Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Makes New $8.21 Million Investment in Wells Fargo & Company $WFC

Posted by Brian Himes on Oct 20th, 2026

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in Wells Fargo & Company (NYSE:WFC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 102,503 shares of the financial services provider’s stock, valued at approximately $8,205,000. Wells Fargo & Company comprises 2.0% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds have also modified their holdings of the business. Capstone Financial Advisors Inc. boosted its position in Wells Fargo & Company by 3.5% during the second quarter. Capstone Financial Advisors Inc. now owns 3,354 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 113 shares during the last quarter. MFA Wealth Services grew its stake in Wells Fargo & Company by 0.7% during the 2nd quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 115 shares in the last quarter. Hidden Cove Wealth Management LLC grew its stake in Wells Fargo & Company by 1.8% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 124 shares in the last quarter. Essex Bank raised its holdings in Wells Fargo & Company by 0.8% in the 1st quarter. Essex Bank now owns 16,173 shares of the financial services provider’s stock valued at $1,288,000 after acquiring an additional 125 shares during the last quarter. Finally, Five Oceans Advisors raised its holdings in Wells Fargo & Company by 3.6% in the 2nd quarter. Five Oceans Advisors now owns 3,625 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 125 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on WFC shares. Bank of America raised their target price on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods lowered their target price on Wells Fargo & Company from $94.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. HSBC started coverage on Wells Fargo & Company in a research report on Monday, September 28th. They issued a “buy” rating and a $108.00 price target for the company. Truist Financial increased their price target on Wells Fargo & Company from $94.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Finally, Robert W. Baird increased their price target on Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.08.

Check Out Our Latest Stock Report on Wells Fargo & Company

Wells Fargo & Company Price Performance

Shares of WFC stock opened at $81.80 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.89 and a quick ratio of 0.90. The company has a market capitalization of $247.36 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96. The firm’s 50-day moving average is $85.14 and its two-hundred day moving average is $83.36. Wells Fargo & Company has a 12 month low of $72.78 and a 12 month high of $97.76.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.02. The business had revenue of $21.87 billion during the quarter, compared to analysts’ expectations of $22.30 billion. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.66 EPS. Analysts predict that Wells Fargo & Company will post 7.28 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were issued a $0.50 dividend. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 7th. Wells Fargo & Company’s payout ratio is currently 28.21%.

Wells Fargo & 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.