<div id="readability-page-1"><p>Brevan Howard Capital Management LP lowered its stake in shares of  Wells Fargo &amp; Company (NYSE:WFC) by 84.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,401 shares of the financial services provider's stock after selling 1,286,593 shares during the period. Brevan Howard Capital Management LP's holdings in Wells Fargo &amp; Company were worth $19,815,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Wells Fargo &amp; Company</strong> alerts:</span></p></div><ul><li>Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold</li></ul><p>Several other institutional investors also recently modified their holdings of the stock. Hilton Capital Management LLC acquired a new position in  Wells Fargo &amp; Company during the second quarter valued at approximately $3,656,000.  Mawer Investment Management Ltd. acquired a new stake in  Wells Fargo &amp; Company in the third quarter worth $147,165,000.  Guerra Advisors Inc boosted its position in shares of  Wells Fargo &amp; Company by 43.2% during the third quarter. Guerra Advisors Inc now owns 38,439 shares of the financial services provider's stock worth $3,222,000 after purchasing an additional 11,594 shares in the last quarter.  AlphaQuest LLC boosted its position in shares of  Wells Fargo &amp; Company by 1,121.0% during the third quarter. AlphaQuest LLC now owns 24,079 shares of the financial services provider's stock worth $2,018,000 after purchasing an additional 22,107 shares in the last quarter.  Finally, UMB Bank n.a. grew its holdings in shares of  Wells Fargo &amp; Company by 52.7% in 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 buying an additional 47,946 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wells Fargo &amp; Company Stock Performance</h2><p>Shares of Wells Fargo &amp; Company stock opened at $74.11 on Friday. The firm has a market cap of $228.67 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The stock's 50-day moving average is $87.72 and its 200-day moving average is $86.50. Wells Fargo &amp; Company has a one year low of $58.42 and a one year high of $97.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.90 and a quick ratio of 0.90. </p><ul><li>Alcoa Earnings Send Shares Lower—Buy the Dip or Wait?</li></ul><p>Wells Fargo &amp; Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.10. Wells Fargo &amp; Company had a return on equity of 12.90% and a net margin of 17.27%.The business had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. During the same period last year, the company earned $1.43 earnings per share. Wells Fargo &amp; Company's quarterly revenue was up 4.5% on a year-over-year basis.  Equities analysts predict that  Wells Fargo &amp; Company will post 5.89 earnings per share for the current fiscal year. </p><h2>Wells Fargo &amp; Company Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo &amp; Company's dividend payout ratio (DPR) is currently 28.71%. </p><h2>Key Wells Fargo &amp; Company News</h2><ul><li>D.R. Horton Stock Tests Support Following Earnings Report</li></ul><p>Here are the key news stories impacting Wells Fargo &amp; Company this week:</p><ul>   <li><span>Positive Sentiment: </span>Technically deeply oversold and analyst support could spark a relief bounce — MarketBeat notes WFC is trading well below recent highs, its RSI is in oversold territory, and several outlets/analysts maintain Outperform/Buy ratings and high price targets that imply significant upside if sentiment stabilizes. <i></i><span>Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold</span></li>    <li><span>Positive Sentiment: </span>Strategic optionality in digital assets — filings show Wells Fargo has applied for a WFUSD trademark covering stablecoins and blockchain payment services, signaling a possible future new revenue stream (still speculative and regulatory-dependent). <i></i><span>Wells Fargo Submits WFUSD Trademark Application</span></li>    <li><span>Neutral Sentiment: </span>Active analyst research flow — Wells Fargo analysts continue to move ratings/targets across sectors (cuts on Aptiv, upgrades in chemicals, positive calls on travel and retail names). This shows robust research activity that can influence trading in other names but is not directly catalytic for WFC’s fundamentals. <i></i><span>Wells Fargo Cuts Aptiv Price Target</span> <i></i><span>Wells Fargo Upgrades Chemical Stocks</span></li>    <li><span>Negative Sentiment: </span>Earnings, revenue and operational concerns remain — MarketBeat highlights that WFC missed revenue/earnings expectations in January, has a relatively high efficiency ratio vs. peers, and saw headline risk from reported exposure to the failed U.K. mortgage finance firm Market Financial Solutions; those issues help explain selling pressure and could limit near-term multiple expansion. <i></i><span>Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold</span></li> </ul><h2>Analyst Ratings Changes</h2><p>WFC has been the subject of a number of recent analyst reports. HSBC  restated a &#34;hold&#34; rating and issued a $74.00 price objective on shares of Wells Fargo &amp; Company in a research report on Wednesday, January 7th. Keefe, Bruyette &amp; Woods boosted their target price on Wells Fargo &amp; Company from $92.00 to $101.00 and gave the company a &#34;market perform&#34; rating in a research note on Wednesday, December 17th. CICC Research began coverage on Wells Fargo &amp; Company in a report on Wednesday, January 14th. They issued a &#34;market perform&#34; rating and a $96.00 price target for the company. UBS Group  reiterated a &#34;buy&#34; rating and set a $113.00 price objective on shares of Wells Fargo &amp; Company in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada  reiterated an &#34;outperform&#34; rating and issued a $100.00 price objective on shares of Wells Fargo &amp; Company in a research report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned  a Hold rating to the company. According to MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $97.03.</p><p><b>Read Our Latest Stock Report on WFC</b></p><h2>Insider Activity</h2><p>In other news, EVP Ellen R. Patterson sold 60,000 shares of Wells Fargo &amp; Company stock in a transaction that occurred 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 sale, the executive vice president directly owned 169,496 shares in the company, valued at $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, EVP Bridget E. Engle sold 30,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares of the company's stock, valued at $7,270,933.80. The trade was a 26.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock worth $10,050,000 over the last ninety days. Insiders own  0.08% of the company's stock. </p><h2>About Wells Fargo &amp; Company</h2> (Free Report)<p>Wells Fargo &amp; 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.  </p><p>Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Wells Fargo &amp; Company</li><li>The gold chart Wall Street is terrified of…</li><li>Elon Musk already made me a “wealthy man”</li><li>Silver paying 20% dividend. Plus 68% share gains</li><li>Unlocked: Elon Musk’s Next Big IPO</li><li>A personal warning from Martin Weiss (Please read)</li></ul><p><strong>Want to see what other hedge funds are holding WFC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo &amp; Company (NYSE:WFC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdGQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wells Fargo &amp; Company Right Now?</h2><p>Before you consider Wells Fargo &amp; Company, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo &amp; Company wasn't on the list.</p><p>While Wells Fargo &amp; Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BNKU

<p>Brevan Howard Capital Management LP has reduced its stake in Wells Fargo & Company (NYSE:WFC) by 84.5%, now holding 236,401 shares valued at approximately $19.82 million. This change occurred during the third quarter, as disclosed to the SEC. Other institutional investors have also adjusted their positions in Wells Fargo, with significant acquisitions and increases in holdings. Currently, institutional investors own 75.90% of the stock. Wells Fargo's stock performance shows a market cap of $228.67 billion and a recent trading price of $74.11.</p>

Brevan Howard Capital Management LP Has $19.82 Million Stake in Wells Fargo & Company $WFC