BlackRock Amends Wells Fargo Stake, Maintains Significant Holding
Ticker: WFC-PA · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 72971
| Field | Detail |
|---|---|
| Company | Wells Fargo & Company/Mn (WFC-PA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Wells Fargo, good sign for WFC!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Wells Fargo & Company's common stock as of December 31, 2023. This amendment (Amendment No: 13) updates previous disclosures, showing BlackRock continues to be a significant institutional holder. For investors, this filing confirms BlackRock's ongoing confidence in Wells Fargo, as it maintains its substantial stake, which can be a positive signal for the stock's stability and long-term outlook.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a substantial position in Wells Fargo, signaling its ongoing belief in the company's value.
Risk Assessment
Risk Level: low — This is a routine amendment from a large institutional investor, indicating stability rather than a significant change in risk.
Analyst Insight
An investor should view this as a routine update from a major institutional holder, confirming BlackRock's continued, stable interest in Wells Fargo. It doesn't signal an immediate need for action but reinforces the stock's institutional backing.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Wells Fargo & Company (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 13 (number) — the specific amendment number for this filing
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like BlackRock Inc., is updating its ownership stake in a public company, Wells Fargo & Company, as of a specific date.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is BlackRock Inc., identified by its CIK 0001364742, located at 50 Hudson Yards, New York, NY 10001.
What is the 'Subject Company' of this filing?
The 'Subject Company' is WELLS FARGO & COMPANY/MN, identified by its CIK 0000072971, with its business address at 420 Montgomery Street, San Francisco, CA 94163.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated on the cover page of the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding WELLS FARGO & COMPANY/MN (WFC-PA).