Aviva PLC Purchases 104,395 Shares of Wells Fargo & Company $WFC

Aviva PLC increased its position in Wells Fargo & Company (NYSE:WFC) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,664,685 shares of the financial services provider’s stock after buying an additional 104,395 shares during the period. Aviva PLC’s holdings in Wells Fargo & Company were worth $248,349,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WFC. RKL Wealth Management LLC boosted its holdings in shares of Wells Fargo & Company by 1.9% during the 4th quarter. RKL Wealth Management LLC now owns 8,126 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 148 shares during the last quarter. Glaxis Capital Management LLC boosted its holdings in shares of Wells Fargo & Company by 36.1% during the 4th quarter. Glaxis Capital Management LLC now owns 37,697 shares of the financial services provider’s stock valued at $3,513,000 after purchasing an additional 10,000 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Wells Fargo & Company by 5.8% during the 4th quarter. Great Valley Advisor Group Inc. now owns 24,890 shares of the financial services provider’s stock valued at $2,320,000 after purchasing an additional 1,368 shares during the last quarter. Xponance LLC boosted its holdings in shares of Wells Fargo & Company by 4.4% during the 4th quarter. Xponance LLC now owns 502,070 shares of the financial services provider’s stock valued at $46,793,000 after purchasing an additional 20,967 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of Wells Fargo & Company by 0.6% during the 4th quarter. UniSuper Management Pty Ltd now owns 1,427,647 shares of the financial services provider’s stock valued at $133,057,000 after purchasing an additional 7,820 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Management reiterated a roughly $50 billion 2026 net interest income target and signaled stronger second-quarter NII, which suggests earnings momentum could improve if loan and deposit trends hold. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Wells Fargo continues to attract attention as a dividend stock, reinforcing its appeal for income-focused investors and supporting the valuation case. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, a modest sign of franchise growth in wealth management. Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Neutral Sentiment: The company also received more supportive coverage around a $1.2 million community grant, which highlights capital-allocation and community-impact efforts but is unlikely to materially move the stock. Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Negative Sentiment: Headlines that the DOJ subpoenaed Wells Fargo in a widening debanking probe add regulatory overhang and could pressure sentiment until there is more clarity. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report

Wells Fargo & Company Stock Up 0.6%

Shares of NYSE WFC opened at $82.45 on Friday. The firm’s 50-day moving average price is $79.50 and its 200-day moving average price is $84.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $252.32 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a 12-month low of $71.93 and a 12-month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The firm had revenue of $11.62 billion for 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%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. On average, equities research analysts anticipate that Wells Fargo & Company will post 6.84 EPS for the current fiscal 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Truist Financial dropped their price objective 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. Wall Street Zen downgraded shares of Wells Fargo & Company from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Morgan Stanley dropped their price objective on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $97.53.

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.