Royal Fund Management LLC Sells 14,188 Shares of Wells Fargo & Company $WFC

Royal Fund Management LLC cut its holdings in Wells Fargo & Company (NYSE:WFC) by 50.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,848 shares of the financial services provider’s stock after selling 14,188 shares during the period. Royal Fund Management LLC’s holdings in Wells Fargo & Company were worth $1,189,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Kentucky Retirement Systems boosted its holdings in Wells Fargo & Company by 95.5% in the 1st quarter. Kentucky Retirement Systems now owns 395,760 shares of the financial services provider’s stock valued at $31,506,000 after purchasing an additional 193,280 shares during the period. Janus Henderson Group PLC raised its position in shares of Wells Fargo & Company by 2.5% in the first quarter. Janus Henderson Group PLC now owns 407,543 shares of the financial services provider’s stock valued at $32,439,000 after buying an additional 9,898 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Wells Fargo & Company by 1.4% in the first quarter. Centaurus Financial Inc. now owns 56,341 shares of the financial services provider’s stock valued at $4,485,000 after buying an additional 759 shares in the last quarter. Oddo BHF Asset Management Sas boosted its stake in shares of Wells Fargo & Company by 2.8% in the first quarter. Oddo BHF Asset Management Sas now owns 63,231 shares of the financial services provider’s stock valued at $5,034,000 after buying an additional 1,733 shares during the period. Finally, Bull Harbor Capital LLC bought a new stake in shares of Wells Fargo & Company in the first quarter valued at approximately $323,000. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Stock Up 1.8%

Shares of WFC opened at $85.39 on Friday. The firm has a 50 day simple moving average of $83.57 and a two-hundred day simple moving average of $83.14. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The company has a market cap of $258.21 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.91 and a beta of 0.92.

Wells Fargo & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.50 per share. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Wells Fargo & Company’s payout ratio is presently 26.16%.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo raised its quarterly dividend to $0.50 per share from $0.45, an 11.1% increase. The dividend implies an annualized payout of $2.00 per share and a yield of approximately 2.4%, potentially improving the stock’s appeal to income-focused investors. The ex-dividend date is August 7, with payment scheduled for September 1. Wells Fargo dividend announcement
• Positive Sentiment: JPMorgan raised its price target for WFC from $93.50 to $95.50, indicating meaningful potential upside from recent trading levels. Although JPMorgan maintained a “neutral” rating, the higher target reflects improved valuation expectations. JPMorgan raises Wells Fargo price target
• Positive Sentiment: Strong second-quarter results from major U.S. banks, driven by trading, lending, and investment-banking activity, are supporting sentiment across financial stocks and may reinforce expectations for solid operating trends at Wells Fargo. Big banks deliver strong second-quarter results
• Neutral Sentiment: Wells Fargo analysts remain active in the market, including a Buy reiteration on Waystar after strong results and a guidance increase. This highlights the firm’s research visibility but has no direct earnings impact on WFC. Wells Fargo analyst reiterates Waystar Buy rating
• Negative Sentiment: WFC recently underperformed its banking peers and has lagged the broader market over the past year, signaling that investors remain cautious despite the dividend increase and higher price target. Wells Fargo underperforms competitors

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WFC shares. Truist Financial raised their price objective on Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Piper Sandler reissued an “overweight” rating and set a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Finally, Phillip Securities raised Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.61.

About Wells Fargo & Company

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.