Wells Fargo & Company $WFC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in Wells Fargo & Company (NYSE:WFC) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 587,039 shares of the financial services provider’s stock after selling 21,648 shares during the quarter. Wells Fargo & Company accounts for about 0.5% of State of Alaska Department of Revenue’s portfolio, making the stock its 25th largest holding. State of Alaska Department of Revenue’s holdings in Wells Fargo & Company were worth $49,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Wells Fargo & Company by 2,735,254.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider’s stock valued at $76,095,550,000 after acquiring an additional 949,735,001 shares during the period. Vanguard Group Inc. increased its holdings in shares of Wells Fargo & Company by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock valued at $24,203,688,000 after purchasing an additional 1,341,222 shares in the last quarter. Norges Bank purchased a new position in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $3,990,551,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Wells Fargo & Company by 54.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,635,681 shares of the financial services provider’s stock valued at $1,332,851,000 after purchasing an additional 5,894,747 shares during the period. Finally, Amundi lifted its stake in shares of Wells Fargo & Company by 18.2% in the 2nd quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock valued at $1,165,868,000 after purchasing an additional 2,180,693 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

More Wells Fargo & Company News

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

• Positive Sentiment: TD Cowen raised its price target on WFC to $102 (still a “hold”), signaling modest upside and helping lift sentiment; this follows other Cowen commentary framing upside for the stock. TD Cowen price-target note
• Positive Sentiment: TD Cowen and other bullish takes highlighted potential price appreciation for WFC, keeping the stock on investors’ buy/hold radars. TD Cowen forecast
• Positive Sentiment: A Seeking Alpha preview upgraded the narrative on WFC—calling the rerating largely complete and raising an implied target to $110, emphasizing that consistent execution and fee-growth could justify a higher multiple. Seeking Alpha preview
• Positive Sentiment: Zacks and other pieces note Wells Fargo’s strong history of earnings surprises and expectations for continued earnings growth ahead of the upcoming print, supporting a constructive near-term outlook. Zacks earnings-beat note
• Neutral Sentiment: Wells Fargo confirmed its Q4 2025 earnings release date for Jan. 14 — a key catalyst that could drive intraday volatility around the print. Earnings date release
• Neutral Sentiment: Wells Fargo research teams remain active — publishing sector notes (AI-driven software picks, ideas on Walmart and Nucor) and macro calls such as an expected December CPI bounce; these underscore franchise research revenue but are indirect drivers of WFC equity performance. Wells Fargo research (AI/software)
• Negative Sentiment: Robert W. Baird cut WFC to “Strong Sell” and reiterated an Underperform view in separate notes, increasing downside risk and creating near-term pressure from investors who follow Baird’s guidance. Baird strong-sell cut
• Negative Sentiment: Market reports highlighted a recent sharper-than-market intraday dip in WFC shares, reflecting short-term volatility and sensitivity to analyst headlines and macro updates. Zacks on recent dip

Wells Fargo & Company Trading Up 1.4%

Shares of Wells Fargo & Company stock opened at $95.64 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The firm has a market capitalization of $300.22 billion, a PE ratio of 15.73, a P/E/G ratio of 0.86 and a beta of 1.09. The firm’s 50-day moving average price is $89.56 and its 200 day moving average price is $84.27.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.55 by $0.18. The company had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.11 billion. Wells Fargo & Company had a return on equity of 12.51% and a net margin of 17.18%.Wells Fargo & Company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 EPS. On average, sell-side analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a $0.45 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.9%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.61%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Wells Fargo & Company from $95.00 to $97.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Cfra Research raised shares of Wells Fargo & Company to a “moderate buy” rating in a research note on Wednesday, October 15th. Barclays raised their target price on Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America upped their price target on Wells Fargo & Company from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, 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. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Wells Fargo & Company has a consensus rating of “Hold” and a consensus target price of $93.91.

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.