Wells Fargo & Company $WFC Shares Sold by Picton Mahoney Asset Management

06 Mar 2026, 05:54 by Teresa Graham · The Cerbat Gem

Picton Mahoney Asset Management lowered its stake in shares of Wells Fargo & Company (NYSE:WFC) by 85.1% during the third quarter, Holdings Channel reports. The fund owned 56,415 shares of the financial services provider’s stock after selling 321,234 shares during the quarter. Picton Mahoney Asset Management’s holdings in Wells Fargo & Company were worth $4,729,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Redmont Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the third quarter worth about $27,000. Marquette Asset Management LLC boosted its position in Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in Wells Fargo & Company in the 3rd quarter worth approximately $30,000. Kilter Group LLC purchased a new stake in Wells Fargo & Company in the 2nd quarter worth approximately $31,000. Finally, Main Street Group LTD grew its stake in Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction 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 owned 169,496 shares of the company’s stock, valued at $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 83,478 shares in the company, valued at approximately $7,270,933.80. This represents a 26.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,000 shares of company stock worth $10,050,000 over the last ninety days. 0.08% of the stock is owned by company insiders.

Key Wells Fargo & Company News

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

Positive Sentiment: Fed ends the 2018 enforcement order, removing a decade‑long regulatory constraint and reputational overhang that had limited management flexibility on capital returns and growth initiatives — a material structural positive for WFC going forward. Wells Fargo shakes off last Fed consent order Wells Fargo fully sheds Fed’s 2018 enforcement order
Neutral Sentiment: Multiple outlets confirm the termination (MSN, Seeking Alpha, TMCNet), providing wide coverage but little immediate financial detail; this is a catalytic governance/regulatory development whose full capital‑allocation benefits will show up over quarters. Seeking Alpha: Fed board ends 2018 enforcement action
Negative Sentiment: Shares slipped amid a broader market selloff tied to escalating conflict in the Middle East and higher mortgage rates (which can hurt mortgage origination volumes and bank trading sentiment); that risk‑off tone is the main reason WFC moved lower today despite the regulatory win. Yahoo Finance Market Minute: Mortgage rates tick up, Fed lifts 2018 enforcement on Wells Fargo
Negative Sentiment: Political and crypto‑industry headlines calling out banks (social media/pundit commentary) create noise that can exacerbate short‑term sentiment swings, though they are unlikely to change fundamentals. Eric Trump attacks banks over stablecoin yields

Wells Fargo & Company Price Performance

WFC stock opened at $82.07 on Friday. The company has a market cap of $253.24 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.91 and a beta of 1.08. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $89.76 and a two-hundred day moving average price of $86.51. Wells Fargo & Company has a 12-month low of $58.42 and a 12-month high of $97.76.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company had revenue of $21.29 billion for the quarter, compared to the consensus estimate of $21.63 billion. During the same period last year, the business posted $1.43 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.

Wells Fargo & Company Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. TD Cowen decreased their price target on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. Freedom Capital cut Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Moderate Buy” and an average target price of $97.03.

View Our Latest Stock Report on Wells Fargo & Company

About Wells Fargo & Company

(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.