Connors Investor Services Inc. Has $19.19 Million Stock Position in Wells Fargo & Company $WFC

Connors Investor Services Inc. boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,945 shares of the financial services provider’s stock after purchasing an additional 9,928 shares during the quarter. Wells Fargo & Company comprises 1.6% of Connors Investor Services Inc.’s holdings, making the stock its 15th largest holding. Connors Investor Services Inc.’s holdings in Wells Fargo & Company were worth $19,190,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Wells Fargo & Company by 62.3% during the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock valued at $4,652,000 after acquiring an additional 25,436 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Wells Fargo & Company by 29.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 30,238 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 6,858 shares in the last quarter. Culbertson A N & Co. Inc. lifted its holdings in shares of Wells Fargo & Company by 5.4% in the 2nd quarter. Culbertson A N & Co. Inc. now owns 75,096 shares of the financial services provider’s stock worth $6,017,000 after purchasing an additional 3,820 shares in the last quarter. Vanguard Group Inc. grew its position in Wells Fargo & Company by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock valued at $24,203,688,000 after purchasing an additional 1,341,222 shares during the period. Finally, Empowered Funds LLC grew its position in Wells Fargo & Company by 4.5% in the 2nd quarter. Empowered Funds LLC now owns 249,643 shares of the financial services provider’s stock valued at $20,001,000 after purchasing an additional 10,819 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Up 0.6%

NYSE WFC opened at $76.23 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $86.90 and a 200 day simple moving average of $86.45. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $97.76. The firm has a market capitalization of $235.21 billion, a P/E ratio of 12.16, a PEG ratio of 0.83 and a beta of 1.08.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping 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 $21.29 billion for the quarter, compared to the consensus estimate of $21.63 billion. During the same period in the previous year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. TD Cowen reduced their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, January 15th. Barclays boosted their target price on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. CICC Research began coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 target price on the stock. Finally, Robert W. Baird raised shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a research report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and a consensus target price of $96.71.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: FiNet wins three advisory teams representing about $1.2B of client assets, a concrete retention/growth win for Wells Fargo’s independent channel that should help fee income and distribution. Read More.
• Positive Sentiment: Wells Fargo filed a trademark for “WFUSD,” signaling a potential stablecoin product and deeper participation in digital asset payments/tokenization—a strategic growth vector that investors can view as long-term revenue diversification. Read More.
• Positive Sentiment: Homebuilder confidence (NAHB/Wells Fargo HMI) ticked up in March, a modest data point supporting mortgage and consumer-related business lines. Read More.
• Neutral Sentiment: Truist lowered its WFC price target from $98 to $94 but kept a Buy rating — a slight inflection to expectations but not a ratings downgrade. Read More.
• Neutral Sentiment: Evercore ISI trimmed its price target (from $105 to $98) while maintaining Buy, and other Wells Fargo research actions (coverage of Polaris, upgrades on peers) highlight continued analyst activity but don’t materially change WFC fundamentals. Read More.
• Neutral Sentiment: Analyst pieces (Zacks, firm research citations) discuss Wells Fargo’s capital-return capacity and strategy, which supports the thesis for buybacks/dividends but depends on credit and regulatory outlook. Read More.
• Negative Sentiment: Sector pressure from private credit and “shadow banking” instability is cited as a headwind for bank stocks, including Wells Fargo, raising funding and credit-risk concerns that can compress multiples. Read More.
• Negative Sentiment: Broader market risks — geopolitical fallout from the Iran war and elevated private credit worries — are cited by market commentators and could sap investor risk appetite for cyclical banks. Read More.
• Negative Sentiment: Coverage noting weak share momentum and valuation pressure for WFC highlights that, despite strategic initiatives, the stock still faces downward valuation risk until sentiment or fundamentals (credit, margins) improve. Read More.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at $7,006,722.72. This trade represents a 23.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the transaction, the executive vice president directly owned 169,496 shares in the company, valued at approximately $14,813,950.40. This represents a 26.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 115,000 shares of company stock worth $10,050,000. 0.08% of the stock is owned by insiders.

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.