Traders bought shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading on Friday. $171.50 million flowed into the stock on the tick-up and $63.37 million flowed out of the stock on the tick-down, for a money net flow of $108.13 million into the stock. Of all companies tracked, Wells Fargo & Co. had the 6th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.16) for the day and closed at $47.97

WFC has been the topic of several research reports. Citigroup Inc. restated a “buy” rating on shares of Wells Fargo & Co. in a research note on Sunday, April 17th. FBR & Co reiterated a “buy” 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 price target on shares of Wells Fargo & Co. in a research report on Sunday, April 17th. Bank of America Corp. reiterated a “buy” rating and issued a $57.00 price target on shares of Wells Fargo & Co. in a research report on Friday, April 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $59.00 price target on shares of Wells Fargo & Co. in a research report on Wednesday, April 13th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. Wells Fargo & Co. presently has an average rating of “Hold” and an average target price of $53.68.

The firm has a 50 day moving average of $47.47 and a 200-day moving average of $48.61. The company has a market cap of $242.18 billion and a P/E ratio of 11.84.

Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. During the same quarter last year, the firm posted $1.03 earnings per share. The business earned $22.20 billion during the quarter. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Wells Fargo & Co. will post $4.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 5th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, August 3rd.

In other Wells Fargo & Co. news, Director James H. Quigley purchased 2,000 shares of the stock in a transaction on Tuesday, May 3rd. The shares were bought at an average cost of $49.97 per share, with a total value of $99,940.00. Following the completion of the acquisition, the director now owns 2,150 shares in the company, valued at $107,435.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Other large investors have bought and sold shares of the company. 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 last quarter. Bronfman E.L. Rothschild L.P. acquired a new stake in Wells Fargo & Co. during the fourth quarter valued at approximately $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 last quarter. 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 last quarter. Finally, TCI Wealth Advisors Inc. raised its stake in Wells Fargo & Co. by 15.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 20,019 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 2,746 shares during 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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