Pictet Asset Management Holding SA lowered its stake in Wells Fargo & Company (NYSE:WFC) by 5.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,561,328 shares of the financial services provider’s stock after selling 93,919 shares during the period. Pictet Asset Management Holding SA’s holdings in Wells Fargo & Company were worth $124,241,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $4,512,563,000. Capital Research Global Investors lifted its stake in Wells Fargo & Company by 4.9% in the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock valued at $3,487,687,000 after acquiring an additional 1,760,484 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Wells Fargo & Company by 0.9% during the 4th quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after acquiring an additional 188,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wells Fargo & Company by 13.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after purchasing an additional 2,369,260 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Wells Fargo & Company by 5.2% in the fourth quarter. Boston Partners now owns 9,606,215 shares of the financial services provider’s stock valued at $895,466,000 after purchasing an additional 477,745 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.
Wells Fargo & Company Trading Up 0.0%
NYSE WFC opened at $83.87 on Monday. Wells Fargo & Company has a 12 month low of $72.78 and a 12 month high of $97.76. 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 stock has a 50 day moving average of $79.72 and a 200-day moving average of $84.41. The company has a market cap of $256.66 billion, a PE ratio of 12.94, a PEG ratio of 0.96 and a beta of 0.93.
Wells Fargo & Company Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is 27.78%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group lowered their price target on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Truist Financial boosted their price target on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley reduced their price objective on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group started coverage on Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price objective for the company. Two equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.24.
View Our Latest Analysis on WFC
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.
Wells Fargo & Company 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.
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