CTC 13F: Exits Wells Fargo (WFC) Stake

CTC recently closed out its investment in Wells Fargo & Company (NYSE: WFC), selling 100.0% of its holdings. According to the latest Form 13F filing with the SEC, the firm liquidated 25,963 shares. This backward-looking report reflects CTC's portfolio as of the quarter ended May 21, 2026, and may not represent the fund's current holdings.

CTC Exits its Wells Fargo Position

The move by CTC was a total exit from the financial giant. Before the sale, the firm held 25,963 shares. By the end of the reporting period on May 21, 2026, the fund had zero shares remaining. This liquidation follows a pattern for the firm, which also recently exited positions in JD.com and Super Micro Computer. While the filing doesn't state a reason for the sale, it shows the fund is shifting capital away from some of its banking and tech holdings.

Wells Fargo Stock Performance

Shares of Wells Fargo were trading at $82.40 on Friday. The stock has been trading in the middle of its one-year range, staying above its 52-week low of $72.78 but remaining well below its peak of $97.76. At current levels, the bank carries a price-to-earnings (P/E) ratio of 12.6, which is a common way to measure a stock's value by comparing its price to its profits. The stock is currently trading slightly below its 200-day moving average of $85.17, a technical level that some investors watch to gauge long-term price trends.

Recent Earnings and Financial Health

Wells Fargo reported $83.03 billion in revenue for its most recent fiscal period, showing revenue growth of 9.5%. The company maintained a healthy net margin of 27.2% and a return on equity of 12.6%. These figures show the bank is efficiently turning its assets into profits. Investors are looking toward October 13, 2026, when the company is scheduled to release its next set of financial results.

Wells Fargo Dividend Payouts

Income-focused investors often look at Wells Fargo for its steady payouts. The bank currently offers an annual dividend rate of $2.00 per share, which translates to a dividend yield of 2.32%. The company's payout ratio stands at 26.2%, suggesting it uses about a quarter of its earnings to pay shareholders while keeping the rest to fund its operations and growth.

Mixed Insider Activity at Wells Fargo

Internal transactions at the bank have been active recently. On June 15, 2026, Jason Rosenberg, the SEVP and Head of Public Affairs, acquired 17,218 shares. On that same day, Rosenberg also sold 8,080 shares at an average price of $83.73, a transaction totaling about $676,538. These moves follow earlier activity from Washington; Senator Mitch McConnell, a Republican, disclosed a purchase of shares in June, while Representative Michael Rulli, also a Republican, reported a sale in September.

Analysts Set New Price Targets

Several Wall Street firms updated their views on Wells Fargo in October. On October 14, 2026, Morgan Stanley maintained an Overweight rating but slightly trimmed its price target to $101.00. On the same day, Citigroup kept a Neutral rating and lowered its target to $88.00, while RBC Capital maintained an Outperform rating with a $92.00 target. Earlier in the month, UBS and Goldman Sachs both reiterated Buy ratings with targets of $102.00 and $96.00, respectively. Out of 23 analysts covering the stock, the consensus remains a buy with an average price target of $100.46.

About Wells Fargo & Company

Wells Fargo is one of the largest financial institutions in the United States. It provides a wide range of services including everyday checking accounts, credit cards, mortgages, and commercial lending. The bank also handles wealth management and investment banking for large corporations. As a cornerstone of the American financial system, its stock is often seen as a bellwether for the broader economy and the health of the consumer.

What's Ahead for WFC

Investors will want to watch the upcoming earnings report in October to see if the bank can maintain its revenue growth in a changing interest rate environment. While CTC has moved on from its position, the high volume of analyst coverage and recent politician trades suggest Wells Fargo remains a focal point for institutional and retail investors alike. As with all 13F filings, these numbers are a snapshot of the past and do not necessarily reflect where the stock or its major holders stand today.