Traders sold shares of Wells Fargo & Co. (NYSE:WFC) on strength during trading hours on Wednesday. $155.43 million flowed into the stock on the tick-up and $237.27 million flowed out of the stock on the tick-down, for a money net flow of $81.84 million out of the stock. Of all equities tracked, Wells Fargo & Co. had the 0th highest net out-flow for the day. Wells Fargo & Co. traded up $1.06 for the day and closed at $50.62

Several research firms have recently weighed in on WFC. Vetr cut 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. Raymond James Financial Inc. reaffirmed a “market perform” rating on shares of Wells Fargo & Co. in a report on Thursday, July 7th. FBR & Co reaffirmed a “buy” rating and issued a $63.00 price target on shares of Wells Fargo & Co. in a report on Monday, July 18th. Barclays PLC decreased their price target on shares of Wells Fargo & Co. from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Wells Fargo & Co. in a report on Monday, July 18th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. Wells Fargo & Co. presently has an average rating of “Hold” and an average target price of $53.24.

The stock has a market capitalization of $256.31 billion and a P/E ratio of 12.54. The firm’s 50 day moving average is $48.47 and its 200 day moving average is $48.66.

Wells Fargo & Co. (NYSE:WFC) last issued its earnings results on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.01. The company earned $22.20 billion during the quarter. During the same quarter in the prior year, the company earned $1.03 EPS. Wells Fargo & Co.’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts forecast that Wells Fargo & Co. will post $4.03 EPS for the current fiscal 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 $0.38 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.52 dividend on an annualized basis and a yield of 2.99%.

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the company’s stock in a transaction dated 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 directly owns 650,815 shares in the company, valued at approximately $31,837,869.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Other institutional investors recently modified their holdings of the company. Wetherby Asset Management Inc. increased its position in shares of Wells Fargo & Co. by 3.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 74,070 shares of the financial services provider’s stock worth $4,026,000 after buying an additional 2,355 shares in the last quarter. Kuntz Lesher Capital LLC increased its position in shares of Wells Fargo & Co. by 7.5% in the fourth quarter. Kuntz Lesher Capital LLC now owns 103,643 shares of the financial services provider’s stock worth $56,416,000 after buying an additional 7,226 shares in the last quarter. Vanguard Group Inc. increased 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 in the last quarter. Bank of The Ozarks increased its position in shares of Wells Fargo & Co. by 7.3% in the fourth quarter. Bank of The Ozarks now owns 25,307 shares of the financial services provider’s stock worth $1,376,000 after buying an additional 1,716 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. increased its position in shares of 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.

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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