First Financial Bank Trust Division decreased its position in shares of Wells Fargo & Company (NYSE:WFC) by 49.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,037 shares of the financial services provider’s stock after selling 8,787 shares during the period. First Financial Bank Trust Division’s holdings in Wells Fargo & Company were worth $723,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in WFC. Capstone Financial Advisors Inc. boosted its position in Wells Fargo & Company by 3.5% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,354 shares of the financial services provider’s stock valued at $277,000 after buying an additional 113 shares during the last quarter. MFA Wealth Services increased its position in shares of Wells Fargo & Company by 0.7% during the second quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider’s stock worth $1,381,000 after acquiring an additional 115 shares during the last quarter. Hidden Cove Wealth Management LLC lifted its stake in shares of Wells Fargo & Company by 1.8% in the second quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 124 shares in the last quarter. Essex Bank lifted its stake in shares of Wells Fargo & Company by 0.8% in the first quarter. Essex Bank now owns 16,173 shares of the financial services provider’s stock worth $1,288,000 after acquiring an additional 125 shares in the last quarter. Finally, Five Oceans Advisors boosted its holdings in Wells Fargo & Company by 3.6% in the second quarter. Five Oceans Advisors now owns 3,625 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.
Wells Fargo & Company Stock Performance
Shares of NYSE:WFC traded up $0.24 during trading on Thursday, hitting $80.29. 16,378,913 shares of the company traded hands, compared to its average volume of 16,041,455. 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 business’s fifty day moving average is $86.49 and its 200-day moving average is $82.97. The stock has a market capitalization of $242.80 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.88 and a beta of 0.92. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76.
Wells Fargo & Company Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were given a $0.50 dividend. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 7th. Wells Fargo & Company’s dividend payout ratio is 29.07%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on WFC shares. JPMorgan Chase & Co. raised their price objective on Wells Fargo & Company from $93.50 to $95.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Truist Financial upped their target price on Wells Fargo & Company from $94.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. UBS Group decreased their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, HSBC initiated coverage on shares of Wells Fargo & Company in a research note on Monday. They issued a “buy” rating and a $108.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and an average target price of $99.92.
Check Out Our Latest Stock Report on WFC
More Wells Fargo & Company News
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: S&P upgraded Wells Fargo’s long-term issuer credit rating to “A-” from “BBB+,” maintaining a stable outlook. The agency cited improvements in risk management, governance, profitability, operational oversight and client relationships. The upgrade reinforces the view that Wells Fargo has made meaningful progress since the Federal Reserve removed its asset cap in 2025, potentially improving funding access and supporting future balance-sheet growth. WFC’s Credit Rating Upgraded to A- by S&P, Outlook Remains Stable
- Positive Sentiment: Truist raised its WFC price target to $95 from $94 and reiterated a “Buy” rating. The revised target implies substantial potential upside from recent trading levels and provides additional support for the bullish case. Truist Raises Wells Fargo Price Target
- Positive Sentiment: The Federal Reserve’s planned overhaul of bank stress tests could reduce capital-requirement volatility. More predictable capital requirements would improve Wells Fargo’s financial planning and could increase flexibility around lending, capital returns and balance-sheet management. Fed Revamps Bank Stress Tests
- Neutral Sentiment: Wells Fargo expanded its mortgage-servicing relationship with ICE, a development that may strengthen its servicing platform, although the immediate earnings impact was not disclosed. Wells Fargo Expands Servicing Relationship With ICE
- Negative Sentiment: Wells Fargo warned that persistent inflation could keep interest rates elevated through 2027. Higher rates may support net interest income, but they can also weaken loan demand, pressure borrowers and increase credit risks. WFC remains below its 50-day and 200-day moving averages, indicating that technical momentum is still cautious.
Wells Fargo & Company Profile
Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.
The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.
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