Investors bought shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading hours on Thursday. $157.81 million flowed into the stock on the tick-up and $119.11 million flowed out of the stock on the tick-down, for a money net flow of $38.70 million into the stock. Of all companies tracked, Wells Fargo & Co. had the 36th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.37) for the day and closed at $50.43

Several analysts recently issued reports on the stock. Deutsche Bank AG restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, June 4th. Barclays PLC restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Nomura restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, July 9th. Drexel Hamilton restated a “buy” rating on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Finally, RBC Capital Markets restated a “buy” rating and set a $54.00 target price (down from $57.00) on shares of Wells Fargo & Co. in a research report on Tuesday, July 19th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. Wells Fargo & Co. currently has a consensus rating of “Hold” and an average price target of $53.24.

The company’s 50 day moving average is $48.53 and its 200-day moving average is $48.67. The stock has a market capitalization of $254.45 billion and a price-to-earnings ratio of 12.45.

Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $22.20 billion for the quarter. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. On average, equities research analysts predict that Wells Fargo & Co. will post $4.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were issued a dividend of $0.38 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.01%.

In other news, COO Timothy J. Sloan sold 20,500 shares of Wells Fargo & Co. stock in a transaction 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 transaction, 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 this hyperlink.

Other hedge funds recently modified their holdings of the company. Northstar Investment Advisors LLC raised its stake in shares of Wells Fargo & Co. by 2.3% in the fourth quarter. Northstar Investment Advisors LLC now owns 27,790 shares of the financial services provider’s stock valued at $1,511,000 after buying an additional 615 shares during the period. Alpha Cubed Investments LLC raised its stake in shares of Wells Fargo & Co. by 3.8% in the fourth quarter. Alpha Cubed Investments LLC now owns 67,123 shares of the financial services provider’s stock valued at $3,649,000 after buying an additional 2,444 shares during the period. Segment Wealth Management LLC raised its stake in shares of Wells Fargo & Co. by 739.9% in the fourth quarter. Segment Wealth Management LLC now owns 37,257 shares of the financial services provider’s stock valued at $2,025,000 after buying an additional 32,821 shares during the period. First Houston Capital Inc. raised its stake in shares of Wells Fargo & Co. by 17.6% in the fourth quarter. First Houston Capital Inc. now owns 37,400 shares of the financial services provider’s stock valued at $2,033,000 after buying an additional 5,600 shares during the period. Finally, Usca Ria LLC raised its stake in shares of Wells Fargo & Co. by 10.5% in the fourth quarter. Usca Ria LLC now owns 26,332 shares of the financial services provider’s stock valued at $1,431,000 after buying an additional 2,507 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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