American Century Companies Inc. lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 3,253,865 shares of the financial services provider’s stock after selling 188,983 shares during the period. American Century Companies Inc.’s holdings in Wells Fargo & Company were worth $272,739,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Mosaic Family Wealth Partners LLC raised its holdings in shares of Wells Fargo & Company by 8.9% in the 3rd quarter. Mosaic Family Wealth Partners LLC now owns 5,737 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 469 shares during the last quarter. Power Wealth Management LLC boosted its stake in Wells Fargo & Company by 7.3% during the 3rd quarter. Power Wealth Management LLC now owns 4,325 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 294 shares during the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Wells Fargo & Company by 101.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 32,470 shares of the financial services provider’s stock worth $2,722,000 after purchasing an additional 16,350 shares in the last quarter. Erste Asset Management GmbH raised its stake in shares of Wells Fargo & Company by 133.6% in the third quarter. Erste Asset Management GmbH now owns 195,954 shares of the financial services provider’s stock worth $16,588,000 after purchasing an additional 112,055 shares during the last quarter. Finally, Andra AP fonden bought a new position in shares of Wells Fargo & Company in the third quarter valued at approximately $32,748,000. Institutional investors and hedge funds own 75.90% of the company’s stock.
Wall Street Analysts Forecast Growth
WFC has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and set a $113.00 price target on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a report on Thursday, January 15th. Wolfe Research reiterated an “outperform” rating and issued a $109.00 target price on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Freedom Capital lowered shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $97.03.
Key Headlines Impacting Wells Fargo & Company
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Analyst / internal commentary: Wells Fargo credit analyst Mike Mayo expressed confidence that the firm’s de‑risking in financials is supporting stronger credit trends—this is constructive for loan quality and loss provisions and can ease investor concerns about credit risk. Wells Fargo’s Mike Mayo feels good about de-risking in financials supporting stronger credit
- Neutral Sentiment: Macro/rate context: Coverage pieces on how further Fed rate cuts could affect Wells Fargo note mixed implications—lower rates can pressure net interest income but the stock also has moderately bullish analyst coverage and hedge‑fund interest. Monitor rate‑cut expectations and NII guidance for near‑term impact. What Do Further Rate Cuts Mean for Wells Fargo & Company (WFC)
- Negative Sentiment: Sector pressure: A broader article reports bank and brokerage stocks suffered one of their worst days in months as investors price in potential AI‑driven disruption and other headwinds—this broad negative sentiment toward financials likely amplified selling in WFC. Bank, Brokerage Stocks Suffer Their Worst Day in Months. Here’s Why.
- Negative Sentiment: Insider selling — EVP Bridget E. Engle sold 30,000 WFC shares at an average $87.10 (≈$2.61M); her post‑sale holding fell ~26% — large, disclosed insider sales can weigh on sentiment even if they’re for personal reasons. Bridget E. Engle Form 4
- Negative Sentiment: Insider selling — EVP Ellen R. Patterson sold 60,000 WFC shares at an average $87.40 (≈$5.24M); her post‑sale holding declined ~26% — another large, concurrent insider sale increases near‑term selling pressure and may trigger short‑term investor caution. Ellen R. Patterson Form 4
Insider Buying and Selling at Wells Fargo & Company
In other news, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the sale, the executive vice president owned 169,496 shares of the company’s stock, valued at $14,813,950.40. The trade was a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock valued at $10,050,000 over the last three months. 0.08% of the stock is currently owned by insiders.
Wells Fargo & Company Trading Down 5.8%
NYSE:WFC opened at $81.33 on Friday. Wells Fargo & Company has a 12 month low of $58.42 and a 12 month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05. The firm’s 50 day moving average is $90.72 and its 200 day moving average is $86.44. The stock has a market capitalization of $250.96 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.43 earnings per share. Sell-side analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.
Wells Fargo & Company Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.
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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