Wells Fargo & Company $WFC Position Trimmed by Black Cypress Capital Management LLC

Key Points

• Black Cypress Capital Management cut its Wells Fargo stake by 49.3% in the fourth quarter, leaving it with 43,427 shares worth about $4.0 million. Even after the trim, WFC remained its 13th-largest position.
• Institutional interest remains strong overall, with 75.9% of Wells Fargo shares held by institutions and several large investors recently adding to their positions, including Norges Bank and Capital Research Global Investors.
• Recent commentary and management updates are generally constructive: analysts have a consensus “Moderate Buy” rating with a $97.53 price target, and Wells Fargo has signaled stronger Q2 fee income, including mid-teen growth in investment banking, markets, and trading revenue.

Black Cypress Capital Management LLC trimmed its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 49.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,427 shares of the financial services provider's stock after selling 42,239 shares during the period. Wells Fargo & Company comprises approximately 2.8% of Black Cypress Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Black Cypress Capital Management LLC's holdings in Wells Fargo & Company were worth $4,047,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WFC. Norges Bank bought a new stake in Wells Fargo & Company during the fourth quarter worth approximately $4,512,563,000. Capital Research Global Investors boosted its holdings in Wells Fargo & Company by 18.6% during the third quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider's stock worth $2,989,104,000 after buying an additional 5,584,930 shares in the last quarter. Danske Bank A S bought a new stake in Wells Fargo & Company during the third quarter worth approximately $215,638,000. M&G PLC boosted its holdings in Wells Fargo & Company by 320.3% during the third quarter. M&G PLC now owns 2,946,277 shares of the financial services provider's stock worth $247,487,000 after buying an additional 2,245,307 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Wells Fargo & Company during the fourth quarter worth approximately $173,651,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WFC. Truist Financial decreased their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a "buy" rating for the company in a research note on Tuesday, March 17th. KGI Securities lowered shares of Wells Fargo & Company to a "hold" rating in a research note on Thursday, April 16th. The Goldman Sachs Group decreased their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, March 23rd. Wall Street Zen raised shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Phillip Securities raised shares of Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, May 7th. 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 stock. Based on data from MarketBeat, Wells Fargo & Company presently has an average rating of "Moderate Buy" and a consensus price target of $97.53.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo signaled strong Q2 fee-income growth, with mid-teen investment banking and markets gains plus higher wealth management revenue expected to support results. Wells Fargo Signals Strong Q2 Fee Income Growth at Bernstein Conference
• Positive Sentiment: CEO Charlie Scharf also said Wells Fargo expects investment banking and trading revenue to rise by mid-teen percentages in Q2, reinforcing the view that fee businesses are improving. Wells Fargo CEO sees mid-teens growth in investment banking, trading 2026-05-27
• Neutral Sentiment: Wells Fargo’s Bernstein conference transcript mainly provided more detail on management’s outlook and did not add a major new catalyst beyond the stronger fee-income message. Wells Fargo & Company (WFC) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Broader market commentary showed Goldman Sachs expects record-level M&A activity in 2026, which is constructive for bank deal-making, but this was an industry-wide note rather than a Wells Fargo-specific announcement. GS Expects Record Global M&A in 2026: Will This Boost Its IB Business?
• Negative Sentiment: Some recent commentary remains cautious on Wells Fargo’s upside, with one analysis arguing the bank keeps improving but that the stock’s near-term upside looks limited. Wells Fargo Keeps Improving, But The Upside Looks Weak
• Negative Sentiment: Wells Fargo has also been warning that small-cap market strength may not be sustainable, citing weakening earnings estimates and higher debt levels, which reflects a more cautious macro view. Small-cap stocks are rallying, but here’s why Wells Fargo says its better to sell than buy

Wells Fargo & Company Trading Up 1.1%

Shares of NYSE:WFC opened at $77.46 on Friday. The firm has a fifty day moving average of $79.06 and a two-hundred day moving average of $84.91. The firm has a market capitalization of $237.05 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96. Wells Fargo & Company has a 12-month low of $71.93 and a 12-month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued 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 company had revenue of $11.62 billion during the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, equities analysts expect that Wells Fargo & Company will post 6.84 EPS for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. Wells Fargo & Company's dividend payout ratio (DPR) is currently 27.78%.

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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