Bridgeway Capital Management LLC Increases Position in Wells Fargo & Company $WFC

Bridgeway Capital Management LLC raised its stake in Wells Fargo & Company (NYSE:WFC) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 351,649 shares of the financial services provider’s stock after acquiring an additional 7,660 shares during the period. Wells Fargo & Company makes up 0.7% of Bridgeway Capital Management LLC’s portfolio, making the stock its 7th largest holding. Bridgeway Capital Management LLC’s holdings in Wells Fargo & Company were worth $32,774,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth $4,512,563,000. Capital Research Global Investors grew its stake in shares of Wells Fargo & Company by 4.9% in the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after buying an additional 1,760,484 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Wells Fargo & Company by 0.9% in the 4th quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after buying an additional 188,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Wells Fargo & Company by 13.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after buying an additional 2,369,260 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Wells Fargo & Company by 5.2% in the 4th quarter. Boston Partners now owns 9,606,215 shares of the financial services provider’s stock worth $895,466,000 after buying an additional 477,745 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Key Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo raised its year-end 2026 S&P 500 target to 7,950 from 7,300, citing stronger corporate earnings, easing macro risks after the interim U.S.-Iran agreement, and improved investor sentiment. Article: S&P 500 Price Target Boosted to 7,950 by Wells Fargo Following U.S.-Iran Deal
• Positive Sentiment: Market reports showed WFC gaining after a positive trading session, indicating investors were buying into the bank’s improving sentiment and outlook. Article: Wells Fargo (WFC) Rises As Market Takes a Dip: Key Facts
• Positive Sentiment: Wells Fargo Investment Institute released a midyear outlook emphasizing discipline amid volatility, reinforcing the bank’s visibility in market strategy and investor guidance. Article: Wells Fargo Investment Institute: When Every Headline Shouts, Discipline Matters Most
• Neutral Sentiment: Wells Fargo also lifted its S&P 500 target in a separate market commentary piece, which supports a more upbeat macro backdrop but does not directly change WFC fundamentals. Article: Wells Fargo Raises S&P 500 Target to 7,950 on AI Boom
• Neutral Sentiment: Another report repeated that Wells Fargo’s S&P 500 target increase was driven by stronger earnings expectations, signaling a favorable macro call rather than a direct catalyst for the bank stock itself. Article: US Stock Market: Wells Fargo raises S&P 500 target on stronger earnings outlook, easing macro risks
• Neutral Sentiment: Analyst coverage of other companies, such as Carter’s and Microsoft, reflects active research from Wells Fargo but is not a direct driver of WFC shares. Article: Carter’s Shares Rise After Wells Fargo Lifts Rating and Target Price

Wall Street Analysts Forecast Growth

WFC has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, April 1st. Finally, Morgan Stanley dropped their price objective on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.24.

Wells Fargo & Company Price Performance

WFC stock opened at $83.88 on Thursday. Wells Fargo & Company has a 12 month low of $72.57 and a 12 month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $79.73 and a 200 day moving average price of $84.63. The stock has a market cap of $256.68 billion, a PE ratio of 12.94, a P/E/G ratio of 1.00 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion during the quarter, compared to analyst estimates of $21.85 billion. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

About Wells Fargo & Company

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.