UniSuper Management Pty Ltd Acquires 7,820 Shares of Wells Fargo & Company $WFC

UniSuper Management Pty Ltd grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,427,647 shares of the financial services provider’s stock after buying an additional 7,820 shares during the period. Wells Fargo & Company accounts for approximately 0.8% of UniSuper Management Pty Ltd’s holdings, making the stock its 20th biggest position. UniSuper Management Pty Ltd’s holdings in Wells Fargo & Company were worth $133,057,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new stake in shares of Wells Fargo & Company during the 4th quarter valued at $25,000. Navalign LLC bought a new stake in shares of Wells Fargo & Company during the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company during the 3rd quarter valued at $27,000. Joseph Group Capital Management bought a new stake in shares of Wells Fargo & Company during the 4th quarter valued at $28,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth about $29,000. 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: Management reiterated a roughly $50 billion 2026 net interest income target and signaled stronger second-quarter NII, which suggests earnings momentum could improve if loan and deposit trends hold. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Wells Fargo continues to attract attention as a dividend stock, reinforcing its appeal for income-focused investors and supporting the valuation case. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, a modest sign of franchise growth in wealth management. Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Neutral Sentiment: The company also received more supportive coverage around a $1.2 million community grant, which highlights capital-allocation and community-impact efforts but is unlikely to materially move the stock. Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Negative Sentiment: Headlines that the DOJ subpoenaed Wells Fargo in a widening debanking probe add regulatory overhang and could pressure sentiment until there is more clarity. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $82.45 on Friday. Wells Fargo & Company has a fifty-two week low of $71.93 and a fifty-two week high of $97.76. The business has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $84.67. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $252.32 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results 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 return on equity of 13.27% and a net margin of 17.26%.The business had revenue of $11.62 billion during the quarter, compared to analyst estimates of $21.85 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. Wells Fargo & Company’s revenue was up 6.4% on a year-over-year basis. On average, analysts expect that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s payout ratio is 27.78%.

Analyst Ratings Changes

WFC has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. KGI Securities downgraded shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen downgraded shares of Wells Fargo & Company from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Robert W. Baird raised shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective on the stock in a research report on Friday, February 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $97.53.

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.