Investors 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 research analysts have commented on WFC shares. Deutsche Bank AG reiterated a “buy” rating and set a $59.00 price target on shares of Wells Fargo & Co. in a research report on Sunday, March 13th. Vetr cut shares of Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $55.84 price target on the stock. in a research report on Monday, March 14th. Keefe, Bruyette & Woods reduced their price target on shares of Wells Fargo & Co. from $60.00 to $59.00 in a research report on Monday, March 21st. Zacks Investment Research upgraded shares of Wells Fargo & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. Finally, Evercore ISI cut their target price on shares of Wells Fargo & Co. from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, April 1st. 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 company’s stock. Wells Fargo & Co. currently has an average rating of “Hold” and a consensus price target of $54.50.

The stock’s 50-day moving average price is $48.22 and its 200 day moving average price is $49.09. The company has a market capitalization of $242.63 billion and a P/E ratio of 11.74.

Wells Fargo & Co. (NYSE:WFC) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.70 billion. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. Analysts predict that Wells Fargo & Co. will post $4.09 earnings per share for the current year.

In related news, VP David M. Carroll sold 62,300 shares of the company’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Quigley acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were bought at an average price of $49.97 per share, with a total value of $99,940.00. Following the completion of the purchase, the director now directly owns 2,150 shares in the company, valued at $107,435.50. The disclosure for this purchase can be found here.

Other large investors recently modified their holdings of the company. Wright Investors Service Inc. boosted its stake in shares of Wells Fargo & Co. by 19.4% in the fourth quarter. Wright Investors Service Inc. now owns 37,170 shares of the financial services provider’s stock worth $2,021,000 after buying an additional 6,038 shares during the period. TIAA CREF Trust Co. FSB MO boosted its stake in Wells Fargo & Co. by 5.8% in the fourth quarter. TIAA CREF Trust Co. FSB MO now owns 659,776 shares of the financial services provider’s stock worth $35,866,000 after buying an additional 36,094 shares during the period. Endurance Wealth Management Inc. boosted its stake in Wells Fargo & Co. by 3.4% in the fourth quarter. Endurance Wealth Management Inc. now owns 114,725 shares of the financial services provider’s stock worth $6,236,000 after buying an additional 3,795 shares during the period. Welch & Forbes LLC boosted its stake in Wells Fargo & Co. by 2.1% in the fourth quarter. Welch & Forbes LLC now owns 931,497 shares of the financial services provider’s stock worth $50,636,000 after buying an additional 18,785 shares during the period. Finally, Scott & Selber Inc. boosted its stake in Wells Fargo & Co. by 0.8% in the fourth quarter. Scott & Selber Inc. now owns 39,992 shares of the financial services provider’s stock worth $2,174,000 after buying an additional 316 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.