Focus Partners Advisor Solutions LLC Lowers Stake in Wells Fargo & Company $WFC

Focus Partners Advisor Solutions LLC reduced its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 14.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 50,623 shares of the financial services provider’s stock after selling 8,373 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Wells Fargo & Company were worth $4,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $26,000. Joseph Group Capital Management purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $28,000. Core Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $29,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter valued at about $27,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WFC has been the topic of several analyst reports. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, April 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. The Goldman Sachs Group lowered their target price on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Morgan Stanley lowered their target price on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, Wall Street Zen downgraded shares of Wells Fargo & Company from a “hold” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $97.53.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo’s CFO said the bank expects net interest income to rise this quarter and reaffirmed its full-year target of about $50 billion, which supports the case for stronger core profitability as loan growth improves. Reuters article
• Positive Sentiment: Management also signaled mid-teens growth in its markets business for the second quarter and reiterated its NII guidance, reinforcing investor confidence that Wells Fargo can deliver stable revenue momentum. MSN/Reuters article
• Positive Sentiment: Analysts continue to view WFC favorably, with one Bank of America Securities note reiterating a Buy rating and an unchanged $95 price target, suggesting attractive risk-reward if earnings execution holds. TipRanks article
• Neutral Sentiment: Wells Fargo also highlighted support for community investment, including a $1.2 million grant to Urban Strategies Inc. for economic mobility and entrepreneurship initiatives, which is positive for reputation but likely limited in near-term stock impact. Yahoo Finance article
• Neutral Sentiment: Wells Fargo presented at the Morgan Stanley US Financials Conference, where investors typically look for updates on strategy and performance, but no major new surprise was highlighted in the headline. Seeking Alpha transcript
• Negative Sentiment: Some recent coverage noted WFC stock underperformed the broader market on Monday, and insider selling headlines may reinforce caution among traders in the short term. MarketWatch article

Wells Fargo & Company Stock Up 1.3%

WFC stock opened at $81.99 on Wednesday. The company has a market cap of $250.90 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.95 and a beta of 0.93. Wells Fargo & Company has a 52 week low of $71.93 and a 52 week high of $97.76. The company’s 50-day moving average price is $79.33 and its 200 day moving average price is $84.68. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $11.62 billion for 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 firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 earnings per share. On average, research analysts expect that Wells Fargo & Company will post 6.84 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s payout ratio is currently 27.78%.

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.