Handelsbanken Fonder AB Sells 6,969 Shares of Wells Fargo & Company $WFC

Handelsbanken Fonder AB cut its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178,309 shares of the financial services provider’s stock after selling 6,969 shares during the quarter. Handelsbanken Fonder AB’s holdings in Wells Fargo & Company were worth $98,766,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Main Street Group LTD increased its position in shares of Wells Fargo & Company by 36.9% in the third quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 118 shares during the last quarter. D Orazio & Associates Inc. boosted its position in Wells Fargo & Company by 3.6% during the third quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 118 shares during the last quarter. Stonebrook Private Inc. grew its stake in Wells Fargo & Company by 2.7% in the third quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 118 shares in the last quarter. Hidden Cove Wealth Management LLC grew its stake in Wells Fargo & Company by 2.0% in the third quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 119 shares in the last quarter. Finally, Weaver Consulting Group increased its position in shares of Wells Fargo & Company by 1.6% during the 3rd quarter. Weaver Consulting Group now owns 7,441 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 119 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Price Performance

NYSE:WFC opened at $86.29 on Friday. The company has a market cap of $266.26 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.95 and a beta of 1.09. The firm’s fifty day moving average price is $90.96 and its two-hundred day moving average price is $86.37. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.84.

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

Wells Fargo & Company Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WFC. Argus increased their price objective on Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Truist Financial lowered their target price on shares of Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Wolfe Research reiterated an “outperform” rating and issued a $109.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Freedom Capital downgraded shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $97.03.

More Wells Fargo & Company News

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

• Positive Sentiment: Hedge funds and analyst sentiment remain constructive — WFC is listed among top banking picks and coverage is moderately bullish (roughly half the analysts rate it Buy), which supports investor demand. What Do Further Rate Cuts Mean for Wells Fargo & Company (WFC)
• Positive Sentiment: Short interest fell sharply in February (down ~16.7% to ~26.7M shares, ~0.8% of float), reducing potential short-covering volatility and downward pressure on the stock. (Short-interest ratio ≈ 1.7 days.)
• Positive Sentiment: Management change in business banking — Wells Fargo named Devine to lead Business Banking, a move that could help execution in a key revenue segment. Wells Fargo Names Devine to Lead Business Banking
• Neutral Sentiment: Wells Fargo will fully redeem its Series BB preferred shares (140,400 shares) in mid‑March — a small-capital-structure change that removes a preferred tranche but uses cash; net impact on common equity depends on funding and capital priorities. Full Redemption of Series BB Preferred Stock
• Neutral Sentiment: Wells Fargo research activity (analyst notes and sector coverage) is active — the firm is publishing rate/price updates on other companies and issuing sector views that can influence institutional flows but are indirect to WFC’s fundamentals. Wells Fargo Raises Aflac Target, Revises Outlook
• Neutral Sentiment: Broader demographic tailwinds (rising U.S. investable assets, wealth transfer) are positive for long-term deposit/investment flows but are not an immediate catalyst. Women’s wealth is expected to boom
• Negative Sentiment: Wells Fargo has underperformed the Nasdaq over the past year, a performance gap that can deter momentum investors and ETFs that favor stronger relative performers. Is Wells Fargo Stock Underperforming the Nasdaq?
• Negative Sentiment: Competitor pressure: HSBC recently leapfrogged Wells Fargo by market cap after an upbeat report, highlighting competitive and perception risks for WFC among global banks. HSBC leapfrogs Wells Fargo by market cap
• Negative Sentiment: Relative upside debate vs. peers — some analysts argue Bank of America may offer stronger earnings/IB momentum and valuation upside, which could shift investor allocation away from WFC. Bank of America or Wells Fargo: Which Big Bank Offers More Upside?

Insider Buying and Selling at Wells Fargo & Company

In other news, EVP Kleber Santos sold 25,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

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.