Wells Fargo & Company/mn (WFC) Files Form 4 Insider Buying : Federico F Pena Buys 85 Shares

Wells Fargo & Company/mn (WFC): Federico F Pena , director of Wells Fargo & Company/mn purchased 85 shares on Mar 11, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $49.50 per share for a total value of $4,207.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, James H. Quigley (director) purchased 2,000 shares at $49.97 per share price.On Apr 28, 2016, James M Strother (Sr. Executive Vice President) sold 40,000 shares at $50.77 per share price.Also, On Apr 28, 2016, Avid Modjtabai (Sr. Executive Vice President) sold 55,000 shares at $50.77 per share price.On Apr 26, 2016, David M Carroll (Senior Exec. Vice President) sold 62,300 shares at $50.28 per share price.

Shares of Wells Fargo & Co (WFC) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.68 points or -1.37% at $48.94 with 2,24,02,535 shares getting traded. Post opening the session at $49.06, the shares hit an intraday low of $48.68 and an intraday high of $49.27 and the price vacillated in this range throughout the day. The company has a market cap of $248,454 M and the number of outstanding shares has been calculated to be 5,07,67,12,400 shares. The 52-week high of Wells Fargo & Co is $58.765 and the 52-week low is $44.5.

Wells Fargo & Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Wells Fargo & Co is Downgraded by Piper Jaffray to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 15, 2016.Wells Fargo & Co is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 11, 2016.Wells Fargo & Co is Downgraded by Guggenheim to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.Wells Fargo & Co is Initiated by UBS to Sell and the brokerage firm has set the Price Target at $45. The Rating was issued on Mar 24, 2016.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking Wholesale Banking and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses including checking and savings accounts credit and debit cards and auto student and small business lending. The Community Banking segment’s products include investment insurance and trust services and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking government and institutional banking corporate banking and commercial real estate among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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