Wells Fargo & Company $WFC Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 5.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 112,342 shares of the financial services provider’s stock after selling 6,341 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Wells Fargo & Company were worth $10,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Revisor Wealth Management LLC lifted its stake in Wells Fargo & Company by 93.1% during the fourth quarter. Revisor Wealth Management LLC now owns 32,536 shares of the financial services provider’s stock worth $2,945,000 after purchasing an additional 15,683 shares during the last quarter. Earned Wealth Advisors LLC increased its stake in Wells Fargo & Company by 38.1% in the fourth quarter. Earned Wealth Advisors LLC now owns 11,065 shares of the financial services provider’s stock valued at $1,031,000 after purchasing an additional 3,050 shares during the last quarter. VCI Wealth Management LLC acquired a new stake in Wells Fargo & Company during the fourth quarter worth approximately $2,027,000. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in shares of Wells Fargo & Company by 0.4% in the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 32,410 shares of the financial services provider’s stock valued at $3,021,000 after buying an additional 122 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its holdings in shares of Wells Fargo & Company by 6.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 20,207 shares of the financial services provider’s stock worth $1,883,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo CEO Charlie Scharf said the U.S. economy is “extremely strong” and warned against cutting interest rates before clarity on the Iran conflict — remarks that signal a scenario of sustained rates and support for bank net interest margins. Wells Fargo CEO says reducing interest rates before seeing end to Iran conflict would be a mistake
• Positive Sentiment: WFC was listed among “high dividend” stocks highlighted by investors (an endorsement that can attract income-focused buyers). The same coverage notes some analyst updates but the inclusion supports demand from dividend investors. Is Wells Fargo & Company (WFC) Among the 12 High Dividend Stocks Picked by Billionaire Ray Dalio?
• Neutral Sentiment: Wells Fargo’s research team continued to publish market calls (e.g., tech stock picks, macro views such as a bullish gold scenario) — useful for institutional/research revenue and market perception but not an immediate driver of WFC’s core banking results. Wells Fargo Says Tech Still Looks Compelling – and Suggests 2 Stocks to Buy
• Neutral Sentiment: Wells Fargo research pieces (e.g., a bullish gold forecast) are being reported broadly — signals of active research coverage but limited direct impact on WFC’s earnings. Wells Fargo says gold could nearly double to $8,000 an ounce
• Negative Sentiment: KGI Securities downgraded WFC to Hold (from Outperform) with an $88 price target after the bank’s quarter — a clear near-term headwind that reflects tempered upside in analyst expectations. Wells Fargo & Company (WFC) Gets Downgraded to Hold by KGI Securities
• Negative Sentiment: Some firms trimmed price targets (example: Morgan Stanley cut its WFC target to $97 while keeping an Equal Weight), reflecting mixed takeaways from the quarter (slight EPS beat but revenue modestly below expectations). Those adjustments can cap near-term upside. Is Wells Fargo & Company (WFC) Among the 12 High Dividend Stocks Picked by Billionaire Ray Dalio?
• Negative Sentiment: Wells Fargo stopped acting as a card lender for fintech Bilt (reported in coverage of private-credit trends) — a small operational/partnership negative and a reminder of credit/strategy frictions in consumer-fintech deals. Private Credit’s Consumer Debt Holdings Jump $150 Billion Since 2019

Wells Fargo & Company Stock Up 0.7%

Wells Fargo & Company stock opened at $81.95 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a one year low of $63.40 and a one year high of $97.76. The company has a 50-day simple moving average of $81.98 and a 200-day simple moving average of $86.17. The firm has a market capitalization of $252.88 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.95 and a beta of 1.06.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The firm had revenue of $21.45 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. Wells Fargo & Company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. As a group, equities analysts expect that Wells Fargo & Company will post 6.87 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.2%. Wells Fargo & Company’s payout ratio is presently 27.78%.

Insiders Place Their Bets

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 transaction of $2,613,000.00. Following the completion of the sale, the executive vice president directly owned 83,478 shares in the company, valued at approximately $7,270,933.80. This trade represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $5,244,000.00. Following the completion of the transaction, the executive vice president owned 169,496 shares in the company, valued at $14,813,950.40. This represents a 26.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock worth $10,050,000 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

WFC has been the topic of several research analyst reports. Jefferies Financial Group started coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They set a “buy” rating and a $100.00 target price on the stock. Barclays cut their price objective on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $109.00 target price on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Finally, Morgan Stanley lowered their price target on Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and an average price target of $97.75.

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.