Wells Fargo & Company $WFC Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 49.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,037 shares of the financial services provider’s stock after selling 8,787 shares during the period. First Financial Bank Trust Division’s holdings in Wells Fargo & Company were worth $723,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WFC. Nemes Rush Group LLC purchased a new position in Wells Fargo & Company during the fourth quarter worth approximately $30,000. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at $28,000. Phillip James Consulting Co. purchased a new stake in shares of Wells Fargo & Company during the 1st quarter valued at $28,000. Dunhill Financial LLC acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth $30,000. Finally, Main Street Group LTD acquired a new stake in shares of Wells Fargo & Company during the 1st quarter worth $29,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company News Summary

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

• Positive Sentiment: S&P upgraded Wells Fargo’s long-term issuer credit rating to “A-” from “BBB+,” maintaining a stable outlook. The agency cited improvements in risk management, governance, profitability, operational oversight and client relationships. The upgrade reinforces the view that Wells Fargo has made meaningful progress since the Federal Reserve removed its asset cap in 2025, potentially improving funding access and supporting future balance-sheet growth. WFC’s Credit Rating Upgraded to A- by S&P, Outlook Remains Stable
• Positive Sentiment: Truist raised its WFC price target to $95 from $94 and reiterated a “Buy” rating. The revised target implies substantial potential upside from recent trading levels and provides additional support for the bullish case. Truist Raises Wells Fargo Price Target
• Positive Sentiment: The Federal Reserve’s planned overhaul of bank stress tests could reduce capital-requirement volatility. More predictable capital requirements would improve Wells Fargo’s financial planning and could increase flexibility around lending, capital returns and balance-sheet management. Fed Revamps Bank Stress Tests
• Neutral Sentiment: Wells Fargo expanded its mortgage-servicing relationship with ICE, a development that may strengthen its servicing platform, although the immediate earnings impact was not disclosed. Wells Fargo Expands Servicing Relationship With ICE
• Negative Sentiment: Wells Fargo warned that persistent inflation could keep interest rates elevated through 2027. Higher rates may support net interest income, but they can also weaken loan demand, pressure borrowers and increase credit risks. WFC remains below its 50-day and 200-day moving averages, indicating that technical momentum is still cautious.

Analyst Upgrades and Downgrades

WFC has been the topic of several research reports. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. UBS Group dropped their price target on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Morgan Stanley raised their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.92.

Wells Fargo & Company Stock Up 0.3%

Wells Fargo & Company stock traded up $0.24 during trading on Thursday, reaching $80.29. 16,378,913 shares of the company’s stock were exchanged, compared to its average volume of 16,041,455. The company’s 50-day moving average is $86.49 and its two-hundred day moving average is $82.97. 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 has a 52-week low of $72.78 and a 52-week high of $97.76. The firm has a market cap of $242.80 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.88 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.23. The firm had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. On average, analysts predict that Wells Fargo & Company will post 7.25 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 7th. Wells Fargo & Company’s payout ratio is 29.07%.

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.