Strs Ohio Has $137.35 Million Stock Position in Wells Fargo & Company $WFC

Strs Ohio lowered its position in Wells Fargo & Company (NYSE:WFC) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,473,662 shares of the financial services provider’s stock after selling 84,385 shares during the quarter. Wells Fargo & Company accounts for about 0.5% of Strs Ohio’s holdings, making the stock its 28th largest position. Strs Ohio’s holdings in Wells Fargo & Company were worth $137,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WFC. Brighton Jones LLC lifted its position in shares of Wells Fargo & Company by 62.3% in the 4th quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock worth $4,652,000 after acquiring an additional 25,436 shares during the period. Jump Financial LLC lifted its position in shares of Wells Fargo & Company by 12.9% in the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider’s stock worth $1,835,000 after acquiring an additional 2,615 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of Wells Fargo & Company by 111.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider’s stock worth $1,122,000 after acquiring an additional 7,368 shares during the period. Vivaldi Capital Management LP lifted its position in shares of Wells Fargo & Company by 5.4% in the 2nd quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 165 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in shares of Wells Fargo & Company by 51.2% in the 2nd quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider’s stock worth $2,044,000 after acquiring an additional 8,714 shares during the period. Institutional investors own 75.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WFC. UBS Group reiterated a “buy” rating and issued a $113.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Evercore reiterated an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Barclays reduced their price objective on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Finally, CICC Research started coverage on Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 target price for the company. One investment analyst has 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 MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.53.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction on 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 completion of the transaction, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. The trade was a 23.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the sale, the executive vice president owned 83,478 shares of the company’s stock, valued at approximately $7,270,933.80. The trade was a 26.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 115,000 shares of company stock worth $10,050,000. 0.14% of the stock is currently owned by insiders.

Wells Fargo & Company Trading Down 1.6%

Shares of WFC opened at $80.90 on Friday. The stock has a fifty day moving average price of $80.85 and a two-hundred day moving average price of $86.14. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a 52-week low of $71.89 and a 52-week high of $97.76. The company has a market cap of $247.56 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.97 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts predict that Wells Fargo & Company will post 6.82 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Shareholders approved the board slate, executive pay and the auditor at the April 28 annual meeting, reducing governance uncertainty that has weighed on WFC in prior years. Wells Fargo Shareholders Back Board, Pay and Auditor
• Positive Sentiment: Wells Fargo is partnering with Mastercard to improve B2B card payments — a strategic product initiative that could help grow fee income and commercial card penetration over time. Mastercard and Wells Fargo Target the Friction Slowing B2B Cards
• Neutral Sentiment: Wells Fargo analysts remain active on other names (e.g., reiterating a Buy on Hinge Health), a sign the bank’s research franchise is operating normally but with limited direct impact on WFC’s share price. Analyst Reiterates Buy on Hinge Health
• Neutral Sentiment: Wells Fargo’s research has influenced other coverage (for example, an upgrade at OGE noted Wells Fargo’s inputs) — informative for reputation but not a direct stock driver for WFC. OGE Stock Raised To $47 As Analysts See New Momentum Building
• Negative Sentiment: JPMorgan cut its price target on WFC from $91 to $86.50 and moved to a “neutral” rating — an analyst downgrade/call that can pressure the stock by reducing upside expectations and prompting some investors to trim positions. JPMorgan Lowers Price Target on Wells Fargo
• Negative Sentiment: Media narratives question whether large banks will lose ground to fintech — a thematic risk that can weigh on valuation multiples for incumbents like WFC if investors rotate into fintech growth stories. Should You Forget Big Banks and Bet on Fintech Instead?
• Negative Sentiment: Ongoing concerns about banks’ exposure to private credit are front‑and‑center; any material exposure or stress in that sector could create credit‑loss risk for WFC and keep sentiment muted. Here’s How Much Exposure JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup Have to Private Credit
• Negative Sentiment: WFC’s CEO offered a blunt take on the U.S. economy in recent comments, which may reinforce cautious investor views on loan growth and credit quality if macro concerns persist. Wells Fargo CEO puts blunt label on U.S. economy

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.