OP Asset Management Ltd Takes $25.91 Million Position in Wells Fargo & Company $WFC

OP Asset Management Ltd bought a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 325,393 shares of the financial services provider’s stock, valued at approximately $25,905,000.

A number of other hedge funds have also added to or reduced their stakes in WFC. Diversified Trust Co. lifted its position in shares of Wells Fargo & Company by 59.7% during the 4th quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock valued at $3,289,000 after acquiring an additional 13,196 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Wells Fargo & Company by 19.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 532,300 shares of the financial services provider’s stock worth $49,610,000 after purchasing an additional 84,902 shares during the period. Swiss Life Asset Management Ltd grew its holdings in Wells Fargo & Company by 4.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after purchasing an additional 14,168 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Wells Fargo & Company by 4.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock valued at $38,446,000 after purchasing an additional 17,302 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in Wells Fargo & Company by 4.2% in the third quarter. Natixis Advisors LLC now owns 3,482,885 shares of the financial services provider’s stock valued at $291,935,000 after purchasing an additional 139,659 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of research analyst reports. Truist Financial cut their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Barclays decreased their target price 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. Evercore reaffirmed an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. HSBC raised Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, April 1st. Finally, Piper Sandler restated an “overweight” rating and set a $94.00 price objective (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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

Wells Fargo & Company Stock Performance

NYSE WFC opened at $84.28 on Thursday. The company has a fifty day moving average price of $79.59 and a 200-day moving average price of $84.49. The firm has a market cap of $257.90 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.99 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly 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. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. During the same period last year, the firm earned $1.39 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts predict that Wells Fargo & Company will post 6.86 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 27.78%.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to lift its third-quarter dividend by 11% to $0.50 per share, a signal of confidence in capital strength and shareholder returns. Article Title
• Positive Sentiment: News that several large banks, including Wells Fargo, are planning dividend increases and stock buybacks supports sentiment around the banking sector and reinforces expectations for capital return to shareholders. Article Title

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.