Whalen Wealth Management Inc. Buys 8,058 Shares of Wells Fargo & Company $WFC

Whalen Wealth Management Inc. lifted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 139.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,857 shares of the financial services provider’s stock after acquiring an additional 8,058 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Wells Fargo & Company were worth $1,291,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WFC. Redmont Wealth Advisors LLC purchased a new stake in Wells Fargo & Company during the third quarter valued at about $27,000. Marquette Asset Management LLC boosted its holdings in shares of Wells Fargo & Company by 472.4% in the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company in the 3rd quarter worth about $30,000. Imprint Wealth LLC bought a new position in shares of Wells Fargo & Company during the 3rd quarter valued at about $31,000. Finally, Aventus Investment Advisors Inc. bought a new position in shares of Wells Fargo & Company during the 3rd quarter valued at about $37,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WFC has been the subject of a number of recent research reports. Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Morgan Stanley reduced their price target on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wolfe Research reissued an “outperform” rating and set a $109.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. TD Cowen cut their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, January 15th. Finally, Truist Financial reduced their target price on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.13.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the transaction, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the transaction, the executive vice president directly owned 169,496 shares of the company’s stock, valued at approximately $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 115,000 shares of company stock worth $10,050,000. 0.08% of the stock is currently owned by company insiders.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: HSBC upgraded WFC to a “Buy,” giving the stock direct analyst support that can attract inflows and counterbalance negative headlines. Article Title
• Neutral Sentiment: Wells Fargo research continues to move markets — the firm trimmed price targets on Fiserv and Meta and initiated coverage on other names, signaling active trading/research revenue but also a cautious view on sector valuations. Article Title
• Neutral Sentiment: Wells Fargo trimmed its price target on Meta ahead of earnings — a signal of near-term caution from its equities desk rather than a direct impact on WFC fundamentals. Article Title
• Neutral Sentiment: Zacks flagged heightened investor attention on WFC, which can amplify price moves as traders react to news and analyst notes. Article Title
• Neutral Sentiment: Wells Fargo’s coverage expansion (example: initiating coverage on CACI) underscores its investment-banking/research activity, which is a modest positive for fee-related revenue but not an immediate driver of WFC share moves. Article Title
• Negative Sentiment: CEO Charlie Scharf warned simply “Reasons to worry” about the economy, injecting executive-level caution that can pressure bank shares sensitive to macro and credit-cycle concerns. Article Title
• Negative Sentiment: Wells Fargo’s markets head (Kwon) warned of continued volatility and an unfavorable backdrop over coming months, a comment that highlights downside risk to trading and capital markets revenue. Article Title
• Negative Sentiment: Morgan Stanley cut its price target on WFC to $100, a formal analyst downgrade that can cap upside and influence investor sentiment. Article Title
• Negative Sentiment: Broader macro stress from the ongoing Middle East conflict continues to sap risk appetite, lift oil and bond volatility, and raise recession/loan-loss fears that typically weigh on bank equities. Article Title

Wells Fargo & Company Stock Performance

Shares of WFC stock opened at $80.75 on Friday. The company has a market capitalization of $249.17 billion, a P/E ratio of 12.88, a PEG ratio of 0.86 and a beta of 1.06. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $83.81 and a two-hundred day moving average price of $86.17.

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

Wells Fargo & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.71%.

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.