Swedbank AB Acquires 57,988 Shares of Wells Fargo & Company $WFC

Swedbank AB grew its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,261,842 shares of the financial services provider’s stock after acquiring an additional 57,988 shares during the period. Swedbank AB’s holdings in Wells Fargo & Company were worth $100,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Private Wealth Group LLC lifted its position in Wells Fargo & Company by 2.5% during the fourth quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 108 shares in the last quarter. Nixon Peabody Trust Co. increased its position in Wells Fargo & Company by 3.6% in the fourth quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock worth $312,000 after buying an additional 115 shares in the last quarter. Simmons Bank increased its position in Wells Fargo & Company by 1.9% in the fourth quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock worth $593,000 after buying an additional 116 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Wells Fargo & Company by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 12,048 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 117 shares during the period. Finally, Wood Tarver Financial Group LLC raised its stake in shares of Wells Fargo & Company by 1.6% in the fourth quarter. Wood Tarver Financial Group LLC now owns 7,754 shares of the financial services provider’s stock worth $722,000 after buying an additional 120 shares during the period. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company Price Performance

WFC stock opened at $87.15 on Wednesday. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The company’s fifty day moving average price is $80.34 and its 200-day moving average price is $84.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $266.69 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. The company had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. Wells Fargo & Company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. On average, equities analysts anticipate that Wells Fargo & Company will post 6.98 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 27.78%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WFC shares. Barclays cut their price objective on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Wells Fargo & Company from $86.50 to $93.50 and gave the company a “neutral” rating in a report on Monday. Keefe, Bruyette & Woods dropped their price target on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a research report on Wednesday, April 15th. Truist Financial increased their price objective on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.34.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Bank of America raised its price target on Wells Fargo to $102 and reiterated a buy rating, signaling confidence in upside potential for the shares.
• Positive Sentiment: UBS also nudged its price target higher to $104 while keeping a buy rating, reinforcing Wall Street’s constructive view on the bank.
• Positive Sentiment: Wells Fargo Advisors recruited a $1.7 billion advisory team from RBC Capital Markets, a move that could add assets, client relationships, and fee revenue. Wells Fargo Recruits $1.7 Billion Advisor Team From RBC Capital Markets
• Positive Sentiment: Analysts expect Wells Fargo’s second-quarter earnings to show growth, and broader financial-sector strength into earnings season is supporting the group. Financials Stocks Are Charging Into Q2 Earnings. Why Wall Street Sees More Gains Ahead
• Neutral Sentiment: Wells Fargo confirmed it will report second-quarter 2026 earnings on July 14, keeping investors focused on the upcoming results. Wells Fargo to Announce Second Quarter 2026 Earnings on July 14, 2026
• Negative Sentiment: Some reports said banks are exploring a way to work around debit-card fee limits and may consider buying Fiserv’s debit network; while potentially beneficial for banks, the news is also tied to pressure on payment-network economics and could create regulatory scrutiny. Banks seek work-around on debit card fee limits

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.