Danske Bank A S Takes $215.64 Million Position in Wells Fargo & Company $WFC

Danske Bank A S acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,572,627 shares of the financial services provider’s stock, valued at approximately $215,638,000. Wells Fargo & Company makes up approximately 0.5% of Danske Bank A S’s investment portfolio, making the stock its 27th largest position. Danske Bank A S owned about 0.08% of Wells Fargo & Company as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WFC. Redmont Wealth Advisors LLC purchased a new stake in Wells Fargo & Company in the 3rd quarter valued at approximately $27,000. Marquette Asset Management LLC increased its position in Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company in the third quarter worth $30,000. Kilter Group LLC acquired a new position in shares of Wells Fargo & Company in the second quarter worth $31,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter valued at $31,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wells Fargo & Company

In other news, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the transaction, the executive vice president directly owned 169,496 shares in the company, valued at $14,813,950.40. This represents a 26.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the sale, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. This represents a 26.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 in the last three months. Company insiders own 0.08% of the company’s stock.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: FiNet wins three advisory teams representing about $1.2B of client assets, a concrete retention/growth win for Wells Fargo’s independent channel that should help fee income and distribution. Read More.
• Positive Sentiment: Wells Fargo filed a trademark for “WFUSD,” signaling a potential stablecoin product and deeper participation in digital asset payments/tokenization—a strategic growth vector that investors can view as long-term revenue diversification. Read More.
• Positive Sentiment: Homebuilder confidence (NAHB/Wells Fargo HMI) ticked up in March, a modest data point supporting mortgage and consumer-related business lines. Read More.
• Neutral Sentiment: Truist lowered its WFC price target from $98 to $94 but kept a Buy rating — a slight inflection to expectations but not a ratings downgrade. Read More.
• Neutral Sentiment: Evercore ISI trimmed its price target (from $105 to $98) while maintaining Buy, and other Wells Fargo research actions (coverage of Polaris, upgrades on peers) highlight continued analyst activity but don’t materially change WFC fundamentals. Read More.
• Neutral Sentiment: Analyst pieces (Zacks, firm research citations) discuss Wells Fargo’s capital-return capacity and strategy, which supports the thesis for buybacks/dividends but depends on credit and regulatory outlook. Read More.
• Negative Sentiment: Sector pressure from private credit and “shadow banking” instability is cited as a headwind for bank stocks, including Wells Fargo, raising funding and credit-risk concerns that can compress multiples. Read More.
• Negative Sentiment: Broader market risks — geopolitical fallout from the Iran war and elevated private credit worries — are cited by market commentators and could sap investor risk appetite for cyclical banks. Read More.
• Negative Sentiment: Coverage noting weak share momentum and valuation pressure for WFC highlights that, despite strategic initiatives, the stock still faces downward valuation risk until sentiment or fundamentals (credit, margins) improve. Read More.

Analyst Ratings Changes

A number of research firms recently commented on WFC. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Barclays boosted their target price on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. CICC Research started coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 target price on the stock. TD Cowen decreased their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and a consensus target price of $96.71.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC opened at $76.23 on Wednesday. The company has a market cap of $235.21 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.83 and a beta of 1.08. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76. The business has a fifty day simple moving average of $86.90 and a 200-day simple moving average of $86.45.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating 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 firm had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio 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.