Traders sold shares of Wells Fargo & Co (NYSE:WFC) on strength during trading on Monday. $91.40 million flowed into the stock on the tick-up and $183.64 million flowed out of the stock on the tick-down, for a money net flow of $92.24 million out of the stock. Of all equities tracked, Wells Fargo & Co had the 13th highest net out-flow for the day. Wells Fargo & Co traded up $0.51 for the day and closed at $64.73

A number of brokerages recently commented on WFC. Royal Bank of Canada lifted their price objective on Wells Fargo & Co to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $59.00 price objective on shares of Wells Fargo & Co in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wells Fargo & Co in a research note on Tuesday, January 16th. Atlantic Securities raised Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price objective for the company in a research note on Wednesday, January 10th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $75.00 price objective on shares of Wells Fargo & Co in a research note on Monday, January 8th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $61.71.

The company has a debt-to-equity ratio of 1.23, a current ratio of 0.90 and a quick ratio of 0.88. The company has a market cap of $318,980.00, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.96.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.07). The business had revenue of $22.05 billion for the quarter, compared to the consensus estimate of $22.64 billion. Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. sell-side analysts forecast that Wells Fargo & Co will post 4.7 earnings per share for the current fiscal year.

In other news, insider Michael J. Loughlin sold 17,482 shares of the business’s stock in a transaction dated 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 SEC, which is available through the SEC website. Also, insider John R. Shrewsberry sold 70,000 shares of the business’s stock in a transaction dated 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. Over the last quarter, insiders have sold 184,482 shares of company stock worth $10,471,050. Corporate insiders own 0.22% of the company’s stock.

Several institutional investors have recently modified their holdings of WFC. Patriot Financial Group Insurance Agency LLC increased its position in shares of Wells Fargo & Co by 0.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 6 shares during the last quarter. Winch Advisory Services LLC increased its position in shares of Wells Fargo & Co by 0.7% in the second quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 20 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its position in shares of Wells Fargo & Co by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,954 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 26 shares during the last quarter. Financial Advisory Group increased its position in shares of Wells Fargo & Co by 0.7% in the second quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 35 shares during the last quarter. Finally, Financial Advisory Service Inc. increased its position in shares of Wells Fargo & Co by 0.6% in the second quarter. Financial Advisory Service Inc. now owns 7,067 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 76.19% of the company’s stock.

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Wells Fargo & Co Company Profile

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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