Traders sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading on Monday. $98.63 million flowed into the stock on the tick-up and $193.68 million flowed out of the stock on the tick-down, for a money net flow of $95.05 million out of the stock. Of all equities tracked, Wells Fargo & Co. had the 0th highest net out-flow for the day. Wells Fargo & Co. traded up $0.29 for the day and closed at $48.08

Several research firms have weighed in on WFC. FBR & Co reiterated a “buy” rating and set a $63.00 price target on shares of Wells Fargo & Co. in a research note on Wednesday, June 1st. Nomura Holdings Inc. reiterated a “buy” rating and set a $58.00 price target (down previously from $60.00) on shares of Wells Fargo & Co. in a research note on Monday, April 25th. Drexel Hamilton reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note on Thursday, May 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note on Thursday, May 26th. Finally, Keefe, Bruyette & Woods dropped their price target on Wells Fargo & Co. from $60.00 to $59.00 in a research note on Monday, March 21st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $54.50.

The company has a 50-day moving average price of $48.20 and a 200-day moving average price of $49.00. The stock has a market cap of $244.10 billion and a P/E ratio of 11.81.

Wells Fargo & Co. (NYSE:WFC) last issued its earnings results on Thursday, April 14th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. During the same quarter last year, the company posted $1.04 EPS. The company earned $22.20 billion during the quarter, compared to analyst estimates of $21.70 billion. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Wells Fargo & Co. will post $4.09 EPS for the current fiscal year.

In other Wells Fargo & Co. news, Director James H. Quigley acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were purchased at an average price of $49.97 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Carroll sold 62,300 shares of the stock in a transaction dated Friday, April 22nd. The stock was sold at an average price of $50.28, for a total transaction of $3,132,444.00. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in WFC. Meridian Investment Counsel Inc. raised its stake in 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 stake in 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 stake in Wells Fargo & Co. during the fourth quarter valued at $1,063,000. Investors Asset Management of Georgia Inc. GA ADV raised its stake in 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 stake in 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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