Investors purchased shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading hours on Monday. $120.34 million flowed into the stock on the tick-up and $69.59 million flowed out of the stock on the tick-down, for a money net flow of $50.75 million into the stock. Of all companies tracked, Wells Fargo & Co. had the 10th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.20) for the day and closed at $48.12

A number of research firms have issued reports on WFC. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. BMO Capital Markets reiterated a “sell” rating on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Barclays PLC reiterated a “buy” rating and issued a $63.00 target price on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Citigroup Inc. reiterated a “buy” rating on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.66.

The stock has a 50-day moving average price of $47.69 and a 200 day moving average price of $48.65. The company has a market cap of $242.93 billion and a P/E ratio of 11.88.

Wells Fargo & Co. (NYSE:WFC) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $22.20 billion for the quarter. Wells Fargo & Co.’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. Equities research analysts anticipate that Wells Fargo & Co. will post $4.03 EPS for the current fiscal year.

In other Wells Fargo & Co. news, EVP Avid Modjtabai sold 55,000 shares of the stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $50.77, for a total transaction of $2,792,350.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James H. Quigley purchased 2,000 shares of Wells Fargo & Co. stock in a transaction on Tuesday, May 3rd. The shares were acquired at an average price of $49.97 per share, for a total transaction of $99,940.00. Following the completion of 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 modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Wells Fargo & Co. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 274,621,069 shares of the financial services provider’s stock worth $14,928,402,000 after buying an additional 4,893,739 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Wells Fargo & Co. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,991,108 shares of the financial services provider’s stock worth $869,373,000 after buying an additional 631,447 shares during the period. State Treasurer State of Michigan raised its stake in Wells Fargo & Co. by 26.6% in the fourth quarter. State Treasurer State of Michigan now owns 7,875,034 shares of the financial services provider’s stock worth $428,087,000 after buying an additional 1,654,400 shares during the period. SQ Advisors LLC raised its stake in Wells Fargo & Co. by 2.4% in the fourth quarter. SQ Advisors LLC now owns 6,451,411 shares of the financial services provider’s stock worth $350,699,000 after buying an additional 148,983 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in Wells Fargo & Co. by 4.4% in the fourth quarter. OppenheimerFunds Inc. now owns 4,951,092 shares of the financial services provider’s stock worth $269,188,000 after buying an additional 207,692 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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