Fox Run Management L.L.C. Sells 11,370 Shares of Wells Fargo & Company $WFC

Fox Run Management L.L.C. trimmed its position in shares of Wells Fargo & Company (NYSE:WFC) by 80.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,784 shares of the financial services provider’s stock after selling 11,370 shares during the quarter. Fox Run Management L.L.C.’s holdings in Wells Fargo & Company were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Hilton Capital Management LLC bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at about $3,656,000. Mawer Investment Management Ltd. bought a new position in shares of Wells Fargo & Company in the third quarter worth approximately $147,165,000. Guerra Advisors Inc raised its stake in Wells Fargo & Company by 43.2% in the third quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider’s stock valued at $3,222,000 after purchasing an additional 11,594 shares in the last quarter. AlphaQuest LLC raised its stake in Wells Fargo & Company by 1,121.0% in the third quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider’s stock valued at $2,018,000 after purchasing an additional 22,107 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Wells Fargo & Company by 52.7% during the third quarter. UMB Bank n.a. now owns 138,862 shares of the financial services provider’s stock valued at $11,639,000 after purchasing an additional 47,946 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WFC shares. HSBC reissued a “hold” rating and issued a $74.00 price target on shares of Wells Fargo & Company in a report on Wednesday, January 7th. TD Cowen reduced their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. Truist Financial lowered their price target on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Robert W. Baird upgraded Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective on the stock in a research report on Friday, February 13th. Finally, Argus boosted their price target on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.03.

Wells Fargo & Company Price Performance

Shares of Wells Fargo & Company stock opened at $82.50 on Wednesday. The company’s fifty day simple moving average is $90.25 and its two-hundred day simple moving average is $86.56. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $97.76. The firm has a market cap of $254.57 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.90 and a beta of 1.08. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The company had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. Wells Fargo & Company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. As a group, equities analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company’s payout ratio is 28.71%.

Key Wells Fargo & Company News

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Baird raised WFC to Neutral (Feb. 13) with an $85 price target, saying the recent slump has made valuation more realistic and reduced near-term downside risk — a constructive analyst reset that can stabilize the stock. Baird Sees Reduced Downside Risk for Wells Fargo & Company (WFC), Rating Raised to Neutral
• Positive Sentiment: Wells Fargo strategist Ohsung Kwon recommended “buy the dip” during the global selloff commentary, signaling the bank’s trading desk views current weakness as a buying opportunity — supports short-term demand. Stocks plunge in global selloff but some on Wall Street are looking for assets that respond well to war
• Neutral Sentiment: A Zacks piece reviews Wells Fargo as a potential high-growth dividend stock, which may attract income-oriented investors but does not alter fundamentals immediately. Are You Looking for a High-Growth Dividend Stock?
• Neutral Sentiment: Wells Fargo made a $200,000 grant to the Idaho FFA Foundation — a small but positive PR item that’s unlikely to move the stock materially. Idaho FFA Foundation Receives $200,000 From Wells Fargo Supporting Grants for Idaho FFA Members
• Neutral Sentiment: Wells Fargo’s research desk remains active (eg. calling Zscaler a buy, adjusting targets on financials), which shows revenue-generating analyst activity but is peripheral to WFC’s bank fundamentals. Wells Fargo Calls Zscaler (ZS) Stock a Buy Near 52-Week Lows
• Negative Sentiment: Credit-risk scrutiny has resurfaced after a UK mortgage lender collapse; investors are re-checking Wells Fargo’s exposure and underwriting controls — a headline risk that can pressure bank stocks on fear of contagion. Wells Fargo Credit Risk Questioned After UK Mortgage Lender Collapse
• Negative Sentiment: A Seeking Alpha piece argues that macro risks leave WFC with limited appeal for long-term investors, highlighting concerns about rates, loan growth and economic headwinds that could weigh on multiples. Wells Fargo: Not Much Appeal For Long-Term Investors Due To Macro Concerns

Insider Activity at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the sale, the executive vice president owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the sale, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,000 shares of company stock worth $10,050,000 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.