Wells Fargo & Company $WFC Shares Purchased by DNB Asset Management AS

DNB Asset Management AS boosted its position in Wells Fargo & Company (NYSE:WFC) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 625,733 shares of the financial services provider’s stock after buying an additional 15,786 shares during the period. DNB Asset Management AS’s holdings in Wells Fargo & Company were worth $52,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hilton Capital Management LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $3,656,000. Mawer Investment Management Ltd. purchased a new stake in Wells Fargo & Company during the third quarter worth $147,165,000. AlphaQuest LLC grew its position in Wells Fargo & Company by 1,121.0% during the third quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 22,107 shares during the period. Guerra Advisors Inc grew its position in Wells Fargo & Company by 43.2% during the third quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider’s stock valued at $3,222,000 after buying an additional 11,594 shares during the period. Finally, UMB Bank n.a. increased its holdings in Wells Fargo & Company by 52.7% in the third quarter. UMB Bank n.a. now owns 138,862 shares of the financial services provider’s stock valued at $11,639,000 after buying an additional 47,946 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

More Wells Fargo & Company News

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

• Positive Sentiment: Hedge funds and analyst sentiment remain constructive — WFC is listed among top banking picks and coverage is moderately bullish (roughly half the analysts rate it Buy), which supports investor demand. What Do Further Rate Cuts Mean for Wells Fargo & Company (WFC)
• Positive Sentiment: Short interest fell sharply in February (down ~16.7% to ~26.7M shares, ~0.8% of float), reducing potential short-covering volatility and downward pressure on the stock. (Short-interest ratio ≈ 1.7 days.)
• Positive Sentiment: Management change in business banking — Wells Fargo named Devine to lead Business Banking, a move that could help execution in a key revenue segment. Wells Fargo Names Devine to Lead Business Banking
• Neutral Sentiment: Wells Fargo will fully redeem its Series BB preferred shares (140,400 shares) in mid‑March — a small-capital-structure change that removes a preferred tranche but uses cash; net impact on common equity depends on funding and capital priorities. Full Redemption of Series BB Preferred Stock
• Neutral Sentiment: Wells Fargo research activity (analyst notes and sector coverage) is active — the firm is publishing rate/price updates on other companies and issuing sector views that can influence institutional flows but are indirect to WFC’s fundamentals. Wells Fargo Raises Aflac Target, Revises Outlook
• Neutral Sentiment: Broader demographic tailwinds (rising U.S. investable assets, wealth transfer) are positive for long-term deposit/investment flows but are not an immediate catalyst. Women’s wealth is expected to boom
• Negative Sentiment: Wells Fargo has underperformed the Nasdaq over the past year, a performance gap that can deter momentum investors and ETFs that favor stronger relative performers. Is Wells Fargo Stock Underperforming the Nasdaq?
• Negative Sentiment: Competitor pressure: HSBC recently leapfrogged Wells Fargo by market cap after an upbeat report, highlighting competitive and perception risks for WFC among global banks. HSBC leapfrogs Wells Fargo by market cap
• Negative Sentiment: Relative upside debate vs. peers — some analysts argue Bank of America may offer stronger earnings/IB momentum and valuation upside, which could shift investor allocation away from WFC. Bank of America or Wells Fargo: Which Big Bank Offers More Upside?

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $86.29 on Friday. The company has a market cap of $266.26 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.95 and a beta of 1.09. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The company’s 50-day moving average price is $90.96 and its 200-day moving average price is $86.37. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 28.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HSBC reissued a “hold” rating and set a $74.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Truist Financial lowered their price target on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. UBS Group restated a “buy” rating and issued a $113.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research note on Friday, February 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.03.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

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.