Investors purchased shares of Wells Fargo & Co. (NYSE:WFC) on weakness during trading on Friday. $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 16th highest net in-flow for the day. Wells Fargo & Co. traded down ($0.37) for the day and closed at $50.43

Several equities analysts recently issued reports on the stock. 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 research report on Wednesday, July 6th. Raymond James Financial Inc. reiterated a “market perform” rating on shares of Wells Fargo & Co. in a research report on Thursday, July 7th. FBR & Co reiterated a “buy” rating and set a $63.00 price target on shares of Wells Fargo & Co. in a research report on Monday, July 18th. Barclays PLC dropped their price objective on shares of Wells Fargo & Co. from $63.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Wells Fargo & Co. in a research note on Monday, July 18th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.24.

The company has a market capitalization of $255.05 billion and a PE ratio of 12.48. The firm has a 50-day moving average price of $48.51 and a 200 day moving average price of $48.67.

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

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

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of Wells Fargo & Co. stock in a transaction that occurred on 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 sale, 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 document filed with the SEC, which is accessible through this hyperlink.

Other hedge funds have made changes to their positions in the company. Northstar Investment Advisors LLC boosted 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 last quarter. Alpha Cubed Investments LLC boosted 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 last quarter. Segment Wealth Management LLC boosted 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 last quarter. First Houston Capital Inc. boosted 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 last quarter. Finally, Usca Ria LLC boosted 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 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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