Eagle Capital Management 13F: Cuts WFC Stake by $769K

Eagle Capital Management has trimmed its stake in Wells Fargo & Company (NYSE:WFC) by 9,305 shares, according to its latest Form 13F filing with the SEC. This reduction represents a 9.7% decrease in its holdings, bringing the total to 86,972 shares valued at approximately $7.17 million as of the reporting period.

What Changed in Eagle Capital's Wells Fargo Position

Eagle Capital Management reduced its position in Wells Fargo from 96,277 shares to 86,972 shares. The change involved selling 9,305 shares, resulting in a 9.7% reduction in its holdings. The total value of the position now stands at around $7.17 million.

Other Institutional Activity in Wells Fargo

Among other institutional investors, BlackRock, Inc. reduced its holdings by 1,584,590 shares, ending with 260,798,584 shares valued at about $20.76 billion. Vanguard Capital Management LLC made a significant addition, holding 200,762,402 shares worth roughly $15.98 billion. FMR LLC cut its position by 24,011,255 shares, leaving it with 161,693,928 shares valued at $12.87 billion. State Street Corp and JPMorgan Chase & Co also reduced their positions slightly, while Geode Capital Management, LLC increased its stake by 1,465,445 shares.

Wells Fargo & Company Stock Down 4.0%

Shares of Wells Fargo (NYSE:WFC) traded near $82.40. The company has a market cap of $256.2 billion and a P/E ratio of 12.94. Its stock has ranged from a 52-week low of $71.93 to a high of $97.76. The 50-day moving average is $79.55, and the 200-day moving average is $84.16. Wells Fargo has a beta of 0.93, indicating its stock's volatility relative to the market.

Recent Earnings

Wells Fargo reported revenues of $81.14 billion, with a revenue growth of 5.7%. The company achieved a net margin of 26.74% and a return on equity of 12.03%. The next earnings report is expected on July 14, 2026.

Dividend

Wells Fargo offers an annual dividend rate of $1.80, yielding 2.18% with a payout ratio of 27.05%. This makes it an attractive option for income-focused investors.

Insider Buying and Selling at Wells Fargo & Company

On May 14, 2026, Theodore Craver Jr. engaged in both buying and selling of 89 shares, though no price was disclosed. Earlier, on April 28, Richard Davis, Cecelia Morken, Mark Chancy, and Felicia Norwood each purchased 3,436 shares at an average price of $81.50.

Analysts Set New Price Targets

On April 30, 2026, JP Morgan maintained a 'hold' rating with a price target of $86.50. Piper Sandler reiterated a 'buy' rating with a target of $94.00 on April 15. Other firms like Keefe, Bruyette & Woods and Barclays also maintained their ratings with targets of $98.00 and $108.00, respectively. The overall analyst consensus is a 'buy' with a mean target price of $96.11.

About Wells Fargo & Company

Wells Fargo & Company is a major financial services firm headquartered in San Francisco, California. It offers a wide range of banking, investment, mortgage, and consumer and commercial finance products. With a workforce of approximately 200,999 employees, the company operates through four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Bottom Line

Eagle Capital Management's decision to reduce its stake in Wells Fargo reflects its latest strategy as of the recent reporting period. Investors often track such filings to understand institutional sentiment. It's important to remember that these filings are backward-looking and may not represent current positions.