Investors purchased shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading hours on Friday. $412.98 million flowed into the stock on the tick-up and $223.31 million flowed out of the stock on the tick-down, for a money net flow of $189.67 million into the stock. Of all companies tracked, Wells Fargo & Co. had the 5th highest net in-flow for the day. Wells Fargo & Co. traded down ($1.23) for the day and closed at $47.71

WFC has been the topic of a number of analyst reports. Bank of America Corp. restated a “buy” rating and set a $57.00 target price on shares of Wells Fargo & Co. in a research report on Friday, April 15th. Piper Jaffray Cos. lowered shares of Wells Fargo & Co. from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $47.00 to $44.00 in a research report on Friday, April 15th. Evercore ISI decreased 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 research report on Friday, April 1st. Keefe, Bruyette & Woods decreased their price target on shares of Wells Fargo & Co. from $60.00 to $59.00 in a report on Monday, March 21st. Finally, Zacks Investment Research lowered shares of Wells Fargo & Co. from a “hold” rating to a “sell” rating in a report on Thursday, April 7th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Wells Fargo & Co. presently has an average rating of “Hold” and a consensus price target of $54.11.

The stock has a market capitalization of $242.23 billion and a PE ratio of 11.72. The stock’s 50-day moving average price is $48.03 and its 200-day moving average price is $48.89.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. During the same period in the prior year, the company earned $1.03 EPS. The firm earned $22.20 billion during the quarter, compared to analyst estimates of $22.17 billion. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Wells Fargo & Co. will post $4.07 earnings per share for the current fiscal year.

In other news, VP David M. Carroll sold 62,300 shares of the company’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 value of $3,132,444.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Avid Modjtabai sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $50.77, for a total value of $2,792,350.00. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in WFC. Numeric Investors LLC increased its position in Wells Fargo & Co. by 105.3% in the fourth quarter. Numeric Investors LLC now owns 499,700 shares of the financial services provider’s stock valued at $27,164,000 after buying an additional 256,300 shares in the last quarter. California State Teachers Retirement System increased its position in Wells Fargo & Co. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 8,908,244 shares of the financial services provider’s stock valued at $484,252,000 after buying an additional 140,938 shares in the last quarter. IPG Investment Advisors LLC increased its position in Wells Fargo & Co. by 1.6% in the fourth quarter. IPG Investment Advisors LLC now owns 56,887 shares of the financial services provider’s stock valued at $3,094,000 after buying an additional 900 shares in the last quarter. Bank Pictet & Cie Asia Ltd. increased its position in Wells Fargo & Co. by 9.0% in the fourth quarter. Bank Pictet & Cie Asia Ltd. now owns 81,742 shares of the financial services provider’s stock valued at $4,443,000 after buying an additional 6,750 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Wells Fargo & Co. by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 805,185 shares of the financial services provider’s stock valued at $43,770,000 after buying an additional 2,800 shares in the last quarter.

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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