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

Fox Run Management L.L.C. lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 80.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,784 shares of the financial services provider’s stock after selling 11,370 shares during the period. Fox Run Management L.L.C.’s holdings in Wells Fargo & Company were worth $233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Access Investment Management LLC bought a new stake in Wells Fargo & Company during the second quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the 3rd quarter worth approximately $27,000. Marquette Asset Management LLC grew its stake 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 buying an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Wells Fargo & Company during the 3rd quarter valued at approximately $30,000. Finally, Kilter Group LLC bought a new position in Wells Fargo & Company during the 2nd quarter valued at approximately $31,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wells Fargo & Company

In other Wells Fargo & Company news, 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 value of $2,613,000.00. Following the transaction, the executive vice president directly owned 83,478 shares of the company’s stock, valued at approximately $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction dated 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 owned 169,496 shares of the company’s stock, valued at approximately $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 in the last ninety days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WFC. JPMorgan Chase & Co. boosted their target price on Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a report on Monday, February 9th. TD Cowen dropped their price target on shares of 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. Evercore cut their price objective on shares of Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. UBS Group reaffirmed a “buy” rating and issued a $113.00 target price on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Finally, Truist Financial cut their price target on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.03.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $82.50 on Wednesday. The firm’s 50-day moving average price is $90.25 and its 200-day moving average price is $86.56. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76. The company has a market cap of $254.57 billion, a PE ratio of 13.16, a PEG 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 released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $21.63 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

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

Wells Fargo & Company News Summary

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

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.