Wells Fargo & Company $WFC Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV cut its holdings in Wells Fargo & Company (NYSE:WFC) by 48.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,980 shares of the financial services provider’s stock after selling 18,072 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Wells Fargo & Company were worth $1,591,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Redmont Wealth Advisors LLC acquired a new stake in Wells Fargo & Company in the third quarter valued at $27,000. Marquette Asset Management LLC grew its stake in shares of Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 274 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the 3rd quarter worth $30,000. Kilter Group LLC purchased a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $31,000. Finally, Imprint Wealth LLC purchased a new position in shares of Wells Fargo & Company in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo launched a nationwide Housing Affordability Breakthrough Challenge, committing $10 million in grants, technical assistance and mentorship to scalable housing solutions — a reputational and community-investment play that supports franchise goodwill and potential future lending/partnership opportunities. Wells Fargo Launches National Challenge to Uncover Innovative Housing Solutions (Yahoo)
• Positive Sentiment: Wells Fargo’s FiNet channel recruited advisory teams that bring roughly $1.2B in client assets, directly boosting fee revenue and AUM growth in its independent advisory distribution. Wells Fargo’s FiNet Recruits Advisory Teams from UBS, Commonwealth, and Stifel (Yahoo)
• Positive Sentiment: Analysis pieces highlight Wells Fargo’s capital-return strategy and liquidity strength, suggesting the bank may be positioned to sustain dividends and buybacks — a constructive view for income-oriented investors. Is Wells Fargo Well-Positioned to Sustain Its Capital Return Strategy? (Zacks)
• Neutral Sentiment: Wells Fargo filed a trademark for “WFUSD,” hinting at a potential stablecoin initiative that could expand payments and digital-asset services; this is strategic upside but carries regulatory and execution risk. Wells Fargo WFUSD Stablecoin Filing Meets Weak Share Momentum And Valuation (Yahoo)
• Neutral Sentiment: The company designated a new Series GG preferred stock (announcement March 16), a capital-management tool that could be used to optimize funding; impact depends on whether and how much is issued. Wells Fargo Establishes New Series GG Preferred Stock (TipRanks)
• Neutral Sentiment: A former Wells Fargo executive is leading EOS Investors’ new hotel credit strategy — a reminder of talent mobility from the bank but with limited direct impact on WFC’s fundamentals. EOS Investors Launches Hotel Credit Strategy Led by Former Wells Fargo Executive (Yahoo)
• Negative Sentiment: Truist cut its WFC price target from $98 to $94 (while keeping a Buy), trimming upside and reflecting a slightly more cautious view that can pressure sentiment. Truist Lowers PT on Wells Fargo (Benzinga/StreetInsider)
• Negative Sentiment: Sector commentary notes bank stocks acting as a signal for private-credit stress; broader private-credit concerns and any spillovers could weigh on Wells Fargo’s valuation and risk premium. Bank Stocks Are the Canary in the Recession Coal Mine (Barron’s)

Insider Activity at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the sale, the executive vice president owned 83,478 shares in the company, valued at approximately $7,270,933.80. This represents a 26.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ellen R. Patterson sold 60,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the transaction, the executive vice president directly owned 169,496 shares of the company’s stock, valued at $14,813,950.40. The trade was a 26.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WFC. Truist Financial decreased their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a report on Tuesday. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a research report on Friday, February 13th. Freedom Capital cut Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Barclays raised their price objective on Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average target price of $96.71.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $76.11 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $234.86 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The firm has a 50-day moving average price of $86.54 and a two-hundred day moving average price of $86.37. 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 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 $21.29 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 earnings per share. As a group, research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors 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 2.4%. Wells Fargo & Company’s dividend payout ratio is presently 28.71%.

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.