Miller Investment Management LP Has $1.71 Million Holdings in Wells Fargo & Company $WFC

Miller Investment Management LP decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 40.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,342 shares of the financial services provider’s stock after selling 13,740 shares during the quarter. Miller Investment Management LP’s holdings in Wells Fargo & Company were worth $1,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Wells Fargo & Company by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock valued at $24,203,688,000 after buying an additional 1,341,222 shares during the last quarter. Norges Bank acquired a new position in shares of Wells Fargo & Company in the second quarter worth approximately $3,990,551,000. Massachusetts Financial Services Co. MA boosted its holdings in Wells Fargo & Company by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider’s stock valued at $1,496,998,000 after acquiring an additional 1,223,999 shares during the last quarter. Amundi boosted its holdings in Wells Fargo & Company by 18.2% in the second quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock valued at $1,165,868,000 after acquiring an additional 2,180,693 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in Wells Fargo & Company by 1.1% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,469,766 shares of the financial services provider’s stock valued at $678,598,000 after purchasing an additional 88,358 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 4.1%

WFC stock opened at $85.06 on Tuesday. The stock’s 50 day simple moving average is $91.33 and its 200 day simple moving average is $86.32. 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 0.84 and a current ratio of 0.90. The company has a market cap of $267.01 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. On average, research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction on 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WFC. Wolfe Research restated an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Barclays lifted their target price on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 target price on shares of Wells Fargo & Company in a 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 target for the company in a report on Friday, February 13th. Finally, TD Cowen lowered their price objective on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.03.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Dennis Devine named head of Business Banking — management promoted an experienced banker to lead the unit that serves small businesses (up to $25M in sales). This is a governance/operations positive that could modestly support commercial deposit and lending growth if execution follows. Wells Fargo Names Dennis Devine to Lead Business Banking
• Neutral Sentiment: Wells Fargo research upgraded Alphabet (GOOGL) to Overweight, citing data, distribution and compute advantages tied to AI — this highlights Wells Fargo’s analyst activity and could support research/IB franchise perception but has limited direct impact on WFC’s bank operations or near-term earnings. Google upgraded as Wells Fargo cites widening AI capacity lead
• Neutral Sentiment: Wells Fargo analyst says it may be time to raise estimates for CoreWeave (CRWV) ahead of earnings — another example of active analyst coverage that supports the firm’s research profile but doesn’t materially affect bank metrics. CoreWeave (CRWV) Stock: Wells Fargo Says It May Be Time to Raise Estimates Ahead of Earnings
• Neutral Sentiment: Wells Fargo publishes buy calls on new IPOs — more evidence of active equity research coverage; useful for franchise reputation but unlikely to move WFC’s bank valuation near term. 2 New IPO Stocks Hit the Market; Wells Fargo Says ‘Buy’
• Negative Sentiment: 90-year-old customer reportedly scammed out of $814K and Wells Fargo denies the claim — this headline raises reputational and potential legal/regulatory risk. If the story gains traction or regulators probe controls around large withdrawals and elder fraud protections, it could create negative sentiment or regulatory costs for the bank. 90-year-old man scammed out of $814K life savings — Wells Fargo denies claim

Wells Fargo & 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.