Wells Fargo & Company $WFC Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its holdings in Wells Fargo & Company (NYSE:WFC) by 729.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,081 shares of the financial services provider’s stock after buying an additional 20,297 shares during the period. Wells Fargo & Company accounts for approximately 0.3% of Fox Run Management L.L.C.’s holdings, making the stock its 23rd largest holding. Fox Run Management L.L.C.’s holdings in Wells Fargo & Company were worth $2,151,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $25,000. Navalign LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at $27,000. Joseph Group Capital Management acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $28,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 1.2%

NYSE WFC opened at $80.95 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $247.71 billion, a PE ratio of 12.49, a P/E/G ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a one year low of $71.93 and a one year high of $97.76. The firm’s fifty day moving average is $79.24 and its two-hundred day moving average is $84.69.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The company had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same period last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 27.78%.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo is included in a planned tokenized deposit network with JPMorgan, Bank of America and Citigroup, a move that could help large banks compete with stablecoins and improve payments infrastructure by 2027. Big Banks Eye Tokenized Deposits as Stablecoin Competition Heats Up
• Positive Sentiment: Analysts remain constructive on WFC, with Bank of America Securities reiterating a Buy rating and an unchanged $95 price target, citing attractive risk/reward. Wells Fargo: Buy Rating Reiterated as Analyst Sees Attractive Risk‑Reward with Unchanged $95 Price Target
• Positive Sentiment: Some commentary says Wells Fargo looks more attractive as recession fears ease, which supports the bank’s earnings outlook and broader sector sentiment. Wells Fargo (WFC) Looks Attractive as Recession Fears Ease

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. KGI Securities lowered Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Phillip Securities raised Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods cut their price objective on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a report on Wednesday, April 15th. Morgan Stanley cut their price objective on Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, The Goldman Sachs Group cut their price objective on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.53.

About Wells Fargo & Company

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.