Miller Investment Management LP Sells 13,740 Shares of Wells Fargo & Company $WFC

Miller Investment Management LP cut its stake in Wells Fargo & Company (NYSE:WFC) by 40.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,342 shares of the financial services provider’s stock after selling 13,740 shares during the quarter. Miller Investment Management LP’s holdings in Wells Fargo & Company were worth $1,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in Wells Fargo & Company during the 3rd quarter worth $337,000. Bright Financial Advisors Inc. purchased a new position in Wells Fargo & Company during the third quarter worth about $202,000. Mufg Securities Americas Inc. grew its position in Wells Fargo & Company by 19.9% in the 3rd quarter. Mufg Securities Americas Inc. now owns 93,511 shares of the financial services provider’s stock worth $7,838,000 after purchasing an additional 15,489 shares in the last quarter. Compound Planning Inc. increased its stake in Wells Fargo & Company by 11.2% in the 3rd quarter. Compound Planning Inc. now owns 41,586 shares of the financial services provider’s stock valued at $3,486,000 after buying an additional 4,189 shares during the last quarter. Finally, Stonebrook Private Inc. increased its stake in Wells Fargo & Company by 2.7% in the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock valued at $378,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Insider Activity

In other news, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was 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 directly owned 79,876 shares of the company’s stock, valued at $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

More Wells Fargo & Company News

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

• Positive Sentiment: Dennis Devine named head of Business Banking — management promoted an experienced banker to lead the unit that serves small businesses (up to $25M in sales). This is a governance/operations positive that could modestly support commercial deposit and lending growth if execution follows. Wells Fargo Names Dennis Devine to Lead Business Banking
• Neutral Sentiment: Wells Fargo research upgraded Alphabet (GOOGL) to Overweight, citing data, distribution and compute advantages tied to AI — this highlights Wells Fargo’s analyst activity and could support research/IB franchise perception but has limited direct impact on WFC’s bank operations or near-term earnings. Google upgraded as Wells Fargo cites widening AI capacity lead
• Neutral Sentiment: Wells Fargo analyst says it may be time to raise estimates for CoreWeave (CRWV) ahead of earnings — another example of active analyst coverage that supports the firm’s research profile but doesn’t materially affect bank metrics. CoreWeave (CRWV) Stock: Wells Fargo Says It May Be Time to Raise Estimates Ahead of Earnings
• Neutral Sentiment: Wells Fargo publishes buy calls on new IPOs — more evidence of active equity research coverage; useful for franchise reputation but unlikely to move WFC’s bank valuation near term. 2 New IPO Stocks Hit the Market; Wells Fargo Says ‘Buy’
• Negative Sentiment: 90-year-old customer reportedly scammed out of $814K and Wells Fargo denies the claim — this headline raises reputational and potential legal/regulatory risk. If the story gains traction or regulators probe controls around large withdrawals and elder fraud protections, it could create negative sentiment or regulatory costs for the bank. 90-year-old man scammed out of $814K life savings — Wells Fargo denies claim

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $85.06 on Tuesday. The firm has a market capitalization of $267.01 billion, a PE ratio of 13.57, a P/E/G ratio of 0.97 and a beta of 1.09. 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 company has a 50-day moving average price of $91.33 and a two-hundred day moving average price of $86.32. 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 posted its quarterly 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. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Equities analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is 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%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WFC shares. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 target price on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Keefe, Bruyette & Woods boosted their price objective on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. UBS Group restated a “buy” rating and issued a $113.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, February 4th. Wolfe Research reiterated an “outperform” rating and set a $109.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a report on Monday, February 9th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus price target of $97.03.

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.