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

A number of brokerages have recently commented on WFC. Vetr lowered 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. Royal Bank Of Canada decreased their price target on shares of Wells Fargo & Co. from $57.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday, July 18th. Evercore ISI reissued a “buy” rating and issued a $53.00 price target on shares of Wells Fargo & Co. in a report on Monday, July 18th. Bank of America Corp. reissued a “buy” rating and issued a $55.00 price target on shares of Wells Fargo & Co. in a report on Monday, July 18th. Finally, Zacks Investment Research raised shares of Wells Fargo & Co. from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.24.

The company has a 50 day moving average price of $48.57 and a 200 day moving average price of $48.69. The company has a market capitalization of $255.05 billion and a PE ratio of 12.48.

Wells Fargo & Co. (NYSE:WFC) last issued its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. During the same quarter last year, the firm earned $1.03 earnings per share. The firm had revenue of $22.20 billion for the quarter. Wells Fargo & Co.’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Co. will post $4.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were paid 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 dividend yield of 3.01%.

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

A number of large investors recently added to or reduced their stakes in the stock. Atlantic Trust Group LLC boosted its stake in Wells Fargo & Co. by 5.5% in the fourth quarter. Atlantic Trust Group LLC now owns 2,679,308 shares of the financial services provider’s stock worth $145,647,000 after buying an additional 139,568 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Wells Fargo & Co. by 2.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 1,450,269 shares of the financial services provider’s stock worth $78,837,000 after buying an additional 33,400 shares in the last quarter. Veritable L.P. boosted its stake 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 worth $17,413,000 after buying an additional 11,350 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in Wells Fargo & Co. by 89.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 277,018 shares of the financial services provider’s stock worth $15,058,000 after buying an additional 130,589 shares in the last quarter. Finally, Manitou Investment Management Ltd. boosted its stake in Wells Fargo & Co. by 1.6% in the fourth quarter. Manitou Investment Management Ltd. now owns 252,730 shares of the financial services provider’s stock worth $13,738,000 after buying an additional 4,040 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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