Traders sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading on Thursday. $140.50 million flowed into the stock on the tick-up and $155.21 million flowed out of the stock on the tick-down, for a money net flow of $14.71 million out of the stock. Of all companies tracked, Wells Fargo & Co. had the 0th highest net out-flow for the day. Wells Fargo & Co. traded up $0.15 for the day and closed at $46.80

A number of analysts recently issued reports on the company. Barclays PLC reiterated a “buy” rating and set a $63.00 price objective on shares of Wells Fargo & Co. in a research note on Sunday, April 17th. FBR & Co reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note on Sunday, April 17th. Citigroup Inc. reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note on Sunday, April 17th. Robert W. Baird restated a “hold” rating on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $54.50.

The company has a market cap of $237.61 billion and a P/E ratio of 11.50. The firm has a 50 day moving average of $48.24 and a 200-day moving average of $49.13.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Thursday, April 14th. The financial services provider reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.01. During the same quarter in the prior year, the business posted $1.04 EPS. The company earned $22.20 billion during the quarter, compared to analysts’ expectations of $21.70 billion. The company’s revenue was up 4.2% on a year-over-year basis. Analysts forecast that Wells Fargo & Co. will post $4.09 earnings per share for the current fiscal year.

In other Wells Fargo & Co. news, VP David M. Carroll sold 62,300 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $50.28, for a total transaction of $3,132,444.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Quigley bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were acquired at an average price of $49.97 per share, with a total value of $99,940.00. Following the transaction, the director now directly owns 2,150 shares of the company’s stock, valued at $107,435.50. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Meridian Investment Counsel Inc. raised its position in shares of Wells Fargo & Co. by 18.7% in the fourth quarter. Meridian Investment Counsel Inc. now owns 18,423 shares of the financial services provider’s stock valued at $1,001,000 after buying an additional 2,900 shares during the period. Shikiar Asset Management Inc. raised its position in shares of Wells Fargo & Co. by 20.3% in the fourth quarter. Shikiar Asset Management Inc. now owns 18,925 shares of the financial services provider’s stock valued at $1,029,000 after buying an additional 3,200 shares during the period. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Wells Fargo & Co. during the fourth quarter valued at about $1,063,000. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Wells Fargo & Co. by 0.9% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,646 shares of the financial services provider’s stock valued at $1,068,000 after buying an additional 176 shares during the period. Finally, Baldwin Investment Management LLC raised its position in shares of Wells Fargo & Co. by 2.5% in the fourth quarter. Baldwin Investment Management LLC now owns 19,846 shares of the financial services provider’s stock valued at $1,079,000 after buying an additional 486 shares during the period.

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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