Princeton Global Asset Management LLC Increases Stock Holdings in Wells Fargo & Company $WFC

Princeton Global Asset Management LLC raised its position in shares of Wells Fargo & Company (NYSE:WFC) by 5,043.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,668 shares of the financial services provider’s stock after purchasing an additional 25,169 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Wells Fargo & Company were worth $2,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WFC. Access Investment Management LLC purchased a new position in shares of Wells Fargo & Company in the second quarter worth approximately $25,000. CBIZ Investment Advisory Services LLC raised its position in Wells Fargo & Company by 585.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 322 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Wells Fargo & Company during the 1st quarter valued at $31,000. Finally, Kilter Group LLC purchased a new stake in shares of Wells Fargo & Company in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. UBS Group lowered their price objective on Wells Fargo & Company from $95.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Barclays boosted their price objective on Wells Fargo & Company from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Cfra Research upgraded shares of Wells Fargo & Company to a “moderate buy” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings raised shares of Wells Fargo & Company from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus target price of $92.04.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on WFC to $101, signaling analyst confidence in earnings/valuation upside. Keefe, Bruyette & Woods Increases Wells Fargo & Company (NYSE:WFC) Price Target to $101.00
• Positive Sentiment: WSJ reports Wells Fargo’s investment banking franchise is having a best-ever year, boosting fee pipeline and potential higher non-interest income. Strong deal flow is a positive revenue catalyst. Wells Fargo’s Investment Bankers Are Having Their Best Year Ever
• Positive Sentiment: Ares Commercial expanded a Wells Fargo repurchase lending facility, which could generate incremental lending activity and fee revenue tied to repo operations. Ares Commercial Expands Wells Fargo Repurchase Lending Facility
• Neutral Sentiment: Senator Mitch McConnell disclosed a purchase of WFC shares in a STOCK Act filing — notable for optics and retail attention but not a direct company operational signal. Congress Trade: Senator Mitch McConnell Just Disclosed New Stock Trades
• Neutral Sentiment: Elevated investor attention and options activity point to higher short-term volatility and positioning; useful to monitor flows but ambiguous for direction. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Benzinga pieces on short interest and options trading provide detail on bearish positioning and derivatives flows—important for traders but not definitive on fundamentals. Looking Into Wells Fargo & Co’s Recent Short Interest Unpacking the Latest Options Trading Trends in Wells Fargo
• Negative Sentiment: Wells Fargo disclosed an SEC investigation into its cash sweeps option—this is the most material near-term risk cited today because regulatory findings could lead to fines, remediation costs, or reputational damage. Wells Fargo discloses an SEC investigation into cash sweeps option
• Negative Sentiment: Market-note: a recent Zacks story highlights a modest intraday price drop and short-term weakness despite broader market gains, underscoring near-term volatility. Wells Fargo (WFC) Stock Drops Despite Market Gains: Important Facts to Note

Wells Fargo & Company Stock Up 1.7%

NYSE WFC opened at $93.03 on Friday. The stock’s 50 day moving average is $86.77 and its 200 day moving average is $82.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $94.26. The stock has a market cap of $292.03 billion, a PE ratio of 15.30, a P/E/G ratio of 0.95 and a beta of 1.11.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.18. Wells Fargo & Company had a net margin of 17.18% and a return on equity of 12.51%. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.11 billion. During the same period last year, the firm posted $1.42 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, November 7th. Wells Fargo & Company’s payout ratio is currently 29.61%.

Wells Fargo & Company Company Profile

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.