Wells Fargo & Company $WFC Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP trimmed its Wells Fargo stake by 9.9% in Q3, selling 351,698 shares and retaining 3,217,572 shares worth about $269.7 million (WFC is its 27th-largest position, ~0.6% of holdings).
• Company insiders sold a total of 115,000 shares (~$10.05 million) in the last quarter — including EVP Ellen R. Patterson (60,000 shares at $87.40) and EVP Kleber Santos (25,000 shares at $87.72) — leaving insiders with just 0.08% ownership.

Korea Investment CORP reduced its holdings in Wells Fargo & Company (NYSE:WFC - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,217,572 shares of the financial services provider's stock after selling 351,698 shares during the period. Wells Fargo & Company makes up 0.6% of Korea Investment CORP's holdings, making the stock its 27th biggest position. Korea Investment CORP owned 0.10% of Wells Fargo & Company worth $269,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Wells Fargo & Company by 0.4% in the second quarter. Vanguard Group Inc. now owns 302,092,955 shares of the financial services provider's stock valued at $24,203,688,000 after purchasing an additional 1,341,222 shares during the last quarter. Norges Bank purchased a new stake in Wells Fargo & Company in the 2nd quarter valued at $3,990,551,000. Massachusetts Financial Services Co. MA grew its holdings in Wells Fargo & Company by 7.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,859,680 shares of the financial services provider's stock valued at $1,496,998,000 after buying an additional 1,223,999 shares in the last quarter. Amundi increased its stake in shares of Wells Fargo & Company by 18.2% in the 2nd quarter. Amundi now owns 14,155,753 shares of the financial services provider's stock worth $1,165,868,000 after acquiring an additional 2,180,693 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Wells Fargo & Company by 1.1% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,469,766 shares of the financial services provider's stock worth $678,598,000 after acquiring an additional 88,358 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Ellen R. Patterson sold 60,000 shares of the company'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 transaction of $5,244,000.00. Following the sale, the executive vice president directly owned 169,496 shares in the company, valued at approximately $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kleber Santos sold 25,000 shares of the company'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 transaction of $2,193,000.00. Following the sale, the executive vice president owned 79,876 shares in the company, valued at $7,006,722.72. The trade was a 23.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 in the last quarter. 0.08% of the stock is owned by company insiders.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: Federal Reserve ends its 2018 enforcement action related to the fake‑accounts scandal, removing a long‑running regulatory overhang that could free Wells Fargo to accelerate capital returns and strategic initiatives. Wells Fargo's 2018 Enforcement Action Terminated by the Federal Reserve
• Positive Sentiment: Wells Fargo added a $1.7 billion UBS advisor team to its independent wealth channel, boosting AUM and fee revenue growth potential in wealth management. Wells Fargo Recruits $1.7 Billion UBS Financial Advisor Team
• Positive Sentiment: Several outlets highlight Wells Fargo as a steady dividend payer and draw for income investors, which supports a valuation floor amid volatility. Set It and Forget It: The Dividend Stocks Worth Holding for the Rest of Your Life
• Neutral Sentiment: Wells Fargo published its 2027 quarterly earnings release schedule (administrative item); useful for investors tracking upcoming results and guidance windows. Wells Fargo Announces 2027 Earnings Release Date Information
• Neutral Sentiment: Analyst coverage is mixed-to-supportive (average "Moderate Buy"), and WFC has attracted recent investor attention in screeners — signals that the stock remains on institutional radars. Wells Fargo & Company NYSE: WFC Receives Average Rating of "Moderate Buy" from Analysts
• Negative Sentiment: Macro and sector pressure: banks were broadly sold after a disappointing U.S. jobs report and oil price volatility tied to the Middle East, weighing on WFC alongside peers. Investors Dump Bank, Brokerage Stocks As Oil Spikes and Jobs Report Disappoints
• Negative Sentiment: Negative headlines and opinion pieces arguing there are reasons to avoid WFC may drive short‑term selling or caution among retail investors despite the regulatory clearance. 3 Reasons to Avoid WFC and 1 Stock to Buy Instead

Wells Fargo & Company Price Performance

Shares of WFC opened at $80.44 on Friday. The company has a market cap of $248.21 billion, a P/E ratio of 12.83, a PEG ratio of 0.88 and a beta of 1.08. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week 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 1.05. The firm's 50 day moving average price is $89.46 and its 200 day moving average price is $86.60.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company had revenue of $21.29 billion during the quarter, compared to analysts' expectations of $21.63 billion. During the same quarter last year, the company posted $1.43 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. On average, research analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company's payout ratio is presently 28.71%.

Analyst Ratings Changes

WFC has been the topic of several recent research reports. UBS Group reissued a "buy" rating and set a $113.00 price target on shares of Wells Fargo & Company in a research report on Wednesday, February 4th. Robert W. Baird upgraded shares of Wells Fargo & Company from an "underperform" rating to a "neutral" rating and set a $85.00 price objective for the company in a research report on Friday, February 13th. Freedom Capital downgraded shares of Wells Fargo & Company from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 15th. CICC Research initiated coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They issued a "market perform" rating and a $96.00 target price on the stock. Finally, Argus increased their price target on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and an average target price of $97.03.

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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