Pzena Investment Management LLC Sells 1,207,519 Shares of Wells Fargo & Company $WFC

Pzena Investment Management LLC reduced its holdings in Wells Fargo & Company (NYSE:WFC) by 12.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,773,128 shares of the financial services provider’s stock after selling 1,207,519 shares during the quarter. Wells Fargo & Company comprises 2.3% of Pzena Investment Management LLC’s holdings, making the stock its 20th biggest holding. Pzena Investment Management LLC’s holdings in Wells Fargo & Company were worth $698,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Wells Fargo & Company in the 4th quarter valued at about $4,512,563,000. Capital Research Global Investors raised its holdings in Wells Fargo & Company by 4.9% during the fourth quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after acquiring an additional 1,760,484 shares in the last quarter. Legal & General Group Plc boosted its position in Wells Fargo & Company by 0.9% during the fourth quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock valued at $1,975,600,000 after purchasing an additional 188,186 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Wells Fargo & Company by 13.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after purchasing an additional 2,369,260 shares during the last quarter. Finally, Boston Partners grew its stake in Wells Fargo & Company by 5.2% in the fourth quarter. Boston Partners now owns 9,606,215 shares of the financial services provider’s stock valued at $895,466,000 after purchasing an additional 477,745 shares in the last quarter. 75.90% of the stock is owned by institutional investors.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Morgan Stanley raised its price target on Wells Fargo to $102 from $97, signaling room for further upside even after the recent bank-sector rally. Morgan Stanley Raises its Price Target on Wells Fargo (WFC)
• Positive Sentiment: Wells Fargo passed the Fed’s 2026 stress test and is expected to raise its dividend by about 11% while continuing share buybacks, reinforcing the bank’s capital-return story. Wells Fargo’s Robust Capital Return Strategy: What’s Driving It?
• Positive Sentiment: Another report said Wells Fargo and other large banks plan double-digit dividend increases after clearing the Fed stress test, which may attract income-focused investors. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test (WFC)
• Neutral Sentiment: Media coverage has highlighted that investors are heavily searching Wells Fargo stock, reflecting rising attention ahead of results but not a clear fundamental catalyst. Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
• Neutral Sentiment: Analysts say Wells Fargo still trails elite peers on return on equity and faces falling net interest margins, but earnings could change the narrative if lending volumes and profits surprise higher. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.
• Neutral Sentiment: Barron’s said the stock looks inexpensive ahead of earnings, suggesting valuation support rather than a direct near-term catalyst. Wells Fargo Stock Has Lagged Other Banks. Earnings Can Change That.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday. Jefferies Financial Group started coverage on Wells Fargo & Company in a report on Thursday, March 26th. They issued a “buy” rating and a $100.00 price objective for the company. Truist Financial raised their target price on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Barclays dropped their price target on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.34.

Wells Fargo & Company Trading Up 4.0%

Shares of WFC stock opened at $85.93 on Thursday. The firm has a 50 day moving average price of $79.87 and a two-hundred day moving average price of $84.27. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $262.96 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, topping 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 return on equity of 13.27% and a net margin of 17.26%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 EPS. As a group, analysts predict that Wells Fargo & Company will post 6.98 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 2.1%. Wells Fargo & Company’s payout ratio is 27.78%.

About Wells Fargo & Company

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.