Erste Asset Management GmbH Raises Position in Wells Fargo & Company $WFC

Erste Asset Management GmbH lifted its position in shares of Wells Fargo & Company (NYSE:WFC) by 133.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,954 shares of the financial services provider’s stock after acquiring an additional 112,055 shares during the quarter. Erste Asset Management GmbH’s holdings in Wells Fargo & Company were worth $16,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Access Investment Management LLC purchased a new position in shares of Wells Fargo & Company during the 2nd quarter worth approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in Wells Fargo & Company in the third quarter worth $27,000. Marquette Asset Management LLC raised its position in Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Wells Fargo & Company in the third quarter valued at $30,000. Finally, Kilter Group LLC purchased a new stake in shares of Wells Fargo & Company during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Insider Activity at Wells Fargo & Company

In other news, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the transaction, the executive vice president owned 169,496 shares of the company’s stock, valued at $14,813,950.40. The trade was a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. The trade was a 23.84% 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 valued at $10,050,000. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. Evercore decreased their price target on Wells Fargo & Company from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Barclays upped their price target on Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $113.00 price objective on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.03.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Analyst / internal commentary: Wells Fargo credit analyst Mike Mayo expressed confidence that the firm’s de‑risking in financials is supporting stronger credit trends—this is constructive for loan quality and loss provisions and can ease investor concerns about credit risk. Wells Fargo’s Mike Mayo feels good about de-risking in financials supporting stronger credit
• Neutral Sentiment: Macro/rate context: Coverage pieces on how further Fed rate cuts could affect Wells Fargo note mixed implications—lower rates can pressure net interest income but the stock also has moderately bullish analyst coverage and hedge‑fund interest. Monitor rate‑cut expectations and NII guidance for near‑term impact. What Do Further Rate Cuts Mean for Wells Fargo & Company (WFC)
• Negative Sentiment: Sector pressure: A broader article reports bank and brokerage stocks suffered one of their worst days in months as investors price in potential AI‑driven disruption and other headwinds—this broad negative sentiment toward financials likely amplified selling in WFC. Bank, Brokerage Stocks Suffer Their Worst Day in Months. Here’s Why.
• Negative Sentiment: Insider selling — EVP Bridget E. Engle sold 30,000 WFC shares at an average $87.10 (≈$2.61M); her post‑sale holding fell ~26% — large, disclosed insider sales can weigh on sentiment even if they’re for personal reasons. Bridget E. Engle Form 4
• Negative Sentiment: Insider selling — EVP Ellen R. Patterson sold 60,000 WFC shares at an average $87.40 (≈$5.24M); her post‑sale holding declined ~26% — another large, concurrent insider sale increases near‑term selling pressure and may trigger short‑term investor caution. Ellen R. Patterson Form 4

Wells Fargo & Company Price Performance

WFC stock opened at $81.33 on Friday. The stock’s 50 day moving average price is $90.72 and its 200 day moving average price is $86.40. The firm has a market cap of $250.96 billion, a P/E ratio of 12.97, a PEG ratio of 0.94 and a beta of 1.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter last year, the business posted $1.43 earnings per share. Wells Fargo & Company’s revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 28.71%.

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.