Fintel reports that on October 15, 2024, Phillip Securities upgraded their outlook for Wells Fargo (WBAG:WFC) from Neutral to Accumulate.
Fund Sentiment Overview
As of now, 3,405 funds or institutions report having stakes in Wells Fargo, reflecting an increase of 65 owners or 1.95% from the last quarter. The average portfolio weight dedicated to WFC has risen to 0.64%, marking a 5.57% increase. Over the past three months, total shares held by institutions decreased by 1.48%, totaling 3,028,868K shares.
JPMorgan Chase currently holds 115,540K shares, which represents a 3.45% ownership stake in Wells Fargo. This marks an increase from 113,849K shares in its previous filing, indicating a 1.46% rise in ownership. The firm has also boosted its portfolio allocation in WFC by 0.99% over the last quarter.
The Vanguard Total Stock Market Index Fund (VTSMX) holds 110,073K shares, representing 3.29% ownership. This is a decrease from its previous stake of 112,415K shares, a 2.13% drop, as their WFC portfolio allocation fell by 2.43% in the last quarter.
Dodge & Cox has reduced its stake to 92,277K shares, translating to 2.76% ownership. Their prior holding of 115,176K shares shows a substantial decrease of 24.81%, with a 15.07% reduction in their WFC allocation over the past quarter.
The Vanguard 500 Index Fund (VFINX) currently holds 89,478K shares, or 2.67% ownership, down from 90,694K shares, reflecting a 1.36% loss. Their portfolio weight in WFC has dropped by 4.30% over the last quarter.
Wellington Management Group LLP has increased its holdings to 71,837K shares, accounting for 2.15% ownership, up from 60,176K shares previously, indicating a significant 16.23% boost. However, they decreased their allocation in WFC by a noteworthy 82.63% during the last quarter.
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