GLP Holdings LLLP Invests $663,000 in Wells Fargo & Company $WFC

GLP Holdings LLLP purchased a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,117 shares of the financial services provider’s stock, valued at approximately $663,000. Wells Fargo & Company makes up 0.6% of GLP Holdings LLLP’s portfolio, making the stock its 4th largest position.

Several other institutional investors also recently modified their holdings of WFC. Capital Research Global Investors grew its position in shares of Wells Fargo & Company by 18.6% during the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after buying an additional 5,584,930 shares during the period. Danske Bank A S acquired a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $215,638,000. M&G PLC grew its position in shares of Wells Fargo & Company by 320.3% during the 3rd quarter. M&G PLC now owns 2,946,277 shares of the financial services provider’s stock worth $247,487,000 after buying an additional 2,245,307 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $147,165,000. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $138,398,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.7%

Shares of NYSE WFC opened at $85.43 on Friday. The stock has a market cap of $263.62 billion, a P/E ratio of 13.63, a P/E/G ratio of 0.96 and a beta of 1.06. The firm has a 50 day moving average price of $83.29 and a 200 day moving average price of $86.19. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a 52-week low of $59.65 and a 52-week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $21.63 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. Wells Fargo & Company’s payout ratio is presently 28.71%.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the transaction, the executive vice president owned 169,496 shares of the company’s stock, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the transaction, the executive vice president directly owned 83,478 shares in the company, valued at approximately $7,270,933.80. The trade was a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.14% of the stock is currently owned by corporate insiders.

Key Wells Fargo & Company News

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

• Positive Sentiment: Several analysts have nudged Q1 earnings/revenue estimates higher and highlighted incremental strength ahead of the April 14 report; management changes (new head of Business Banking) are being viewed as constructive. Wells Fargo Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: Broader market relief after a temporary ceasefire in the Middle East pushed oil prices lower and lifted bank stocks, giving Wells Fargo a short-term boost ahead of earnings. Wells Fargo (WFC) Stock Trades Up, Here Is Why
• Neutral Sentiment: Pre-earnings previews expect solid revenue and EPS growth but flag mortgage volume/margin weakness and higher credit costs as offsets — this creates binary risk: beat could lift the shares, a miss or weak guidance could pressure them. Wells Fargo Q1 Earnings on the Deck: What’s in Store for the Stock?
• Neutral Sentiment: Deeper previews examine key metrics beyond headline EPS — look for details on net interest margin, mortgage pipelines, trading revenue and loan-loss provisioning for clearer direction. Countdown to Wells Fargo (WFC) Q1 Earnings: Wall Street Forecasts for Key Metrics
• Neutral Sentiment: Sector-wide previews (JPM, C, WFC) suggest banks could benefit from easing macro oil/geo fears, but risks to asset quality and rising costs remain a moderating factor. What Can Investors Expect from Bank Earnings?
• Negative Sentiment: JPMorgan cut its price target on WFC (flagging bank-sector volatility and risks), which can amplify downside if Wells Fargo misses or issues cautious guidance. JPMorgan Trims Wells Fargo & Company (WFC) Target, Flags Volatility Risks for Banks
• Negative Sentiment: Separate reports note pessimistic near-term forecasts for WFC from some sell-side commentary — negative headlines or analyst downgrades ahead of earnings could pressure the share price. JPMorgan Chase & Co. Issues Pessimistic Forecast for Wells Fargo & Company (NYSE:WFC) Stock Price
• Negative Sentiment: Despite occasional daily gains, Wells Fargo has recently underperformed peers — an underperformance trend can weigh on sentiment if earnings don’t show clear improvement. Wells Fargo & Co. stock underperforms Thursday when compared to competitors despite daily gains

Analysts Set New Price Targets

WFC has been the subject of a number of analyst reports. CICC Research initiated coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price objective for the company. TD Cowen decreased their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. The Goldman Sachs Group decreased their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Barclays boosted their price objective on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, January 5th. One 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’s stock. Based on data from MarketBeat, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $97.70.

About Wells Fargo & Company

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.