Pacer Advisors Inc. Sells 143,561 Shares of Wells Fargo & Company $WFC

Pacer Advisors Inc. lessened its stake in Wells Fargo & Company (NYSE:WFC) by 48.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,764 shares of the financial services provider’s stock after selling 143,561 shares during the quarter. Pacer Advisors Inc.’s holdings in Wells Fargo & Company were worth $12,321,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group reduced their price target on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Robert W. Baird raised their price objective on Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Phillip Securities raised Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial upped their target price on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Morgan Stanley increased their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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 Trading Up 0.5%

NYSE WFC opened at $88.36 on Wednesday. The stock has a market capitalization of $267.19 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.96 and a beta of 0.92. The business has a 50 day simple moving average of $84.22 and a 200 day simple moving average of $83.04. 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 has a one year low of $72.78 and a one year high of $97.76.

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

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.