Wells Fargo & Company $WFC Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. cut its position in Wells Fargo & Company (NYSE:WFC) by 25.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 855,864 shares of the financial services provider’s stock after selling 286,728 shares during the quarter. Cibc World Market Inc.’s holdings in Wells Fargo & Company were worth $71,739,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Wells Fargo & Company by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock worth $24,203,688,000 after buying an additional 1,341,222 shares in the last quarter. Norges Bank purchased a new stake in shares of Wells Fargo & Company during the second quarter worth about $3,990,551,000. Massachusetts Financial Services Co. MA increased its position in shares of Wells Fargo & Company by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider’s stock worth $1,496,998,000 after acquiring an additional 1,223,999 shares during the last quarter. Amundi lifted its stake in shares of Wells Fargo & Company by 18.2% in the second quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock worth $1,165,868,000 after acquiring an additional 2,180,693 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Wells Fargo & Company by 1.1% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,469,766 shares of the financial services provider’s stock worth $678,598,000 after acquiring an additional 88,358 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on WFC. Cfra Research upgraded Wells Fargo & Company to a “moderate buy” rating in a research note on Wednesday, October 15th. CICC Research assumed coverage on Wells Fargo & Company in a research note on Wednesday, January 14th. They set a “market perform” rating and a $96.00 target price for the company. Truist Financial decreased their price target on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research note on Monday. Finally, Dbs Bank raised shares of Wells Fargo & Company to a “moderate buy” rating in a report on Tuesday, October 21st. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.29.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: JPMorgan raised its price target on WFC to $99.50 (from $99.00) while keeping a “neutral” rating; the higher PT signals incremental upside but no change in conviction. Article Title
• Positive Sentiment: Analyst consensus remains favorable — brokerages’ average recommendation is “Moderate Buy,” supporting medium-term demand for the shares. Read More.
• Neutral Sentiment: Wells Fargo presented at the UBS Financial Services Conference — investor takeaways from the transcript will matter for guidance and capital plans, but the presentation alone produced no clear market-moving surprise. Read More.
• Neutral Sentiment: Research pieces evaluating Wells Fargo preferred stock and peer comparisons (Nomura) provide detail for fixed-income and comparative investors but are unlikely to drive large, immediate equity moves. Read More. — Read More.
• Neutral Sentiment: Wells Fargo research commentary on broader consumer trends (e.g., GLP‑1 driven shifts toward protein snacks) highlights the firm’s economic research visibility but is indirect for WFC equity performance. Read More.
• Negative Sentiment: A high-profile customer dispute — Wells Fargo refused to refund a $28K tax payment after a check was stolen — can amplify reputational and litigation concerns and may pressure sentiment among retail investors. Read More.

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $91.90 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $288.48 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The business has a 50 day simple moving average of $91.94 and a 200-day simple moving average of $85.82.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.43 earnings per share. As a group, equities research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

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.