W.G. Shaheen & Associates DBA Whitney & Co Makes New $759,000 Investment in Wells Fargo & Company $WFC

W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Wells Fargo & Company (NYSE:WFC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,140 shares of the financial services provider’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the third quarter worth $27,000. Marquette Asset Management LLC grew its stake in shares of Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the third quarter worth $30,000. Imprint Wealth LLC bought a new stake in shares of Wells Fargo & Company in the third quarter worth $31,000. Finally, Aventus Investment Advisors Inc. bought a new stake in shares of Wells Fargo & Company in the third quarter worth $37,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

Shares of WFC opened at $81.46 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $251.35 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.06. The firm’s fifty day simple moving average is $80.95 and its two-hundred day simple moving average is $86.17. Wells Fargo & Company has a 12 month low of $69.33 and a 12 month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The business had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 earnings per share. As a group, analysts predict that Wells Fargo & Company will post 6.82 EPS for the current year.

Wells Fargo & Company Dividend Announcement

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

Insider Activity

In other news, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the transaction, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. This represents a 23.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the transaction, the executive vice president owned 169,496 shares in the company, valued at $14,813,950.40. This represents a 26.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 115,000 shares of company stock worth $10,050,000. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WFC shares. The Goldman Sachs Group reduced their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Monday, April 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a research note on Thursday, January 15th. KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Finally, Truist Financial cut their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average price target of $97.75.

Key Wells Fargo & Company News

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

• Positive Sentiment: Board approved a quarterly common stock dividend of $0.45 per share (payable June 1, record May 8), implying a ~2.2% yield — a cash return that supports shareholder income and signals capital confidence. BusinessWire: Dividend Announcement
• Positive Sentiment: Wells Fargo is partnering with Mastercard to remove friction in B2B card payments — this initiative could expand card volumes, drive fee income and deepen corporate client relationships if adoption scales. PYMNTS: B2B Cards Partnership
• Positive Sentiment: WSJ reports Wells Fargo is expanding Wall Street trading activity now that regulatory caps have eased — increased trading and markets activity can boost non?interest revenue over time. WSJ: Wall Street Expansion
• Positive Sentiment: Wells Fargo added Cathay Pacific as a rewards transfer partner — a small but positive move to improve card product engagement and loyalty. Yahoo: Rewards Partner
• Neutral Sentiment: Wells Fargo research activity: an analyst reiterated a Buy on Hinge Health (not WFC itself) — reflects the firm’s active research platform but has no direct impact on WFC fundamentals. TipRanks: Hinge Health Rating
• Neutral Sentiment: Wells Fargo analysts also adjusted coverage/targets on other companies (e.g., OGE, Arm) — market moves on those names reflect Wells Fargo’s research flow but don’t move WFC’s fundamentals. InsiderMonkey: OGE Upgrade
• Negative Sentiment: Wells Fargo’s own card?spending charts show “spending fatigue” — daily credit and debit usage (ex?gas) has flattened YoY, implying softer consumer activity that could depress card fees, interchange revenue and loan growth. Yahoo: Spending Fatigue
• Negative Sentiment: Market coverage and analysis highlight concerns about net interest income (NII) and valuation after softer quarterly NII trends — analysts trimmed targets and flagged NII as a near?term headwind to earnings. Yahoo: Valuation / NII Concerns
• Negative Sentiment: Opinion pieces listing reasons to avoid WFC and analyst price?target cuts (citing softer NII and mixed results) add downward pressure on sentiment and could limit near?term upside. Yahoo: Reasons to Avoid WFC

Wells Fargo & 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.