Wells Fargo & Company $WFC Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,540,269 shares of the financial services provider’s stock after selling 29,723 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Wells Fargo & Company were worth $143,553,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Saxon Interests Inc. lifted its position in shares of Wells Fargo & Company by 7.7% during the 4th quarter. Saxon Interests Inc. now owns 4,506 shares of the financial services provider’s stock valued at $420,000 after acquiring an additional 321 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Wells Fargo & Company by 11.7% in the 4th quarter. Vontobel Holding Ltd. now owns 129,024 shares of the financial services provider’s stock worth $12,025,000 after acquiring an additional 13,509 shares during the last quarter. First National Bank of Omaha grew its holdings in shares of Wells Fargo & Company by 25.4% in the 4th quarter. First National Bank of Omaha now owns 94,411 shares of the financial services provider’s stock worth $8,822,000 after acquiring an additional 19,105 shares during the last quarter. Boston Partners raised its position in shares of Wells Fargo & Company by 5.2% during the fourth quarter. Boston Partners now owns 9,606,215 shares of the financial services provider’s stock worth $895,466,000 after purchasing an additional 477,745 shares during the period. Finally, Peak Planning Group LLC acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth $757,000. Institutional investors own 75.90% of the company’s stock.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo highlighted its balance-sheet strategy and said it expects about $50 billion in net interest income for 2026, supported by loan and deposit trends. That reinforces the bank’s earnings outlook and may be helping sentiment on the stock. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Analysts and market commentary continue to point to WFC as an attractive dividend stock, which can support demand for the shares among income-focused investors. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo announced a $1 million donation to support skilled trades training and workforce development in Pennsylvania, a reputationally positive move that underscores its community investment efforts. Wells Fargo Pledges $1 Million Donation Toward Skilled Trades in Pennsylvania
• Neutral Sentiment: Wells Fargo is also being mentioned in connection with Tilly’s extending a credit agreement with the bank. This is more of a client-services headline than a direct stock-moving catalyst for WFC. Tilly’s Extends Credit Agreement Maturity with Wells Fargo
• Negative Sentiment: Wells Fargo was named in a DOJ subpoena related to Trump-era “debanking” claims, which adds regulatory overhang and could weigh on the stock if the probe broadens or creates legal costs. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report
• Neutral Sentiment: A video discussing summer food inflation referenced Wells Fargo’s Agri-Food Institute, but it appears more macroeconomic and consumer-focused than directly tied to WFC’s fundamentals. Best ways to barbecue on a budget this summer

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WFC. Truist Financial decreased their price target on Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. JPMorgan Chase & Co. reduced their price objective on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Barclays decreased their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Finally, Piper Sandler restated an “overweight” rating and set a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.53.

Wells Fargo & Company Trading Up 1.5%

Shares of NYSE WFC opened at $83.67 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a one year low of $71.93 and a one year high of $97.76. The business has a 50-day moving average price of $79.56 and a two-hundred day moving average price of $84.66. The firm has a market capitalization of $256.05 billion, a PE ratio of 12.91, a PEG ratio of 0.97 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, beating analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. As a group, analysts predict that Wells Fargo & Company will post 6.84 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were given a dividend of $0.45 per share. 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 presently 27.78%.

Wells Fargo & Company 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.