Investors sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading hours on Friday. $90.22 million flowed into the stock on the tick-up and $142.33 million flowed out of the stock on the tick-down, for a money net flow of $52.11 million out of the stock. Of all stocks tracked, Wells Fargo & Co. had the 0th highest net out-flow for the day. Wells Fargo & Co. traded up $0.13 for the day and closed at $48.51

Several equities research analysts have issued reports on WFC shares. Vetr lowered shares of Wells Fargo & Co. from a “strong-buy” rating to a “buy” rating and set a $51.06 price target on the stock. in a report on Wednesday, July 6th. Royal Bank Of Canada lowered their price target on shares of Wells Fargo & Co. from $57.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday, July 18th. Evercore ISI reissued a “buy” rating and issued a $53.00 price target on shares of Wells Fargo & Co. in a report on Monday, July 18th. Bank of America Corp. reissued a “buy” rating and issued a $55.00 price target on shares of Wells Fargo & Co. in a report on Monday, July 18th. Finally, Zacks Investment Research raised shares of Wells Fargo & Co. from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Four 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. has a consensus rating of “Hold” and a consensus price target of $53.34.

The stock has a market capitalization of $244.76 billion and a PE ratio of 11.98. The firm has a 50-day moving average price of $48.28 and a 200-day moving average price of $48.56.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 5th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, August 3rd.

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

Other institutional investors recently bought and sold shares of the company. Pettyjohn Wood & White Inc. raised its position 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 worth $1,928,000 after buying an additional 208 shares in the last quarter. Bangor Savings Bank raised its position 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 worth $2,847,000 after buying an additional 372 shares in the last quarter. Taylor Cottrill LLC raised its position in Wells Fargo & Co. by 0.8% in the fourth quarter. Taylor Cottrill LLC now owns 47,815 shares of the financial services provider’s stock worth $2,599,000 after buying an additional 400 shares in the last quarter. Baldwin Investment Management LLC raised its position 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 in the last quarter. Finally, Holderness Investments Co. raised its position in Wells Fargo & Co. by 1.8% in the fourth quarter. Holderness Investments Co. now owns 28,322 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 488 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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