OFI Invest Asset Management lifted its position in Wells Fargo & Company (NYSE:WFC) by 163.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 957,897 shares of the financial services provider’s stock after buying an additional 594,379 shares during the quarter. Wells Fargo & Company makes up approximately 1.1% of OFI Invest Asset Management’s portfolio, making the stock its 16th biggest holding. OFI Invest Asset Management’s holdings in Wells Fargo & Company were worth $89,276,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth about $27,000. Marquette Asset Management LLC lifted its holdings 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 worth $28,000 after buying an additional 274 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth about $30,000. Imprint Wealth LLC purchased a new stake in shares of Wells Fargo & Company in the third quarter worth about $31,000. Finally, Main Street Group LTD lifted its holdings 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 worth $37,000 after buying an additional 118 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.
Wells Fargo & Company News Summary
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Macro ceasefire lifts banks — Wells Fargo rallied after President Trump announced a two‑week suspension of attacks on Iran, sending oil prices lower and easing immediate growth and cost worries for banks. This was a direct, short‑term positive for WFC. Wells Fargo (WFC) Stock Trades Up, Here Is Why
- Positive Sentiment: Jefferies bullish initiation — Jefferies initiated coverage with a Buy and $100 price target, arguing WFC is starting a multi‑year recovery; that endorsement provides a bullish counterweight to recent cuts. Here’s Why Jefferies Remains a Buy on Wells Fargo & Company (WFC)
- Neutral Sentiment: Earnings preview and expectations — Multiple previews note WFC is expected to report growth but may lack the setup for an obvious beat; investors should focus on loan growth, NII (net interest income) and guidance on Fed‑rate outlook. Wells Fargo (WFC) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
- Neutral Sentiment: Balance‑sheet and product moves — Recent senior note issuances and an expanded FX payments workflow (partnerships enabling community banks to send foreign‑currency wires) signal active funding and fee‑income initiatives; these are constructive but incremental. Is Wells Fargo (WFC) Quietly Redefining Its Balance Sheet Strategy With New Notes and FX Deals?
- Neutral Sentiment: Community investment — A $6M philanthropic investment in West Charlotte improves PR and community lending ties but is unlikely to move near‑term earnings. Wells Fargo Helps Drive Growth in West Charlotte with $6 Million
- Negative Sentiment: Analyst target cuts and caution — JPMorgan trimmed its WFC price target (citing volatility/risk in the banking outlook) and issued a more cautious view, which caps near‑term analyst‑driven upside and can weigh on momentum if other brokers follow. JPMorgan Trims Wells Fargo & Company (WFC) Target, Flags Volatility Risks for Banks
Analyst Ratings Changes
Read Our Latest Analysis on WFC
Insider Activity
In related news, EVP Kleber Santos sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was 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 $7,006,722.72. The trade was a 23.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 115,000 shares of company stock worth $10,050,000. 0.08% of the stock is currently owned by insiders.
Wells Fargo & Company Stock Performance
Shares of WFC opened at $84.72 on Thursday. The company has a market cap of $261.40 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.06. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $83.48 and a 200-day moving average price of $86.19. Wells Fargo & Company has a 12-month low of $59.43 and a 12-month high of $97.76.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. As a group, equities analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.
Wells Fargo & Company Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were given 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 was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is 28.71%.
About Wells Fargo & Company
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.
See Also
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