Traders 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 equities 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

A number of brokerages recently issued reports on WFC. BMO Capital Markets reiterated a “sell” rating on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Barclays PLC restated a “buy” rating and set a $63.00 price target on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Citigroup Inc. restated a “buy” rating on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Finally, Robert W. Baird restated a “hold” rating on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $54.11.

The stock has a market cap of $242.23 billion and a P/E ratio of 11.72. The firm has a 50-day moving average price of $48.04 and a 200 day moving average price of $48.90.

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, hitting the Zacks’ consensus estimate of $1.01. During the same quarter in the prior year, the company earned $1.03 earnings per share. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.17 billion. Wells Fargo & Co.’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Wells Fargo & Co. will post $4.05 EPS for the current year.

In other news, VP David M. Carroll sold 62,300 shares of the company’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $50.28, for a total value of $3,132,444.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Avid Modjtabai sold 55,000 shares of the stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $50.77, for a total transaction of $2,792,350.00. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in WFC. Park National increased its stake in shares of Wells Fargo & Co. by 7.7% in the fourth quarter. Park National now owns 171,944 shares of the financial services provider’s stock valued at $9,347,000 after buying an additional 12,337 shares in the last quarter. Smith Chas P & Associates PA Cpas increased its stake in shares of Wells Fargo & Co. by 1.4% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 333,897 shares of the financial services provider’s stock valued at $18,151,000 after buying an additional 4,535 shares in the last quarter. Hartford Financial Management Inc. increased its stake in shares of Wells Fargo & Co. by 1.4% in the fourth quarter. Hartford Financial Management Inc. now owns 43,844 shares of the financial services provider’s stock valued at $2,383,000 after buying an additional 600 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Wells Fargo & Co. by 12.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 32,953 shares of the financial services provider’s stock worth $1,791,000 after buying an additional 3,566 shares during the period. Finally, Torch Wealth Management LLC increased its stake in Wells Fargo & Co. by 1.4% in the fourth quarter. Torch Wealth Management LLC now owns 34,034 shares of the financial services provider’s stock worth $1,850,000 after buying an additional 455 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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