UniSuper Management Pty Ltd Acquires 7,820 Shares of Wells Fargo & Company $WFC

UniSuper Management Pty Ltd raised its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,427,647 shares of the financial services provider’s stock after acquiring an additional 7,820 shares during the period. Wells Fargo & Company comprises approximately 0.8% of UniSuper Management Pty Ltd’s portfolio, making the stock its 20th biggest holding. UniSuper Management Pty Ltd’s holdings in Wells Fargo & Company were worth $133,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Canopy Partners LLC grew its position in Wells Fargo & Company by 1.9% during the fourth quarter. Canopy Partners LLC now owns 6,780 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 126 shares during the last quarter. Keel Point LLC grew its position in Wells Fargo & Company by 10.9% during the fourth quarter. Keel Point LLC now owns 19,542 shares of the financial services provider’s stock valued at $1,821,000 after acquiring an additional 1,919 shares during the last quarter. Winning Points Advisors LLC bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $3,384,000. Prudent Man Investment Management Inc. bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $75,000. Finally, SmartHarvest Portfolios LLC bought a new position in Wells Fargo & Company during the fourth quarter valued at approximately $1,014,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WFC. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Jefferies Financial Group initiated coverage on shares of Wells Fargo & Company in a research report on Thursday, March 26th. They set a “buy” rating and a $100.00 price target on the stock. KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a report on Thursday, April 16th. 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. Finally, HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.53.

Wells Fargo & Company Stock Up 0.6%

WFC stock opened at $82.45 on Friday. Wells Fargo & Company has a fifty-two week low of $71.93 and a fifty-two week high of $97.76. The business’s 50 day moving average price is $79.50 and its two-hundred day moving average price is $84.67. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $252.32 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts forecast that Wells Fargo & Company will post 6.84 earnings per share 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 8th. Wells Fargo & Company’s payout ratio is 27.78%.

Wells Fargo & Company News Summary

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 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.