Bank of America Corporation (NYSE:BAC)

Darnell Taylor
February 24, 2018

The stock decreased 1.63% or $0.17 during the last trading session, reaching $10.23. About 687,155 shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 22, 2017 and is uptrending.

Martin Hughes decreased its stake in Bank Of America (BAC) by 34.62% based on its latest 2017Q3 regulatory filing with the SEC. Darsana Capital Partners Lp bought 6.00 million shares as the company's stock declined 6.00% while stock markets rallied. The institutional investor held 1.89 million shares of the major banks company at the end of 2017Q3, valued at $47.95 million, down from 2.24 million at the end of the previous reported quarter. Bank of America's payout ratio is 31.17%. About 72.21M shares traded. (NYSE:AIG) has risen 8.59% since February 22, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Cooke & Bieler Lp increased Steelcase Cl A (NYSE:SCS) stake by 1.21M shares to 3.75 million valued at $57.69M in 2017Q3. It also reduced its holding in Walt Disney (NYSE:DIS) by 11,676 shares in the quarter, leaving it with 332,979 shares, and cut its stake in Exxon Mobil (NYSE:XOM). Tenneco Inc (NYSE:TEN) was raised too.

The data from the past twelve months tells a similar story: insiders executed 8 buys and 43 sells, and ownership decreased by a net of 1.9 million shares. It has a dividend yield of 1.51%. It fall, as 68 investors sold BAC shares while 569 reduced holdings. Price Michael F has invested 0.07% in Bank of America Corporation (NYSE:BAC).

COPYRIGHT VIOLATION WARNING: "Investors Buy Shares of Bank of America (BAC) on Weakness" was originally posted by Week Herald and is the property of of Week Herald. Columbia Prtnrs L L C Investment Mngmt invested in 21,595 shares or 0.07% of the stock. Finally, Colonial Trust Advisors grew its holdings in shares of Bank of America by 5.9% in the fourth quarter. 1ST Source Bank increased its holdings in Bank of America by 4.8% in the 3rd quarter. Comml Bank Of America De has invested 0% in Tristate Capital Holdings, Inc. Bank Of America Corp now has $328.47B valuation. St Johns Mngmt Ltd Company accumulated 105,721 shares.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Gabelli And Investment Advisers invested in 0.32% or 108,729 shares. (NYSE:HRC). Jpmorgan Chase And invested in 416,384 shares or 0.01% of the stock. Commonwealth Of Pennsylvania School Empls Retrmt Systems, a Pennsylvania-based fund reported 797,981 shares. Pacific Global Inv Management invested in 267,235 shares. ValuEngine raised Bank of America from a "hold" rating to a "buy" rating in a research note on Friday, February 2nd. Therefore 40% are positive. Royal Bank of Canada restated a "buy" rating and set a $30.00 target price on shares of Bank of America in a report on Friday, December 8th.

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A number of equities analysts recently commented on BAC shares. The stock has "Buy" rating by Keefe Bruyette & Woods on Sunday, August 13. The stock of Bank of America Corporation (NYSE:BAC) earned "Equal Weight" rating by Barclays Capital on Tuesday, January 3. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Friday, October 6. Robert W. Baird has "Neutral" rating and $18.0 target. The firm earned "Hold" rating on Sunday, September 10 by RBC Capital Markets. The firm has "Outperform" rating by Macquarie Research given on Thursday, February 16. The stock of Bank of America Corporation (NYSE:BAC) earned "Buy" rating by Vetr on Tuesday, August 11. The firm's revenue was up 3.5% compared to the same quarter last year. sell-side analysts predict that Bank of America will post 2.46 earnings per share for the current fiscal year.

The company reported its last earnings Actual EPS of $0.48/share. (NASDAQ:BIIB) to report earnings on April, 24. During the same quarter previous year, the company posted $0.40 earnings per share. AES's profit will be $211.33 million for 7.99 P/E if the $0.32 EPS becomes a reality. Adirondack Trust has invested 0.12% of its portfolio in Bank of America Corporation (NYSE:BAC).

Investors sentiment is 1.16 in Q3 2017. Its up 0.31, from 1.01 in 2017Q2. 100 funds opened positions while 451 raised stakes. (NYSE:HRC). Qs Invsts Limited Liability Com reported 0% in Hill-Rom Holdings, Inc. The Minnesota-based Thrivent For Lutherans has invested 0.02% in The AES Corporation (NYSE:AES). Colonial Tru Advsrs has 51,482 shares for 0.29% of their portfolio. Redwood Capital Management Limited holds 1.09M shares or 2.82% of its portfolio. Noting its average daily volume at 0.31 million shares each day over the month, this signifies a pretty significant change over the norm. Investment House Ltd Liability reported 11,697 shares stake. Oakmont, California-based fund reported 9,115 shares. State Street Corp holds 0.03% of its portfolio in Hanesbrands Inc. (NASDAQ:BIIB) for 1,840 shares. Perkins Coie Communications reported 15,022 shares. Credit Suisse maintained the shares of IBM in report on Wednesday, October 12 with "Underperform" rating.

National Mutual Insurance Federation Of Agricultural Cooperatives, which manages about $4.94B US Long portfolio, decreased its stake in Ishares Tr (LQD) by 1.84M shares to 5.26 million shares, valued at $637.21 million in 2017Q3, according to the filing. It also upped Inovalon Hldgs Inc stake by 18,272 shares and now owns 221,167 shares.

Among 33 analysts covering Biogen Idec Inc. Therefore 39% are positive. American International Group had 74 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, November 4, the company rating was initiated by Wolfe Research. Goldman Sachs upgraded Hanesbrands Inc. On Friday, February 16 the stock rating was downgraded by CL King to "Neutral". Jefferies maintained the shares of BIO in report on Wednesday, April 12 with "Buy" rating. The stock now has a consensus rating of "Buy" and an average price target of $30.21. BMO Capital Markets has "Hold" rating and $2400 target. DA Davidson downgraded Hanesbrands Inc. The company was maintained on Tuesday, July 25 by Oppenheimer. The stock has "Buy" rating by Citigroup on Wednesday, January 11.

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