Mitsubishi UFJ Asset Management Co. Ltd. Has $537.77 Million Stock Position in Wells Fargo & Company $WFC

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Wells Fargo & Company (NYSE:WFC) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,415,774 shares of the financial services provider’s stock after purchasing an additional 204,456 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Wells Fargo & Company worth $537,770,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Access Investment Management LLC acquired a new stake in Wells Fargo & Company in the 2nd quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the third quarter valued at approximately $27,000. Marquette Asset Management LLC boosted its position in shares of 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 valued at $28,000 after acquiring an additional 274 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the third quarter worth $30,000. Finally, Kilter Group LLC bought a new position in Wells Fargo & Company during the second quarter worth $31,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total value of $2,193,000.00. Following the completion of the sale, the executive vice president owned 79,876 shares in the company, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: February short interest fell sharply (down ~16.7% vs. late January), reducing a potential source of downside pressure and suggesting fewer bearish bets against the stock. This decline can support upward price momentum as short covering reduces sell-side liquidity. Short Interest Report
• Positive Sentiment: Wells Fargo announced it will fully redeem all outstanding Series BB preferred shares (small outstanding amount), removing a fixed-rate dividend obligation and simplifying the capital structure; while the dollar amount is small, investors often view buybacks/redemptions as shareholder-friendly capital management. Wells Fargo Announces Full Redemption of Series BB Preferred Stock
• Positive Sentiment: Leadership update — Wells Fargo named Devine to lead Business Banking, a management move that can reassure investors about execution in a key business line and signal focus on commercial lending growth. Wells Fargo Names Devine to Lead Business Banking
• Neutral Sentiment: Coverage notes and market commentaries (Zacks, Barchart) point out the stock is trading higher today and that WFC has underperformed the Nasdaq over the past year, while analysts remain moderately optimistic — context that can limit upside if broader index leadership remains stronger. Wells Fargo (WFC) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Analyst activity highlighted (Wells Fargo analysts making calls on other companies and sectors) — useful for macro/sector signals but not a direct driver of WFC’s price. Wells Fargo Raises Aflac (AFL) Target
• Negative Sentiment: Competitive and peer developments: HSBC’s strong results and market-cap moves (reported recently) highlight that global peers are posting stronger momentum, which could pressure relative valuation and investor rotation away from banks that are underperforming. HSBC Reports a Beat and a Raise as it Leapfrogs Wells Fargo by Market Cap

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $86.63 on Thursday. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76. The firm has a 50 day moving average of $91.06 and a 200-day moving average of $86.37. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $271.94 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $21.63 billion. During the same period last year, the firm posted $1.43 EPS. The business’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

Analyst Ratings Changes

A number of analysts have weighed in on WFC shares. Keefe, Bruyette & Woods increased their price target on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research note on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 target price on shares of Wells Fargo & Company in a research report on Thursday, January 15th. Freedom Capital lowered Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $109.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.03.

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.