Spectrum Asset Management Inc. NB CA Acquires New Holdings in Wells Fargo & Company $WFC

Spectrum Asset Management Inc. NB CA purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC) in the first quarter, Holdings Channel.com reports. The firm purchased 414,694 shares of the financial services provider’s stock, valued at approximately $33,014,000. Wells Fargo & Company accounts for approximately 10.5% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its largest position.

Other institutional investors have also recently made changes to their positions in the company. Trilogy Capital Inc. raised its stake in shares of Wells Fargo & Company by 28.8% during the first quarter. Trilogy Capital Inc. now owns 4,347 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 973 shares in the last quarter. Cambient Family Office LLC lifted its holdings in shares of Wells Fargo & Company by 8.1% in the 1st quarter. Cambient Family Office LLC now owns 11,754 shares of the financial services provider’s stock worth $936,000 after acquiring an additional 876 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Wells Fargo & Company by 8.5% in the 1st quarter. Venturi Wealth Management LLC now owns 9,989 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 781 shares in the last quarter. Crown Wealth Group LLC boosted its stake in shares of Wells Fargo & Company by 20.9% in the 1st quarter. Crown Wealth Group LLC now owns 15,893 shares of the financial services provider’s stock valued at $1,265,000 after purchasing an additional 2,747 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Wells Fargo & Company by 5.2% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,562 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 623 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to raise its quarterly dividend by 11% to $0.50 per share, pending board approval. That signals confidence in the bank’s capital strength and can support investor sentiment. Wells Fargo Completes 2026 Stress Test and Intends to Raise Dividend by 11% to $0.50
• Positive Sentiment: Truist Financial raised its price target on Wells Fargo to $94 from $90 and kept a Buy rating, implying further upside from current levels. Wells Fargo & Company had its price target raised by Truist Financial Corporation
• Positive Sentiment: Analyst previews ahead of Wells Fargo’s upcoming quarterly results suggest modest double-digit profit growth, which could reinforce the bank’s earnings momentum if delivered. Wells Fargo’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: Wells Fargo also flagged improved Anthropic coding performance, a small but constructive sign that its AI checks are seeing more autonomous execution from the startup. Wells Fargo Flags Anthropic Coding Improvement
• Neutral Sentiment: Broader bank news showed multiple large lenders passing the Fed stress test and planning dividend hikes and buybacks, which is supportive for the sector but not unique to Wells Fargo.

Analyst Ratings Changes

Several research analysts have recently commented on WFC shares. HSBC upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Wednesday, April 1st. Jefferies Financial Group began coverage on Wells Fargo & Company in a report on Thursday, March 26th. They set a “buy” rating and a $100.00 target price for the company. KGI Securities lowered Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Barclays decreased their price target on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Finally, Wall Street Zen upgraded Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and a consensus target price of $98.24.

Wells Fargo & Company Stock Down 1.0%

NYSE WFC opened at $83.87 on Friday. 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 stock has a market capitalization of $256.66 billion, a PE ratio of 12.94, a PEG ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The business’s 50-day moving average is $79.72 and its 200 day moving average is $84.45.

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

Wells Fargo & Company Dividend Announcement

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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. Wells Fargo & Company’s payout ratio is 27.78%.

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.