Wells Fargo & Company $WFC Shares Sold by Illinois Municipal Retirement Fund

Posted by Mitch Edgeman on Jul 16th, 2026

Illinois Municipal Retirement Fund reduced its position in shares of Wells Fargo & Company (NYSE:WFC) by 5.0% in the first quarter, HoldingsChannel.com reports. The firm owned 313,790 shares of the financial services provider’s stock after selling 16,486 shares during the period. Illinois Municipal Retirement Fund’s holdings in Wells Fargo & Company were worth $24,981,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Diversified Trust Co. lifted its holdings in Wells Fargo & Company by 59.7% in the 4th quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock valued at $3,289,000 after acquiring an additional 13,196 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Wells Fargo & Company by 19.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 532,300 shares of the financial services provider’s stock worth $49,610,000 after purchasing an additional 84,902 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of Wells Fargo & Company by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after purchasing an additional 14,168 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Wells Fargo & Company by 4.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after purchasing an additional 17,302 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its holdings in shares of Wells Fargo & Company by 12.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 283,582 shares of the financial services provider’s stock worth $23,770,000 after purchasing an additional 32,094 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Up 2.5%

WFC stock opened at $87.42 on Thursday. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76. The company’s 50 day simple moving average is $81.03 and its 200-day simple moving average is $83.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $267.52 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.98 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts anticipate that Wells Fargo & Company will post 6.98 EPS for the current year.

Wells Fargo & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s payout ratio is 26.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WFC. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Monday, April 20th. HSBC upgraded Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised their price objective on Wells Fargo & Company from $86.50 to $93.50 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Finally, UBS Group decreased their target price on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.50.

View Our Latest Analysis on WFC

Trending Headlines about Wells Fargo & Company

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

Positive Sentiment: Wells Fargo posted Q2 EPS of about $2.00, topping estimates, while revenue of $22.62 billion also beat forecasts, reinforcing the earnings momentum. Wells Fargo & Co (WFC) Q2 2026 Earnings Call Highlights: Strong Earnings and Revenue Growth …
Positive Sentiment: Results were helped by rising interest income, loan growth, fee income, and stronger performance in investment banking and wealth management, all of which support a better earnings outlook. Wells Fargo Profit Beats Estimates on Wealth, Investment Banking
Positive Sentiment: The company plans to raise its third-quarter common dividend by 11% to $0.50 and continue buybacks, signaling confidence in capital strength and shareholder returns. Wells Fargo intends to hike Q3 common stock dividend by 11% to $0.50
Positive Sentiment: Analysts turned more constructive, with at least one firm reiterating a Buy rating and another upgrade citing NII growth, loan growth, and buybacks as reasons for re-rating potential. Wells Fargo: Buy Rating Reiterated as Analyst Sees Re-Rating Potential and Keeps $102 Price Target Unchanged
Neutral Sentiment: Wells Fargo is expanding its Chicago presence with more branches, a long-term growth move that may help deposits and customer acquisition but is unlikely to move the stock immediately. Wells Fargo & Co. strengthening foothold in Chicago with more branches
Neutral Sentiment: Keefe, Bruyette & Woods trimmed its price target to $94 from $98 while keeping a Market Perform rating, which tempers some of the post-earnings enthusiasm. Benzinga report on Wells Fargo price target cut
Negative Sentiment: Management acknowledged pressure on net interest margin, indicating that earnings growth may not be linear even with strong loan and fee trends. WFC Q2 Earnings Call Highlights Growth Push Amid NIM Pressure

Wells Fargo & Company Profile

(Free Report)

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.