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

Traders sold shares of Wells Fargo & Co (NYSE:WFC) on strength during trading hours on Thursday. $122.72 million flowed into the stock on the tick-up and $218.62 million flowed out of the stock on the tick-down, for a money net flow of $95.90 million out of the stock. Of all stocks tracked, Wells Fargo & Co had the 11th highest net out-flow for the day. Wells Fargo & Co traded up $0.43 for the day and closed at $50.35

WFC has been the subject of a number of research analyst reports. Zacks Investment Research lowered Wells Fargo & Co from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Royal Bank of Canada upgraded Wells Fargo & Co from an “underperform” rating to a “sector perform” rating and set a $45.50 target price for the company in a report on Wednesday, January 2nd. Credit Suisse Group reiterated a “hold” rating and set a $60.00 price objective on shares of Wells Fargo & Co in a report on Friday, January 11th. ValuEngine upgraded Wells Fargo & Co from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Finally, Barclays cut their price objective on Wells Fargo & Co from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $61.33.

The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.32. The firm has a market cap of $242.18 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.90 and a beta of 1.12.



Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Tuesday, January 15th. The financial services provider reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.04. Wells Fargo & Co had a return on equity of 13.34% and a net margin of 22.95%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.80 billion. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Wells Fargo & Co will post 4.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were issued a dividend of $0.45 per share. This is a positive change from Wells Fargo & Co’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, January 31st. Wells Fargo & Co’s dividend payout ratio (DPR) is 41.10%.

A number of hedge funds and other institutional investors have recently bought and sold shares of WFC. Arbor Wealth Management LLC grew its position in shares of Wells Fargo & Co by 22.5% in the fourth quarter. Arbor Wealth Management LLC now owns 101,486 shares of the financial services provider’s stock valued at $4,676,000 after purchasing an additional 18,655 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Wells Fargo & Co in the fourth quarter valued at about $23,395,000. Sowell Financial Services LLC grew its position in shares of Wells Fargo & Co by 28.1% in the fourth quarter. Sowell Financial Services LLC now owns 107,310 shares of the financial services provider’s stock valued at $4,945,000 after purchasing an additional 23,530 shares during the last quarter. Norges Bank acquired a new stake in shares of Wells Fargo & Co in the fourth quarter valued at about $2,004,580,000. Finally, Actinver Wealth Management Inc. acquired a new stake in shares of Wells Fargo & Co in the fourth quarter valued at about $2,979,000. Institutional investors own 71.44% 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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