Wells Fargo & Company $WFC Shares Sold by State Farm Mutual Automobile Insurance Co.

Posted by Donald Scott on Jun 9th, 2026

State Farm Mutual Automobile Insurance Co. lowered its stake in Wells Fargo & Company (NYSE:WFC) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,889,976 shares of the financial services provider’s stock after selling 560,514 shares during the quarter. Wells Fargo & Company comprises about 2.9% of State Farm Mutual Automobile Insurance Co.’s portfolio, making the stock its 9th biggest holding. State Farm Mutual Automobile Insurance Co.’s holdings in Wells Fargo & Company were worth $3,717,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Marks Group Wealth Management Inc lifted its holdings in Wells Fargo & Company by 9.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 37,075 shares of the financial services provider’s stock worth $3,455,000 after purchasing an additional 3,149 shares during the period. Everett Harris & Co. CA lifted its holdings in Wells Fargo & Company by 0.7% in the fourth quarter. Everett Harris & Co. CA now owns 26,166 shares of the financial services provider’s stock worth $2,439,000 after purchasing an additional 185 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in Wells Fargo & Company in the fourth quarter worth about $40,000. Waddell & Associates LLC lifted its holdings in Wells Fargo & Company by 4.2% in the fourth quarter. Waddell & Associates LLC now owns 8,385 shares of the financial services provider’s stock worth $781,000 after purchasing an additional 335 shares during the period. Finally, Fox Run Management L.L.C. lifted its holdings in Wells Fargo & Company by 729.1% in the fourth quarter. Fox Run Management L.L.C. now owns 23,081 shares of the financial services provider’s stock worth $2,151,000 after purchasing an additional 20,297 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $80.95 on Tuesday. Wells Fargo & Company has a twelve month low of $71.93 and a twelve month high of $97.76. 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 has a market capitalization of $247.71 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.96 and a beta of 0.93. The firm has a 50-day moving average of $79.24 and a two-hundred day moving average of $84.69.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating 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 company had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the prior year, the company earned $1.39 EPS. Wells Fargo & Company’s revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that Wells Fargo & Company will post 6.84 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WFC shares. Wall Street Zen downgraded shares of Wells Fargo & Company from a “hold” rating to a “sell” rating in a report on Saturday. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. The Goldman Sachs Group cut their price target on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Keefe, Bruyette & Woods cut 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 analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.53.

View Our Latest Report on Wells Fargo & Company

Key Wells Fargo & Company News

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

Positive Sentiment: Wells Fargo is included in a planned tokenized deposit network with JPMorgan, Bank of America and Citigroup, a move that could help large banks compete with stablecoins and improve payments infrastructure by 2027. Big Banks Eye Tokenized Deposits as Stablecoin Competition Heats Up
Positive Sentiment: Analysts remain constructive on WFC, with Bank of America Securities reiterating a Buy rating and an unchanged $95 price target, citing attractive risk/reward. Wells Fargo: Buy Rating Reiterated as Analyst Sees Attractive Risk‑Reward with Unchanged $95 Price Target
Positive Sentiment: Some commentary says Wells Fargo looks more attractive as recession fears ease, which supports the bank’s earnings outlook and broader sector sentiment. Wells Fargo (WFC) Looks Attractive as Recession Fears Ease

Wells Fargo & Company Company Profile

(Free Report)

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.