Traders sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading hours on Tuesday. $103.94 million flowed into the stock on the tick-up and $127.79 million flowed out of the stock on the tick-down, for a money net flow of $23.85 million out of the stock. Of all companies tracked, Wells Fargo & Co. had the 0th highest net out-flow for the day. Wells Fargo & Co. traded up $0.17 for the day and closed at $48.44

A number of equities research analysts have recently issued reports on WFC shares. Goldman Sachs Group Inc. reissued a “buy” rating and set a $58.00 price objective (down previously from $59.00) on shares of Wells Fargo & Co. in a report on Tuesday, April 19th. Nomura reissued a “buy” rating and set a $58.00 price objective (down previously from $60.00) on shares of Wells Fargo & Co. in a report on Monday, April 25th. Morgan Stanley reissued a “hold” rating on shares of Wells Fargo & Co. in a report on Tuesday, May 17th. Vetr raised shares of Wells Fargo & Co. from a “buy” rating to a “strong-buy” rating and set a $53.77 price objective for the company in a report on Tuesday, May 17th. Finally, Jefferies Group reissued a “buy” rating and set a $57.00 price objective on shares of Wells Fargo & Co. in a report on Wednesday, May 18th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.34.

The company has a market cap of $244.41 billion and a price-to-earnings ratio of 11.96. The stock’s 50 day moving average is $47.91 and its 200 day moving average is $48.54.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, August 3rd.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the business’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 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 filing with the SEC, which is available through this link.

Several large investors have recently made changes to their positions in WFC. King Luther Capital Management Corp boosted its stake in shares of Wells Fargo & Co. by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 3,527,338 shares of the financial services provider’s stock valued at $191,746,000 after buying an additional 22,123 shares during the last quarter. Autus Asset Management LLC boosted its stake in shares of Wells Fargo & Co. by 9.3% in the fourth quarter. Autus Asset Management LLC now owns 71,691 shares of the financial services provider’s stock worth $3,896,000 after buying an additional 6,108 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its stake in shares of 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 worth $1,467,000 after buying an additional 75 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of Wells Fargo & Co. by 5.3% in the fourth quarter. Argent Capital Management LLC now owns 287,765 shares of the financial services provider’s stock worth $15,643,000 after buying an additional 14,567 shares during the last quarter. Finally, Braver Wealth Management LLC boosted its stake in shares of Wells Fargo & Co. by 3.7% in the fourth quarter. Braver Wealth Management LLC now owns 52,514 shares of the financial services provider’s stock worth $2,855,000 after buying an additional 1,890 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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