20 Biggest Publicly Traded Asset Managers

6. Wells Fargo & Company (NYSE:WFC)

AUM: $2.5 trillion

Number of Hedge Fund Holders: 76

Wells Fargo & Company (NYSE:WFC) ranks among the biggest publicly traded asset managers. On January 15, RBC Capital reaffirmed its Outperform rating and $100 price target for Wells Fargo & Company (NYSE:WFC), citing the bank’s transformation from “defense-to-offense” following regulatory limitations. The bank’s assets topped $2.1 trillion in Q4 2025, a major achievement after over seven years of balance sheet growth constraints owing to regulatory directives.

RBC Capital stated that Wells Fargo’s medium-term return on tangible common equity (ROTCE) objective of 17-18% reflects management’s willingness to continue implementing its growth plan while properly managing capital ratios.

Additionally, on January 15, Evercore ISI cut its price target for Wells Fargo & Company (NYSE:WFC) from $110 to $105 while maintaining its Outperform rating on the company’s shares. The firm cut its 2026 and 2027 EPS expectations by 1% and 2%, respectively, to $7.17 and $8.32.

Wells Fargo & Company (NYSE:WFC) is an American multinational financial services company that provides a wide range of banking, investment, and mortgage products and services. The company also specializes in consumer and commercial finance.