Banque Cantonale Vaudoise Increases Stock Position in Wells Fargo & Company $WFC

Banque Cantonale Vaudoise increased its holdings in Wells Fargo & Company (NYSE:WFC) by 9.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 102,987 shares of the financial services provider’s stock after purchasing an additional 9,169 shares during the period. Banque Cantonale Vaudoise’s holdings in Wells Fargo & Company were worth $8,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Keudell Morrison Wealth Management lifted its position in shares of Wells Fargo & Company by 7.9% during the first quarter. Keudell Morrison Wealth Management now owns 12,113 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 886 shares in the last quarter. Weaver Capital Management LLC grew its position in shares of Wells Fargo & Company by 4.3% in the first quarter. Weaver Capital Management LLC now owns 9,961 shares of the financial services provider’s stock valued at $793,000 after purchasing an additional 413 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of Wells Fargo & Company by 14.0% during the 1st quarter. Cidel Asset Management Inc. now owns 38,768 shares of the financial services provider’s stock valued at $3,086,000 after purchasing an additional 4,775 shares during the period. New Covenant Trust Company N.A. raised its stake in shares of Wells Fargo & Company by 31.5% during the 1st quarter. New Covenant Trust Company N.A. now owns 3,970 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 950 shares during the period. Finally, Amarillo National Bank purchased a new stake in Wells Fargo & Company during the 1st quarter worth about $576,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo completed the Fed’s 2026 stress test and said it intends to lift its third-quarter dividend by 11% to $0.50 per share, a signal of confidence in capital strength and shareholder returns. Article Title
• Positive Sentiment: News that several large banks, including Wells Fargo, are planning dividend increases and stock buybacks supports sentiment around the banking sector and reinforces expectations for capital return to shareholders. Article Title

Wells Fargo & Company Price Performance

Shares of NYSE WFC opened at $84.28 on Thursday. The stock’s 50-day simple moving average is $79.59 and its two-hundred day simple moving average is $84.49. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The firm has a market capitalization of $257.90 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.99 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results 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. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter last year, the company posted $1.39 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Wells Fargo & Company will post 6.86 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 yield of 2.1%. Wells Fargo & Company’s payout ratio is presently 27.78%.

Analyst Ratings Changes

Several brokerages have commented on WFC. Piper Sandler restated an “overweight” rating and issued a $94.00 target price (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods lowered their price target on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a report on Wednesday, April 15th. Truist Financial cut their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. The Goldman Sachs Group reduced their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, Morgan Stanley decreased their target price on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $98.24.

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.