PICTET BANK & TRUST Ltd increased its position in shares of Wells Fargo & Company (NYSE:WFC – Free Report) by 36.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,848 shares of the financial services provider’s stock after acquiring an additional 7,479 shares during the quarter. Wells Fargo & Company accounts for about 2.5% of PICTET BANK & TRUST Ltd’s holdings, making the stock its 13th largest position. PICTET BANK & TRUST Ltd’s holdings in Wells Fargo & Company were worth $2,301,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nilsine Partners LLC grew its position in Wells Fargo & Company by 175.0% during the 2nd quarter. Nilsine Partners LLC now owns 30,323 shares of the financial services provider’s stock worth $2,506,000 after purchasing an additional 19,295 shares in the last quarter. Naples Global Advisors LLC grew its holdings in shares of Wells Fargo & Company by 7.8% during the second quarter. Naples Global Advisors LLC now owns 6,889 shares of the financial services provider’s stock valued at $569,000 after buying an additional 501 shares in the last quarter. Sivia Capital Partners LLC raised its position in Wells Fargo & Company by 538.2% during the second quarter. Sivia Capital Partners LLC now owns 23,544 shares of the financial services provider’s stock valued at $1,946,000 after buying an additional 19,855 shares during the period. Crewe Advisors LLC lifted its stake in Wells Fargo & Company by 10.1% in the 2nd quarter. Crewe Advisors LLC now owns 3,918 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 360 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its stake in Wells Fargo & Company by 11.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 27,376 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 2,705 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.
Wall Street Analysts Forecast Growth
WFC has been the topic of several research analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Keefe, Bruyette & Woods decreased their target price on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research note on Wednesday, July 15th. Finally, Morgan Stanley upped their price target on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.
Wells Fargo & Company Stock Down 1.7%
WFC stock opened at $85.92 on Thursday. The firm has a market cap of $259.81 billion, a PE ratio of 12.49, a PEG ratio of 0.95 and a beta of 0.92. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a fifty day simple moving average of $86.05 and a 200 day simple moving average of $83.01. 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 (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. The firm had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. Sell-side analysts anticipate that Wells Fargo & Company will post 7.26 EPS for the current fiscal year.
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 given a $0.50 dividend. This is a positive change 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 2.3%. The ex-dividend date of this dividend is Friday, August 7th. Wells Fargo & Company’s payout ratio is 29.07%.
Key Headlines Impacting Wells Fargo & Company
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Wells Fargo still appears attractively valued. A recent analysis said the stock trades below its estimated fair value, while its dividend profile and exposure to a rotation into financial stocks could provide support. However, the bank’s 126.5% three-year total return means investors may be questioning how much future improvement is already reflected in the share price. Wells Fargo Stock Looks Cheap on Fair Value but Full on Earnings
- Positive Sentiment: Dividend-focused coverage described Wells Fargo as a potentially appealing income investment, which may attract investors seeking bank dividends. This is supportive for the long-term investment case, although the article does not identify a new dividend increase or other immediate catalyst. Wells Fargo Could Be a Great Choice
- Neutral Sentiment: Wells Fargo established a new Series HH preferred stock through a certificate of designation. The move may support capital-raising and funding flexibility, but the announcement provides limited information about the size, terms, or near-term effect on common shareholders. Wells Fargo Establishes New Series HH Preferred Stock
- Negative Sentiment: Wells Fargo lagged Bank of America and especially BNY Mellon in 2026, highlighting weaker relative investor performance and potentially prompting portfolio rotation away from WFC. Which Big Bank Stock Has Dominated in 2026
- Negative Sentiment: One market review noted that WFC declined even as market conditions improved, suggesting stock-specific profit-taking or investor concern about valuation and earnings expectations. The company’s latest reported quarter was strong, so the selling appears more related to expectations than an earnings miss. Wells Fargo Stock Declines While Market Improves
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.
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