Korea Investment CORP Increases Holdings in Wells Fargo & Company $WFC

Korea Investment CORP boosted its position in shares of Wells Fargo & Company (NYSE:WFC) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,387,645 shares of the financial services provider’s stock after purchasing an additional 170,073 shares during the period. Wells Fargo & Company comprises 0.6% of Korea Investment CORP’s holdings, making the stock its 22nd biggest holding. Korea Investment CORP’s holdings in Wells Fargo & Company were worth $315,729,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new position in Wells Fargo & Company during the 4th quarter valued at about $25,000. Navalign LLC bought a new position in Wells Fargo & Company during the 4th quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new position in Wells Fargo & Company during the 3rd quarter valued at about $27,000. Joseph Group Capital Management bought a new position in Wells Fargo & Company during the 4th quarter valued at about $28,000. Finally, Core Wealth Advisors LLC bought a new position in Wells Fargo & Company during the 4th quarter valued at about $29,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company News Roundup

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

• Positive Sentiment: Wells Fargo highlighted its balance-sheet strategy and said it expects about $50 billion in net interest income for 2026, supported by loan and deposit trends. That reinforces the bank’s earnings outlook and may be helping sentiment on the stock. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Analysts and market commentary continue to point to WFC as an attractive dividend stock, which can support demand for the shares among income-focused investors. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo announced a $1 million donation to support skilled trades training and workforce development in Pennsylvania, a reputationally positive move that underscores its community investment efforts. Wells Fargo Pledges $1 Million Donation Toward Skilled Trades in Pennsylvania
• Neutral Sentiment: Wells Fargo is also being mentioned in connection with Tilly’s extending a credit agreement with the bank. This is more of a client-services headline than a direct stock-moving catalyst for WFC. Tilly’s Extends Credit Agreement Maturity with Wells Fargo
• Negative Sentiment: Wells Fargo was named in a DOJ subpoena related to Trump-era “debanking” claims, which adds regulatory overhang and could weigh on the stock if the probe broadens or creates legal costs. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report
• Neutral Sentiment: A video discussing summer food inflation referenced Wells Fargo’s Agri-Food Institute, but it appears more macroeconomic and consumer-focused than directly tied to WFC’s fundamentals. Best ways to barbecue on a budget this summer

Wells Fargo & Company Price Performance

NYSE WFC opened at $83.67 on Friday. 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 firm’s 50 day moving average price is $79.56 and its 200-day moving average price is $84.66. Wells Fargo & Company has a 52-week low of $71.93 and a 52-week high of $97.76. The company has a market cap of $256.05 billion, a PE ratio of 12.91, a P/E/G ratio of 0.97 and a beta of 0.93.

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. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The firm had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period last year, the firm earned $1.39 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Wells Fargo & Company will post 6.84 EPS for the current fiscal year.

Wells Fargo & Company Dividend Announcement

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

Analyst Upgrades and Downgrades

WFC has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Monday, April 20th. The Goldman Sachs Group cut their price target 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 price target on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Truist Financial cut their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, Keefe, Bruyette & Woods cut 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. Two equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.53.

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.