Investors bought shares of Wells Fargo & Co (NYSE:WFC) on weakness during trading on Monday. $226.82 million flowed into the stock on the tick-up and $129.51 million flowed out of the stock on the tick-down, for a money net flow of $97.31 million into the stock. Of all equities tracked, Wells Fargo & Co had the 9th highest net in-flow for the day. Wells Fargo & Co traded down ($0.71) for the day and closed at $62.04

Several analysts have weighed in on WFC shares. Citigroup reissued a “buy” rating and set a $65.00 price objective (up from $60.00) on shares of Wells Fargo & Co in a report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $58.00 price objective on shares of Wells Fargo & Co in a report on Friday, October 6th. Instinet reissued a “buy” rating and set a $65.00 price objective (up from $64.00) on shares of Wells Fargo & Co in a report on Saturday, September 30th. Nomura boosted their price objective on Wells Fargo & Co from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Wells Fargo & Co in a report on Wednesday, October 11th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.24.

The company has a market cap of $305,730.00, a PE ratio of 16.03, a PEG ratio of 1.72 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 1.32.

Wells Fargo & Co (NYSE:WFC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.20). Wells Fargo & Co had a net margin of 22.00% and a return on equity of 12.59%. The business had revenue of $21.93 billion during the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Wells Fargo & Co’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities research analysts anticipate that Wells Fargo & Co will post 3.98 earnings per share for the current fiscal year.

In related news, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $57.80, for a total value of $1,010,459.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock valued at $10,471,050 over the last quarter. 0.22% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of WFC. Patriot Financial Group Insurance Agency LLC boosted its position in Wells Fargo & Co by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 6 shares during the last quarter. Winch Advisory Services LLC boosted its position in Wells Fargo & Co by 0.7% during the 2nd quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 20 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in Wells Fargo & Co by 0.5% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 4,954 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 26 shares during the last quarter. Financial Advisory Group boosted its position in Wells Fargo & Co by 0.7% during the 2nd quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 35 shares during the last quarter. Finally, Financial Advisory Service Inc. boosted its position in Wells Fargo & Co by 0.6% during the 2nd quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

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About Wells Fargo & Co

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

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