Wells Fargo & Company (NYSE:WFC) Price Target Raised to $101.00

Wells Fargo & Company (NYSE:WFC) had its price objective upped by Argus from $94.00 to $101.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Baird R W lowered Wells Fargo & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. HSBC reissued a “hold” rating and set a $74.00 price target on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price objective on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. Cowen reiterated a “hold” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Finally, Citigroup increased their target price on shares of Wells Fargo & Company from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.87.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $88.36 on Thursday. 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 stock has a market capitalization of $277.37 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09. The firm’s 50 day moving average price is $90.17 and its 200-day moving average price is $84.83. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (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 company had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. Wells Fargo & Company’s payout ratio is 28.71%.

Institutional Trading of Wells Fargo & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in WFC. Vanguard Group Inc. grew its position in Wells Fargo & Company by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock worth $24,203,688,000 after purchasing an additional 1,341,222 shares during the period. Norges Bank acquired a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $3,990,551,000. Capital Research Global Investors boosted its stake in shares of Wells Fargo & Company by 18.6% in the third 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 last quarter. Legal & General Group Plc grew its holdings in Wells Fargo & Company by 1.9% during the third quarter. Legal & General Group Plc now owns 21,009,237 shares of the financial services provider’s stock worth $1,760,994,000 after acquiring an additional 399,088 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Wells Fargo & Company by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider’s stock worth $1,496,998,000 after acquiring an additional 1,223,999 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Asset‑cap lift enabling growth — management is ramping lending and growth initiatives now that the Fed’s asset cap is gone, which supports higher future loan volumes and revenue potential. Freed from Asset Cap, Wells Fargo Ramps up Lending
• Positive Sentiment: Q4 EPS beat — Wells Fargo reported EPS above consensus (helping underlying profitability) even as revenue missed estimates; management flagged improving core profitability and stronger wealth results. Wells Fargo posts earnings beat but revenue misses expectations
• Positive Sentiment: Insider/insider‑adjacent buying — a disclosed purchase by Sen. John Boozman was reported, which some investors view as a modest signal of confidence. Sen. John Boozman Buys Wells Fargo & Company Shares
• Neutral Sentiment: Analyst reactions are mixed — several firms revised price targets and ratings after Q4 (some trims, some raises); consensus remains around a “hold”/modest upside, creating balanced near‑term analyst flow rather than a uniform boost. These Analysts Revise Their Forecasts On Wells Fargo Following Q4 Earnings
• Neutral Sentiment: New coverage and broader industry commentary — CICC initiated coverage and major outlets highlighted sector‑wide strength in trading and wealth, which could support longer‑term estimates but doesn’t remove near‑term uncertainty. Wells Fargo Coverage Initiated at CICC Research
• Negative Sentiment: Revenue missed and severance dragged on profits — commentary and reporting pointed to material severance and restructuring charges that pressured reported profit and prompted concern about near‑term earnings quality. Wells Fargo misses profit estimates on severance costs, shares fall
• Negative Sentiment: Sector and policy overhang — bank stocks broadly pulled back after earnings, and proposals to cap credit‑card rates have emerged as a regulatory risk that could hit consumer finance revenue if enacted. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Housing sentiment softens — the NAHB/Wells Fargo Housing Market Index fell unexpectedly in January, a modest negative for mortgage origination outlooks and related loan growth. U.S. Homebuilder Confidence Unexpectedly Deteriorates In January

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.