Deltec Asset Management LLC Buys 6,200 Shares of Wells Fargo & Company $WFC

Deltec Asset Management LLC grew its stake in Wells Fargo & Company (NYSE:WFC) by 106.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,000 shares of the financial services provider’s stock after acquiring an additional 6,200 shares during the quarter. Deltec Asset Management LLC’s holdings in Wells Fargo & Company were worth $955,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Wells Fargo & Company in the fourth quarter worth about $4,512,563,000. Capital Research Global Investors boosted its holdings 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 valued at $3,487,687,000 after buying an additional 1,760,484 shares in the last quarter. Legal & General Group Plc grew its position 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 during the last quarter. Finally, Boston Partners raised its stake in shares of Wells Fargo & Company by 5.2% during the 4th quarter. Boston Partners now owns 9,606,215 shares of the financial services provider’s stock worth $895,466,000 after acquiring an additional 477,745 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Morgan Stanley raised its price target on Wells Fargo to $102 from $97, signaling room for further upside even after the recent bank-sector rally. Morgan Stanley Raises its Price Target on Wells Fargo (WFC)
• Positive Sentiment: Wells Fargo passed the Fed’s 2026 stress test and is expected to raise its dividend by about 11% while continuing share buybacks, reinforcing the bank’s capital-return story. Wells Fargo’s Robust Capital Return Strategy: What’s Driving It?
• Positive Sentiment: Another report said Wells Fargo and other large banks plan double-digit dividend increases after clearing the Fed stress test, which may attract income-focused investors. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (WFC)
• Neutral Sentiment: Media coverage has highlighted that investors are heavily searching Wells Fargo stock, reflecting rising attention ahead of results but not a clear fundamental catalyst. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Analysts say Wells Fargo still trails elite peers on return on equity and faces falling net interest margins, but earnings could change the narrative if lending volumes and profits surprise higher. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.
• Neutral Sentiment: Barron’s said the stock looks inexpensive ahead of earnings, suggesting valuation support rather than a direct near-term catalyst. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.

Wells Fargo & Company Price Performance

NYSE WFC opened at $85.93 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s fifty day moving average price is $79.87 and its 200 day moving average price is $84.27. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a market cap of $262.96 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.95 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, equities research analysts forecast that Wells Fargo & Company will post 6.98 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were given 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 payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WFC shares. Truist Financial increased their target price on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, June 26th. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, April 1st. Piper Sandler reiterated an “overweight” rating and set a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Morgan Stanley raised their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and an average target price of $98.34.

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.