HF Advisory Group LLC Purchases 73,442 Shares of Wells Fargo & Company $WFC

HF Advisory Group LLC grew its position in Wells Fargo & Company (NYSE:WFC) by 141.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,521 shares of the financial services provider’s stock after purchasing an additional 73,442 shares during the quarter. HF Advisory Group LLC’s holdings in Wells Fargo & Company were worth $11,699,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WFC. Redmont Wealth Advisors LLC bought a new stake in Wells Fargo & Company in the 3rd quarter valued at $27,000. Marquette Asset Management LLC increased its position in Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter worth $30,000. Imprint Wealth LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter worth $31,000. Finally, Kilter Group LLC bought a new stake in shares of Wells Fargo & Company in the second quarter valued at about $31,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Key Wells Fargo & Company News

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

• Positive Sentiment: HSBC upgraded WFC from “Hold” to “Buy” with a $94 price target, providing a near-term bullish catalyst and signaling analyst confidence in the bank’s earnings/capital-return outlook. Wells Fargo & Company (NYSE:WFC) Upgraded by HSBC to “Buy” Rating
• Neutral Sentiment: Preview/poll coverage on upcoming WFC quarterly results keeps focus on fundamentals and near-term beats/misses; results could move the stock when announced. Will Wells Fargo (WFC) beat quarterly earnings?
• Neutral Sentiment: Recent media review pieces compile analyst views (mixed ratings and targets) — useful for context but largely descriptive rather than new catalysts. Reviewing Wells Fargo & Company (NYSE:WFC) and Stifel Financial (NYSE:SF)
• Negative Sentiment: Morgan Stanley cut its WFC price target to $100 and moved to an “Equal Weight” stance, a downgrade that increases selling pressure from investors who follow that shop’s model portfolios. Morgan Stanley Lowers Wells Fargo & Company (NYSE:WFC) Price Target to $100.00
• Negative Sentiment: Wells Fargo equity strategists cut their S&P 500 year-end target to 7,300 and flag rising geopolitical and macro downside (U.S.-Iran war risk, lower tax returns), which implies a tougher market backdrop for banks and could weigh on WFC multiple expansion. Wells Fargo resets its S&P 500 target for rest of 2026
• Negative Sentiment: Wells Fargo analyst Ohsung Kwon (and media coverage of his comments) warns markets will remain volatile in coming months with an unfavorable backdrop — a cautionary macro view that can pressure bank stocks via risk-premium widening. Markets to remain volatile over the next few months with unfavorable backdrop: Wells Fargo’s Kwon

Insider Buying and Selling at Wells Fargo & Company

In related news, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.08% of the stock is currently owned by corporate insiders.

Wells Fargo & Company Trading Up 1.3%

WFC opened at $80.62 on Thursday. The stock has a market capitalization of $248.75 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.85 and a beta of 1.06. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The company has a 50-day simple moving average of $84.09 and a 200 day simple moving average of $86.21.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The firm had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 28.71%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WFC. JPMorgan Chase & Co. raised their price target on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a report on Thursday, January 15th. Jefferies Financial Group assumed coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They set a “buy” rating and a $100.00 target price on the stock. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Finally, The Goldman Sachs Group dropped their price target on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

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.