Wells Fargo & Company $WFC Stock Position Boosted by Kentucky Retirement Systems

Kentucky Retirement Systems raised its stake in shares of Wells Fargo & Company (NYSE:WFC) by 95.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,760 shares of the financial services provider’s stock after buying an additional 193,280 shares during the period. Wells Fargo & Company makes up 1.1% of Kentucky Retirement Systems’ portfolio, making the stock its 16th biggest position. Kentucky Retirement Systems’ holdings in Wells Fargo & Company were worth $31,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $4,512,563,000. Capital Research Global Investors boosted its stake in Wells Fargo & Company by 4.9% during the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock valued at $3,487,687,000 after purchasing an additional 1,760,484 shares in the last quarter. Legal & General Group Plc increased its position in shares of Wells Fargo & Company by 0.9% during the 4th quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock valued at $1,975,600,000 after purchasing an additional 188,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Wells Fargo & Company by 13.0% in the 4th 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 buying an additional 2,369,260 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Wells Fargo & Company by 73.0% in the first quarter. Amundi now owns 16,463,550 shares of the financial services provider’s stock valued at $1,310,663,000 after buying an additional 6,944,316 shares during the period. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Price Performance

NYSE WFC opened at $84.05 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a market cap of $257.22 billion, a PE ratio of 12.22, a PEG ratio of 0.95 and a beta of 0.92. The stock’s 50-day moving average price is $83.38 and its two-hundred day moving average price is $83.22.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.50 per share. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 26.16%.

Analyst Ratings Changes

WFC has been the topic of several research reports. Barclays dropped their price target on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. UBS Group cut their target price on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Morgan Stanley raised their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods decreased their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 15th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.61.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo’s board approved an 11% increase in its quarterly dividend to $0.50 per share, payable September 1 to shareholders of record on August 7. The annualized payout implies a yield of approximately 2.4% and signals continued confidence in the company’s capital-return capacity. Wells Fargo & Company Increases Common Stock Dividend
• Positive Sentiment: JPMorgan raised its price target for WFC from $93.50 to $95.50, indicating meaningful potential appreciation from the referenced share price. The higher target reflects a somewhat improved valuation outlook, even though the bank retained a Neutral rating. JPMorgan Raises Wells Fargo Price Target
• Neutral Sentiment: Wells Fargo analysts raised Snowflake’s price target to $500, citing stronger customer spending and the potential for AI agents to accelerate growth. This could support Wells Fargo’s investment-banking and research franchise, but it has no immediate direct effect on WFC’s earnings.
• Neutral Sentiment: Wall Street commentary remains cautiously optimistic toward Wells Fargo, while noting that the stock has lagged the broader market over the past year. The mixed assessment suggests investors may want clearer evidence of stronger operating momentum before assigning a higher multiple. Do Wall Street Analysts Like Wells Fargo Stock?
• Negative Sentiment: JPMorgan’s Neutral rating tempers the bullish effect of its target increase, indicating the analyst sees limited conviction in near-term outperformance. Broader market caution ahead of Federal Reserve developments may also be contributing to weakness in financial stocks.

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.