Saxon Interests Inc. Has $913,000 Stock Holdings in Wells Fargo & Company $WFC

Saxon Interests Inc. boosted its position in shares of Wells Fargo & Company (NYSE:WFC) by 154.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,469 shares of the financial services provider’s stock after purchasing an additional 6,963 shares during the period. Saxon Interests Inc.’s holdings in Wells Fargo & Company were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $4,512,563,000. Capital Research Global Investors increased its holdings in Wells Fargo & Company by 18.6% in 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 buying an additional 5,584,930 shares during the last quarter. Mawer Investment Management Ltd. raised its position in 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 valued at $454,455,000 after acquiring an additional 3,120,399 shares in the last quarter. Danske Bank A S acquired a new stake in Wells Fargo & Company in the third quarter valued at approximately $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 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 worth $1,922,257,000 after acquiring an additional 2,369,260 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Bank of America increased their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Wednesday, April 1st. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley boosted their price target on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.34.

More 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 Price Performance

Shares of Wells Fargo & Company 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 firm has a fifty day simple moving average of $80.34 and a 200-day simple moving average of $84.10. The stock has a market capitalization of $266.69 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.01 and a beta of 0.92. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The firm had revenue of $11.62 billion for 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 business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. On average, sell-side analysts expect that Wells Fargo & Company will post 6.98 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company’s payout ratio is presently 27.78%.

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.