Mach 1 Financial Group LLC Makes New Investment in Wells Fargo & Company $WFC

21 May 2026, 08:20 by Renee Jackson · The Cerbat Gem

Mach 1 Financial Group LLC acquired a new position in shares of Wells Fargo & Company (NYSE:WFC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 41,407 shares of the financial services provider’s stock, valued at approximately $3,859,000. Wells Fargo & Company accounts for approximately 0.8% of Mach 1 Financial Group LLC’s holdings, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversified Trust Co. grew its position in Wells Fargo & Company by 59.7% during the 4th quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock worth $3,289,000 after purchasing an additional 13,196 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in Wells Fargo & Company during the 3rd quarter worth approximately $147,165,000. Guerra Advisors Inc grew its holdings in shares of Wells Fargo & Company by 43.2% during the 3rd quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider’s stock valued at $3,222,000 after acquiring an additional 11,594 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Wells Fargo & Company by 1,121.0% during the 3rd quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider’s stock valued at $2,018,000 after acquiring an additional 22,107 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Wells Fargo & Company by 52.7% during the 3rd quarter. UMB Bank n.a. now owns 138,862 shares of the financial services provider’s stock valued at $11,639,000 after acquiring an additional 47,946 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Kleber Santos sold 25,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the completion of the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. This represents a 23.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, the executive vice president directly owned 83,478 shares of the company’s stock, valued at $7,270,933.80. This represents a 26.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 115,000 shares of company stock valued at $10,050,000. Insiders own 0.14% of the company’s stock.

Wells Fargo & Company Stock Up 1.8%

Wells Fargo & Company stock opened at $75.88 on Thursday. The firm has a market cap of $232.22 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 0.88 and a beta of 0.96. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.90 and a quick ratio of 0.90. Wells Fargo & Company has a fifty-two week low of $71.89 and a fifty-two week high of $97.76. The firm has a fifty day moving average price of $78.97 and a two-hundred day moving average price of $85.39.

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 for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The firm 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 business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, analysts forecast that Wells Fargo & Company will post 6.82 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WFC. JPMorgan Chase & Co. lowered their price target on shares of Wells Fargo & Company from $91.00 to $86.50 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Morgan Stanley lowered their price target on shares of Wells Fargo & Company from $108.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Monday, April 20th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Piper Sandler restated an “overweight” rating and set a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.53.

Get Our Latest Report on Wells Fargo & Company

Key Wells Fargo & Company News

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

Positive Sentiment: Wall Street commentary on Wells Fargo after the $110 million discrimination settlement remains constructive, with a buy-leaning analyst consensus and insider buying suggesting confidence in the stock’s outlook. Wall Street’s Verdict on Wells Fargo After the $110 Million Discrimination Settlement
Positive Sentiment: Analysts continue to view Wells Fargo favorably overall, with the company still showing a moderate-buy type profile across broker coverage, which can support sentiment even after the settlement news. Wells Fargo & Company Given Average Recommendation of “Moderate Buy” by Brokerages
Neutral Sentiment: Wells Fargo announced that CEO Charlie Scharf will present at the Bernstein Strategic Decisions Conference, a routine investor-relations update that may draw attention but does not change fundamentals by itself. Wells Fargo to Present at the Bernstein Strategic Decisions Conference
Neutral Sentiment: A separate article discussed Wells Fargo’s preferred shares as a yield-oriented investment idea, but this is more commentary than a direct catalyst for the common stock. Wells Fargo Long Duration Preferred: Safe Yield, Discount To Par, And Interest Rate Optionality
Negative Sentiment: The $110 million discrimination settlement remains a headline risk because it underscores Wells Fargo’s ongoing legal and compliance baggage, even if investors appear to be looking past it for now. Wells Fargo agrees to $110M lending, hiring discrimination settlement

Wells Fargo & Company Profile

(Free Report)

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.