iA Global Asset Management Inc. Trims Position in Wells Fargo & Company $WFC

iA Global Asset Management Inc. lowered its holdings in Wells Fargo & Company (NYSE:WFC) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 493,692 shares of the financial services provider’s stock after selling 147,723 shares during the period. iA Global Asset Management Inc.’s holdings in Wells Fargo & Company were worth $41,381,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Access Investment Management LLC purchased a new stake in Wells Fargo & Company in the 2nd quarter valued at about $25,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Wells Fargo & Company in the second quarter worth approximately $27,000. Marquette Asset Management LLC boosted its position in shares of Wells Fargo & Company by 472.4% in the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in Wells Fargo & Company in the third quarter valued at approximately $30,000. Finally, Kilter Group LLC acquired a new position in Wells Fargo & Company during the second quarter worth approximately $31,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Preliminary court approval of a derivative settlement eases a legal overhang and lowers potential future liabilities, which reduces execution risk for the bank. Wells Fargo Wins Preliminary Approval of Derivative Settlement
• Positive Sentiment: CEO commentary that “growth will be stronger than people expect” signals management confidence on revenue and business-line momentum; investors often reward credible, above-consensus forward commentary. Wells Fargo CEO: ‘Growth to be stronger than people expect’
• Positive Sentiment: Wells Fargo is expanding its wealth business footprint — publicly reported hires (12 advisers added) and a planned relocation of wealth management headquarters to West Palm Beach point to strategic investment in higher‑fee businesses. That can support revenue diversification and higher-margin growth over time. Wells Fargo & Co. Adds 12 Advisers Wells Fargo to Move Wealth Headquarters to West Palm Beach
• Neutral Sentiment: Quarterly recap of the big banks notes mixed results: Wells Fargo delivered an EPS beat in its recent quarter but missed revenue (one-time items cited). That pattern supports profitability metrics but tempers top-line momentum. Bank Stocks: Another Quarter of Double-Digit S&P 500 Earnings Growth?
• Neutral Sentiment: Wells Fargo’s research team is busy and visible (notes on chip shortages, analyst coverage actions). Research flow increases the firm’s market influence but is not an immediate driver of WFC share fundamentals. TSLA, BYD Face Memory Chip Shortage in 2026, Wells Fargo Warns Wells Fargo & Company (WFC) is Attracting Investor Attention

Wells Fargo & Company Stock Up 2.3%

NYSE WFC opened at $88.08 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The business has a 50 day moving average price of $90.29 and a two-hundred day moving average price of $84.94. The stock has a market cap of $276.49 billion, a PE ratio of 14.05, a P/E/G ratio of 0.93 and a beta of 1.09.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $21.29 billion for the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. As a group, sell-side analysts predict that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, November 7th. Wells Fargo & Company’s payout ratio is presently 28.71%.

Analysts Set New Price Targets

WFC has been the topic of a number of research analyst reports. Cfra Research upgraded shares of Wells Fargo & Company to a “moderate buy” rating in a report on Wednesday, October 15th. Robert W. Baird lowered Wells Fargo & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Truist Financial lowered their price target on Wells Fargo & Company from $104.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Dbs Bank upgraded Wells Fargo & Company to a “moderate buy” rating in a research note on Tuesday, October 21st. Finally, HSBC restated a “hold” rating and issued a $74.00 price objective on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.87.

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.