Phoenix Financial Ltd. Lowers Holdings in Wells Fargo & Company $WFC

Phoenix Financial Ltd. cut its stake in Wells Fargo & Company (NYSE:WFC) by 20.4% in the third quarter, HoldingsChannel reports. The fund owned 1,044,072 shares of the financial services provider’s stock after selling 268,031 shares during the period. Wells Fargo & Company accounts for approximately 1.2% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 25th largest holding. Phoenix Financial Ltd.’s holdings in Wells Fargo & Company were worth $87,516,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Access Investment Management LLC purchased a new position in Wells Fargo & Company in the 2nd quarter valued at about $25,000. McElhenny Sheffield Capital Management LLC purchased a new stake in Wells Fargo & Company during the 2nd quarter worth approximately $27,000. Marquette Asset Management LLC raised its holdings in shares of Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company in the third quarter valued at approximately $30,000. Finally, Kilter Group LLC acquired a new stake in shares of Wells Fargo & Company in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WFC. HSBC reiterated a “hold” rating and set a $74.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Bank of America upped their target price on shares of Wells Fargo & Company from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. TD Cowen reduced their target price on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, January 15th. Argus raised their price target on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.87.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo hired Amazon Web Services executive Faraz Shafiq as Head of AI Products and Solutions (effective Feb. 9). The appointment signals an accelerated effort to build and commercialize AI-driven banking products and improve operational efficiency, which investors view as a growth catalyst. Wells Fargo hires Amazon Web Services exec Faraz Shafiq for AI push
• Positive Sentiment: Wells Fargo is a founding partner of EMBERPOINT, an AI-powered wildfire prevention, detection and response venture with Lockheed Martin, PG&E and Salesforce. The tie-up enhances the bank’s ESG profile, opens potential commercial opportunities for risk-transfer and data services, and boosts reputation with large corporate clients. Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™
• Neutral Sentiment: Some analysts remain cautious: TD Cowen trimmed its Wells Fargo price target slightly (to $100 from $102) and kept a Hold rating, reflecting limited near-term upside despite strategic initiatives. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)
• Negative Sentiment: Wells Fargo’s latest quarter was mixed — EPS beat but revenue missed consensus — which keeps a ceiling on re-rating until top-line growth stabilizes. That execution risk is why some investors and analysts remain cautious despite the AI and partnership headlines. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)

Wells Fargo & Company Stock Up 1.3%

NYSE WFC opened at $88.07 on Tuesday. The business’s fifty day simple moving average is $90.42 and its 200-day simple moving average is $85.06. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a market cap of $276.46 billion, a PE ratio of 14.05, a P/E/G ratio of 0.95 and a beta of 1.09. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $11.97 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

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.