Highview Capital Management LLC DE Takes Position in Wells Fargo & Company $WFC

Highview Capital Management LLC DE acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,191 shares of the financial services provider’s stock, valued at approximately $1,975,000.

Other large investors also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company during the third quarter worth $27,000. Marquette Asset Management LLC increased its position in shares of Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company during the third quarter worth $30,000. Imprint Wealth LLC bought a new stake in shares of Wells Fargo & Company during the third quarter worth $31,000. Finally, Aventus Investment Advisors Inc. bought a new stake in shares of Wells Fargo & Company during the third quarter worth $37,000. Institutional investors own 75.90% of the company’s stock.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were 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 in the company, valued at $14,813,950.40. The trade was a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the completion of the transaction, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. This represents a 23.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 over the last ninety days. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WFC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. The Goldman Sachs Group cut their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. TD Cowen cut their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Finally, UBS Group reissued a “buy” rating and issued a $113.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus price target of $97.75.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Institutional/angel endorsement — WFC was listed among “12 High Dividend Stocks” picked by billionaire Ray Dalio, which can attract income-focused investors and support demand for the shares. Is Wells Fargo & Company (WFC) Among the 12 High Dividend Stocks Picked by Billionaire Ray Dalio?
• Positive Sentiment: Management signaling a supportive rate backdrop — CEO Charlie Scharf said the U.S. economy is “extremely strong” and warned against cutting interest rates prematurely given geopolitical uncertainty; longer-higher rates generally widen bank net interest margins, a positive for WFC earnings. Wells Fargo CEO says reducing interest rates before seeing end to Iran conflict would be a mistake
• Neutral Sentiment: Price-target trim but rating held — Morgan Stanley lowered its WFC price target slightly (from $100 to $97) while keeping an Equal Weight rating; this is a modest signal that expectations were nudged but not a full bearish re-rate. Is Wells Fargo & Company (WFC) Among the 12 High Dividend Stocks Picked by Billionaire Ray Dalio?
• Neutral Sentiment: Firm research/newsflow unrelated to core bank operations — Wells Fargo research views (e.g., a provocative gold forecast) and its analyst commentary on other stocks (like Sandisk) are informational but don’t directly change WFC’s fundamentals. Wells Fargo says gold could nearly double to $8,000 an ounce — even after its worst monthly drop in a decade
• Negative Sentiment: Analyst downgrade and lower target — KGI Securities downgraded WFC to Hold from Outperform and set an $88 target, reflecting more cautious near-term sentiment following the quarterly results; downgrades can weigh on momentum and investor sentiment. Wells Fargo & Company (WFC) Gets Downgraded to Hold by KGI Securities
• Negative Sentiment: Loss of a fintech lending relationship — Reporting notes that Wells told fintech Bilt it would no longer serve as lender for Bilt’s credit card, a sign of selective fintech partnering and potential lost growth avenues in consumer card origination. Private Credit’s Consumer Debt Holdings Jump $150 Billion Since 2019

Wells Fargo & Company Price Performance

Shares of WFC opened at $81.95 on Tuesday. The company has a market cap of $252.88 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.95 and a beta of 1.06. Wells Fargo & Company has a 1-year low of $63.40 and a 1-year high of $97.76. The company’s fifty day simple moving average is $81.98 and its 200 day simple moving average is $86.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The business had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 earnings per share. On average, research analysts forecast that Wells Fargo & Company will post 6.87 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 27.78%.

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.