Wells Fargo & Company $WFC Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in shares of Wells Fargo & Company (NYSE:WFC) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,524 shares of the financial services provider’s stock after selling 14,380 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Wells Fargo & Company were worth $4,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $4,512,563,000. Capital Research Global Investors lifted its holdings in shares of Wells Fargo & Company by 18.6% during the third quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after purchasing an additional 5,584,930 shares during the period. Mawer Investment Management Ltd. lifted its holdings in shares of Wells Fargo & Company by 177.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after purchasing an additional 3,120,399 shares during the period. Danske Bank A S purchased a new position in Wells Fargo & Company in the 3rd quarter valued at $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 valued at $1,922,257,000 after buying an additional 2,369,260 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Down 0.3%

WFC stock opened at $87.15 on Wednesday. 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’s 50-day moving average price is $80.34 and its 200 day moving average price is $84.10. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company has a market cap of $266.69 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.01 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.39 EPS. On average, research analysts expect that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company 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 of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 2.1%. Wells Fargo & Company’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WFC. Bank of America upped their price objective on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and issued a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Morgan Stanley increased their price target on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Finally, Barclays dropped their target price on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.34.

Key Wells Fargo & Company News

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

• Positive Sentiment: Bank of America raised its price target on Wells Fargo to $102 and reiterated a buy rating, signaling confidence in upside potential for the shares.
• Positive Sentiment: UBS also nudged its price target higher to $104 while keeping a buy rating, reinforcing Wall Street’s constructive view on the bank.
• Positive Sentiment: Wells Fargo Advisors recruited a $1.7 billion advisory team from RBC Capital Markets, a move that could add assets, client relationships, and fee revenue. Wells Fargo Recruits $1.7 Billion Advisor Team From RBC Capital Markets
• Positive Sentiment: Analysts expect Wells Fargo’s second-quarter earnings to show growth, and broader financial-sector strength into earnings season is supporting the group. Financials Stocks Are Charging Into Q2 Earnings. Why Wall Street Sees More Gains Ahead
• Neutral Sentiment: Wells Fargo confirmed it will report second-quarter 2026 earnings on July 14, keeping investors focused on the upcoming results. Wells Fargo to Announce Second Quarter 2026 Earnings on July 14, 2026
• Negative Sentiment: Some reports said banks are exploring a way to work around debit-card fee limits and may consider buying Fiserv’s debit network; while potentially beneficial for banks, the news is also tied to pressure on payment-network economics and could create regulatory scrutiny. Banks seek work-around on debit card fee limits

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.