Traders sold shares of Wells Fargo & Company (NYSE:WFC) on strength during trading on Wednesday. $173.70 million flowed into the stock on the tick-up and $242.24 million flowed out of the stock on the tick-down, for a money net flow of $68.54 million out of the stock. Of all equities tracked, Wells Fargo & had the 9th highest net out-flow for the day. Wells Fargo & traded up $0.22 for the day and closed at $53.41

WFC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 price objective on shares of Wells Fargo & in a research report on Monday. UBS AG set a $55.00 price objective on Wells Fargo & and gave the company a “hold” rating in a research report on Monday. BMO Capital Markets lifted their price objective on Wells Fargo & from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Monday. Piper Jaffray Companies set a $50.00 price objective on Wells Fargo & and gave the company a “hold” rating in a research report on Sunday. Finally, Vetr raised Wells Fargo & from a “sell” rating to a “hold” rating and set a $52.91 price objective on the stock in a research report on Monday. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Wells Fargo & currently has a consensus rating of “Hold” and an average target price of $57.14.

The firm has a market cap of $263.20 billion, a P/E ratio of 13.80 and a beta of 0.97. The company has a 50-day moving average price of $53.06 and a 200-day moving average price of $53.54.

Wells Fargo & (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.20). The firm had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. Wells Fargo & had a net margin of 22.00% and a return on equity of 12.59%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 EPS. Equities analysts anticipate that Wells Fargo & Company will post $3.98 earnings per share for the current year.

Wells Fargo & announced that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $11.50 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Large investors have recently bought and sold shares of the stock. Boston Partners increased its holdings in shares of Wells Fargo & by 50.0% in the first quarter. Boston Partners now owns 7,948,841 shares of the financial services provider’s stock valued at $442,432,000 after purchasing an additional 2,648,763 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Wells Fargo & by 83.9% in the first quarter. Canada Pension Plan Investment Board now owns 7,972,116 shares of the financial services provider’s stock valued at $443,728,000 after purchasing an additional 3,637,100 shares during the last quarter. Kelman Lazarov Inc. increased its holdings in shares of Wells Fargo & by 6.0% in the second quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock valued at $3,556,000 after purchasing an additional 3,612 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Wells Fargo & by 4.7% in the second quarter. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider’s stock valued at $5,722,000 after purchasing an additional 4,647 shares during the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA increased its holdings in shares of Wells Fargo & by 25.8% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,307 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 1,500 shares during the last quarter. 75.09% of the stock is owned by hedge funds and other institutional investors.

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Wells Fargo & 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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