Investors purchased shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading on Monday. $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 research firms recently issued reports on WFC. Vetr cut shares of Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $51.06 price objective on the stock. in a research report on Wednesday, July 6th. Raymond James Financial Inc. restated a “market perform” rating on shares of Wells Fargo & Co. in a research report on Thursday, July 7th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $58.00 price target (down previously from $59.00) on shares of Wells Fargo & Co. in a research report on Tuesday, April 19th. FBR & Co restated a “buy” rating and issued a $63.00 price target on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Finally, Barclays PLC reduced their price target on shares of Wells Fargo & Co. from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. Wells Fargo & Co. has a consensus rating of “Hold” and a consensus target price of $53.34.

The stock has a 50 day moving average price of $47.81 and a 200 day moving average price of $48.55. The company has a market capitalization of $243.90 billion and a price-to-earnings ratio of 11.94.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. During the same period in the previous year, the company posted $1.03 earnings per share. The company had revenue of $22.20 billion for the quarter. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, 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. Stockholders of record on Friday, August 5th will be given a $0.38 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.15%.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 650,815 shares in the company, valued at $31,837,869.80. The transaction was disclosed in a filing with the SEC, which is available through this link.

A number of institutional investors have recently modified their holdings of WFC. WESPAC Advisors LLC raised its position in shares of Wells Fargo & Co. by 2.5% in the fourth quarter. WESPAC Advisors LLC now owns 31,265 shares of the financial services provider’s stock valued at $1,700,000 after buying an additional 754 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Wells Fargo & Co. by 4.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 524,235 shares of the financial services provider’s stock valued at $28,499,000 after buying an additional 23,300 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Wells Fargo & Co. by 2.4% in the fourth quarter. Chartwell Investment Partners LLC now owns 173,770 shares of the financial services provider’s stock valued at $9,447,000 after buying an additional 4,000 shares in the last quarter. Geneva Advisors LLC raised its position in shares of Wells Fargo & Co. by 6.5% in the fourth quarter. Geneva Advisors LLC now owns 73,879 shares of the financial services provider’s stock valued at $4,016,000 after buying an additional 4,515 shares in the last quarter. Finally, Princeton Alpha Management LP raised its position in shares of Wells Fargo & Co. by 507.8% in the fourth quarter. Princeton Alpha Management LP now owns 77,654 shares of the financial services provider’s stock valued at $4,221,000 after buying an additional 64,878 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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