Wells Fargo & Company $WFC is Sprucegrove Investment Management Ltd.’s 8th Largest Position

Posted by Stanley Muller on May 6th, 2026

Sprucegrove Investment Management Ltd. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 65.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 80,847 shares of the financial services provider’s stock after selling 150,157 shares during the quarter. Wells Fargo & Company comprises approximately 0.9% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 8th largest holding. Sprucegrove Investment Management Ltd.’s holdings in Wells Fargo & Company were worth $7,535,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WFC. Redmont Wealth Advisors LLC purchased a new stake in Wells Fargo & Company during the 3rd quarter worth $27,000. Marquette Asset Management LLC raised its position in Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Joseph Group Capital Management purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $28,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth about $30,000. Finally, Imprint Wealth LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth about $31,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. TD Cowen reduced their price target on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. The Goldman Sachs Group decreased their price target on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Wolfe Research reiterated an “outperform” rating and set a $109.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.53.

Read Our Latest Analysis on WFC

Insider Activity

In related news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the sale, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the sale, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. This represents a 26.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 115,000 shares of company stock worth $10,050,000. 0.14% of the stock is currently owned by insiders.

Wells Fargo & Company Stock Up 0.9%

Shares of Wells Fargo & Company stock opened at $79.88 on Wednesday. Wells Fargo & Company has a 1-year low of $71.89 and a 1-year high of $97.76. The company has a market capitalization of $244.45 billion, a PE ratio of 12.33, a P/E/G ratio of 0.93 and a beta of 0.96. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day moving average of $80.67 and a 200-day moving average of $86.16.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The business had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Wells Fargo & Company will post 6.82 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is presently 27.78%.

About Wells Fargo & Company

(Free Report)

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.