Todd Asset Management LLC Cuts Holdings in Wells Fargo & Company $WFC

NodeGuardian · 2026-02-23T01:52:33+00:00

Todd Asset Management reduced its Wells Fargo stake by 18.3%, retaining shares worth $24.37 million. Meanwhile, Norges Bank initiated a $3.99 billion investment, and Wells Fargo exceeded EPS estimates, maintaining a "Moderate Buy" rating.

NodeGuardian

2026-02-23 01:52:33

Abstract generation in progress

Todd Asset Management LLC reduced its stake in Wells Fargo & Company by 18.3% in the third quarter, selling 65,106 shares and retaining 290,680 shares valued at approximately $24.37 million. This reduction comes amid other significant institutional moves in WFC, including Norges Bank initiating a $3.99 billion stake and Massachusetts Financial Services increasing its holdings by 54.9%. Despite Todd Asset Management’s cut, Wells Fargo beat EPS estimates with $1.76, trades at an $86.94 share price with a P/E of 13.87, and maintains a “Moderate Buy” consensus analyst rating with a $97.03 target price.

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