Strs Ohio Has $137.35 Million Holdings in Wells Fargo & Company $WFC

Key Points

• Strs Ohio trimmed its Wells Fargo stake by 5.4% to 1,473,662 shares valued at about $137.35 million, making WFC roughly 0.5% of its portfolio and its 28th largest holding.
• About 75.9% of WFC is owned by institutional investors, and analysts' consensus is a Moderate Buy with an average price target of $97.53.
• Wells Fargo beat Q1 EPS estimates with $1.60 (vs. $1.58) and announced a quarterly dividend of $0.45 (annualized $1.80), implying a yield of 2.2%.

Strs Ohio cut its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,473,662 shares of the financial services provider's stock after selling 84,385 shares during the quarter. Wells Fargo & Company accounts for about 0.5% of Strs Ohio's investment portfolio, making the stock its 28th largest holding. Strs Ohio's holdings in Wells Fargo & Company were worth $137,345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors increased its position in Wells Fargo & Company by 18.6% in the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider's stock worth $2,989,104,000 after purchasing an additional 5,584,930 shares during the last quarter. Danske Bank A S acquired a new position in Wells Fargo & Company in the 3rd quarter worth about $215,638,000. M&G PLC increased its position in Wells Fargo & Company by 320.3% in the 3rd quarter. M&G PLC now owns 2,946,277 shares of the financial services provider's stock worth $247,487,000 after purchasing an additional 2,245,307 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Wells Fargo & Company in the 4th quarter worth about $173,651,000. Finally, Mawer Investment Management Ltd. acquired a new position in Wells Fargo & Company in the 3rd quarter worth about $147,165,000. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on WFC shares. Evercore reaffirmed an "outperform" rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. Argus upped their target price on Wells Fargo & Company from $94.00 to $101.00 and gave the stock a "buy" rating in a research report on Thursday, January 15th. Wall Street Zen lowered Wells Fargo & Company from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. KGI Securities lowered Wells Fargo & Company to a "hold" rating in a research report on Thursday, April 16th. Finally, Robert W. Baird raised Wells Fargo & Company from an "underperform" rating to a "neutral" rating and set a $85.00 target price on the stock in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $97.53.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Shareholders approved the board slate, executive pay and the auditor at the April 28 annual meeting, reducing governance uncertainty that has weighed on WFC in prior years. Wells Fargo Shareholders Back Board, Pay and Auditor
• Positive Sentiment: Wells Fargo is partnering with Mastercard to improve B2B card payments — a strategic product initiative that could help grow fee income and commercial card penetration over time. Mastercard and Wells Fargo Target the Friction Slowing B2B Cards
• Neutral Sentiment: Wells Fargo analysts remain active on other names (e.g., reiterating a Buy on Hinge Health), a sign the bank’s research franchise is operating normally but with limited direct impact on WFC’s share price. Analyst Reiterates Buy on Hinge Health
• Neutral Sentiment: Wells Fargo’s research has influenced other coverage (for example, an upgrade at OGE noted Wells Fargo’s inputs) — informative for reputation but not a direct stock driver for WFC. OGE Stock Raised To $47 As Analysts See New Momentum Building
• Negative Sentiment: JPMorgan cut its price target on WFC from $91 to $86.50 and moved to a "neutral" rating — an analyst downgrade/call that can pressure the stock by reducing upside expectations and prompting some investors to trim positions. JPMorgan Lowers Price Target on Wells Fargo
• Negative Sentiment: Media narratives question whether large banks will lose ground to fintech — a thematic risk that can weigh on valuation multiples for incumbents like WFC if investors rotate into fintech growth stories. Should You Forget Big Banks and Bet on Fintech Instead?
• Negative Sentiment: Ongoing concerns about banks’ exposure to private credit are front‑and‑center; any material exposure or stress in that sector could create credit‑loss risk for WFC and keep sentiment muted. Here's How Much Exposure JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup Have to Private Credit
• Negative Sentiment: WFC’s CEO offered a blunt take on the U.S. economy in recent comments, which may reinforce cautious investor views on loan growth and credit quality if macro concerns persist. Wells Fargo CEO puts blunt label on U.S. economy

Wells Fargo & Company Stock Performance

Shares of NYSE WFC opened at $80.90 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 has a market cap of $247.56 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.97 and a beta of 0.96. The business's 50-day simple moving average is $80.85 and its 200-day simple moving average is $86.14. Wells Fargo & Company has a 52 week low of $71.89 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its earnings results 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. The firm had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The company's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. As a group, equities research analysts expect that Wells Fargo & Company will post 6.82 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is 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 (DPR) is 27.78%.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the sale, the executive vice president owned 79,876 shares of the company's stock, valued at $7,006,722.72. This trade represents a 23.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ellen R. Patterson sold 60,000 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 169,496 shares in the company, valued at $14,813,950.40. This trade represents a 26.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,000 shares of company stock valued at $10,050,000 in the last 90 days. 0.14% of the stock is currently owned by insiders.

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.

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