Y Intercept Hong Kong Ltd raised its stake in shares of Wells Fargo & Company (NYSE:WFC) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,758 shares of the financial services provider’s stock after purchasing an additional 9,518 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Wells Fargo & Company were worth $13,435,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Wells Fargo & Company in the fourth quarter worth about $4,512,563,000. Capital Research Global Investors grew its holdings in Wells Fargo & Company by 18.6% during the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock valued at $2,989,104,000 after buying an additional 5,584,930 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in Wells Fargo & Company by 177.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after acquiring an additional 3,120,399 shares during the last quarter. Danske Bank A S bought a new stake in Wells Fargo & Company in the 3rd quarter worth approximately $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wells Fargo & Company by 13.0% during the 4th 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 worth $1,922,257,000 after acquiring an additional 2,369,260 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on WFC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Barclays reduced their price target on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial increased their price objective on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.34.
Key Stories Impacting Wells Fargo & Company
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Wells Fargo is expected to release Q2 earnings on July 14, with analysts looking for EPS of about $1.71 and revenue of $21.81 billion, setting up a potentially important catalyst for the stock. Article Title
- Positive Sentiment: Morgan Stanley raised its price target on Wells Fargo to $102 from $97 while keeping an Equal Weight rating, signaling improved valuation expectations. Article Title
- Positive Sentiment: Wells Fargo passed the Fed’s 2026 stress test and is planning a double-digit dividend increase, which supports the stock’s income appeal and may help attract yield-focused investors. Article Title
- Positive Sentiment: Several recent articles argue Wells Fargo could benefit from upcoming earnings, with bullish commentary centered on the stock looking inexpensive and having room to rerate if results surprise to the upside. Article Title
- Neutral Sentiment: Investor interest has increased, with Zacks noting Wells Fargo is being heavily searched as traders assess the next catalyst for the shares. Article Title
- Neutral Sentiment: Some coverage suggests Wells Fargo could receive a modest earnings lift from potential tariff refunds tied to a Supreme Court decision, though this is still uncertain and not yet reflected in prior estimates. Article Title
- Negative Sentiment: Analysts continue to flag that Wells Fargo has lagged peers because of lower returns on equity and falling net interest margins, which remain key concerns going into earnings. Article Title
Wells Fargo & Company Price Performance
Shares of Wells Fargo & Company stock opened at $85.49 on Friday. The stock has a market cap of $261.61 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.99 and a beta of 0.92. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $79.95 and a 200-day moving average price of $84.22. 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, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. The company had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.Wells Fargo & Company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. Equities analysts expect that Wells Fargo & Company will post 6.98 EPS for the current year.
Wells Fargo & Company Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.
Wells Fargo & 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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