CTC 13F: Exits Wells Fargo (WFC) Stake

CTC recently closed out its investment in Wells Fargo & Company (NYSE: WFC), selling 25,963 shares. The fund reported the exit in its latest Form 13F filing with the SEC for the period ending May 21, 2026. This move represents a 100.0% decrease in the fund's holdings, leaving it with zero shares at the end of the reporting period. Like all 13F filings, this report is backward-looking and may not reflect the investor's current holdings today.

CTC Sells Remaining Shares

Before this latest filing, CTC held 25,963 shares of the diversified bank. By selling that entire block, the fund ended the period with no remaining position. While the filing did not list a total dollar value for the exit, the sale follows a trend of varying institutional activity for the bank. Our previous reports showed that Eagle Capital Management and Dodge & Cox also reduced their stakes in May 2026, with Dodge & Cox cutting over 1.14 million shares from its portfolio.

Wells Fargo Stock Performance

On Friday, shares of Wells Fargo were trading at $83.51. The stock has been trading slightly below its 50-day moving average of $87.18 and its 200-day moving average of $85.17. With a 52-week range between $72.78 and $97.76, the current price sits toward the middle of its yearly performance. The company has a price-to-earnings (P/E) ratio of 12.58, which is a common way to measure if a stock is priced fairly relative to its profits. A forward P/E of 10.95 suggests that analysts expect earnings to improve in the coming year.

Recent Earnings and Financial Health

Wells Fargo reported revenue of $83.03 billion, showing a growth rate of 9.5%. The company maintains a healthy net margin of 27.23% and a return on equity of 12.58%. These figures reflect the bank's ability to turn its assets and revenue into profit for shareholders. Investors looking for the next update on the bank's financial health can mark October 13, 2026, on their calendars, which is the company's next scheduled earnings date.

Dividend Income for Shareholders

Wells Fargo continues to return value to its investors through a steady dividend. The company pays an annual dividend of $2.00 per share, which results in a dividend yield of 2.32%. The bank's payout ratio stands at 26.16%, meaning it uses about a quarter of its earnings to cover dividend payments, leaving plenty of room for reinvestment or future raises.

Insider Buying and Selling at Wells Fargo & Company

Recent activity from company insiders and members of Congress shows mixed actions. On June 15, 2026, Jason Rosenberg, the bank's SEVP and Head of Public Affairs, was involved in two transactions. He acquired 17,218 shares and sold 8,080 shares at an average price of $83.73, a trade valued at roughly $676,538. These were not reported as part of a pre-planned 10b5-1 trading plan. In the political sphere, Senator Mitch McConnell, a Republican, disclosed a purchase between $1,001 and $15,000 in June 2026, while Representative Michael Rulli, also a Republican, sold a similar range in September 2026.

Analysts Set New Price Targets

Several major financial firms recently adjusted their outlook on Wells Fargo. On October 14, 2026, Morgan Stanley maintained an Overweight rating but slightly lowered its price target from $102.0 to $101.0. On the same day, Citigroup kept a Neutral rating and adjusted its target to $88.0 from $90.0. Other firms, including RBC Capital and Keefe, Bruyette & Woods, also lowered their price targets on October 14 to $92.0 and $90.0 respectively. Despite these tweaks, the consensus among 23 analysts remains a buy, with an average price target of $100.46.

About Wells Fargo & Company

Wells Fargo is one of the largest banks in the United States, offering everything from basic checking accounts and credit cards to complex investment banking and wealth management. Founded in 1852 and based in San Francisco, it operates through several segments that serve regular consumers, small businesses, and massive global corporations. The bank's massive scale makes it a core part of the American financial system.

What's Ahead for Wells Fargo & Company

Investors should keep an eye on the upcoming earnings report in October to see if the bank can maintain its revenue growth. While CTC has moved on from its position, the overall analyst consensus remains positive. Remember that 13F filings provide a snapshot of the past and do not necessarily indicate what a fund is doing with its money right now.