Investors bought shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading hours on Thursday. $111.39 million flowed into the stock on the tick-up and $60.01 million flowed out of the stock on the tick-down, for a money net flow of $51.38 million into the stock. Of all companies tracked, Wells Fargo & Co. had the 6th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.08) for the day and closed at $48.53

Several equities analysts have recently commented on WFC shares. Nomura restated a “buy” rating and issued a $58.00 price objective (down from $60.00) on shares of Wells Fargo & Co. in a report on Monday, April 25th. Morgan Stanley restated a “hold” rating on shares of Wells Fargo & Co. in a report on Tuesday, May 17th. Vetr upgraded shares of Wells Fargo & Co. from a “buy” rating to a “strong-buy” rating and set a $53.77 price objective on the stock in a report on Tuesday, May 17th. Jefferies Group reiterated a “buy” rating and set a $57.00 target price on shares of Wells Fargo & Co. in a report on Wednesday, May 18th. Finally, Piper Jaffray Cos. reiterated an “underweight” rating and set a $44.00 target price on shares of Wells Fargo & Co. in a report on Thursday, May 19th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. Wells Fargo & Co. currently has an average rating of “Hold” and an average price target of $53.34.

The firm has a market capitalization of $244.86 billion and a P/E ratio of 11.98. The stock has a 50-day moving average price of $48.02 and a 200 day moving average price of $48.54.

Wells Fargo & Co. (NYSE:WFC) last issued its earnings results on Friday, July 15th. The financial services provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. During the same quarter last year, the business earned $1.03 earnings per share. The business had revenue of $22.20 billion for the quarter. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Wells Fargo & Co. will post $4.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.13%.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the stock in a transaction on Monday, August 8th. The shares were 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 directly owns 650,815 shares of the company’s stock, valued at $31,837,869.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have modified their holdings of WFC. Baldwin Investment Management LLC boosted its stake in shares of 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 period. Pointe Capital Management LLC boosted its stake in shares of 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 period. Homrich & Berg boosted its stake in shares of 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 period. Capital Counsel LLC NY boosted its stake in shares of 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 worth $1,194,000 after buying an additional 2,026 shares during the period. Finally, Milestone Group Inc. boosted its stake in shares of Wells Fargo & Co. by 9.3% in the fourth quarter. Milestone Group Inc. now owns 23,745 shares of the financial services provider’s stock worth $1,291,000 after buying an additional 2,013 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.

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