Investors sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading on Tuesday. $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

Several analysts have recently commented on WFC shares. FBR & Co restated a “buy” rating and set a $63.00 price objective on shares of Wells Fargo & Co. in a research report on Wednesday, June 1st. Vetr downgraded shares of Wells Fargo & Co. from a “hold” rating to a “sell” rating and set a $46.32 price objective on the stock. in a research report on Tuesday. Royal Bank Of Canada restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday, May 26th. Drexel Hamilton restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday, May 26th. Finally, Evercore ISI restated a “buy” rating and set a $53.00 price objective on shares of Wells Fargo & Co. in a research report on Thursday, May 26th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.24.

The stock has a market capitalization of $255.41 billion and a PE ratio of 12.50. The company has a 50-day moving average of $48.40 and a 200-day moving average of $48.64.

Wells Fargo & Co. (NYSE:WFC) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. During the same period in the prior year, the firm posted $1.03 EPS. The firm had revenue of $22.20 billion for the quarter. The company’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Co. will post $4.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 5th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, August 3rd.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 650,815 shares of the company’s stock, valued at $31,837,869.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of hedge funds and institutional investors recently made changes to their positions in the company. Wafra Investment Advisory Group Inc. NY raised its position in shares of Wells Fargo & Co. by 4.2% in the fourth quarter. Wafra Investment Advisory Group Inc. NY now owns 232,568 shares of the financial services provider’s stock valued at $12,642,000 after buying an additional 9,404 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. Veritable L.P. raised its position 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 last quarter. Bragg Financial Advisors Inc raised its position in Wells Fargo & Co. by 1.2% in the fourth quarter. Bragg Financial Advisors Inc now owns 99,893 shares of the financial services provider’s stock valued at $5,430,000 after buying an additional 1,143 shares during the last quarter. Finally, Alerus Investment Advisors Corp raised its position in Wells Fargo & Co. by 2.2% in the fourth quarter. Alerus Investment Advisors Corp now owns 93,926 shares of the financial services provider’s stock valued at $5,105,000 after buying an additional 2,003 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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