Traders bought shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading 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 stocks 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

A number of equities analysts have recently issued reports on WFC shares. Vetr downgraded Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $51.06 price target on the stock. in a research report on Wednesday, July 6th. Royal Bank Of Canada dropped their price target on Wells Fargo & Co. from $57.00 to $54.00 and set an “outperform” rating on the stock in a research report on Monday, July 18th. Nomura reaffirmed a “buy” rating and set a $58.00 price objective (down previously from $60.00) on shares of Wells Fargo & Co. in a research report on Monday, April 25th. Evercore ISI reaffirmed a “buy” rating and set a $53.00 price objective on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $55.00 price objective on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.34.

The stock has a 50 day moving average price of $47.74 and a 200 day moving average price of $48.55. The stock has a market cap of $241.68 billion and a PE ratio of 11.83.

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

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

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $48.92, for a total transaction of $1,002,860.00. Following the completion of the sale, the chief operating officer now directly owns 650,815 shares of the company’s stock, valued at approximately $31,837,869.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. bought a new stake in Wells Fargo & Co. during the fourth quarter worth $1,063,000. Investors Asset Management of Georgia Inc. GA ADV boosted 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 worth $1,068,000 after buying an additional 176 shares during the last quarter. Baldwin Investment Management LLC boosted 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 worth $1,079,000 after buying an additional 486 shares during the last quarter. Pointe Capital Management LLC boosted its stake in Wells Fargo & Co. by 10.2% in the fourth quarter. Pointe Capital Management LLC now owns 20,718 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 1,917 shares during the last quarter. Finally, Homrich & Berg boosted its stake in Wells Fargo & Co. by 26.1% in the fourth quarter. Homrich & Berg now owns 21,934 shares of the financial services provider’s stock worth $1,192,000 after buying an additional 4,546 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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