Wells Fargo & Company (NYSE:WFC) Price Target Cut to $94.00 by Analysts at Truist Financial

Wells Fargo & Company (NYSE:WFC) had its price target lowered by investment analysts at Truist Financial from $98.00 to $94.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 22.93% from the company’s current price.

WFC has been the subject of a number of other reports. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective on the stock in a report on Friday, February 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of Wells Fargo & Company in a report on Thursday, January 15th. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. TD Cowen cut their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Finally, Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.71.

Wells Fargo & Company Trading Up 0.9%

Wells Fargo & Company stock traded up $0.72 during trading on Tuesday, reaching $76.47. 5,278,675 shares of the company were exchanged, compared to its average volume of 17,162,354. The stock’s 50 day simple moving average is $87.31 and its two-hundred day simple moving average is $86.49. The company has a market capitalization of $235.96 billion, a P/E ratio of 12.17, a PEG ratio of 0.81 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76.

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

Insider Buying and Selling

In related news, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the sale, the executive vice president directly owned 169,496 shares of the company’s stock, valued at $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,000 shares of company stock valued at $10,050,000 in the last quarter. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WFC. Godfrey Financial Associates Inc. bought a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $25,000. Miller Capital Partners Inc. acquired a new position in Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the 3rd quarter worth approximately $27,000. Finally, Marquette Asset Management LLC boosted its position in Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Zacks argues Wells Fargo’s strong liquidity and credit profile should allow it to sustain rising dividends and large buybacks, which supports shareholder returns and valuation. Is Wells Fargo Well-Positioned to Sustain Its Capital Return Strategy?
• Positive Sentiment: The NAHB/Wells Fargo Housing Market Index ticked up in March, modestly improving homebuilder confidence — a small tailwind for mortgage and consumer-credit volumes tied to bank revenue. U.S. Homebuilder Confidence Improves Modestly In March
• Neutral Sentiment: Wells Fargo research activity — including initiating coverage on Polaris (Equal Weight) and raising its price target on Merck — signals ongoing investment-banking/analyst revenue but doesn’t materially change Wells Fargo’s own fundamentals. Wells Fargo Initiates Polaris (PII), Flags Tariffs and Soft Demand as Key Risks
• Neutral Sentiment: Coverage notes where Wells Fargo analysts weigh in on other names (e.g., Nvidia commentary, Micron price-target change) are reputational positives for its research franchise but are indirect for WFC equity performance. Nvidia Stock Remains ‘Rangebound’ – Can GTC 2026 Break the Trend? Wells Fargo Weighs In
• Negative Sentiment: Evercore ISI reiterated a Buy on WFC but lowered its price target (from $105 to $98), a near-term headwind for upside expectations and a signal that some analysts see less upside than before. Evercore ISI Lowers PT on Wells Fargo (WFC) Keeps a Buy Rating
• Negative Sentiment: A TalkMarkets piece flags rising market concern around private-credit and shadow-banking stress affecting large banks, naming Wells Fargo as exposed to sector sentiment risk — a factor that can amplify short-term volatility. Now It’s Wells Fargo And Deutsche Bank

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.