Clark Capital Management Group Inc. Acquires 13,371 Shares of Wells Fargo & Company $WFC

Clark Capital Management Group Inc. boosted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 971,697 shares of the financial services provider’s stock after purchasing an additional 13,371 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Wells Fargo & Company were worth $90,562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Wells Fargo & Company by 62.3% in the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock worth $4,652,000 after purchasing an additional 25,436 shares during the period. Jump Financial LLC lifted its position in shares of Wells Fargo & Company by 12.9% in the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider’s stock worth $1,835,000 after purchasing an additional 2,615 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of Wells Fargo & Company by 111.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider’s stock worth $1,122,000 after purchasing an additional 7,368 shares during the period. Vivaldi Capital Management LP lifted its position in shares of Wells Fargo & Company by 5.4% in the 2nd quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 165 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in shares of Wells Fargo & Company by 51.2% in the 2nd quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider’s stock worth $2,044,000 after purchasing an additional 8,714 shares during the period. 75.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a research report on Wednesday, April 15th. Morgan Stanley dropped their price target on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. KGI Securities downgraded shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Jefferies Financial Group assumed coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Barclays dropped their price target on shares of 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. Two 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. Based on data from MarketBeat.com, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus price target of $97.53.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo raised its year-end 2026 S&P 500 target to 7,950 from 7,300, citing stronger corporate earnings, easing macro risks after the U.S.-Iran interim deal, and improved investor sentiment. That call supports a more upbeat tone for the broader market and reflects Wells Fargo’s more optimistic view of the economy. Article Title
• Positive Sentiment: Wells Fargo was selected as the preferred mortgage lender for ICON’s 3D-printed homes, a partnership that expands its role in affordable housing finance and creates a new growth angle tied to innovative construction methods. Article Title
• Neutral Sentiment: The NAHB/Wells Fargo Housing Market Index fell to 35 in June from 37 in May, showing homebuilder confidence weakened as mortgage rates and materials costs stayed elevated. This is more of a mixed signal for Wells Fargo’s housing-related business than a clear negative. Article Title
• Neutral Sentiment: Recent market commentary also noted Wells Fargo stock has been advancing while the broader market softened, reinforcing that WFC is benefiting from supportive sentiment rather than a single company-specific earnings surprise. Article Title

Wells Fargo & Company Stock Up 2.2%

Wells Fargo & Company stock opened at $84.96 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a 12-month low of $72.30 and a 12-month high of $97.76. The firm’s fifty day moving average is $79.69 and its 200 day moving average is $84.64. The company has a market capitalization of $260.00 billion, a PE ratio of 13.11, a PEG ratio of 0.97 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Wells Fargo & Company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Wells Fargo & Company will post 6.84 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 2.1%. Wells Fargo & Company’s dividend payout ratio is presently 27.78%.

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.