Wells Fargo & Company $WFC Stock Position Raised by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC grew its stake in shares of Wells Fargo & Company (NYSE:WFC) by 477.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,155 shares of the financial services provider’s stock after purchasing an additional 11,703 shares during the period. Gateway Wealth Partners LLC’s holdings in Wells Fargo & Company were worth $1,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Wells Fargo & Company by 19.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 532,300 shares of the financial services provider’s stock valued at $49,610,000 after buying an additional 84,902 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in Wells Fargo & Company by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after acquiring an additional 14,168 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Wells Fargo & Company by 4.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after acquiring an additional 17,302 shares during the period. Norges Bank acquired a new stake in Wells Fargo & Company during the 4th quarter worth about $4,512,563,000. Finally, Winning Points Advisors LLC purchased a new position in Wells Fargo & Company during the 4th quarter valued at about $3,384,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WFC shares. Keefe, Bruyette & Woods reduced their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research report on Wednesday, July 15th. KGI Securities downgraded shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. Morgan Stanley increased their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Finally, HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus price target of $98.61.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo’s board approved an 11% increase in its quarterly dividend to $0.50 per share, payable September 1 to shareholders of record on August 7. The annualized payout implies a yield of approximately 2.4% and signals continued confidence in the company’s capital-return capacity. Wells Fargo & Company Increases Common Stock Dividend
• Positive Sentiment: JPMorgan raised its price target for WFC from $93.50 to $95.50, indicating meaningful potential appreciation from the referenced share price. The higher target reflects a somewhat improved valuation outlook, even though the bank retained a Neutral rating. JPMorgan Raises Wells Fargo Price Target
• Neutral Sentiment: Wells Fargo analysts raised Snowflake’s price target to $500, citing stronger customer spending and the potential for AI agents to accelerate growth. This could support Wells Fargo’s investment-banking and research franchise, but it has no immediate direct effect on WFC’s earnings.
• Neutral Sentiment: Wall Street commentary remains cautiously optimistic toward Wells Fargo, while noting that the stock has lagged the broader market over the past year. The mixed assessment suggests investors may want clearer evidence of stronger operating momentum before assigning a higher multiple. Do Wall Street Analysts Like Wells Fargo Stock?
• Negative Sentiment: JPMorgan’s Neutral rating tempers the bullish effect of its target increase, indicating the analyst sees limited conviction in near-term outperformance. Broader market caution ahead of Federal Reserve developments may also be contributing to weakness in financial stocks.

Wells Fargo & Company Trading Down 3.2%

Shares of NYSE WFC opened at $84.05 on Thursday. The business has a 50 day simple moving average of $83.38 and a 200 day simple moving average of $83.22. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The stock has a market cap of $257.22 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.50 dividend. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 7th. Wells Fargo & Company’s payout ratio is presently 26.16%.

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.