Traders bought shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading on Monday. $161.30 million flowed into the stock on the tick-up and $106.76 million flowed out of the stock on the tick-down, for a money net flow of $54.54 million into the stock. Of all equities 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 $47.81

Several analysts have weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating and set a $57.00 price objective on shares of Wells Fargo & Co. in a research report on Friday, April 15th. Piper Jaffray Cos. cut Wells Fargo & Co. from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $47.00 to $44.00 in a research report on Friday, April 15th. Zacks Investment Research cut Wells Fargo & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. Sandler O’Neill cut Wells Fargo & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $51.00 in a research report on Monday, April 11th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $58.00 price objective (down from $59.00) on shares of Wells Fargo & Co. in a research report on Tuesday, April 19th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. Wells Fargo & Co. has an average rating of “Hold” and a consensus target price of $53.64.

The firm has a market cap of $241.37 billion and a PE ratio of 11.80. The stock’s 50 day moving average is $47.46 and its 200 day moving average is $48.56.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.18%.

Other hedge funds have recently added to or reduced their stakes in the company. Capital Counsel LLC NY raised its stake 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 valued at $1,194,000 after buying an additional 2,026 shares in the last quarter. Montag A & Associates Inc. raised its stake 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 valued at $6,531,000 after buying an additional 1,690 shares in the last quarter. Marco Investment Management LLC raised its stake 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 valued at $6,479,000 after buying an additional 1,900 shares in the last quarter. KBC Group NV raised its stake 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 valued at $34,699,000 after buying an additional 55,064 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its stake 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 valued at $37,212,000 after buying an additional 60,714 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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