Investment Management Corp of Ontario Buys 111,979 Shares of Wells Fargo & Company $WFC

Investment Management Corp of Ontario boosted its stake in Wells Fargo & Company (NYSE:WFC) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,357 shares of the financial services provider’s stock after purchasing an additional 111,979 shares during the quarter. Investment Management Corp of Ontario’s holdings in Wells Fargo & Company were worth $27,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WFC. Godfrey Financial Associates Inc. purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $25,000. Miller Capital Partners Inc. purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $26,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at about $27,000. Finally, Joseph Group Capital Management purchased a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Shares of Wells Fargo & Company stock opened at $83.88 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day simple moving average is $79.73 and its two-hundred day simple moving average is $84.63. The stock has a market capitalization of $256.68 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.00 and a beta of 0.93. Wells Fargo & Company has a one year low of $72.57 and a one year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Analysts forecast that Wells Fargo & Company will post 6.84 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s payout ratio is 27.78%.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo raised its year-end 2026 S&P 500 target to 7,950 from 7,300, citing stronger corporate earnings, easing macro risks after the interim U.S.-Iran agreement, and improved investor sentiment. Article: S&P 500 Price Target Boosted to 7,950 by Wells Fargo Following U.S.-Iran Deal
• Positive Sentiment: Market reports showed WFC gaining after a positive trading session, indicating investors were buying into the bank’s improving sentiment and outlook. Article: Wells Fargo (WFC) Rises As Market Takes a Dip: Key Facts
• Positive Sentiment: Wells Fargo Investment Institute released a midyear outlook emphasizing discipline amid volatility, reinforcing the bank’s visibility in market strategy and investor guidance. Article: Wells Fargo Investment Institute: When Every Headline Shouts, Discipline Matters Most
• Neutral Sentiment: Wells Fargo also lifted its S&P 500 target in a separate market commentary piece, which supports a more upbeat macro backdrop but does not directly change WFC fundamentals. Article: Wells Fargo Raises S&P 500 Target to 7,950 on AI Boom
• Neutral Sentiment: Another report repeated that Wells Fargo’s S&P 500 target increase was driven by stronger earnings expectations, signaling a favorable macro call rather than a direct catalyst for the bank stock itself. Article: US Stock Market: Wells Fargo raises S&P 500 target on stronger earnings outlook, easing macro risks
• Neutral Sentiment: Analyst coverage of other companies, such as Carter’s and Microsoft, reflects active research from Wells Fargo but is not a direct driver of WFC shares. Article: Carter’s Shares Rise After Wells Fargo Lifts Rating and Target Price

Analysts Set New Price Targets

Several analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Monday, April 20th. Keefe, Bruyette & Woods decreased their price objective on Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a report on Wednesday, April 15th. The Goldman Sachs Group decreased their price objective on Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

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.