Bank of New York Mellon Corp Trims Holdings in Wells Fargo & Company $WFC

Bank of New York Mellon Corp lowered its position in Wells Fargo & Company (NYSE:WFC) by 1.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,956,199 shares of the financial services provider’s stock after selling 262,356 shares during the period. Bank of New York Mellon Corp’s holdings in Wells Fargo & Company were worth $1,505,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Access Investment Management LLC purchased a new position in shares of Wells Fargo & Company during the second quarter worth $25,000. McElhenny Sheffield Capital Management LLC acquired a new stake in Wells Fargo & Company during the 2nd quarter worth about $27,000. Marquette Asset Management LLC raised its stake in shares of 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 buying an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company in the 3rd quarter valued at about $30,000. Finally, Kilter Group LLC purchased a new stake in shares of Wells Fargo & Company in the second quarter worth about $31,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $88.71 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. The company has a fifty day moving average of $90.52 and a two-hundred day moving average of $85.10. The stock has a market capitalization of $278.47 billion, a PE ratio of 14.15, a P/E/G ratio of 0.96 and a beta of 1.09. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.10. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. As a group, research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s payout ratio is 28.71%.

Analyst Ratings Changes

Several brokerages recently weighed in on WFC. Wolfe Research reiterated an “outperform” rating and set a $109.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of Wells Fargo & Company in a report on Thursday, January 15th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. TD Cowen dropped their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Finally, Argus upped their price objective on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.87.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Board approved a quarterly common dividend of $0.45 per share (payable Mar. 1; record Feb. 6) — strengthens cash return to shareholders and supports yield-sensitive demand for the stock. Wells Fargo & Company Announces Common Stock Dividend
• Positive Sentiment: Appointed Faraz Shafiq (former AWS executive) as Head of AI Products & Solutions — a strategic hire that signals commitment to AI-driven product development, operational efficiency and competitive differentiation in banking. Wells Fargo Appoints AWS Exec Faraz Shafiq as Head of AI Products and Solutions
• Positive Sentiment: Joined Lockheed Martin, PG&E and Salesforce in EMBERPOINT™, an AI-powered wildfire prevention/response venture — showcases partnership capability, ESG engagement, and potential for product/service contracts with utilities and governments. Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America’s Wildfire Prevention, Detection and Response
• Neutral Sentiment: Industry context: major banks are investing heavily in generative AI — supports Wells Fargo’s AI hires but is a sector-wide trend rather than a unique catalyst. From JPMorgan to Wells Fargo, here’s how the biggest banks on Wall Street are using AI
• Neutral Sentiment: Wells Fargo research activity (coverage changes on energy and tech names) is notable for market color but doesn’t directly move WFC fundamentals. Magnolia Oil raised, Matador Resources cut at Wells Fargo amid uncertain oil macro
• Negative Sentiment: Analyst scrutiny persists after Q4: a small TD Cowen price-target trim and commentary on a top-line miss keep some investors cautious about sustainable revenue growth. Why Analysts Are Closely Watching Wells Fargo & Company (WFC)
• Negative Sentiment: Media commentary (Jim Cramer) highlighting earlier share weakness and consumer/payments-related scrutiny may add short-term selling pressure for some investors. Jim Cramer Discusses Wells Fargo (WFC) & Trump Credit Card Cap

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.