Mitchell Mcleod Pugh & Williams Inc. Grows Stock Position in Wells Fargo & Company $WFC

Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 41.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,545 shares of the financial services provider’s stock after buying an additional 8,681 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Wells Fargo & Company were worth $2,776,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WFC. Godfrey Financial Associates 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 purchased a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at approximately $27,000. Joseph Group Capital Management purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at approximately $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in Wells Fargo & Company in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo’s CFO said net interest income should step up in the current quarter and reaffirmed the bank’s roughly $50 billion full-year 2026 NII target, signaling stronger underlying earnings power. Reuters: Wells Fargo CFO signals ‘step up’ in interest income in second quarter
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, reinforcing momentum in wealth management and showing the firm can still attract assets and advisors. Yahoo Finance: Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Positive Sentiment: The bank also announced a $1.2 million community wealth grant, which supports its public-facing ESG and community investment narrative. Yahoo Finance: Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Neutral Sentiment: Wells Fargo’s presentation at the Morgan Stanley U.S. Financials Conference kept management in the spotlight, but it did not appear to deliver a major new catalyst on its own. Seeking Alpha: Wells Fargo & Company Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Negative Sentiment: The Justice Department reportedly subpoenaed Wells Fargo as part of a widening investigation into alleged politically motivated debanking, which could add legal and reputational pressure. PYMNTS: Feds Subpoena Wall Street Giants in Widening Debanking Investigation

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barclays dropped their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Jefferies Financial Group assumed coverage on shares of Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 target price for the company. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, April 1st. Evercore reiterated an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Finally, Wall Street Zen downgraded shares of Wells Fargo & Company from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.53.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $81.98 on Thursday. The company has a fifty day simple moving average of $79.44 and a two-hundred day simple moving average of $84.67. The company has a market cap of $250.88 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a 52 week low of $71.93 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The business had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. As a group, equities analysts anticipate that Wells Fargo & Company will post 6.84 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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

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.