Traders purchased shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading on Tuesday. $148.91 million flowed into the stock on the tick-up and $102.47 million flowed out of the stock on the tick-down, for a money net flow of $46.44 million into the stock. Of all stocks tracked, Wells Fargo & Co. had the 6th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.11) for the day and closed at $47.70

A number of analysts have recently commented on WFC shares. Deutsche Bank AG restated a “buy” rating and set a $59.00 price objective on shares of Wells Fargo & Co. in a report on Wednesday, April 13th. Guggenheim downgraded Wells Fargo & Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th. Zacks Investment Research upgraded Wells Fargo & Co. from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Piper Jaffray Cos. downgraded Wells Fargo & Co. from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $47.00 to $44.00 in a report on Friday, April 15th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Wells Fargo & Co. in a report on Sunday, May 22nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $53.64.

The firm has a 50 day moving average price of $47.45 and a 200 day moving average price of $48.56. The firm has a market capitalization of $240.81 billion and a PE ratio of 11.78.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 5th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.19%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Counsel LLC NY raised its position in Wells Fargo & Co. by 10.2% in the fourth quarter. Capital Counsel LLC NY now owns 21,965 shares of the financial services provider’s stock worth $1,194,000 after buying an additional 2,026 shares during the period. Montag A & Associates Inc. raised its position in Wells Fargo & Co. by 1.4% in the fourth quarter. Montag A & Associates Inc. now owns 120,135 shares of the financial services provider’s stock worth $6,531,000 after buying an additional 1,690 shares during the period. Marco Investment Management LLC raised its position in Wells Fargo & Co. by 1.6% in the fourth quarter. Marco Investment Management LLC now owns 119,187 shares of the financial services provider’s stock worth $6,479,000 after buying an additional 1,900 shares during the period. KBC Group NV raised its position in Wells Fargo & Co. by 9.4% in the fourth quarter. KBC Group NV now owns 638,316 shares of the financial services provider’s stock worth $34,699,000 after buying an additional 55,064 shares during the period. Finally, Morningstar Investment Services LLC raised its position in Wells Fargo & Co. by 9.7% in the fourth quarter. Morningstar Investment Services LLC now owns 684,551 shares of the financial services provider’s stock worth $37,212,000 after buying an additional 60,714 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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