Nykredit A S Makes New $191.09 Million Investment in Wells Fargo & Company $WFC

Key Points

• Nykredit A/S acquired 2.31 million Wells Fargo shares worth approximately $191.1 million during the second quarter, making WFC its 29th-largest holding and representing about 0.6% of its portfolio.
• Institutional investors own approximately 75.9% of Wells Fargo, while several other investment firms also increased their positions during the quarter.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $98.61. Wells Fargo recently reported better-than-expected quarterly earnings and raised its quarterly dividend from $0.45 to $0.50 per share.

Nykredit A S acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,312,296 shares of the financial services provider's stock, valued at approximately $191,088,000. Wells Fargo & Company accounts for about 0.6% of Nykredit A S's investment portfolio, making the stock its 29th largest holding. Nykredit A S owned about 0.08% of Wells Fargo & Company at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its stake in shares of Wells Fargo & Company by 3.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 15,048 shares of the financial services provider's stock worth $1,244,000 after purchasing an additional 450 shares during the period. Range Advisory LLC raised its position in Wells Fargo & Company by 14.5% in the second quarter. Range Advisory LLC now owns 5,189 shares of the financial services provider's stock worth $429,000 after acquiring an additional 657 shares during the period. Cornerstone Financial Management LLC boosted its stake in shares of Wells Fargo & Company by 20.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 934 shares of the financial services provider's stock worth $77,000 after acquiring an additional 161 shares during the last quarter. Tucker Asset Management LLC grew its position in shares of Wells Fargo & Company by 2.3% during the 2nd quarter. Tucker Asset Management LLC now owns 6,395 shares of the financial services provider's stock valued at $528,000 after acquiring an additional 142 shares during the period. Finally, Kirkwood Financial Services bought a new position in Wells Fargo & Company in the 2nd quarter worth $1,223,000. Institutional investors own 75.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WFC. Weiss Ratings reissued a "buy (b)" rating on shares of Wells Fargo & Company in a report on Friday, July 17th. Raymond James Financial reiterated a "market perform" rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a research note on Sunday, June 14th. Finally, Morgan Stanley increased their price target on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of "Moderate Buy" and a consensus target price of $98.61.

More Wells Fargo & Company News

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

• Positive Sentiment: Wells Fargo indicated that 2026 loan growth is strengthening as resilient consumers, improving margins and business momentum support expansion. Management also expects investment-banking fees and markets revenue to increase year over year, while continuing share repurchases. Wells Fargo Highlights Stronger Growth Momentum at Barclays Conference
• Positive Sentiment: The bank raised its prime rate to 7.00% from 6.75%, which can support interest income on variable-rate loans and credit products. The benefit could be partly offset if deposit costs rise. Wells Fargo Bank Increases Prime Rate to 7.00 Percent
• Positive Sentiment: Wells Fargo launched ExpressSend Mobile, an international remittance service within its banking app. The feature may improve customer engagement and generate additional fee revenue, although the near-term earnings impact is likely limited. Wells Fargo Adds Remittance Function to Mobile Banking App
• Neutral Sentiment: Wells Fargo research initiated Overweight coverage on several AI infrastructure and bitcoin-mining companies, including Cipher Mining, Applied Digital, Core Scientific, Hut 8 and TeraWulf. The calls benefit those stocks directly but have little immediate effect on WFC’s own earnings.
• Negative Sentiment: Higher rates may improve loan yields, but they also increase deposit and wholesale funding costs and could pressure borrower demand and consumer credit quality. This rate sensitivity helps explain why the stock has not fully reflected the stronger loan outlook. Fed Hikes Rates for the First Time in 3 Years
• Negative Sentiment: The NAHB/Wells Fargo Housing Market Index fell to 32 in September, a one-year low and below expectations. Weak builder sentiment signals continued pressure in housing-related lending and mortgage activity. U.S. Housing Market Index Pulls Back to One-Year Low

Wells Fargo & Company Stock Performance

WFC opened at $86.89 on Friday. The stock has a market capitalization of $262.76 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.95 and a beta of 0.92. The company has a fifty day moving average of $87.27 and a 200 day moving average of $82.80. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business had revenue of $22.62 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter in the previous year, the company earned $1.60 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Wells Fargo & Company will post 7.25 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently declared 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 was Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.3%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.45. Wells Fargo & Company's dividend payout ratio (DPR) is 29.07%.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company that provides banking, lending, investment, and wealth management services to consumers, businesses, and institutions. Its offerings include checking and savings accounts, credit cards, mortgages, auto loans, personal lending, commercial financing, and treasury management services.

The company operates through businesses that include consumer and small-business banking, commercial banking, corporate and investment banking, and wealth and investment management.

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