Kuhn & Co Investment Counsel Buys 39,670 Shares of Wells Fargo & Company $WFC

Kuhn & Co Investment Counsel increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 88.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 84,672 shares of the financial services provider’s stock after acquiring an additional 39,670 shares during the quarter. Wells Fargo & Company comprises approximately 3.7% of Kuhn & Co Investment Counsel’s portfolio, making the stock its 4th biggest holding. Kuhn & Co Investment Counsel’s holdings in Wells Fargo & Company were worth $6,778,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in Wells Fargo & Company during the second quarter worth about $1,635,881,000. Bank of New York Mellon Corp acquired a new position in Wells Fargo & Company in the 2nd quarter valued at about $1,364,923,000. Amundi grew its stake in shares of Wells Fargo & Company by 73.0% in the 1st quarter. Amundi now owns 16,463,550 shares of the financial services provider’s stock valued at $1,310,663,000 after buying an additional 6,944,316 shares during the period. Deutsche Bank AG purchased a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $859,431,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $729,502,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

More Wells Fargo & Company News

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

• Positive Sentiment: Exchange-traded funds purchased approximately $80.2 million of Wells Fargo stock on Oct. 29, indicating continued institutional demand that may support the shares. 34 ETFs Add to Wells Fargo Holdings
• Positive Sentiment: JPMorgan projected strong potential appreciation for Wells Fargo, adding to the bullish analyst view surrounding the stock. JPMorgan Forecasts Strong Price Appreciation for Wells Fargo
• Positive Sentiment: Wells Fargo led New York City lenders as the 20 largest institutions originated $36 billion in loans over 12 months, a 57% increase. Strong loan activity supports revenue and interest-income prospects, although higher yields have recently cooled deal activity. Wells Fargo Leads NYC Lenders
• Neutral Sentiment: Wells Fargo beat third-quarter earnings expectations with $1.87 in EPS versus the $1.85 consensus. Loan and deposit growth helped improve interest earnings and returns, but the muted market reaction reflects concern that margins remain tight and management still has to reach its 17%–18% return target. Wells Fargo Q3 Earnings Beat
• Neutral Sentiment: Wells Fargo analysts raised LyondellBasell’s price target to $76 but cut Gates Industrial’s target to $28. These actions show active research coverage but have limited direct implications for WFC’s valuation. Analyst Forecasts for LyondellBasell Analyst Forecasts for Gates Industrial
• Negative Sentiment: Beginning Nov. 24, customers who revoke an AI agent’s account access may remain liable for subsequent activity unless they can provide evidence of the revocation. The policy could create customer-friction, reputational and regulatory risks for Wells Fargo. Wells Fargo AI-Agent Access Policy

Wells Fargo & Company Trading Up 2.8%

Shares of NYSE WFC opened at $85.75 on Tuesday. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $84.37 and a 200-day simple moving average of $83.66. The stock has a market capitalization of $257.41 billion, a PE ratio of 12.09, a PEG ratio of 0.90 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.02. Wells Fargo & Company had a return on equity of 14.05% and a net margin of 17.64%. The firm had revenue of $21.87 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the prior year, the company earned $1.66 EPS. Wells Fargo & Company’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Wells Fargo & Company will post 7.27 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Wells Fargo & Company’s dividend payout ratio is 28.21%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WFC shares. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Thursday, October 15th. Morgan Stanley decreased their price objective on Wells Fargo & Company from $102.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. The Goldman Sachs Group set a $94.00 price objective on Wells Fargo & Company in a research report on Tuesday, October 13th. Keefe, Bruyette & Woods lowered their price objective on Wells Fargo & Company from $94.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada cut their target price on Wells Fargo & Company from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.11.

Wells Fargo & Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and financial management services to individuals, businesses, and institutions. Its offerings include deposit accounts, residential and commercial lending, credit cards, payments, treasury management, and other banking products.

The company also provides wealth and investment management services, including financial planning, brokerage, advisory, and private banking solutions.