Traders bought shares of Wells Fargo & Co (NYSE:WFC) on weakness during trading hours on Thursday. $454.68 million flowed into the stock on the tick-up and $237.53 million flowed out of the stock on the tick-down, for a money net flow of $217.15 million into the stock. Of all stocks tracked, Wells Fargo & Co had the 3rd highest net in-flow for the day. Wells Fargo & Co traded down ($0.69) for the day and closed at $51.09

A number of equities research analysts have recently commented on the company. Macquarie cut Wells Fargo & Co from an “outperform” rating to a “neutral” rating in a research report on Friday, September 7th. They noted that the move was a valuation call. Wolfe Research assumed coverage on Wells Fargo & Co in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. Edward Jones upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research cut Wells Fargo & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Finally, Citigroup upgraded Wells Fargo & Co from a “neutral” rating to a “buy” rating in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $63.79.

The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $252.57 billion, a PE ratio of 12.43, a PEG ratio of 1.03 and a beta of 1.00.

Wells Fargo & Co (NYSE:WFC) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.04). Wells Fargo & Co had a return on equity of 12.69% and a net margin of 23.17%. The firm had revenue of $21.94 billion during the quarter, compared to analyst estimates of $21.90 billion. On average, research analysts expect that Wells Fargo & Co will post 4.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Friday, November 9th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, November 8th. Wells Fargo & Co’s payout ratio is 41.85%.

Wells Fargo & Co announced that its board has initiated a stock buyback program on Tuesday, October 23rd that permits the company to repurchase 350,000,000 outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

A number of hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC grew its stake in shares of Wells Fargo & Co by 416.1% during the 2nd quarter. Tributary Capital Management LLC now owns 43,870 shares of the financial services provider’s stock worth $2,432,000 after acquiring an additional 35,370 shares in the last quarter. Kessler Investment Group LLC grew its stake in shares of Wells Fargo & Co by 2.3% during the 2nd quarter. Kessler Investment Group LLC now owns 38,680 shares of the financial services provider’s stock worth $2,144,000 after acquiring an additional 875 shares in the last quarter. Intact Investment Management Inc. grew its stake in shares of Wells Fargo & Co by 88.1% during the 2nd quarter. Intact Investment Management Inc. now owns 102,900 shares of the financial services provider’s stock worth $5,708,000 after acquiring an additional 48,200 shares in the last quarter. Pratt Collard Advisory Partners LLC grew its stake in shares of Wells Fargo & Co by 13.4% during the 2nd quarter. Pratt Collard Advisory Partners LLC now owns 15,490 shares of the financial services provider’s stock worth $859,000 after acquiring an additional 1,825 shares in the last quarter. Finally, Advisor Partners LLC grew its stake in shares of Wells Fargo & Co by 10.7% during the 2nd quarter. Advisor Partners LLC now owns 102,659 shares of the financial services provider’s stock worth $5,691,000 after acquiring an additional 9,959 shares in the last quarter. Institutional investors own 73.02% of the company’s stock.

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About Wells Fargo & Co (NYSE:WFC)

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

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