Investors Sell Shares of Wells Fargo & Co (WFC) on Strength (WFC)

Investors sold shares of Wells Fargo & Co (NYSE:WFC) on strength during trading hours on Friday. $115.11 million flowed into the stock on the tick-up and $209.68 million flowed out of the stock on the tick-down, for a money net flow of $94.57 million out of the stock. Of all companies tracked, Wells Fargo & Co had the 12th highest net out-flow for the day. Wells Fargo & Co traded up $0.03 for the day and closed at $47.58

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Wells Fargo & Co from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Goldman Sachs Group downgraded shares of Wells Fargo & Co from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $58.00 to $48.00 in a research note on Friday, April 12th. Barclays decreased their price target on shares of Wells Fargo & Co from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Morgan Stanley decreased their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Deutsche Bank decreased their price target on shares of Wells Fargo & Co from $54.00 to $48.00 and set a “hold” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Wells Fargo & Co currently has an average rating of “Hold” and an average price target of $56.35.

The firm has a market capitalization of $232.08 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.87 and a beta of 1.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.87 and a current ratio of 0.88.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. The business had revenue of $21.61 billion for the quarter, compared to analysts’ expectations of $20.89 billion. Wells Fargo & Co had a net margin of 22.59% and a return on equity of 13.37%. During the same quarter in the prior year, the company earned $0.96 earnings per share. Analysts forecast that Wells Fargo & Co will post 4.84 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Orrstown Financial Services Inc. grew its holdings in shares of Wells Fargo & Co by 125.9% during the first quarter. Orrstown Financial Services Inc. now owns 515 shares of the financial services provider’s stock valued at $25,000 after buying an additional 287 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Wells Fargo & Co during the fourth quarter valued at approximately $32,000. SevenBridge Financial Group LLC grew its holdings in shares of Wells Fargo & Co by 500.0% during the fourth quarter. SevenBridge Financial Group LLC now owns 1,200 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,000 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of Wells Fargo & Co during the first quarter valued at approximately $37,000. Finally, Athena Capital Advisors LLC purchased a new stake in shares of Wells Fargo & Co during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 72.19% of the company’s stock.

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Wells Fargo & Co Company Profile (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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