Wells Fargo & Co. (NYSE:WFC) shares saw an uptick in trading volume on Monday . 12,491,879 shares were traded during trading, a decline of 15% from the previous session’s volume of 14,727,515 shares.The stock last traded at $49.69 and had previously closed at $48.51.

A number of research firms have recently weighed in on WFC. Barclays PLC reissued a “buy” rating on shares of Wells Fargo & Co. in a report on Saturday, July 9th. Nomura reissued a “buy” rating on shares of Wells Fargo & Co. in a report on Saturday, July 9th. FBR & Co reissued a “buy” rating and set a $63.00 target price on shares of Wells Fargo & Co. in a report on Wednesday, June 1st. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & Co. in a report on Sunday, June 26th. Finally, Zacks Investment Research downgraded Wells Fargo & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. Wells Fargo & Co. presently has a consensus rating of “Hold” and an average target price of $53.34.

The company has a market capitalization of $250.06 billion and a price-to-earnings ratio of 12.24. The company’s 50 day moving average price is $48.33 and its 200-day moving average price is $48.62.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. During the same quarter in the previous year, the company earned $1.03 EPS. The firm had revenue of $22.20 billion for the quarter. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Wells Fargo & Co. will post $4.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.07%.

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 transaction of $1,002,860.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website.

Several large investors have recently added to or reduced their stakes in WFC. Pettyjohn Wood & White Inc. increased its stake 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 valued at $1,928,000 after buying an additional 208 shares during the period. Bangor Savings Bank increased its stake 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 valued at $2,847,000 after buying an additional 372 shares during the period. Taylor Cottrill LLC increased its stake 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 valued at $2,599,000 after buying an additional 400 shares during the period. Baldwin Investment Management LLC increased its stake 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 valued at $1,079,000 after buying an additional 486 shares during the period. Finally, Holderness Investments Co. increased its stake 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 valued at $1,540,000 after buying an additional 488 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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