Wells Fargo & Company $WFC Shares Sold by Members Trust Co

Members Trust Co lowered its position in Wells Fargo & Company (NYSE:WFC) by 54.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,864 shares of the financial services provider’s stock after selling 6,966 shares during the quarter. Members Trust Co’s holdings in Wells Fargo & Company were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at $4,512,563,000. Capital Research Global Investors raised its position in Wells Fargo & Company by 4.9% in the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock valued at $3,487,687,000 after purchasing an additional 1,760,484 shares during the last quarter. Legal & General Group Plc boosted its stake in Wells Fargo & Company by 0.9% during the 4th quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after purchasing an additional 188,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Wells Fargo & Company by 13.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after purchasing an additional 2,369,260 shares during the period. Finally, Boston Partners grew its position in Wells Fargo & Company by 5.2% during the 4th quarter. Boston Partners now owns 9,606,215 shares of the financial services provider’s stock worth $895,466,000 after purchasing an additional 477,745 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WFC shares. JPMorgan Chase & Co. lifted their price objective on shares of Wells Fargo & Company from $86.50 to $93.50 and gave the company a “neutral” rating in a research note on Monday, July 6th. Truist Financial increased their target price 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. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Barclays dropped their price target on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Finally, KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Two equities research 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 company’s stock. According to data from MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus price target of $98.34.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $85.73 on Wednesday. The company has a 50-day simple moving average of $80.89 and a 200-day simple moving average of $83.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $262.35 billion, a PE ratio of 13.23, a P/E/G ratio of 1.00 and a beta of 0.92. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.27. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The firm had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo beat Wall Street estimates with second-quarter EPS of about $2.00 and revenue of $22.62 billion, helped by broad-based growth across fee income, wealth management, investment banking, and trading. Wells Fargo Beats Second-Quarter Estimates Amid Broad-Based Revenue Growth
• Positive Sentiment: The bank said profit rose 17%, with higher loan growth boosting interest income and volatile markets supporting trading desks, which points to improving core earnings momentum. Wells Fargo profit jumps on interest income boost, trading windfall
• Positive Sentiment: Management highlighted strength in wealth management and investment banking, including growth in corporate and investment banking revenue and a healthy deal pipeline, which may support future revenue. Wells Fargo Profit Beats Estimates on Wealth, Investment Banking
• Neutral Sentiment: The company also announced an 11% dividend increase and a $3 billion share repurchase, which is supportive for shareholders but largely expected given the strong quarter. Wells Fargo CEO Says America Is Still Spending Big—Even With Inflation Concerns
• Neutral Sentiment: Broader market news and a cooler-than-expected CPI reading also lifted financial stocks overall, providing a supportive backdrop for the sector. June CPI Goes Negative on Low Oil Prices, Banks Report for Q2
• Negative Sentiment: Despite the beat, some articles noted the stock faded as investors worried about higher expenses, margin pressure, and whether strong results would be enough to drive further upside after a run-up. Big Bank Earnings Preview: Bank of America, JPMorgan Stocks Starting to Rally — Will This Laggard Be Next?
• Negative Sentiment: Some commentary framed the reaction as a sell-the-news move across big banks, suggesting investors may be using the earnings release to lock in gains rather than chase the stock higher. Wall Street Lunch: Big Banks Fall Despite Upbeat Earnings

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.