Key Points
- Insider sales: EVP Bridget Engle sold 30,000 WFC shares at $87.10 (~$2.61M) and EVP Ellen R. Patterson sold 60,000 shares at $87.40 (~$5.24M), with each executive's post-sale holding down roughly 26%.
- Quarterly results: Wells Fargo posted $1.76 EPS versus $1.66 expected while revenue was $21.29B (slightly below the $21.63B estimate); ROE was 12.9% and revenue rose 4.5% year-over-year.
- Dividend announced: The bank declared a $0.45 quarterly dividend ($1.80 annualized, ~2.2% yield), with record/ex-dividend date on Feb 6 and payment on Mar 1.
Wells Fargo & Company (NYSE:WFC) EVP Bridget Engle sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the transaction, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Wells Fargo & Company Stock Performance
WFC stock opened at $81.33 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a market cap of $250.96 billion, a PE ratio of 12.97, a P/E/G ratio of 0.94 and a beta of 1.09. The business has a 50 day moving average of $90.72 and a 200-day moving average of $86.40. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $97.76.
Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. The business had revenue of $21.29 billion for the quarter, compared to analysts' expectations of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The business's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. As a group, sell-side analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.
Wells Fargo & Company Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 2.2%. Wells Fargo & Company's payout ratio is currently 28.71%.
Key Wells Fargo & Company News
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Analyst / internal commentary: Wells Fargo credit analyst Mike Mayo expressed confidence that the firm's de‑risking in financials is supporting stronger credit trends—this is constructive for loan quality and loss provisions and can ease investor concerns about credit risk. Wells Fargo’s Mike Mayo feels good about de-risking in financials supporting stronger credit
- Neutral Sentiment: Macro/rate context: Coverage pieces on how further Fed rate cuts could affect Wells Fargo note mixed implications—lower rates can pressure net interest income but the stock also has moderately bullish analyst coverage and hedge‑fund interest. Monitor rate‑cut expectations and NII guidance for near‑term impact. What Do Further Rate Cuts Mean for Wells Fargo & Company (WFC)
- Negative Sentiment: Sector pressure: A broader article reports bank and brokerage stocks suffered one of their worst days in months as investors price in potential AI‑driven disruption and other headwinds—this broad negative sentiment toward financials likely amplified selling in WFC. Bank, Brokerage Stocks Suffer Their Worst Day in Months. Here’s Why.
- Negative Sentiment: Insider selling — EVP Bridget E. Engle sold 30,000 WFC shares at an average $87.10 (≈$2.61M); her post‑sale holding fell ~26% — large, disclosed insider sales can weigh on sentiment even if they’re for personal reasons. Bridget E. Engle Form 4
- Negative Sentiment: Insider selling — EVP Ellen R. Patterson sold 60,000 WFC shares at an average $87.40 (≈$5.24M); her post‑sale holding declined ~26% — another large, concurrent insider sale increases near‑term selling pressure and may trigger short‑term investor caution. Ellen R. Patterson Form 4
Institutional Trading of Wells Fargo & Company
A number of large investors have recently modified their holdings of WFC. Brighton Jones LLC raised its position in shares of Wells Fargo & Company by 62.3% during the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider's stock valued at $4,652,000 after buying an additional 25,436 shares in the last quarter. Quaker Wealth Management LLC grew its holdings in shares of Wells Fargo & Company by 207.9% during the 2nd quarter. Quaker Wealth Management LLC now owns 532 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 1,025 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of Wells Fargo & Company by 9.6% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,450 shares of the financial services provider's stock valued at $437,000 after acquiring an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Wells Fargo & Company by 4.9% in the second quarter. Flagship Harbor Advisors LLC now owns 3,572 shares of the financial services provider's stock worth $286,000 after purchasing an additional 166 shares during the last quarter. Finally, World Investment Advisors raised its stake in shares of Wells Fargo & Company by 4.8% during the second quarter. World Investment Advisors now owns 91,807 shares of the financial services provider's stock valued at $7,356,000 after acquiring an additional 4,167 shares during the last quarter. Institutional investors own 75.90% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Robert W. Baird upgraded Wells Fargo & Company from an "underperform" rating to a "neutral" rating and set a $85.00 price objective on the stock in a research note on Friday, February 13th. Evercore dropped their price target on Wells Fargo & Company from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, January 15th. Freedom Capital lowered shares of Wells Fargo & Company from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 15th. UBS Group reissued a "buy" rating and issued a $113.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Finally, Argus upped their price target on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wells Fargo & Company has an average rating of "Moderate Buy" and a consensus target price of $97.03.
Read Our Latest Report on WFC
Wells Fargo & Company Company Profile
(
Get Free Report)
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.
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