Traders sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading 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 companies 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 brokerages recently weighed in on WFC. FBR & Co restated a “buy” rating and issued a $63.00 price target on shares of Wells Fargo & Co. in a research note on Wednesday, June 1st. Royal Bank Of Canada restated a “buy” rating on shares of Wells Fargo & Co. in a research note on Thursday, May 26th. Drexel Hamilton restated a “buy” rating on shares of Wells Fargo & Co. in a research note on Thursday, May 26th. Evercore ISI restated a “buy” rating and issued a $53.00 price target on shares of Wells Fargo & Co. in a research note on Thursday, May 26th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Wells Fargo & Co. in a report on Saturday, June 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.34.

The company has a market capitalization of $244.76 billion and a P/E ratio of 11.98. The stock’s 50-day moving average is $48.28 and its 200-day moving average is $48.56.

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 for the quarter, meeting the Zacks’ consensus estimate of $1.01. The company earned $22.20 billion during the quarter. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Wells Fargo & Co. will post $4.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 5th will be issued a $0.38 dividend. The ex-dividend date 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 Wells Fargo & Co. stock in a transaction on Monday, August 8th. The shares were 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 owns 650,815 shares in the company, valued at approximately $31,837,869.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Several institutional investors recently made changes to their positions in WFC. Vanguard Group Inc. raised its position in shares of Wells Fargo & Co. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 274,621,069 shares of the financial services provider’s stock worth $14,928,402,000 after buying an additional 4,893,739 shares during the period. Dimensional Fund Advisors LP raised its position in Wells Fargo & Co. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,991,108 shares of the financial services provider’s stock valued at $869,373,000 after buying an additional 631,447 shares during the last quarter. Atlantic Trust Group LLC raised its position in Wells Fargo & Co. by 5.5% in the fourth quarter. Atlantic Trust Group LLC now owns 2,679,308 shares of the financial services provider’s stock valued at $145,647,000 after buying an additional 139,568 shares during the last quarter. Winton Capital Group Ltd raised its position in Wells Fargo & Co. by 49.6% in the fourth quarter. Winton Capital Group Ltd now owns 1,544,818 shares of the financial services provider’s stock valued at $83,976,000 after buying an additional 512,191 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Wells Fargo & Co. by 5.7% in the fourth quarter. ProShare Advisors LLC now owns 1,478,380 shares of the financial services provider’s stock valued at $80,365,000 after buying an additional 79,812 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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