Wells Fargo & Company $WFC is Glaxis Capital Management LLC’s 5th Largest Position

Glaxis Capital Management LLC increased its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 36.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,697 shares of the financial services provider’s stock after acquiring an additional 10,000 shares during the quarter. Wells Fargo & Company comprises approximately 5.9% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Glaxis Capital Management LLC’s holdings in Wells Fargo & Company were worth $3,513,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. lifted its stake in Wells Fargo & Company by 5.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 24,890 shares of the financial services provider’s stock worth $2,320,000 after purchasing an additional 1,368 shares during the last quarter. Xponance LLC lifted its stake in Wells Fargo & Company by 4.4% during the fourth quarter. Xponance LLC now owns 502,070 shares of the financial services provider’s stock worth $46,793,000 after purchasing an additional 20,967 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Wells Fargo & Company by 0.6% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,427,647 shares of the financial services provider’s stock worth $133,057,000 after purchasing an additional 7,820 shares during the last quarter. Canopy Partners LLC lifted its stake in Wells Fargo & Company by 1.9% during the fourth quarter. Canopy Partners LLC now owns 6,780 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 126 shares during the last quarter. Finally, Keel Point LLC lifted its stake in Wells Fargo & Company by 10.9% during the fourth quarter. Keel Point LLC now owns 19,542 shares of the financial services provider’s stock worth $1,821,000 after purchasing an additional 1,919 shares during the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $82.45 on Friday. Wells Fargo & Company has a 12 month low of $71.93 and a 12 month high of $97.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $79.50 and a 200-day simple moving average of $84.67. The stock has a market capitalization of $252.32 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate 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 business had revenue of $11.62 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Wells Fargo & Company will post 6.84 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

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

Wells Fargo & Company News Summary

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

• Positive Sentiment: Management reiterated a roughly $50 billion 2026 net interest income target and signaled stronger second-quarter NII, which suggests earnings momentum could improve if loan and deposit trends hold. Wells Fargo’s Long-Dated Funding And NII Outlook Might Change The Case For Investing In WFC
• Positive Sentiment: Wells Fargo continues to attract attention as a dividend stock, reinforcing its appeal for income-focused investors and supporting the valuation case. Why Wells Fargo (WFC) is a Top Dividend Stock for Your Portfolio
• Positive Sentiment: Wells Fargo Advisors’ FiNet unit added a $650 million advisory team from Stifel, a modest sign of franchise growth in wealth management. Wells Fargo’s FiNet Recruits $650 Million Team From Stifel
• Neutral Sentiment: The company also received more supportive coverage around a $1.2 million community grant, which highlights capital-allocation and community-impact efforts but is unlikely to materially move the stock. Wells Fargo Grant Highlights Community Focus And Potential Valuation Upside
• Negative Sentiment: Headlines that the DOJ subpoenaed Wells Fargo in a widening debanking probe add regulatory overhang and could pressure sentiment until there is more clarity. JPMorgan, BofA, Wells Fargo Subpoenaed By DOJ In Trump’s Explosive ‘Debanking’ Crackdown: Report

Analyst Ratings Changes

Several equities research analysts recently weighed in on WFC shares. Wall Street Zen cut Wells Fargo & Company from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Robert W. Baird upgraded Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective for the company in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a research note on Wednesday, April 15th. KGI Securities cut Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. Finally, Barclays reduced their price objective on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.53.

Wells Fargo & Company 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.