Wells Fargo & Company (NYSE:WFC) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Wells Fargo & Company NYSE: WFC. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Wells Fargo & Company stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Wells Fargo & Company Stock Up 1.0 %

Shares of WFC traded up $0.65 on Thursday, hitting $64.63. 18,924,354 shares of the stock traded hands, compared to its average volume of 17,616,426. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50. The company has a market capitalization of $211.02 billion, a PE ratio of 12.01, a P/E/G ratio of 1.18 and a beta of 1.02. The business has a 50 day simple moving average of $71.82 and a 200 day simple moving average of $70.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.15 billion during the quarter, compared to analysts' expectations of $20.82 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company's revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company's payout ratio is 28.73%.

Hedge Funds Weigh In On Wells Fargo & Company

Large investors have recently made changes to their positions in the business. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Wells Fargo & Company by 1.7% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 30,891 shares of the financial services provider's stock valued at $2,218,000 after purchasing an additional 504 shares during the last quarter. Consilium Wealth Advisory LLC boosted its stake in Wells Fargo & Company by 3.2% during the first quarter. Consilium Wealth Advisory LLC now owns 176,425 shares of the financial services provider's stock valued at $12,666,000 after buying an additional 5,407 shares during the last quarter. Vivid Wealth Management LLC grew its holdings in Wells Fargo & Company by 1.2% during the 1st quarter. Vivid Wealth Management LLC now owns 17,110 shares of the financial services provider's stock valued at $1,228,000 after buying an additional 198 shares in the last quarter. Inscription Capital LLC bought a new stake in Wells Fargo & Company in the 1st quarter worth approximately $387,000. Finally, QRG Capital Management Inc. raised its holdings in shares of Wells Fargo & Company by 5.6% during the 1st quarter. QRG Capital Management Inc. now owns 815,384 shares of the financial services provider's stock worth $58,536,000 after acquiring an additional 43,092 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, April 7th. Keefe, Bruyette & Woods boosted their target price on shares of Wells Fargo & Company from $81.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Royal Bank of Canada raised Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Thursday, March 13th. Piper Sandler cut their price objective on Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating for the company in a report on Monday. Finally, Bank of America lowered their target price on Wells Fargo & Company from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of "Moderate Buy" and a consensus price target of $75.34.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.