Swiss Life Asset Management Ltd Purchases 30,396 Shares of Wells Fargo & Company $WFC

Swiss Life Asset Management Ltd boosted its position in Wells Fargo & Company (NYSE:WFC) by 9.9% in the third quarter, Holdings Channel.com reports. The firm owned 336,399 shares of the financial services provider’s stock after purchasing an additional 30,396 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Wells Fargo & Company were worth $28,197,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Wells Fargo & Company during the second quarter worth about $3,990,551,000. Capital Research Global Investors raised its holdings in Wells Fargo & Company by 18.6% in the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock valued at $2,989,104,000 after buying an additional 5,584,930 shares during the last quarter. Legal & General Group Plc raised its holdings in Wells Fargo & Company by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 21,009,237 shares of the financial services provider’s stock valued at $1,760,994,000 after buying an additional 399,088 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Wells Fargo & Company by 7.4% during the 3rd 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 buying an additional 1,223,999 shares during the period. Finally, Amundi boosted its position in Wells Fargo & Company by 18.2% during the 2nd quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock worth $1,165,868,000 after buying an additional 2,180,693 shares during the period. 75.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WFC has been the subject of several recent research reports. HSBC restated a “hold” rating and issued a $74.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Wolfe Research reissued an “outperform” rating and issued a $109.00 price objective on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. UBS Group restated a “buy” rating and issued a $113.00 price objective on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Finally, Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and an average target price of $96.71.

Insider Transactions at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the transaction, the executive vice president directly owned 79,876 shares of the company’s stock, valued at $7,006,722.72. The trade was a 23.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the sale, the executive vice president owned 169,496 shares in the company, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 115,000 shares of company stock valued at $10,050,000. Corporate insiders own 0.08% of the company’s stock.

Wells Fargo & Company News Summary

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

• Positive Sentiment: FiNet recruiting wins bring ~$1.2B in client assets to Wells Fargo’s independent advice channel, supporting fee revenue growth and wealth-management momentum. Article Title
• Positive Sentiment: Wells Fargo launched a national Housing Affordability Breakthrough Challenge with $10M in grants — a reputational/ESG win that could improve community lending relationships and long-term franchise value. Article Title
• Neutral Sentiment: Wells Fargo designated a new Series GG preferred stock — a capital tool that increases flexibility for funding or regulatory capital management but does not immediately dilute common equity. Details remain limited. Article Title
• Neutral Sentiment: Filing for a potential stablecoin called “WFUSD” signals strategic intent in digital assets/payments — a possible future revenue avenue but with regulatory and execution risk. Article Title
• Neutral Sentiment: Former Wells Fargo executive is leading a new hotel credit strategy at EOS Investors — notable for executive mobility but only tangential to WFC’s fundamentals. Article Title
• Negative Sentiment: Truist lowered its WFC price target from $98 to $94 (while retaining a Buy rating), trimming upside expectations and likely pressuring near-term sentiment. Article Title
• Negative Sentiment: Analyst downgrades/target trims continue to appear (Evercore cut its PT earlier while keeping a Buy), which combined with broader bank-sector nerves is weighing on WFC multiple re-rating. Article Title
• Negative Sentiment: Sector-level weakness: reports flag rising private-credit worries that have pressured multiple bank stocks and are creating risk-off flows into regional and large-bank names alike. That backdrop is amplifying downward moves in WFC. Article Title

Wells Fargo & Company Trading Down 0.2%

NYSE:WFC opened at $76.11 on Thursday. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s fifty day moving average is $86.54 and its 200-day moving average is $86.37. The firm has a market cap of $234.86 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.83 and a beta of 1.08.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. Equities analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.71%.

About Wells Fargo & Company

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.