Traders purchased 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 equities 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

WFC has been the topic of several research reports. Deutsche Bank AG reissued a “buy” rating on shares of Wells Fargo & Co. in a research report on Saturday, June 4th. FBR & Co reissued a “buy” rating and issued a $63.00 target price on shares of Wells Fargo & Co. in a research report on Wednesday, June 1st. Royal Bank Of Canada reissued a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday, May 26th. Drexel Hamilton reissued a “buy” rating on shares of Wells Fargo & Co. in a research report on Thursday, May 26th. Finally, Evercore ISI reissued a “buy” rating and issued a $53.00 target price on shares of Wells Fargo & Co. in a research report on Thursday, May 26th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. Wells Fargo & Co. presently has an average rating of “Hold” and a consensus target price of $53.24.

The stock’s 50-day moving average price is $48.57 and its 200-day moving average price is $48.69. The firm has a market capitalization of $255.05 billion and a P/E ratio of 12.48.

Wells Fargo & Co. (NYSE:WFC) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. The business had revenue of $22.20 billion for the quarter. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Wells Fargo & Co. will post $4.03 earnings per share for the current year.

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

In other Wells Fargo & Co. news, COO Timothy J. Sloan sold 20,500 shares of the stock in a transaction that occurred 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 $31,837,869.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Several institutional investors have recently added to or reduced their stakes in WFC. Wafra Investment Advisory Group Inc. NY increased its position in 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 increased 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 period. Veritable L.P. increased 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 period. Bragg Financial Advisors Inc increased 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 period. Finally, Alerus Investment Advisors Corp increased 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 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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