Pacifica Partners Inc. Acquires 19,760 Shares of Wells Fargo & Company $WFC

Pacifica Partners Inc. lifted its stake in Wells Fargo & Company (NYSE:WFC) by 67.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 49,086 shares of the financial services provider’s stock after acquiring an additional 19,760 shares during the period. Wells Fargo & Company makes up 1.2% of Pacifica Partners Inc.’s portfolio, making the stock its 27th largest holding. Pacifica Partners Inc.’s holdings in Wells Fargo & Company were worth $4,197,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Godfrey Financial Associates Inc. bought a new stake in Wells Fargo & Company during the fourth quarter valued at about $25,000. Miller Capital Partners Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $26,000. Phillip James Consulting Co. purchased a new position in shares of Wells Fargo & Company during the 1st quarter valued at about $28,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter valued at about $29,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Performance

WFC opened at $86.95 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $262.94 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.94 and a beta of 0.92. The company has a fifty day moving average of $86.38 and a 200 day moving average of $82.57. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. The business had revenue of $22.62 billion for the quarter, compared to analysts’ expectations of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. As a group, sell-side analysts forecast that Wells Fargo & Company will post 7.26 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 7th. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. Wells Fargo & Company’s dividend payout ratio is currently 29.07%.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s latest earnings remain a fundamental support: the company exceeded quarterly EPS and revenue expectations, with revenue rising year over year. The bank’s valuation and projected earnings growth may also appeal to investors. Is Wells Fargo a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Wall Street’s average recommendation for WFC remains favorable, although the article cautions that consensus analyst ratings can be overly optimistic and should not be treated as a standalone buy signal. Wells Fargo Analyst Ratings
• Neutral Sentiment: A FinanceBuzz survey sponsored by Wells Fargo highlights consumer demand for early-pay and cash-management features, which could support engagement with the bank’s retail customers. Because it is sponsored content and does not provide new financial guidance, the direct stock impact is likely limited. FinanceBuzz Early Pay Banking Survey
• Neutral Sentiment: Wells Fargo downgraded PG&E, citing inadequate California wildfire-liability reform. The call demonstrates active research coverage but primarily affects PG&E rather than Wells Fargo’s earnings or valuation. Wells Fargo Downgrades PG&E
• Negative Sentiment: Wells Fargo analysts have joined a more cautious stance on U.S. equities. Although this is a broad market view rather than a downgrade of WFC, it can weigh on risk appetite and financial-sector valuations. Wells Fargo Analysts Turn Cautious on U.S. Stocks
• Negative Sentiment: WFC has lagged the broader financial sector over the past year. While analysts remain cautiously bullish, the relative underperformance raises questions about whether the bank can close its valuation and performance gap. Wells Fargo Sector Performance

Wall Street Analyst Weigh In

WFC has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. UBS Group lowered their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Finally, Truist Financial increased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and a consensus price target of $98.61.

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.