Wells Fargo & Company $WFC Shares Sold by Severin Investments LLC

Severin Investments LLC reduced its stake in shares of Wells Fargo & Company (NYSE:WFC) by 55.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,692 shares of the financial services provider’s stock after selling 8,403 shares during the period. Severin Investments LLC’s holdings in Wells Fargo & Company were worth $533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $4,512,563,000. Capital Research Global Investors grew its position in Wells Fargo & Company by 4.9% during the fourth quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after buying an additional 1,760,484 shares during the period. Legal & General Group Plc increased its holdings in Wells Fargo & Company by 0.9% in the fourth quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock valued at $1,975,600,000 after buying an additional 188,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Wells Fargo & Company by 13.0% in the fourth 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 in the last quarter. Finally, Boston Partners lifted its position 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 valued at $895,466,000 after acquiring an additional 477,745 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 1.0%

WFC stock opened at $82.66 on Wednesday. The company’s 50 day simple moving average is $79.79 and its 200-day simple moving average is $84.32. The firm has a market capitalization of $252.95 billion, a PE ratio of 12.76, a P/E/G ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a 12 month low of $72.78 and a 12 month high of $97.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping 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 business had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same period last year, the company posted $1.39 EPS. The company’s revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Wells Fargo & Company will post 6.99 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were given 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 2.2%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo said it plans an 11% dividend increase and ongoing share repurchases after passing the 2026 Federal Reserve stress test, reinforcing confidence in its capital strength and supporting the case for more cash returned to investors. Article Title
• Positive Sentiment: Wells Fargo also issued a bullish market view, telling investors to get ready for a summer rally and arguing that recent volatility was likely temporary, which may have helped sentiment around the bank and its outlook for trading and investment banking activity. Article Title
• Positive Sentiment: Broader bank-news coverage noted that large U.S. banks passing the Fed stress tests are rewarding shareholders with higher dividends and buybacks, which can lift expectations for Wells Fargo’s own capital return trajectory. Article Title
• Neutral Sentiment: Wells Fargo was also mentioned in unrelated coverage about AMD, Nextpower, Bloom Energy, and other companies, but those stories do not appear to have a direct fundamental impact on WFC. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays decreased their price target on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods dropped their price objective on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. Piper Sandler reaffirmed 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Finally, HSBC raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus target price of $98.34.

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.