Investors Sell Wells Fargo & Company (WFC) on Strength (WFC)

Investors sold shares of Wells Fargo & Company (NYSE:WFC) on strength during trading on Thursday. $186.16 million flowed into the stock on the tick-up and $282.33 million flowed out of the stock on the tick-down, for a money net flow of $96.17 million out of the stock. Of all equities tracked, Wells Fargo & Company had the 9th highest net out-flow for the day. Wells Fargo & Company traded up $1.47 for the day and closed at $61.61

Several equities research analysts have recently weighed in on the stock. Vetr raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating and set a $54.49 target price on the stock in a report on Tuesday, October 24th. Buckingham Research raised shares of Wells Fargo & Company from a “neutral” rating to a “buy” rating and upped their target price for the stock from $57.00 to $75.00 in a report on Thursday. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $50.00 target price (down previously from $52.00) on shares of Wells Fargo & Company in a report on Wednesday, September 13th. Vertical Group upgraded shares of Wells Fargo & Company from a “sell” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $59.00 price target on shares of Wells Fargo & Company in a research report on Monday, October 16th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $57.75.

The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $303,610.00, a PE ratio of 14.58, a PEG ratio of 1.88 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The business had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.30 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts forecast that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.53%. Wells Fargo & Company’s payout ratio is presently 40.31%.

In other Wells Fargo & Company news, insider John R. Shrewsberry sold 70,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.90, for a total transaction of $3,983,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Loughlin sold 17,482 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $57.80, for a total transaction of $1,010,459.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,482 shares of company stock worth $10,471,050. Corporate insiders own 0.22% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $1,095,000. Brick & Kyle Associates raised its position in shares of Wells Fargo & Company by 9.5% in the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 162 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $104,000. Patriot Financial Group Insurance Agency LLC raised its position in shares of Wells Fargo & Company by 0.3% in the 2nd 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 period. Finally, Delphi Private Advisors LLC raised its position in shares of Wells Fargo & Company by 262.8% in the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,461 shares during the period. Institutional investors and hedge funds own 75.69% of the company’s stock.

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Wells Fargo & Company 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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