BTC Capital Management Inc. Raises Position in Wells Fargo & Company $WFC

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BTC Capital Management Inc. significantly increased its stake in Wells Fargo & Company by 88.3% in Q3, now holding 290,907 shares valued at $24.384 million. Wells Fargo reported strong quarterly earnings of $1.76 EPS, surpassing estimates, with revenue up 4.5% year-over-year, and declared a quarterly dividend of $0.45 per share. Analysts generally recommend a “Moderate Buy” for WFC, with an average price target of $97.03, and institutional investors own approximately 75.9% of the stock.

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