Bank Pictet & Cie Europe AG Cuts Stock Holdings in Wells Fargo & Company $WFC

Bank Pictet & Cie Europe AG cut its stake in Wells Fargo & Company (NYSE:WFC) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 760,106 shares of the financial services provider’s stock after selling 48,459 shares during the period. Wells Fargo & Company comprises about 1.4% of Bank Pictet & Cie Europe AG’s holdings, making the stock its 17th largest holding. Bank Pictet & Cie Europe AG’s holdings in Wells Fargo & Company were worth $70,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in Wells Fargo & Company during the 3rd quarter worth about $27,000. Marquette Asset Management LLC boosted its stake in shares of Wells Fargo & Company by 472.4% in the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock valued at $28,000 after buying an additional 274 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company in the 3rd quarter valued at about $30,000. Kilter Group LLC acquired a new position in shares of Wells Fargo & Company during the second quarter worth about $31,000. Finally, Imprint Wealth LLC acquired a new position in shares of Wells Fargo & Company during the third quarter worth about $31,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Wells Fargo & Company Trading Up 1.3%

WFC opened at $80.62 on Thursday. Wells Fargo & Company has a one year low of $58.42 and a one year high of $97.76. The company has a market cap of $248.75 billion, a P/E ratio of 12.86, a PEG ratio of 0.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50-day simple moving average is $84.09 and its 200-day simple moving average is $86.21.

Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. The firm had revenue of $21.29 billion during the quarter, compared to analysts’ expectations 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 revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. As a group, equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.71%.

Insiders Place Their Bets

In other news, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the completion of the sale, the executive vice president owned 169,496 shares in the company, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the completion of the transaction, the executive vice president owned 83,478 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Jefferies Financial Group initiated coverage on shares of Wells Fargo & Company in a research note on Thursday, March 26th. They issued a “buy” rating and a $100.00 price target for the company. Freedom Capital cut shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Argus increased their price objective on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Wells Fargo & Company in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.13.

Key Stories Impacting Wells Fargo & Company

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 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.