Phoenix Financial Ltd. Cuts Holdings in Wells Fargo & Company $WFC

Phoenix Financial Ltd. decreased its holdings in Wells Fargo & Company (NYSE:WFC) by 20.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,044,072 shares of the financial services provider’s stock after selling 268,031 shares during the period. Wells Fargo & Company comprises approximately 1.2% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 25th biggest holding. Phoenix Financial Ltd.’s holdings in Wells Fargo & Company were worth $87,516,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WFC. Brighton Jones LLC lifted its stake 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 worth $4,652,000 after purchasing an additional 25,436 shares during the last quarter. Sonora Investment Management Group LLC grew its stake in Wells Fargo & Company by 21.6% in the second quarter. Sonora Investment Management Group LLC now owns 5,716 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 1,017 shares during the last quarter. Lazari Capital Management Inc. raised its holdings in Wells Fargo & Company by 2.7% in the second quarter. Lazari Capital Management Inc. now owns 18,740 shares of the financial services provider’s stock worth $1,501,000 after purchasing an additional 494 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new stake in shares of Wells Fargo & Company during the second quarter valued at about $11,893,000. Finally, Investment Advisory Services Inc. TX ADV lifted its position in shares of Wells Fargo & Company by 7.4% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,008 shares of the financial services provider’s stock valued at $241,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo hired Amazon Web Services executive Faraz Shafiq as Head of AI Products and Solutions (effective Feb. 9). The appointment signals an accelerated effort to build and commercialize AI-driven banking products and improve operational efficiency, which investors view as a growth catalyst. Wells Fargo hires Amazon Web Services exec Faraz Shafiq for AI push
• Positive Sentiment: Wells Fargo is a founding partner of EMBERPOINT, an AI-powered wildfire prevention, detection and response venture with Lockheed Martin, PG&E and Salesforce. The tie-up enhances the bank’s ESG profile, opens potential commercial opportunities for risk-transfer and data services, and boosts reputation with large corporate clients. Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™
• Neutral Sentiment: Some analysts remain cautious: TD Cowen trimmed its Wells Fargo price target slightly (to $100 from $102) and kept a Hold rating, reflecting limited near-term upside despite strategic initiatives. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)
• Negative Sentiment: Wells Fargo’s latest quarter was mixed — EPS beat but revenue missed consensus — which keeps a ceiling on re-rating until top-line growth stabilizes. That execution risk is why some investors and analysts remain cautious despite the AI and partnership headlines. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Wolfe Research reaffirmed an “outperform” rating and set a $109.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Saturday, October 4th. Evercore ISI reduced their target price 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.87.

Wells Fargo & Company Trading Up 1.3%

Shares of NYSE:WFC opened at $88.07 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a 52-week low of $58.42 and a 52-week high of $97.76. The stock has a market cap of $276.46 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.95 and a beta of 1.09. The business has a 50-day moving average price of $90.42 and a 200-day moving average price of $85.06.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results 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. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter in the prior year, the company earned $1.43 EPS. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company 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.