Proficio Capital Partners LLC Takes Position in Wells Fargo & Company $WFC

Proficio Capital Partners LLC acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 14,276 shares of the financial services provider’s stock, valued at approximately $1,180,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Wells Fargo & Company in the fourth quarter valued at $4,512,563,000. Capital Research Global Investors lifted its holdings in Wells Fargo & Company by 4.9% during the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after buying an additional 1,760,484 shares during the last quarter. Legal & General Group Plc boosted its position in shares of 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 acquiring an additional 188,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Wells Fargo & Company by 13.0% in 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 valued at $1,922,257,000 after acquiring an additional 2,369,260 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $1,364,923,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Trading Up 0.6%

NYSE:WFC opened at $86.95 on Wednesday. The stock’s 50 day moving average price is $86.38 and its 200 day moving average price is $82.57. The company has a market capitalization of $262.94 billion, a PE ratio of 12.64, a P/E/G ratio of 0.94 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. 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 issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion during the quarter, compared to analysts’ expectations of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. On average, research analysts anticipate that Wells Fargo & Company will post 7.26 EPS for the current year.

Wells Fargo & Company Increases Dividend

The firm 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 was Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.07%.

Key Stories Impacting Wells Fargo & Company

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

Analyst Ratings Changes

WFC has been the subject of several recent analyst reports. Raymond James Financial restated a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group reduced their price objective on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Bank of America increased their target price on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.

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.