MFA Wealth Services Acquires Shares of 16,597 Wells Fargo & Company $WFC

MFA Wealth Services bought a new stake in Wells Fargo & Company (NYSE:WFC) in the 1st quarter, Holdings Channel.com reports. The fund bought 16,597 shares of the financial services provider’s stock, valued at approximately $1,321,000. Wells Fargo & Company makes up 0.9% of MFA Wealth Services’ investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in WFC. Godfrey Financial Associates Inc. bought a new position in Wells Fargo & Company in the fourth quarter valued at about $25,000. Miller Capital Partners Inc. acquired a new stake in Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC bought a new stake in Wells Fargo & Company during the 4th quarter worth about $26,000. Joseph Group Capital Management bought a new stake in Wells Fargo & Company during the 4th quarter worth about $28,000. Finally, Core Wealth Advisors LLC acquired a new position in Wells Fargo & Company during the 4th quarter valued at about $29,000. Institutional investors own 75.90% of the company’s stock.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to raise its quarterly dividend by 11% to $0.50 per share, pending board approval. That signals confidence in the bank’s capital strength and can support investor sentiment. Wells Fargo Completes 2026 Stress Test and Intends to Raise Dividend by 11% to $0.50
• Positive Sentiment: Truist Financial raised its price target on Wells Fargo to $94 from $90 and kept a Buy rating, implying further upside from current levels. Wells Fargo & Company had its price target raised by Truist Financial Corporation
• Positive Sentiment: Analyst previews ahead of Wells Fargo’s upcoming quarterly results suggest modest double-digit profit growth, which could reinforce the bank’s earnings momentum if delivered. Wells Fargo’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: Wells Fargo also flagged improved Anthropic coding performance, a small but constructive sign that its AI checks are seeing more autonomous execution from the startup. Wells Fargo Flags Anthropic Coding Improvement
• Neutral Sentiment: Broader bank news showed multiple large lenders passing the Fed stress test and planning dividend hikes and buybacks, which is supportive for the sector but not unique to Wells Fargo.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WFC. Keefe, Bruyette & Woods lowered their price target on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Jefferies Financial Group started coverage on shares of Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price objective on the stock. KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Truist Financial lifted their target price on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.24.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $83.87 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $256.66 billion, a P/E ratio of 12.94, a PEG ratio of 0.96 and a beta of 0.93. The business has a 50-day moving average of $79.72 and a 200-day moving average of $84.45. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The business had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period last year, the company posted $1.39 EPS. Wells Fargo & Company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Wells Fargo & Company will post 6.99 EPS for the current year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is presently 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.