Traders bought shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading hours on Friday. $149.88 million flowed into the stock on the tick-up and $85.30 million flowed out of the stock on the tick-down, for a money net flow of $64.58 million into the stock. Of all companies tracked, Wells Fargo & Co. had the 4th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.34) for the day and closed at $47.90

Several research analysts have weighed in on WFC shares. Citigroup Inc. reiterated a “buy” rating on shares of Wells Fargo & Co. in a report on Sunday, April 17th. FBR & Co reiterated a “buy” rating on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Barclays PLC reiterated a “buy” rating and set a $63.00 target price on shares of Wells Fargo & Co. in a report on Sunday, April 17th. Bank of America Corp. reiterated a “buy” rating and set a $57.00 target price on shares of Wells Fargo & Co. in a report on Friday, April 15th. Finally, Nomura reiterated a “buy” rating and set a $58.00 target price (down from $60.00) on shares of Wells Fargo & Co. in a report on Monday, April 25th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.64.

The company has a market capitalization of $241.68 billion and a price-to-earnings ratio of 11.83. The stock’s 50 day moving average is $47.74 and its 200 day moving average is $48.55.

Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm earned $22.20 billion during the quarter. During the same period last year, the business posted $1.03 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Wells Fargo & Co. will post $4.03 EPS for the current year.

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

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $48.92, for a total value of $1,002,860.00. Following the completion of the sale, the chief operating officer now owns 650,815 shares in the company, valued at approximately $31,837,869.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Other large investors have recently bought and sold shares of the company. Mraz Amerine & Associates Inc. raised its stake in Wells Fargo & Co. by 0.3% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 26,994 shares of the financial services provider’s stock valued at $1,467,000 after buying an additional 75 shares during the period. 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 period. Pettyjohn Wood & White Inc. raised its stake in Wells Fargo & Co. by 0.6% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 35,469 shares of the financial services provider’s stock valued at $1,928,000 after buying an additional 208 shares during the period. Bangor Savings Bank raised its stake in Wells Fargo & Co. by 0.7% in the fourth quarter. Bangor Savings Bank now owns 52,371 shares of the financial services provider’s stock valued at $2,847,000 after buying an additional 372 shares during the period. Finally, S&T Bank PA raised its stake in Wells Fargo & Co. by 1.0% in the fourth quarter. S&T Bank PA now owns 39,654 shares of the financial services provider’s stock valued at $2,157,000 after buying an additional 393 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.