Senator Mitch McConnell (Republican-Kentucky) recently bought shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on March 19th, the Senator disclosed that they had bought between $1,001 and $15,000 in Wells Fargo & Company stock on March 1st.
Senator Mitch McConnell also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Luminar Technologies (NASDAQ:LAZR) on 12/24/2025.
Wells Fargo & Company Stock Up 1.6%
NYSE:WFC traded up $1.20 during trading hours on Friday, hitting $77.59. 40,439,377 shares of the company traded hands, compared to its average volume of 19,190,040. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The company has a market cap of $239.41 billion, a PE ratio of 12.37, a PEG ratio of 0.85 and a beta of 1.08. The firm’s 50-day simple moving average is $85.79 and its 200-day simple moving average is $86.30. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76.
Wells Fargo & Company Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.3%. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.71%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Miller Capital Partners Inc. purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $25,000. Navalign LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $26,000. Redmont Wealth Advisors LLC bought a new position in Wells Fargo & Company in the 3rd quarter worth approximately $27,000. Finally, Marquette Asset Management LLC boosted its holdings in Wells Fargo & Company by 472.4% in the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares during the period. Institutional investors own 75.90% of the company’s stock.
More Wells Fargo & Company News
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Senator Mitch McConnell disclosed a purchase of WFC shares, a symbolic vote of confidence that can support sentiment among retail and political-watch investors. Congress Trade: Senator Mitch McConnell Just Disclosed New Stock Trades
- Positive Sentiment: Recent bullish retail/analysis pieces highlight WFC’s dividend yield and improving earnings (Wells Fargo beat EPS estimates in January), which can attract income-focused investors. Wells Fargo (WFC) Could Be a Great Choice
- Neutral Sentiment: Wells Fargo initiated coverage of SoFi Technologies at Equal Weight; the move influenced SoFi shares but is primarily a research event rather than a corporate catalyst for WFC itself. Wells Fargo starts SoFi Technologies at Equal Weight on valuation, loan sale risk
- Neutral Sentiment: Goldman Sachs moving to rolling, phased layoffs signals industry-wide cost and staffing adjustments as banks adapt to AI and flexibility — a sector context item that could influence competitive dynamics over time. GS’ Rolling Layoffs in 2026: A Strategic Shift in Workforce Management
- Neutral Sentiment: Analyst activity at Wells Fargo (e.g., raising coverage/targets on other companies) shows the firm’s research footprint is active but is an indirect factor for WFC’s share moves. Rhythm Pharmaceuticals (RYTM) PT Increased From $136 to $143 at Wells Fargo
- Negative Sentiment: Unusual options activity: traders bought roughly 108,090 WFC put contracts (about +99% vs. average), signaling increased hedging or bearish bets that can pressure sentiment and raise volatility.
- Negative Sentiment: The Fed held rates and flagged higher inflation, pressuring bank stocks (including WFC) on concerns about margins and economic headwinds; this macro update is a near-term drag on bank valuations. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
- Negative Sentiment: Truist lowered its expectations for WFC’s stock price, reflecting some analyst skepticism that could weigh on sentiment until clearer earnings/loan trends emerge. Truist Financial Has Lowered Expectations for Wells Fargo & Company
Insider Activity at Wells Fargo & Company
In other news, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the transaction, the executive vice president directly owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of Wells Fargo & Company stock in a transaction on 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 of the company’s stock, valued at approximately $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 115,000 shares of company stock worth $10,050,000. Corporate insiders own 0.08% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on WFC. Freedom Capital cut shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. TD Cowen cut their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. UBS Group reaffirmed a “buy” rating and issued a $113.00 target price on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. increased their price target on Wells Fargo & Company from $99.00 to $99.50 and gave the company a “neutral” rating in a research report on Monday, February 9th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.71.
Get Our Latest Stock Report on WFC
About Senator McConnell
Mitch McConnell (Republican Party) is a member of the U.S. Senate from Kentucky. He assumed office on January 3, 1985. His current term ends on January 3, 2027. McConnell (Republican Party) ran for re-election to the U.S. Senate to represent Kentucky. He won in the general election on November 3, 2020. McConnell is the Senate minority leader in the 118th Congress. He became the minority leader when the Democratic Party gained a majority in the Senate in January 2021.McConnell previously served as Senate majority leader from 2015 to 2021. He was unanimously elected as majority leader by Republicans following the 2014 elections. Before that, he served as Senate minority leader from 2007 to 2015. As Senate majority leader, McConnell set records for the number of judicial nominees confirmed during the first two years of a presidency. As of July 2019, the Senate had confirmed two Supreme Court justices, 41 circuit court appeals judges, and 80 district court judges during President Donald Trump’s presidency. “To put that in context, that’s about one in five of the Courts of Appeals judges nationwide have now been appointed by this president and confirmed by this Senate in two and a half years. And I want you to know that my view is, there will be no vacancies left behind. None,” McConnell said in June 2019. McConnell previously worked as the Deputy U.S. Attorney for Legislative Affairs from 1974 to 1975 and as a judge-executive of Jefferson County, KY, from 1979 to 1985.
Wells Fargo & Company 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.
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