Cibc World Market Inc. Lowers Stock Holdings in Wells Fargo & Company $WFC

Cibc World Market Inc. lessened its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 25.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 855,864 shares of the financial services provider’s stock after selling 286,728 shares during the quarter. Cibc World Market Inc.’s holdings in Wells Fargo & Company were worth $71,739,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WFC. Vanguard Group Inc. lifted its position in Wells Fargo & Company by 0.4% during the second quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider’s stock worth $24,203,688,000 after buying an additional 1,341,222 shares during the period. Norges Bank purchased a new stake in Wells Fargo & Company in the 2nd quarter valued at about $3,990,551,000. Massachusetts Financial Services Co. MA increased its stake in shares of Wells Fargo & Company by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider’s stock valued at $1,496,998,000 after acquiring an additional 1,223,999 shares during the last quarter. Amundi lifted its holdings in shares of Wells Fargo & Company by 18.2% during the 2nd quarter. Amundi now owns 14,155,753 shares of the financial services provider’s stock worth $1,165,868,000 after acquiring an additional 2,180,693 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Wells Fargo & Company by 1.1% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,469,766 shares of the financial services provider’s stock worth $678,598,000 after acquiring an additional 88,358 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $91.90 on Wednesday. The firm’s fifty day simple moving average is $91.94 and its 200 day simple moving average is $85.82. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a twelve month low of $58.42 and a twelve month high of $97.76. The firm has a market capitalization of $288.48 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.04 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.10. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. As a group, equities research analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: JPMorgan raised its price target on WFC to $99.50 (from $99.00) while keeping a “neutral” rating; the higher PT signals incremental upside but no change in conviction. Article Title
• Positive Sentiment: Analyst consensus remains favorable — brokerages’ average recommendation is “Moderate Buy,” supporting medium-term demand for the shares. Read More.
• Neutral Sentiment: Wells Fargo presented at the UBS Financial Services Conference — investor takeaways from the transcript will matter for guidance and capital plans, but the presentation alone produced no clear market-moving surprise. Read More.
• Neutral Sentiment: Research pieces evaluating Wells Fargo preferred stock and peer comparisons (Nomura) provide detail for fixed-income and comparative investors but are unlikely to drive large, immediate equity moves. Read More. — Read More.
• Neutral Sentiment: Wells Fargo research commentary on broader consumer trends (e.g., GLP‑1 driven shifts toward protein snacks) highlights the firm’s economic research visibility but is indirect for WFC equity performance. Read More.
• Negative Sentiment: A high-profile customer dispute — Wells Fargo refused to refund a $28K tax payment after a check was stolen — can amplify reputational and litigation concerns and may pressure sentiment among retail investors. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. TD Cowen lowered their target price on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, January 15th. Bank of America lifted their price target on shares of Wells Fargo & Company from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the company a “neutral” rating in a research note on Monday. Cfra Research raised Wells Fargo & Company to a “moderate buy” rating in a research report on Wednesday, October 15th. Finally, UBS Group reiterated a “buy” rating and issued a $113.00 target price on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Thirteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Wells Fargo & Company presently has an average rating of “Moderate Buy” and an average price target of $97.29.

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.