BTC Capital Management Inc. Acquires 7,041 Shares of Wells Fargo & Company $WFC

BTC Capital Management Inc. boosted its holdings in Wells Fargo & Company (NYSE:WFC) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,089 shares of the financial services provider’s stock after buying an additional 7,041 shares during the quarter. BTC Capital Management Inc.’s holdings in Wells Fargo & Company were worth $12,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Wells Fargo & Company by 44.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 90,705 shares of the financial services provider’s stock worth $7,221,000 after acquiring an additional 27,763 shares during the last quarter. OP Asset Management Ltd bought a new stake in shares of Wells Fargo & Company during the 1st quarter valued at approximately $25,905,000. Banque Cantonale Vaudoise grew its holdings in shares of Wells Fargo & Company by 9.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 102,987 shares of the financial services provider’s stock valued at $8,198,000 after purchasing an additional 9,169 shares during the last quarter. Keudell Morrison Wealth Management increased its position in Wells Fargo & Company by 7.9% during the 1st quarter. Keudell Morrison Wealth Management now owns 12,113 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 886 shares in the last quarter. Finally, Weaver Capital Management LLC increased its position in Wells Fargo & Company by 4.3% during the 1st quarter. Weaver Capital Management LLC now owns 9,961 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WFC shares. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. Barclays decreased their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Jefferies Financial Group started coverage on Wells Fargo & Company in a research note on Thursday, March 26th. They issued a “buy” rating and a $100.00 price target for the company. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. Finally, Morgan Stanley cut their price objective on Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

Wells Fargo & Company Stock Up 0.2%

NYSE:WFC opened at $84.28 on Thursday. The firm’s 50 day simple moving average is $79.59 and its 200 day simple moving average is $84.49. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The company has a market cap of $257.90 billion, a PE ratio of 13.01, a P/E/G ratio of 0.99 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping 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 firm had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Wells Fargo & Company will post 6.86 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

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

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to lift its third-quarter dividend by 11% to $0.50 per share, a signal of confidence in capital strength and shareholder returns. Article Title
• Positive Sentiment: News that several large banks, including Wells Fargo, are planning dividend increases and stock buybacks supports sentiment around the banking sector and reinforces expectations for capital return to shareholders. Article Title

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.