Allspring Global Investments Holdings LLC Purchases 196,747 Shares of Wells Fargo & Company $WFC

Allspring Global Investments Holdings LLC increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 60.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 523,749 shares of the financial services provider’s stock after acquiring an additional 196,747 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Wells Fargo & Company were worth $49,861,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WFC. Redmont Wealth Advisors LLC acquired a new stake in Wells Fargo & Company in the third quarter worth about $27,000. Marquette Asset Management LLC lifted its position in Wells Fargo & Company by 472.4% during the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in shares of Wells Fargo & Company in the 3rd quarter valued at about $30,000. Kilter Group LLC acquired a new stake in shares of Wells Fargo & Company during the 2nd quarter worth approximately $31,000. Finally, Imprint Wealth LLC acquired a new stake in shares of Wells Fargo & Company during the 3rd quarter worth approximately $31,000. Institutional investors own 75.90% of the company’s stock.

Key Wells Fargo & Company News

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

• Positive Sentiment: HSBC upgraded WFC from “hold” to “buy” with a $94 price target, creating fresh buy-side momentum and an implied upside to current levels. HSBC Upgrade
• Positive Sentiment: Broker consensus remains constructive — WFC reportedly has an average rating around “Moderate Buy,” which supports continued investor interest in the shares. Brokerage Consensus
• Neutral Sentiment: Market commentary from Wells Fargo’s CEO argues Main Street economic indicators are resilient despite geopolitical noise, which can reassure investors that the bank’s underlying fundamentals may hold up. CEO Comments
• Neutral Sentiment: Analyst and market pieces are flagging WFC’s upcoming quarterly report as a near-term catalyst — expectations and the question of whether WFC will beat consensus will likely drive short-term moves. Earnings Preview
• Negative Sentiment: Morgan Stanley trimmed its price target to $100 and set an “equal weight” rating, which can cap upside and introduces some conflicting analyst views into the tape. Morgan Stanley Target Cut
• Negative Sentiment: Wells Fargo’s own equity research cut the 2026 S&P 500 target (to 7,300) citing the U.S.-Iran war and weaker tax receipts — a more cautious macro outlook that increases downside risk for bank shares if geopolitical/headline risk persists. S&P 500 Forecast Cut

Insiders Place Their Bets

In other Wells Fargo & Company news, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the completion of the sale, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. This represents a 26.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the sale, the executive vice president directly owned 79,876 shares in the company, valued at approximately $7,006,722.72. This represents a 23.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 115,000 shares of company stock worth $10,050,000. Corporate insiders own 0.08% of the company’s stock.

Wells Fargo & Company Stock Up 1.3%

Shares of NYSE:WFC opened at $80.62 on Thursday. The company has a 50 day moving average price of $84.09 and a two-hundred day moving average price of $86.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $248.75 billion, a PE ratio of 12.86, a PEG ratio of 0.85 and a beta of 1.06. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $21.63 billion. During the same period last year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday. Truist Financial cut their price target on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Robert W. Baird upgraded Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a research report on Friday, February 13th. Finally, CICC Research assumed coverage on Wells Fargo & Company in a research note on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.13.

Wells Fargo & Company 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.