Wells Fargo & Company $WFC Shares Bought by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC grew its position in Wells Fargo & Company (NYSE:WFC) by 477.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,155 shares of the financial services provider’s stock after acquiring an additional 11,703 shares during the period. Gateway Wealth Partners LLC’s holdings in Wells Fargo & Company were worth $1,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cypress Capital Group raised its position in shares of Wells Fargo & Company by 16.1% during the 1st quarter. Cypress Capital Group now owns 4,793 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 666 shares during the last quarter. Everest Financial Group LLC boosted its position in shares of Wells Fargo & Company by 139.9% in the first quarter. Everest Financial Group LLC now owns 8,504 shares of the financial services provider’s stock worth $677,000 after acquiring an additional 4,959 shares during the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of Wells Fargo & Company by 22.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 233,302 shares of the financial services provider’s stock valued at $18,573,000 after buying an additional 43,416 shares during the period. Callodine Capital Management LP grew its position in Wells Fargo & Company by 290.1% during the first quarter. Callodine Capital Management LP now owns 395,970 shares of the financial services provider’s stock valued at $31,523,000 after acquiring an additional 294,470 shares during the period. Finally, Themes Management Co LLC increased its position in Wells Fargo & Company by 17.6% during the 1st quarter. Themes Management Co LLC now owns 14,121 shares of the financial services provider’s stock worth $1,124,000 after purchasing an additional 2,109 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on WFC shares. KGI Securities lowered Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Finally, Robert W. Baird lifted their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average price target of $98.61.

Wells Fargo & Company Trading Down 3.2%

NYSE:WFC opened at $84.05 on Thursday. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The business has a fifty day moving average of $83.38 and a 200-day moving average of $83.22. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $257.22 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.95 and a beta of 0.92.

Wells Fargo & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio is 26.16%.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s board approved an 11% increase in its quarterly dividend to $0.50 per share, payable September 1 to shareholders of record on August 7. The annualized payout implies a yield of approximately 2.4% and signals continued confidence in the company’s capital-return capacity. Wells Fargo & Company Increases Common Stock Dividend
• Positive Sentiment: JPMorgan raised its price target for WFC from $93.50 to $95.50, indicating meaningful potential appreciation from the referenced share price. The higher target reflects a somewhat improved valuation outlook, even though the bank retained a Neutral rating. JPMorgan Raises Wells Fargo Price Target
• Neutral Sentiment: Wells Fargo analysts raised Snowflake’s price target to $500, citing stronger customer spending and the potential for AI agents to accelerate growth. This could support Wells Fargo’s investment-banking and research franchise, but it has no immediate direct effect on WFC’s earnings.
• Neutral Sentiment: Wall Street commentary remains cautiously optimistic toward Wells Fargo, while noting that the stock has lagged the broader market over the past year. The mixed assessment suggests investors may want clearer evidence of stronger operating momentum before assigning a higher multiple. Do Wall Street Analysts Like Wells Fargo Stock?
• Negative Sentiment: JPMorgan’s Neutral rating tempers the bullish effect of its target increase, indicating the analyst sees limited conviction in near-term outperformance. Broader market caution ahead of Federal Reserve developments may also be contributing to weakness in financial stocks.

About Wells Fargo & Company

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.