Wells Fargo & Company $WFC Shares Bought by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its Wells Fargo stake by 4.8% in the third quarter, adding 86,749 shares to reach 1.88 million shares valued at about $150.8 million. Institutional investors collectively own 75.9% of the company.
• Wells Fargo reported quarterly earnings of $1.87 per share, topping estimates of $1.85, while revenue of $21.87 billion fell short of expectations; revenue rose 2% year over year.
• The bank declared a quarterly dividend of $0.50 per share, equivalent to a 2.4% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $97.50.

Pictet Asset Management Holding SA lifted its position in shares of Wells Fargo & Company (NYSE:WFC - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,883,449 shares of the financial services provider's stock after buying an additional 86,749 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Wells Fargo & Company worth $150,770,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Capstone Financial Advisors Inc. boosted its position in Wells Fargo & Company by 3.5% during the second quarter. Capstone Financial Advisors Inc. now owns 3,354 shares of the financial services provider's stock valued at $277,000 after acquiring an additional 113 shares during the last quarter. MFA Wealth Services raised its position in shares of Wells Fargo & Company by 0.7% in the 2nd quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider's stock worth $1,381,000 after acquiring an additional 115 shares in the last quarter. Hidden Cove Wealth Management LLC raised its position in shares of Wells Fargo & Company by 1.8% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider's stock worth $566,000 after acquiring an additional 124 shares in the last quarter. Five Oceans Advisors lifted its stake in shares of Wells Fargo & Company by 3.6% in the 2nd quarter. Five Oceans Advisors now owns 3,625 shares of the financial services provider's stock valued at $300,000 after purchasing an additional 125 shares during the period. Finally, Pines Wealth Management LLC lifted its stake in shares of Wells Fargo & Company by 1.5% in the 2nd quarter. Pines Wealth Management LLC now owns 8,650 shares of the financial services provider's stock valued at $715,000 after purchasing an additional 126 shares during the period. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Price Performance

Shares of WFC opened at $83.99 on Monday. The business's fifty day moving average is $84.41 and its 200 day moving average is $83.60. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.14. The stock has a market cap of $252.11 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.90 and a beta of 0.93.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.02. Wells Fargo & Company had a net margin of 17.64% and a return on equity of 14.05%. The business had revenue of $21.87 billion during the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the previous year, the business posted $1.66 EPS. Wells Fargo & Company's quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts anticipate that Wells Fargo & Company will post 7.27 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 6th. Wells Fargo & Company's dividend payout ratio (DPR) is currently 28.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WFC. Keefe, Bruyette & Woods cut their target price on Wells Fargo & Company from $94.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 14th. Royal Bank Of Canada decreased their target price on Wells Fargo & Company from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, October 14th. Phillip Securities lowered their target price on Wells Fargo & Company from $115.00 to $105.00 in a report on Thursday, October 15th. Morgan Stanley dropped their price target on Wells Fargo & Company from $102.00 to $101.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 14th. Finally, TD Cowen assumed coverage on Wells Fargo & Company in a research note on Thursday, October 8th. They issued a "buy" rating and a $95.00 price target on the stock. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.50.

Key Headlines Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo’s corporate and investment banking chief Fernando Rivas described a “now or never” push among some dealmakers to complete transactions ahead of the 2028 election. More M&A activity could support advisory and financing fees; the bank is also looking at financing for AI infrastructure. Article: Wells Fargo exec sees ‘now or never’ M&A attitude
• Positive Sentiment: A Seeking Alpha article argued WFC could offer attractive 13-month total-return potential, while a Zacks report noted the average brokerage recommendation is bullish. These are supportive sentiment signals, though the coverage does not provide a new company-specific financial catalyst. Article: Wells Fargo: A Big Bank With Bigger 13-Month Total Return Potential Article: Is It Worth Investing in Wells Fargo Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Wells Fargo is adding restructuring expertise by hiring former Deutsche Bank executive Philip Saliba. The move expands its leveraged-finance capabilities, but the report gives no expected revenue or earnings impact. Article: Wells Fargo Builds Out Restructuring Capability With Deutsche Bank Hire
• Negative Sentiment: A couple is suing Wells Fargo over allegedly unauthorized wire transfers totaling $72,360; the bank denies the claim. The dispute is a potential reputational and legal overhang, though no broader impact was reported. Article: Wells Fargo denies couple’s fraud claim

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified financial services company offering banking, lending, investment, and wealth management services. Its products include checking and savings accounts, credit cards, mortgages, auto loans, commercial financing, investment services, and financial advice.

The company serves consumers, businesses, and institutions, primarily in the United States. Its operations include consumer and small business banking, commercial banking, and corporate and investment banking, as well as wealth and investment management.

Wells Fargo traces its origins to 1852, when Henry Wells and William G.

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