Bank of New York Mellon Corp Decreases Stock Holdings in Wells Fargo & Company $WFC

Posted by Stanley Muller on Jul 16th, 2026

Bank of New York Mellon Corp trimmed its position in shares of Wells Fargo & Company (NYSE:WFC) by 4.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 16,974,915 shares of the financial services provider’s stock after selling 782,146 shares during the quarter. Bank of New York Mellon Corp’s holdings in Wells Fargo & Company were worth $1,351,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Godfrey Financial Associates Inc. bought a new stake in shares of Wells Fargo & Company in the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. bought a new position in Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC purchased a new stake in Wells Fargo & Company in the fourth quarter worth about $26,000. Joseph Group Capital Management purchased a new stake in Wells Fargo & Company in the fourth quarter worth about $28,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $29,000. Institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

WFC has been the subject of several research reports. UBS Group decreased their target price on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. The Goldman Sachs Group decreased their price objective 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. Raymond James Financial reissued a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, April 1st. Finally, Jefferies Financial Group initiated coverage on shares of Wells Fargo & Company in a research note on Thursday, March 26th. They issued a “buy” rating and a $100.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.50.

Check Out Our Latest Analysis on WFC

Wells Fargo & Company Price Performance

WFC opened at $87.42 on Thursday. The firm has a market cap of $267.52 billion, a PE ratio of 12.71, a P/E/G ratio of 0.98 and a beta of 0.92. The stock has a 50-day moving average price of $81.03 and a 200-day moving average price of $83.79. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 EPS 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 the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. Wells Fargo & Company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. Sell-side analysts predict that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

Positive Sentiment: Wells Fargo posted Q2 EPS of about $2.00, topping estimates, while revenue of $22.62 billion also beat forecasts, reinforcing the earnings momentum. Wells Fargo & Co (WFC) Q2 2026 Earnings Call Highlights: Strong Earnings and Revenue Growth …
Positive Sentiment: Results were helped by rising interest income, loan growth, fee income, and stronger performance in investment banking and wealth management, all of which support a better earnings outlook. Wells Fargo Profit Beats Estimates on Wealth, Investment Banking
Positive Sentiment: The company plans to raise its third-quarter common dividend by 11% to $0.50 and continue buybacks, signaling confidence in capital strength and shareholder returns. Wells Fargo intends to hike Q3 common stock dividend by 11% to $0.50
Positive Sentiment: Analysts turned more constructive, with at least one firm reiterating a Buy rating and another upgrade citing NII growth, loan growth, and buybacks as reasons for re-rating potential. Wells Fargo: Buy Rating Reiterated as Analyst Sees Re-Rating Potential and Keeps $102 Price Target Unchanged
Neutral Sentiment: Wells Fargo is expanding its Chicago presence with more branches, a long-term growth move that may help deposits and customer acquisition but is unlikely to move the stock immediately. Wells Fargo & Co. strengthening foothold in Chicago with more branches
Neutral Sentiment: Keefe, Bruyette & Woods trimmed its price target to $94 from $98 while keeping a Market Perform rating, which tempers some of the post-earnings enthusiasm. Benzinga report on Wells Fargo price target cut
Negative Sentiment: Management acknowledged pressure on net interest margin, indicating that earnings growth may not be linear even with strong loan and fee trends. WFC Q2 Earnings Call Highlights Growth Push Amid NIM Pressure

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.