Wells Fargo & Company $WFC Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,926,855 shares of the financial services provider’s stock after selling 3,251,105 shares during the quarter. Primecap Management Co. CA owned approximately 0.48% of Wells Fargo & Company worth $1,251,169,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Catalyst Financial Partners LLC raised its holdings in Wells Fargo & Company by 2.0% during the third quarter. Catalyst Financial Partners LLC now owns 12,607 shares of the financial services provider’s stock worth $1,057,000 after purchasing an additional 242 shares in the last quarter. RWA Wealth Partners LLC boosted its holdings in shares of Wells Fargo & Company by 5.7% in the 3rd quarter. RWA Wealth Partners LLC now owns 26,886 shares of the financial services provider’s stock valued at $2,254,000 after buying an additional 1,455 shares in the last quarter. Waddell & Associates LLC grew its position in shares of Wells Fargo & Company by 6.3% in the 3rd quarter. Waddell & Associates LLC now owns 8,050 shares of the financial services provider’s stock valued at $675,000 after buying an additional 479 shares during the last quarter. Zhang Financial LLC acquired a new stake in Wells Fargo & Company during the 3rd quarter worth $209,000. Finally, TD Asset Management Inc raised its stake in Wells Fargo & Company by 0.5% during the 3rd quarter. TD Asset Management Inc now owns 1,334,866 shares of the financial services provider’s stock worth $111,888,000 after acquiring an additional 6,978 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WFC. Truist Financial decreased their price objective on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of Wells Fargo & Company in a report on Thursday, January 15th. Freedom Capital downgraded Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. TD Cowen cut their price target on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, January 15th. Finally, Argus boosted their price objective on Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.03.

Insider Buying and Selling

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the completion of the transaction, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. This represents a 23.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Sharp drop in short interest — Short interest fell ~16.7% in February to ~26.7M shares (about 0.8% of float), lowering potential downward pressure and reducing a short-squeeze risk; shorter days-to-cover (1.7) supports cleaner buy-side momentum.
• Positive Sentiment: Leadership hire for business banking — Wells Fargo named Devine to lead Business Banking, signaling focus on commercial growth and execution that can support loan and fee revenue expansion. Wells Fargo Names Devine to Lead Business Banking
• Positive Sentiment: Broker commentary and price action pickup — Market coverage noting the stock’s intraday strength draws attention and can reinforce momentum among investors. Wells Fargo (WFC) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Full redemption of Series BB preferred stock — WFC will redeem all outstanding Series BB preferred shares in mid-March; this removes a small class of perpetual preferred shares (and related dividends) but uses cash and modestly alters capital structure. Wells Fargo & Company Announces Full Redemption of its Series-BB Preferred Stock
• Neutral Sentiment: Analyst activity and thematic calls — Wells Fargo analysts remain active (e.g., on Ticketmaster parent), which keeps the firm visible in research flows but is not a direct WFC fundamental change. Ticketmaster antitrust risks are easing, making its parent company’s stock a buy, says Wells Fargo
• Negative Sentiment: Relative underperformance vs. benchmarks — Coverage points out WFC has lagged the Nasdaq over the past year, a potential concern for momentum investors and a reason some funds may underweight the stock. Is Wells Fargo Stock Underperforming the Nasdaq?
• Negative Sentiment: Peer moves and market-cap ranking — HSBC beating and raising guidance highlights competitive pressure in global banking and briefly pushed HSBC ahead of Wells Fargo by market cap, a reminder of relative performance risks. HSBC reports a beat and a raise as it leapfrogs Wells Fargo by market cap

Wells Fargo & Company Stock Up 2.4%

WFC opened at $86.63 on Thursday. The business has a 50 day moving average price of $91.06 and a two-hundred day moving average price of $86.37. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The company has a market cap of $271.94 billion, a PE ratio of 13.82, a P/E/G ratio of 0.92 and a beta of 1.09. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76.

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, beating the consensus estimate of $1.66 by $0.10. The company had revenue of $21.29 billion for the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. As a group, research analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 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.