USS Investment Management Ltd Has $42.58 Million Stock Position in Wells Fargo & Company $WFC

USS Investment Management Ltd lifted its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 534,992 shares of the financial services provider’s stock after acquiring an additional 8,299 shares during the period. USS Investment Management Ltd’s holdings in Wells Fargo & Company were worth $42,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WFC. Godfrey Financial Associates Inc. bought a new stake in Wells Fargo & Company during the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $25,000. Navalign LLC bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $26,000. Joseph Group Capital Management purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $28,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WFC shares. Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. 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 research note on Wednesday, April 15th. Jefferies Financial Group began coverage on shares of Wells Fargo & Company in a report on Thursday, March 26th. They set a “buy” rating and a $100.00 price objective on the stock. KGI Securities lowered shares of Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Finally, Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $98.34.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Wells Fargo said it plans an 11% dividend increase and ongoing share repurchases after passing the 2026 Federal Reserve stress test, reinforcing confidence in its capital strength and supporting the case for more cash returned to investors. Article Title
• Positive Sentiment: Wells Fargo also issued a bullish market view, telling investors to get ready for a summer rally and arguing that recent volatility was likely temporary, which may have helped sentiment around the bank and its outlook for trading and investment banking activity. Article Title
• Positive Sentiment: Broader bank-news coverage noted that large U.S. banks passing the Fed stress tests are rewarding shareholders with higher dividends and buybacks, which can lift expectations for Wells Fargo’s own capital return trajectory. Article Title
• Neutral Sentiment: Wells Fargo was also mentioned in unrelated coverage about AMD, Nextpower, Bloom Energy, and other companies, but those stories do not appear to have a direct fundamental impact on WFC. Article Title

Wells Fargo & Company Stock Performance

Shares of WFC opened at $82.66 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $252.95 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.96 and a beta of 0.93. The stock has a 50 day moving average of $79.79 and a 200 day moving average of $84.32. Wells Fargo & Company has a 12 month low of $72.78 and a 12 month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The business had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 earnings per share. As a group, sell-side analysts forecast that Wells Fargo & Company will post 6.99 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s payout ratio is presently 27.78%.

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.