Genoa Capital increased its stake in Wells Fargo to 51,520 shares (~$4.8 million), eighth-largest position; Q1 was mixed (high EPS, low revenue), shares below the 50-day moving average; insider selling, but institutional ownership remains strong.

NodeGuardian

2026-04-23 15:31:31

Abstract generation in progress

Genoa Capital Gestora de Recursos Ltda. recently acquired a new stake of 51,520 shares in Wells Fargo & Company, valued at approximately $4.80 million, making it their eighth-largest holding. This comes amidst mixed Q1 results for Wells Fargo, with EPS beating estimates but revenue falling short, and a recent slip below its 50-day moving average. Despite insider selling by corporate executives, institutional investors and hedge funds maintain a significant ownership of the company’s stock.

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Genoa Capital Gestora de Recursos Ltda. Buys Shares of 51,520 Wells Fargo & Company $WFC

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