Danica Pension Livsforsikringsaktieselskab bought a new stake in Wells Fargo & Company (NYSE:WFC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 201,378 shares of the financial services provider’s stock, valued at approximately $16,032,000.
Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased 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 valued at $4,652,000 after purchasing an additional 25,436 shares during the last quarter. Jump Financial LLC lifted its position in shares of Wells Fargo & Company by 12.9% during the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider’s stock worth $1,835,000 after purchasing an additional 2,615 shares during the last quarter. Main Street Financial Solutions LLC lifted its position in shares of Wells Fargo & Company by 111.0% during 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 purchasing an additional 7,368 shares during the last quarter. Vivaldi Capital Management LP lifted its position in shares of Wells Fargo & Company by 5.4% during the 2nd quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 165 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in shares of Wells Fargo & Company by 51.2% during the second quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider’s stock worth $2,044,000 after purchasing an additional 8,714 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.
More Wells Fargo & Company News
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Wells Fargo announced plans to raise its dividend by 11% to $0.50 per share after the Federal Reserve’s stress test showed its capital levels remained comfortably above regulatory requirements, a sign of financial strength and room for more capital returns. This High-Yield Bank Stock Just Raised Its Dividend by 11%
- Positive Sentiment: Its latest earnings call highlighted a 25% jump in EPS, with revenue growth and efficiency gains improving across multiple business lines, suggesting the bank’s turnaround is gaining traction. Wells Fargo (WFC) Q2 2026 Earnings Call Transcript
- Positive Sentiment: Commentary from Jim Cramer and broader sector-rotation views favor banks over volatile tech stocks, which can draw investor money toward Wells Fargo and other financial names. Jim Cramer Says Stop Betting on Volatile Tech Stocks and Buy These “Boring” Sectors Instead
- Positive Sentiment: Reports that banks are turning treasury and payments platforms into growth engines point to stronger fee-based revenue opportunities for Wells Fargo beyond traditional lending. Banks Turn Treasury Platforms Into Growth Engines
- Neutral Sentiment: Capital One’s strong results and improving consumer credit trends add to the positive tone for banks overall, but do not directly change Wells Fargo’s outlook. Capital One Earnings Offer Positive Signs on Consumer Health
- Negative Sentiment: Some analyst commentary after Wells Fargo’s earnings included a price target cut, which could temper enthusiasm even as the stock remains supported by improving fundamentals. Jim Cramer Explains Why Wells Fargo Stock “Was a Steal” Despite a Price Target Cut
Wells Fargo & Company Trading Up 1.5%
Wells Fargo & Company Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were given a $0.45 dividend. 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 2.1%. Wells Fargo & Company’s payout ratio is 26.16%.
Analyst Ratings Changes
Several research firms recently commented on WFC. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Truist Financial lifted their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a research report on Wednesday, April 15th. Bank of America increased their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, UBS Group dropped their price objective on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Two research analysts have 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.50.
Get Our Latest Analysis on WFC
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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