Mitsubishi UFJ Asset Management Co. Ltd. Has $537.77 Million Stock Position in Wells Fargo & Company $WFC

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Wells Fargo & Company (NYSE:WFC) by 3.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,415,774 shares of the financial services provider’s stock after acquiring an additional 204,456 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Wells Fargo & Company were worth $537,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens Business Bank increased its holdings in shares of Wells Fargo & Company by 66.7% in the third quarter. Citizens Business Bank now owns 6,650 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 2,661 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Wells Fargo & Company by 71.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 88,176 shares of the financial services provider’s stock worth $7,391,000 after acquiring an additional 36,694 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Wells Fargo & Company by 2.0% in the third quarter. Catalyst Financial Partners LLC now owns 12,607 shares of the financial services provider’s stock valued at $1,057,000 after purchasing an additional 242 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in shares of Wells Fargo & Company by 5.7% in the 3rd quarter. RWA Wealth Partners LLC now owns 26,886 shares of the financial services provider’s stock valued at $2,254,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Waddell & Associates LLC increased its position in shares of Wells Fargo & Company by 6.3% during the 3rd quarter. Waddell & Associates LLC now owns 8,050 shares of the financial services provider’s stock worth $675,000 after purchasing an additional 479 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Insider Transactions at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of Wells Fargo & Company stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the completion of the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at $7,006,722.72. The trade was a 23.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by insiders.

Wells Fargo & Company Price Performance

Shares of WFC opened at $86.63 on Thursday. The business has a 50-day moving average of $91.06 and a 200-day moving average of $86.37. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.84. The company has a market capitalization of $271.94 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) 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 analyst estimates of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 EPS. As a group, equities research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 6th. Wells Fargo & Company’s payout ratio is currently 28.71%.

More Wells Fargo & Company News

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

• Positive Sentiment: February short interest fell sharply (down ~16.7% vs. late January), reducing a potential source of downside pressure and suggesting fewer bearish bets against the stock. This decline can support upward price momentum as short covering reduces sell-side liquidity. Short Interest Report
• Positive Sentiment: Wells Fargo announced it will fully redeem all outstanding Series BB preferred shares (small outstanding amount), removing a fixed-rate dividend obligation and simplifying the capital structure; while the dollar amount is small, investors often view buybacks/redemptions as shareholder-friendly capital management. Wells Fargo Announces Full Redemption of Series BB Preferred Stock
• Positive Sentiment: Leadership update — Wells Fargo named Devine to lead Business Banking, a management move that can reassure investors about execution in a key business line and signal focus on commercial lending growth. Wells Fargo Names Devine to Lead Business Banking
• Neutral Sentiment: Coverage notes and market commentaries (Zacks, Barchart) point out the stock is trading higher today and that WFC has underperformed the Nasdaq over the past year, while analysts remain moderately optimistic — context that can limit upside if broader index leadership remains stronger. Wells Fargo (WFC) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Analyst activity highlighted (Wells Fargo analysts making calls on other companies and sectors) — useful for macro/sector signals but not a direct driver of WFC’s price. Wells Fargo Raises Aflac (AFL) Target
• Negative Sentiment: Competitive and peer developments: HSBC’s strong results and market-cap moves (reported recently) highlight that global peers are posting stronger momentum, which could pressure relative valuation and investor rotation away from banks that are underperforming. HSBC Reports a Beat and a Raise as it Leapfrogs Wells Fargo by Market Cap

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WFC. Wolfe Research reiterated an “outperform” rating and issued a $109.00 target price on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their target price on shares of Wells Fargo & Company from $92.00 to $101.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. TD Cowen lowered their price objective on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. Freedom Capital cut shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, CICC Research assumed coverage on Wells Fargo & Company in a research note on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.03.

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.