Allspring Global Investments Holdings LLC Acquires 196,747 Shares of Wells Fargo & Company $WFC

Key Points

• Allspring Global Investments increased its Wells Fargo stake by 60.2%, buying 196,747 shares to hold 523,749 shares valued at about $49.86 million at the end of the quarter.
• Brokerage sentiment is constructive — Wells Fargo has an average rating of "Moderate Buy" with an average price target of $98.13 (Jefferies initiated coverage at a $100 target).
• Insiders have been net sellers recently, offloading 115,000 shares (~$10.05 million) over the past three months, while institutional investors own roughly 75.9% of the stock.

Allspring Global Investments Holdings LLC increased its holdings in Wells Fargo & Company (NYSE:WFC) by 60.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,749 shares of the financial services provider's stock after purchasing an additional 196,747 shares during the period. Allspring Global Investments Holdings LLC's holdings in Wells Fargo & Company were worth $49,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFC. Private Wealth Group LLC grew its stake in shares of Wells Fargo & Company by 2.5% in the 4th quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider's stock valued at $421,000 after purchasing an additional 108 shares during the period. Main Street Group LTD lifted its position in shares of Wells Fargo & Company by 36.9% during the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider's stock worth $37,000 after buying an additional 118 shares during the period. D Orazio & Associates Inc. boosted its stake in Wells Fargo & Company by 3.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider's stock valued at $288,000 after buying an additional 118 shares in the last quarter. Stonebrook Private Inc. boosted its stake in Wells Fargo & Company by 2.7% in the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider's stock valued at $378,000 after buying an additional 118 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC grew its position in Wells Fargo & Company by 2.0% in the third quarter. Hidden Cove Wealth Management LLC now owns 5,948 shares of the financial services provider's stock valued at $499,000 after acquiring an additional 119 shares during the period. Institutional investors own 75.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Wells Fargo & Company in a research note on Thursday, March 26th. They set a "buy" rating and a $100.00 price objective for the company. Robert W. Baird raised shares of Wells Fargo & Company from an "underperform" rating to a "neutral" rating and set a $85.00 target price on the stock in a report on Friday, February 13th. The Goldman Sachs Group lowered their target price 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. Evercore reissued an "outperform" rating on shares of Wells Fargo & Company in a report on Friday, March 6th. Finally, TD Cowen reduced their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Wells Fargo & Company has an average rating of "Moderate Buy" and an average price target of $98.13.

Wells Fargo & Company Price Performance

Shares of WFC stock opened at $80.62 on Thursday. The stock's fifty day moving average is $84.09 and its 200-day moving average is $86.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $248.75 billion, a PE ratio of 12.86, a PEG ratio of 0.85 and a beta of 1.06. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.10. The company had revenue of $21.29 billion during the quarter, compared to analyst estimates of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. Equities research analysts expect that Wells Fargo & Company will post 5.89 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, February 6th. Wells Fargo & Company's dividend payout ratio (DPR) is presently 28.71%.

More Wells Fargo & Company News

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

• Positive Sentiment: HSBC upgraded WFC from "hold" to "buy" with a $94 price target, creating fresh buy-side momentum and an implied upside to current levels. HSBC Upgrade
• Positive Sentiment: Broker consensus remains constructive — WFC reportedly has an average rating around "Moderate Buy," which supports continued investor interest in the shares. Brokerage Consensus
• Neutral Sentiment: Market commentary from Wells Fargo's CEO argues Main Street economic indicators are resilient despite geopolitical noise, which can reassure investors that the bank's underlying fundamentals may hold up. CEO Comments
• Neutral Sentiment: Analyst and market pieces are flagging WFC's upcoming quarterly report as a near-term catalyst — expectations and the question of whether WFC will beat consensus will likely drive short-term moves. Earnings Preview
• Negative Sentiment: Morgan Stanley trimmed its price target to $100 and set an "equal weight" rating, which can cap upside and introduces some conflicting analyst views into the tape. Morgan Stanley Target Cut
• Negative Sentiment: Wells Fargo's own equity research cut the 2026 S&P 500 target (to 7,300) citing the U.S.-Iran war and weaker tax receipts — a more cautious macro outlook that increases downside risk for bank shares if geopolitical/headline risk persists. S&P 500 Forecast Cut

Insiders Place Their Bets

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of the business's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the transaction, the executive vice president directly owned 169,496 shares of the company's stock, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. The trade was a 26.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 115,000 shares of company stock valued at $10,050,000. Insiders own 0.08% of the company's stock.

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.

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