Investors sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading on Monday. $151.29 million flowed into the stock on the tick-up and $200.15 million flowed out of the stock on the tick-down, for a money net flow of $48.86 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 $1.05 for the day and closed at $49.56

WFC has been the subject of several recent analyst reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Wells Fargo & Co. in a report on Monday, July 18th. Vetr raised shares of Wells Fargo & Co. from a “buy” rating to a “strong-buy” rating and set a $54.16 target price for the company in a report on Monday, June 13th. Jefferies Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of Wells Fargo & Co. in a report on Wednesday, May 18th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a report on Tuesday, July 12th. Finally, Zacks Investment Research downgraded shares of Wells Fargo & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Wells Fargo & Co. has an average rating of “Hold” and a consensus price target of $53.34.

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

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The business earned $22.20 billion during the quarter. During the same period last year, the business posted $1.03 EPS. Wells Fargo & Co.’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Co. will post $4.04 EPS for the current year.

The firm 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 $0.38 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $1.52 annualized dividend and a yield of 3.07%.

In related news, COO Timothy J. Sloan sold 20,500 shares of the company’s 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 completion of 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 legal filing with the SEC, which can be accessed through the SEC website.

Other hedge funds have added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. increased its stake in Wells Fargo & Co. by 89.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 277,018 shares of the financial services provider’s stock valued at $15,058,000 after buying an additional 130,589 shares during the period. Veritable L.P. increased its stake in Wells Fargo & Co. by 3.7% in the fourth quarter. Veritable L.P. now owns 320,332 shares of the financial services provider’s stock valued at $17,413,000 after buying an additional 11,350 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Wells Fargo & Co. by 7.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 25,600 shares of the financial services provider’s stock valued at $1,392,000 after buying an additional 1,800 shares during the period. Gulf International Bank UK Ltd increased its stake in Wells Fargo & Co. by 2.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 1,450,269 shares of the financial services provider’s stock valued at $78,837,000 after buying an additional 33,400 shares during the period. Finally, Confluence Wealth Management LLC increased its stake in Wells Fargo & Co. by 8.8% in the fourth quarter. Confluence Wealth Management LLC now owns 31,423 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 2,547 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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