Tredje AP fonden grew its position in shares of Wells Fargo & Company (NYSE:WFC) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,612,065 shares of the financial services provider’s stock after buying an additional 226,671 shares during the quarter. Wells Fargo & Company accounts for 1.1% of Tredje AP fonden’s investment portfolio, making the stock its 16th largest holding. Tredje AP fonden’s holdings in Wells Fargo & Company were worth $150,244,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Diversified Trust Co. raised its position in Wells Fargo & Company by 59.7% during the 4th quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock worth $3,289,000 after buying an additional 13,196 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in Wells Fargo & Company during the 3rd quarter worth $147,165,000. Guerra Advisors Inc raised its position in Wells Fargo & Company by 43.2% during the 3rd quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider’s stock worth $3,222,000 after buying an additional 11,594 shares during the last quarter. AlphaQuest LLC raised its position in Wells Fargo & Company by 1,121.0% during the 3rd quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider’s stock worth $2,018,000 after buying an additional 22,107 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Wells Fargo & Company by 52.7% during the 3rd quarter. UMB Bank n.a. now owns 138,862 shares of the financial services provider’s stock worth $11,639,000 after buying an additional 47,946 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.
Wells Fargo & Company Stock Performance
Shares of WFC opened at $74.37 on Tuesday. The company has a 50-day simple moving average of $79.15 and a 200-day simple moving average of $85.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $227.59 billion, a PE ratio of 11.48, a P/E/G ratio of 0.86 and a beta of 0.96. Wells Fargo & Company has a 52-week low of $71.89 and a 52-week high of $97.76.
Wells Fargo & Company Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is 27.78%.
Wells Fargo & Company News Summary
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: The NAHB/Wells Fargo Housing Market Index unexpectedly rose to 37 in May, signaling a modest rebound in homebuilder confidence and supporting a more constructive outlook for mortgage and housing-related banking activity. U.S. Homebuilder Confidence Unexpectedly Rebounds In May
- Positive Sentiment: Wells Fargo and Lazard moved up league tables on NextEra Energy’s $67 billion acquisition of Dominion Energy, highlighting stronger investment-banking deal activity that could support fee income. Lazard, Wells Fargo Vault Up League Tables on NextEra-Dominion Deal
- Neutral Sentiment: Wells Fargo settled a lawsuit alleging hiring and lending discrimination for $110 million, including a $100 million fund for eligible borrowers in certain low- and moderate-income areas. The agreement removes uncertainty, but it also underscores continued legal and reputational risk. Wells Fargo settles lawsuit alleging hiring, lending discrimination
- Neutral Sentiment: Bloomberg Law reported that Wells Fargo’s $110 million discrimination settlement was approved, confirming the charge but reducing litigation uncertainty going forward. Wells Fargo’s $110 Million Discrimination Settlement is Approved
- Neutral Sentiment: News about Wells Fargo’s call on Disney is not directly material to WFC’s earnings outlook, though it reflects ongoing research activity from the bank’s analysts. Disney (DIS) Still Has Significant Upside Potential, Says Wells Fargo
- Negative Sentiment: Earlier market coverage noted Wells Fargo extending losses alongside Bank of America in a weak broader financials tape, suggesting some sector pressure may still be weighing on the shares. Bank of America, Wells Fargo extend losses; Japanese firms in gainers: week’s financials wrap
Insider Buying and Selling at Wells Fargo & Company
In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the completion of the transaction, the executive vice president directly owned 79,876 shares in the company, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This trade represents a 26.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 115,000 shares of company stock worth $10,050,000. 0.14% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have commented on WFC. UBS Group restated a “buy” rating and set a $113.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. 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. The Goldman Sachs Group cut their price target on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Robert W. Baird upgraded shares of Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a report on Friday, February 13th. Finally, Truist Financial cut their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.53.
Check Out Our Latest Analysis on WFC
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.
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