Wells Fargo & Company (NYSE:WFC) Stock Sale Reported by Rep. Michael A. Rulli

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on October 2nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Wells Fargo & Company stock on September 3rd. The trade occurred in the Representative’s “MERRILL LYNCH SIMPLE MANAGED ACCOUNT” account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 9/3/2026.
• Sold $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/24/2026.
• Sold $1,001 – $15,000 in shares of Allstate (NYSE:ALL) on 8/12/2026.
• Purchased $1,001 – $15,000 in shares of Equinix (NASDAQ:EQIX) on 8/7/2026.
• Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 8/6/2026.

Wells Fargo & Company Stock Performance

Shares of NYSE WFC traded up $0.07 during trading hours on Tuesday, hitting $81.50. 1,464,336 shares of the company’s stock were exchanged, compared to its average volume of 15,920,152. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $246.47 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.87 and a beta of 0.96. The company’s 50-day moving average price is $86.14 and its 200-day moving average price is $83.08.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The business had revenue of $22.62 billion for the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. Wells Fargo & Company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. On average, sell-side analysts expect that Wells Fargo & Company will post 7.28 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were paid a $0.50 dividend. The ex-dividend date was Friday, August 7th. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. Wells Fargo & Company’s dividend payout ratio is presently 29.07%.

Institutional Investors Weigh In On Wells Fargo & Company

A number of hedge funds and other institutional investors have recently bought and sold shares of WFC. Rosenberg Matthew Hamilton boosted its stake in Wells Fargo & Company by 3.9% in the third quarter. Rosenberg Matthew Hamilton now owns 6,225 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 232 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of Wells Fargo & Company by 1.7% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 991,358 shares of the financial services provider’s stock valued at $79,358,000 after buying an additional 16,821 shares in the last quarter. Eastern Bank increased its stake in shares of Wells Fargo & Company by 4.7% in the third quarter. Eastern Bank now owns 16,113 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 725 shares in the last quarter. Boltwood Capital Management raised its holdings in shares of Wells Fargo & Company by 1.8% in the third quarter. Boltwood Capital Management now owns 17,465 shares of the financial services provider’s stock valued at $1,398,000 after buying an additional 305 shares during the last quarter. Finally, CX Institutional lifted its position in Wells Fargo & Company by 23.1% during the 3rd quarter. CX Institutional now owns 22,306 shares of the financial services provider’s stock worth $1,786,000 after buying an additional 4,179 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WFC has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Wells Fargo & Company from $95.50 to $91.50 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial increased their target price on Wells Fargo & Company from $94.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. HSBC initiated coverage on Wells Fargo & Company in a research note on Monday, September 28th. They issued a “buy” rating and a $108.00 price target on the stock. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.75.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Morgan Stanley upgraded WFC to Overweight from Equal Weight and set a $102 price target, citing easing net-interest-margin pressure and a clearer path to stronger earnings and profitability. The firm named Wells Fargo a top pick and forecasts approximately 18% return on tangible common equity by 2028, supported by stronger fee revenue, improving consumer-banking returns and capital deployment. CNBC article
• Positive Sentiment: UBS maintained its Buy rating while trimming its price target to $102 from $104. The revised target still implies substantial potential upside from recent trading levels, indicating continued confidence in Wells Fargo’s earnings and shareholder-return outlook. UBS price target article
• Positive Sentiment: Investors are focused on the upcoming third-quarter earnings release, scheduled for October 13, 2026. The event is a near-term catalyst, particularly because analysts are looking for evidence that margin pressure is easing and that returns are improving. Wells Fargo earnings announcement
• Neutral Sentiment: Wells Fargo is trading below its 50-day moving average but near its 200-day average. Its valuation remains relatively moderate, with a reported forward-looking P/E ratio near 12, leaving the earnings report as an important test of whether the stock can close its performance gap with rival banks.
• Negative Sentiment: Wells Fargo’s mortgage-servicer ratings were downgraded following a portfolio shift. The development may signal operational or servicing-quality concerns, although the immediate financial impact was not specified. Mortgage servicing ratings article

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio’s 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027.

Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio’s 6th Congressional District. He declared candidacy for the 2026 election.

Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli’s career experience includes working as the director of operations with Rulli Bros. Markets.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.