Mondrian Investment Partners 13F: Cuts WFC Stake by $45M

Mondrian Investment Partners reduced its holdings in Wells Fargo & Company (NYSE: WFC) by 45.4%, selling 564,995 shares during the period. According to a Form 13F filed with the SEC on October 23, 2026, the firm held 680,366 shares worth about $54,463,298 at the close of the filing window. Wells Fargo closed at $82.39 on the day of the filing. Prior to this adjustment, the firm owned 1,245,361 shares.

WFC Wells Fargo & Company

$82.39 ▼ -12.03% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Mondrian Investment Partners's Wells Fargo & Company Position

The fund lowered its exposure to the major bank by cutting more than half a million shares from its portfolio. The resulting stake of 680,366 shares reflects a 45.37% reduction from the previous quarter's total of 1,245,361 shares. The remaining position carried a reported value of $54.46 million as of the filing date.

Wells Fargo & Company Stock Holds Steady

Wells Fargo shares recently changed hands around $82.38, sitting roughly 15.7% below their 52-week peak of $97.76 and about 13.2% above their 52-week low of $72.78. The stock trades below its 50-day moving average of $84.76 and its 200-day moving average of $83.90.

Recent Earnings

The major financial institution generated $83.11 billion in trailing twelve-month revenue alongside a net profit margin of 27.6% and a return on equity of 12.9%. Earnings over the same trailing period reached $7.09 per share, with the next corporate earnings update slated for January 14, 2027.

Dividend

The company distributes an annual dividend of $2.00 per share, which equates to a dividend yield of 2.41% based on recent market pricing. Its dividend payout ratio sits at 26.2% of earnings.

Insider Buying and Selling at Wells Fargo & Company

Company insiders executed share dispositions earlier in the year ahead of the fund filing. On February 26, 2026, officer Bridget E. Engle sold 30,000 shares at an average price of $87.10 for a total of $2,613,000. On the same date, general counsel Ellen Reilly Patterson disposed of 60,000 shares at $87.40 per share, generating a total value of $5,244,000.

Analysts Set New Price Targets

Financial analysts from major firms adjusted their outlooks on the bank during October 2026. On October 5, 2026, UBS maintained a buy rating while lowering its target to $102.00 from $104.00. Citigroup kept a neutral rating with an 88.00 dollar target on October 14, 2026, while Keefe, Bruyette & Woods kept a market perform rating and moved its target from $94.00 to $90.00 on the same day. Morgan Stanley maintained an overweight rating with a target of $101.00, and RBC Capital held an outperform rating with a target of $92.00. Across the broader analyst community, the stock holds a consensus buy rating backed by 24 opinions and an average price target of $97.27.

About Wells Fargo & Company

Headquartered in San Francisco, California, Wells Fargo & Company operates as a diversified financial services provider with nearly 194,369 employees. The bank serves individual and corporate clients through four primary divisions focused on consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Bottom Line

Institutional adjustments like this one offer a snapshot of how large managers shift their capital across major financial institutions. Market participants will monitor the bank's upcoming earnings report on January 14, 2027, for further details on credit quality and net interest income trends.