Elevation Point Wealth Partners LLC Purchases New Position in Wells Fargo & Company $WFC

Posted by Geri Gentry on Aug 26th, 2026

Elevation Point Wealth Partners LLC acquired a new position in Wells Fargo & Company (NYSE:WFC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 109,477 shares of the financial services provider’s stock, valued at approximately $9,047,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alta Advisers Ltd purchased a new stake in Wells Fargo & Company during the 2nd quarter valued at $1,025,000. Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Wells Fargo & Company in the second quarter worth $10,725,000. Commerce Bank purchased a new position in shares of Wells Fargo & Company in the second quarter worth $34,549,000. CFO4Life Group LLC bought a new position in shares of Wells Fargo & Company during the second quarter valued at $670,000. Finally, Quantbot Technologies LP bought a new position in shares of Wells Fargo & Company during the second quarter valued at $17,429,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $84.82 on Wednesday. The firm’s 50 day moving average price is $86.11 and its 200-day moving average price is $82.79. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $256.51 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. Equities research analysts expect that Wells Fargo & Company will post 7.26 EPS for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio is 29.07%.

Analysts Set New Price Targets

WFC has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Robert W. Baird raised 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. Truist Financial lifted their price target on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.

Check Out Our Latest Stock Report on WFC

About Wells Fargo & Company

(Free Report)

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.