GAMMA Investing LLC Buys 8,969 Shares of Wells Fargo & Company $WFC

GAMMA Investing LLC raised its stake in Wells Fargo & Company (NYSE:WFC) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,515 shares of the financial services provider’s stock after buying an additional 8,969 shares during the period. GAMMA Investing LLC’s holdings in Wells Fargo & Company were worth $5,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WFC. Mirae Asset Global Investments Co. Ltd. grew its holdings in Wells Fargo & Company by 19.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 532,300 shares of the financial services provider’s stock worth $49,610,000 after acquiring an additional 84,902 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in Wells Fargo & Company by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock valued at $32,673,000 after acquiring an additional 14,168 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Wells Fargo & Company by 4.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock valued at $38,446,000 after acquiring an additional 17,302 shares during the last quarter. Norges Bank bought a new position in shares of Wells Fargo & Company during the fourth quarter valued at $4,512,563,000. Finally, Winning Points Advisors LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth $3,384,000. Institutional investors own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WFC shares. Keefe, Bruyette & Woods reduced their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 15th. Piper Sandler reiterated 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. Bank of America increased their price target on Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Finally, UBS Group reduced their target price on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.61.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Tokenized deposits could create a new payments and settlement business. Wells Fargo plans to launch tokenized deposits for corporate and commercial clients this fall, allowing customers to transfer and potentially program bank deposits on blockchain-based infrastructure. The move helps the bank respond to competition from stablecoins while strengthening its digital-payments capabilities. Wells Fargo Plans to Launch Tokenized Deposits This Fall
• Positive Sentiment: Wells Fargo is joining major banks in developing regulated blockchain rails. The initiative places WFC alongside JPMorgan and Citi in pursuing tokenized deposits and broader digital-asset applications beyond custody, potentially improving transaction speed and creating fee opportunities over time. Wells Fargo Joins JPMorgan, Citi In Race To Tokenize Wall Street
• Positive Sentiment: Management continues to emphasize revenue and return growth. CEO Charlie Scharf highlighted Wells Fargo’s focus on expanding revenues and returns, while discussing AI and the planned tokenized-deposit offering. The comments reinforce the bank’s effort to improve profitability and find new sources of growth. Wells Fargo CEO Charlie Scharf: We’re focused on growing revenues and growing returns
• Neutral Sentiment: Wells Fargo says AI spending is spreading through the broader economy. The bank’s economists expect technology investment to benefit industrial companies, but the commentary is primarily a market and sector view rather than a direct earnings catalyst for WFC. AI Boom Is ‘Trickling Down’ to Old-Line Stocks, Wells Fargo Says
• Negative Sentiment: A financial-advisor team managing approximately $1.8 billion has left Wells Fargo Advisors. The departure could modestly pressure wealth-management assets and fee revenue, although the impact appears limited relative to Wells Fargo’s overall scale. Wells Fargo Financial Advisor Team Managing $1.8 Billion Joins &Partners

Wells Fargo & Company Stock Up 0.5%

Shares of Wells Fargo & Company stock opened at $88.36 on Wednesday. The stock’s 50-day moving average is $84.22 and its 200 day moving average is $83.04. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The firm has a market cap of $267.19 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.96 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The business had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 7.26 EPS for the current year.

Wells Fargo & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend 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 presently 26.16%.

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.