272,055 Wells Fargo & Company $WFC Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by George Bondi on Nov 1st, 2026

Sumitomo Mitsui Trust Group Inc. cut its stake in Wells Fargo & Company (NYSE:WFC – Free Report) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,145,097 shares of the financial services provider’s stock after selling 272,055 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Wells Fargo & Company were worth $491,915,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WFC. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Wells Fargo & Company during the 2nd quarter worth $658,000. WINTON GROUP Ltd purchased a new position in shares of Wells Fargo & Company in the 2nd quarter worth about $16,259,000. Citizens Financial Group Inc. RI bought a new position in Wells Fargo & Company during the second quarter valued at about $25,922,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Wells Fargo & Company during the second quarter valued at about $1,116,000. Finally, Whalen Wealth Management Inc. bought a new position in Wells Fargo & Company during the second quarter valued at about $1,190,000. Institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WFC. JPMorgan Chase & Co. raised their price objective on shares of Wells Fargo & Company from $91.50 to $92.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley decreased their price target on shares of Wells Fargo & Company from $102.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Truist Financial lifted their price target on shares of Wells Fargo & Company from $94.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Bank of America lifted their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, UBS Group dropped their price objective on Wells Fargo & Company from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.11.

Get Our Latest Analysis on Wells Fargo & Company

Wells Fargo & Company Stock Down 1.7%

Shares of NYSE:WFC opened at $83.39 on Friday. The firm has a fifty day moving average price of $84.33 and a two-hundred day moving average price of $83.70. The company has a market cap of $250.32 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.89 and a beta of 0.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.89 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.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.02. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The firm had revenue of $21.87 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts anticipate that Wells Fargo & Company will post 7.27 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 6th. Wells Fargo & Company’s payout ratio is presently 28.21%.

Wells Fargo & Company Company Profile

(Free Report)

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and financial management services to individuals, businesses, and institutions. Its offerings include deposit accounts, residential and commercial lending, credit cards, payments, treasury management, and other banking products.

The company also provides wealth and investment management services, including financial planning, brokerage, advisory, and private banking solutions.