Wells Fargo & Company $WFC Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its position in Wells Fargo & Company (NYSE:WFC) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,115,551 shares of the financial services provider’s stock after selling 76,494 shares during the quarter. Wells Fargo & Company makes up approximately 0.6% of Banque Pictet & Cie SA’s holdings, making the stock its 18th largest position. Banque Pictet & Cie SA’s holdings in Wells Fargo & Company were worth $103,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in Wells Fargo & Company in the third quarter worth $27,000. Marquette Asset Management LLC increased its stake in Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter worth $30,000. Kilter Group LLC bought a new position in shares of Wells Fargo & Company in the 2nd quarter worth about $31,000. Finally, Imprint Wealth LLC bought a new position in shares of Wells Fargo & Company in the 3rd quarter worth about $31,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WFC shares. TD Cowen lowered their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, January 15th. UBS Group reissued a “buy” rating and issued a $113.00 target price on shares of Wells Fargo & Company in a report on Wednesday, February 4th. Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. Robert W. Baird upgraded Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a research report on Friday, February 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

Wells Fargo & Company Stock Up 1.3%

WFC stock opened at $80.62 on Thursday. The company has a quick ratio of 0.90, 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 firm’s 50-day simple moving average is $84.09 and its 200 day simple moving average is $86.21. The stock has a market cap of $248.75 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.06.

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

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company’s payout ratio is currently 28.71%.

Insider Transactions at Wells Fargo & Company

In related news, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the sale, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. This trade represents a 23.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of Wells Fargo & Company stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the sale, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 115,000 shares of company stock worth $10,050,000. Company insiders own 0.08% of the company’s stock.

Wells Fargo & Company News Summary

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

• Positive Sentiment: HSBC upgraded WFC from “hold” to “buy” with a $94 price target, creating fresh buy-side momentum and an implied upside to current levels. HSBC Upgrade
• Positive Sentiment: Broker consensus remains constructive — WFC reportedly has an average rating around “Moderate Buy,” which supports continued investor interest in the shares. Brokerage Consensus
• Neutral Sentiment: Market commentary from Wells Fargo’s CEO argues Main Street economic indicators are resilient despite geopolitical noise, which can reassure investors that the bank’s underlying fundamentals may hold up. CEO Comments
• Neutral Sentiment: Analyst and market pieces are flagging WFC’s upcoming quarterly report as a near-term catalyst — expectations and the question of whether WFC will beat consensus will likely drive short-term moves. Earnings Preview
• Negative Sentiment: Morgan Stanley trimmed its price target to $100 and set an “equal weight” rating, which can cap upside and introduces some conflicting analyst views into the tape. Morgan Stanley Target Cut
• Negative Sentiment: Wells Fargo’s own equity research cut the 2026 S&P 500 target (to 7,300) citing the U.S.-Iran war and weaker tax receipts — a more cautious macro outlook that increases downside risk for bank shares if geopolitical/headline risk persists. S&P 500 Forecast Cut

Wells Fargo & Company 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.