USS Investment Management Ltd Raises Position in Wells Fargo & Company $WFC

USS Investment Management Ltd increased its stake in Wells Fargo & Company (NYSE:WFC) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 534,992 shares of the financial services provider’s stock after purchasing an additional 8,299 shares during the quarter. USS Investment Management Ltd’s holdings in Wells Fargo & Company were worth $42,583,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Private Wealth Group LLC increased its position in Wells Fargo & Company by 2.5% in the fourth quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock worth $421,000 after buying an additional 108 shares during the last quarter. Nixon Peabody Trust Co. raised its stake in shares of Wells Fargo & Company by 3.6% in the fourth quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock valued at $312,000 after buying an additional 115 shares during the period. Simmons Bank lifted its position in shares of Wells Fargo & Company by 1.9% during the 4th quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock valued at $593,000 after buying an additional 116 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of Wells Fargo & Company by 1.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 12,048 shares of the financial services provider’s stock valued at $1,123,000 after buying an additional 117 shares during the last quarter. Finally, Wood Tarver Financial Group LLC grew its stake in shares of Wells Fargo & Company by 1.6% during the 4th quarter. Wood Tarver Financial Group LLC now owns 7,754 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo said it plans an 11% dividend increase and ongoing share repurchases after passing the 2026 Federal Reserve stress test, reinforcing confidence in its capital strength and supporting the case for more cash returned to investors. Article Title
• Positive Sentiment: Wells Fargo also issued a bullish market view, telling investors to get ready for a summer rally and arguing that recent volatility was likely temporary, which may have helped sentiment around the bank and its outlook for trading and investment banking activity. Article Title
• Positive Sentiment: Broader bank-news coverage noted that large U.S. banks passing the Fed stress tests are rewarding shareholders with higher dividends and buybacks, which can lift expectations for Wells Fargo’s own capital return trajectory. Article Title
• Neutral Sentiment: Wells Fargo was also mentioned in unrelated coverage about AMD, Nextpower, Bloom Energy, and other companies, but those stories do not appear to have a direct fundamental impact on WFC. Article Title

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $82.66 on Wednesday. The stock has a market cap of $252.95 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $79.79 and a 200-day moving average of $84.32.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. Equities research analysts anticipate that Wells Fargo & Company will post 6.99 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WFC. JPMorgan Chase & Co. decreased their price objective on Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group dropped their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Barclays cut their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, April 1st. Finally, KGI Securities lowered shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.34.

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.