48,418,055 Shares in Wells Fargo & Company $WFC Acquired by Norges Bank

Norges Bank bought a new position in shares of Wells Fargo & Company (NYSE:WFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 48,418,055 shares of the financial services provider’s stock, valued at approximately $4,512,563,000. Wells Fargo & Company accounts for approximately 0.5% of Norges Bank’s holdings, making the stock its 29th largest holding.

Several other hedge funds have also added to or reduced their stakes in WFC. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $25,000. Navalign LLC acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC acquired a new stake in Wells Fargo & Company during the 3rd quarter worth approximately $27,000. Joseph Group Capital Management acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $28,000. Finally, Imprint Wealth LLC acquired a new stake in Wells Fargo & Company during the 3rd quarter worth approximately $31,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo signaled strong Q2 fee-income growth, with mid-teen investment banking and markets gains plus higher wealth management revenue expected to support results. Wells Fargo Signals Strong Q2 Fee Income Growth at Bernstein Conference
• Positive Sentiment: CEO Charlie Scharf also said Wells Fargo expects investment banking and trading revenue to rise by mid-teen percentages in Q2, reinforcing the view that fee businesses are improving. Wells Fargo CEO sees mid-teens growth in investment banking, trading 2026-05-27
• Neutral Sentiment: Wells Fargo’s Bernstein conference transcript mainly provided more detail on management’s outlook and did not add a major new catalyst beyond the stronger fee-income message. Wells Fargo & Company (WFC) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Broader market commentary showed Goldman Sachs expects record-level M&A activity in 2026, which is constructive for bank deal-making, but this was an industry-wide note rather than a Wells Fargo-specific announcement. GS Expects Record Global M&A in 2026: Will This Boost Its IB Business?
• Negative Sentiment: Some recent commentary remains cautious on Wells Fargo’s upside, with one analysis arguing the bank keeps improving but that the stock’s near-term upside looks limited. Wells Fargo Keeps Improving, But The Upside Looks Weak
• Negative Sentiment: Wells Fargo has also been warning that small-cap market strength may not be sustainable, citing weakening earnings estimates and higher debt levels, which reflects a more cautious macro view. Small-cap stocks are rallying, but here’s why Wells Fargo says its better to sell than buy

Wall Street Analysts Forecast Growth

Several research firms recently commented on WFC. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.53.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $77.46 on Friday. The company has a fifty day moving average of $79.06 and a 200-day moving average of $84.91. The firm has a market capitalization of $237.05 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.90 and a beta of 0.96. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a twelve month low of $71.93 and a twelve month high of $97.76.

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

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 8th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. Wells Fargo & Company’s payout ratio is currently 27.78%.

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.