Wells Fargo & Company (NYSE:WFC) Stock Purchase Disclosed by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Wells Fargo & Company stock on October 20th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

Wells Fargo & Company Price Performance

Shares of WFC traded down $0.02 during trading hours on Thursday, hitting $85.78. 7,665,816 shares of the company were exchanged, compared to its average volume of 14,111,418. The company has a market cap of $257.50 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.92 and a beta of 0.93. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $84.28 and its 200 day moving average is $83.57.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. The business had revenue of $21.87 billion during the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Company had a return on equity of 14.05% and a net margin of 17.64%. Wells Fargo & Company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 earnings per share. On average, equities analysts anticipate that Wells Fargo & Company will post 7.27 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 6th. Wells Fargo & Company’s dividend payout ratio is presently 28.21%.

Hedge Funds Weigh In On Wells Fargo & Company

A number of institutional investors and hedge funds have recently modified their holdings of WFC. Legal & General Group Plc acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at about $1,635,881,000. Bank of New York Mellon Corp bought a new stake in shares of Wells Fargo & Company during the second quarter valued at approximately $1,364,923,000. Amundi raised its position in shares of Wells Fargo & Company by 73.0% during the first quarter. Amundi now owns 16,463,550 shares of the financial services provider’s stock worth $1,310,663,000 after purchasing an additional 6,944,316 shares during the period. Deutsche Bank AG acquired a new position in shares of Wells Fargo & Company during the second quarter worth approximately $859,431,000. Finally, Pzena Investment Management LLC acquired a new position in shares of Wells Fargo & Company during the second quarter worth approximately $729,502,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup dropped their price target on Wells Fargo & Company from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, October 14th. CICC Research increased their target price on Wells Fargo & Company from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods cut their price target on Wells Fargo & Company from $94.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 14th. Morgan Stanley reduced their price target on Wells Fargo & Company from $102.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. Finally, Royal Bank Of Canada reduced their price target on Wells Fargo & Company from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.50.

Wells Fargo & Company News Summary

These are some of the WFC news items that stood out recently:

• Positive Sentiment: Wells Fargo launched “AI Teammate,” an assistant for wealth advisers that can help with client questions, planning and daily workflows. The tool could improve adviser productivity and client service, though no financial impact was quantified. Article: Wells Fargo Debuts AI Teammate For Wealth Advisors
• Neutral Sentiment: Wells Fargo raised its outlook on U.S. AI infrastructure to neutral from negative after a selloff. This is a change in the bank’s view of the sector, not a direct upgrade to WFC’s own stock outlook. Article: 5 Best AI Stocks to Buy After Wells Fargo’s Outlook Upgrade
• Negative Sentiment: Wells Fargo warned that heavy borrowing to build AI infrastructure is straining the investment-grade bond market and meeting investor resistance. This is a broader financing-market risk, rather than a disclosed company-specific loss, but could weigh on funding conditions. Article: AI Debt Binge Hits a Wall As Global Bond Markets Reach Saturation Point, Wells Fargo Warns

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company offering banking, lending, investment, and wealth management services. Its products include checking and savings accounts, credit cards, mortgages, auto loans, commercial financing, investment services, and financial advice. The company serves consumers, businesses, and institutions, primarily in the United States. Its operations include consumer and small business banking, commercial banking, and corporate and investment banking, as well as wealth and investment management.