Mn Services Vermogensbeheer B.V. Acquires 14,600 Shares of Wells Fargo & Company $WFC

Key Points

• Mn Services Vermogensbeheer B.V. increased its Wells Fargo stake by 1.6% in the third quarter, purchasing 14,600 additional shares and bringing its holdings to 907,481 shares valued at approximately $72.6 million.
• Institutional investors and hedge funds own 75.9% of Wells Fargo’s stock. The shares recently traded at $82.08, below the analyst consensus price target of $99.47, with a “Moderate Buy” consensus rating.
• Wells Fargo reported quarterly earnings of $1.96 per share, exceeding expectations, while revenue rose 8.6% year over year. The company also raised its quarterly dividend to $0.50 per share, yielding about 2.4% annually.

Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 907,481 shares of the financial services provider's stock after buying an additional 14,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Wells Fargo & Company were worth $72,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WFC. Phillip James Consulting Co. purchased a new stake in Wells Fargo & Company in the first quarter valued at $28,000. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Wells Fargo & Company during the 2nd quarter valued at about $28,000. Main Street Group LTD acquired a new position in shares of Wells Fargo & Company in the 1st quarter valued at about $29,000. Dunhill Financial LLC acquired a new position in shares of Wells Fargo & Company in the 2nd quarter valued at about $30,000. Finally, Portus Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the first quarter worth about $33,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Performance

WFC opened at $82.08 on Friday. The firm's fifty day simple moving average is $85.89 and its two-hundred day simple moving average is $83.18. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76. The company has a market cap of $248.23 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.86 and a beta of 0.96. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.23. The business had revenue of $22.62 billion during the quarter, compared to analysts' expectations of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 earnings per share. Equities analysts anticipate that Wells Fargo & Company will post 7.27 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Wells Fargo & Company's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company's payout ratio is currently 29.07%.

Analyst Ratings Changes

Several brokerages recently weighed in on WFC. Truist Financial lifted their price target on Wells Fargo & Company from $94.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, October 1st. HSBC began coverage on shares of Wells Fargo & Company in a research note on Monday, September 28th. They set a "buy" rating and a $108.00 price objective on the stock. UBS Group cut their target price on shares of Wells Fargo & Company from $104.00 to $102.00 and set a "buy" rating for the company in a report on Monday. Raymond James Financial reiterated a "market perform" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Finally, Robert W. Baird increased their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $99.47.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: TD Cowen initiated coverage with a Buy rating and a $95 price target, implying meaningful upside from recent trading levels. TD Cowen Wells Fargo analyst coverage
• Positive Sentiment: Options activity was unusually strong, with traders purchasing 88,948 WFC call contracts—more than double the average daily volume. This suggests increased short-term bullish speculation, though options activity is not a guarantee of future gains.
• Positive Sentiment: Morgan Stanley recently upgraded Wells Fargo to Overweight, named it a top pick, and assigned a $102 target, reinforcing the view that the stock’s valuation may be attractive after its recent reset. Morgan Stanley Wells Fargo upgrade
• Neutral Sentiment: Wells Fargo is reportedly discussing a potential agreement with Kraken parent Payward to provide liquidity for crypto trading. The deal could expand fee-generating capabilities, but discussions are preliminary, unconfirmed, and carry regulatory and execution risks. Wells Fargo Payward crypto liquidity discussions
• Neutral Sentiment: Analysts are preparing for Wells Fargo’s third-quarter 2026 results, with attention on revenue, net interest income, credit quality, and expense trends. The earnings preview itself does not provide a new estimate or guidance change. Wells Fargo third-quarter earnings preview
• Negative Sentiment: The Department of Housing and Urban Development is investigating whether Wells Fargo’s programs intended to increase Black and minority homeownership violated fair-lending laws. The probe creates potential legal costs, reputational damage, and renewed concerns about regulatory scrutiny—pressuring the stock after the report. Wells Fargo HUD lending probe
• Negative Sentiment: Analysts note that sharply rising bond yields can pressure banks through higher funding costs, unrealized securities losses, and weaker loan demand ahead of third-quarter results. Banks under pressure from rising yields

Wells Fargo & Company Profile

Wells Fargo & Company NYSE: WFC is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.

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