Markets

Bank of America (BAC) Hits New 1-Year High at $32.94

Bank of America (BAC) Hits New 1-Year High at $32.94

Elm Ridge Management Llc sold 81,014 shares as the company's stock declined 6.00% while stock markets rallied. The hedge fund held 1.41 million shares of the major banks company at the end of 2017Q3, valued at $35.79M, up from 1.36 million at the end of the previous reported quarter. Concorde Asset Management Llc who had been investing in Bp Plc for a number of months, seems to be less bullish one the $133.29 billion market cap company. The stock increased 0.92% or $0.38 during the last trading session, reaching $41.88. About 29.79 million shares traded.

Bank of America Corporation (NYSE:BAC) now has a "Buy" signals on Composite indicators by TrendSpotter.

Matthew Hulsizer decreased its stake in Regal Beloit Corp (Call) (RBC) by 69.6% based on its latest 2017Q3 regulatory filing with the SEC. Bank of America accounts for about 1.3% of Gabalex Capital Management LLC's portfolio, making the stock its 17th largest position. The institutional investor held 70,818 shares of the computer software & peripheral equipment company at the end of 2017Q3, valued at $6.55 million, down from 88,114 at the end of the previous reported quarter. Beck Mack & Oliver Llc who had been investing in Centurylink Inc Com for a number of months, seems to be bullish on the $19.21B market cap company. About 113,255 shares traded.

Bank of America Corporation (NYSE:BAC) has the Market Capitalization of 343.91 Billion. It has outperformed by 29.23% the S&P500. Vetr downgraded Bank of America from a "strong-buy" rating to a "buy" rating and set a $33.89 price target on the stock.in a research report on Wednesday, January 10th. Therefore 100% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Sandler O'Neill with "Buy" on Tuesday, January 9. The firm has "Buy" rating by Jefferies given on Monday, October 10. Nomura initiated the stock with "Neutral" rating in Friday, March 18 report. (NYSE:PFE) on Thursday, April 7 with "Overweight" rating. Oarsman Incorporated reported 0.99% in Bank of America Corporation (NYSE:BAC). UBS upgraded it to "Neutral" rating and $20 target in Wednesday, August 26 report. Hirtle Callaghan reported 0.04% in Bank of America Corporation (NYSE:BAC). During the same quarter last year, the firm earned $0.40 EPS. equities analysts expect that Bank of America Corp will post 2.46 earnings per share for the current year. PLUS's profit will be $13.53 million for 21.01 P/E if the $0.97 EPS becomes a reality. After $-0.02 actual EPS reported by CF Industries Holdings, Inc. for the previous quarter, Wall Street now forecasts -500.00% EPS growth.

Investors sentiment increased to 1.19 in 2017 Q3. This represents a $0.48 annualized dividend and a yield of 1.47%. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. Oakmont has 9,115 shares for 0.04% of their portfolio. Usca Ria Ltd Limited Liability Company owns 134,876 shares or 0.42% of their United States portfolio. Dowling And Yahnke Limited Liability Co accumulated 331,232 shares. Cim Investment Mangement, Pennsylvania-based fund reported 57,926 shares. Pictet Asset Ltd invested in 0.38% or 5.28 million shares. Tyrus Cap Sam has invested 0.44% in CenturyLink, Inc.




Nepsis Capital Management Inc, which manages about $214.00M and $193.71 million US Long portfolio, upped its stake in Rio Tinto Plc (NYSE:RIO) by 57,425 shares to 110,157 shares, valued at $5.20 million in 2017Q3, according to the filing. Mason Street Advsrs Lc holds 0.03% or 32,379 shares in its portfolio. TIAA FSB acquired a new stake in shares of Bank of America in the second quarter valued at about $2,400,000. Ftb Advisors owns 1,965 shares. Miller Investment Mngmt Ltd Partnership owns 37,675 shares. Mutual Insur Federation Of Agricultural Cooperatives invested 0.06% of its portfolio in Bank of America Corporation (NYSE:BAC).

Analysts await ePlus inc. They expect $1.26 earnings per share, up 17.76% or $0.19 from last year's $1.07 per share. JPM's profit will be $7.65B for 13.21 P/E if the $2.23 EPS becomes a reality. Taylor Wealth Management Partners boosted its position in shares of Bank of America by 25.8% during the fourth quarter. RBC Capital Markets has "Buy" rating and $30.0 target. Therefore 60% are positive. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Thursday, December 21. (NYSE:WM) earned "Outperform" rating by BMO Capital Markets on Friday, October 27. Societe Generale lowered Bank of America from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. The company was maintained on Tuesday, November 7 by BMO Capital Markets. (NYSE:WM) earned "Buy" rating by Raymond James on Friday, February 16. The firm has "Outperform" rating by Robert W. Baird given on Wednesday, August 12. Bank of America has an average rating of "Buy" and a consensus price target of $30.35. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Wednesday, May 11.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. 45 funds opened positions while 104 raised stakes. 15,363 are owned by Sei Invests Company. Cibc Savings Bank Usa reported 71,328 shares. Principal Fincl Group has 444,149 shares for 0.03% of their portfolio. It also increased its holding in Vanguard World Fds (VPU) by 13,248 shares in the quarter, for a total of 44,933 shares, and has risen its stake in Granite Constr Inc (NYSE:GVA). Commerzbank Aktiengesellschaft Fi reported 0.05% in Waste Management, Inc. Baldwin Brothers Inc Ma holds 313,414 shares. The institutional investor owned 9,673 shares of the financial services provider's stock after selling 25,500 shares during the quarter. Daiwa Sb Ltd holds 0.26% or 39,900 shares. 31,230 were accumulated by Sg Americas Securities Lc. Estabrook Cap Mgmt owns 453,530 shares. First Trust Savings Bank Ltd has invested 18.99% in Bank of America Corporation (NYSE:BAC). Louisiana State Employees Retirement has invested 0.07% of its portfolio in Zebra Technologies Corporation (NASDAQ:ZBRA). 5,149 are held by Menta Capital Ltd Llc. 14,000 were accumulated by Tokio Marine Asset Com Ltd. Sumitomo Mitsui Trust Inc reported 0.03% of its portfolio in CF Industries Holdings, Inc.

Schwerin Boyle Capital Management Inc, which manages about $781.49M and $887.43 million US Long portfolio, decreased its stake in H&R Block (NYSE:HRB) by 23,450 shares to 863,650 shares, valued at $22.87M in 2017Q3, according to the filing.


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