Crazy Volume Spikes for: Bank of America Corporation (NYSE:BAC)

14 March, 2018, 03:11 | Author: Regina Silva

The institutional investor held 1.68 million shares of the major banks company at the end of 2017Q3, valued at $42.53 million, up from 908,859 at the end of the previous reported quarter. Mark Sheptoff Financial Planning Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $333.84B market cap company. The stock increased 0.37% or $0.12 during the last trading session, reaching $32.84. About 37.64 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 13, 2017 and is uptrending. It has outperformed by 11.57% the S&P500.

F&V Capital Management Llc decreased its stake in Bank Amer Corp (BAC) by 90.32% based on its latest 2017Q3 regulatory filing with the SEC. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. The World Asset Management Inc holds 869,253 shares with $22.03M value, down from 890,898 last quarter. Healthcare Value Capital Llc who had been investing in Depomed Inc (Put) for a number of months, seems to be bullish on the $446.76M market cap company. The stock decreased 0.79% or $0.26 during the last trading session, reaching $32.58. The Nikko Asset Management Americas Inc holds 233,030 shares with $8.19M value, down from 445,030 last quarter. Regal Beloit Corporation (NYSE:RBC) has risen 45.93% since March 13, 2017 and is uptrending. It has outperformed by 23.42% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 40% are positive. As per Tuesday, July 18, the company rating was maintained by Oppenheimer. On Tuesday, January 24 the stock rating was upgraded by Cowen & Co to "Market Perform". The stock has "Outperform" rating by Wells Fargo on Thursday, September 10. On Friday, October 13 the stock rating was maintained by KeyBanc Capital Markets with "Overweight". The rating was maintained by Jefferies with "Buy" on Friday, August 11. The firm has "Buy" rating given on Friday, October 13 by Bank of America. The firm earned "Market Perform" rating on Monday, May 16 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) earned "Hold" rating by BMO Capital Markets on Wednesday, January 17.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, January 17th. During the same quarter past year, the company earned $0.40 earnings per share. SEE's profit will be $83.69M for 22.43 P/E if the $0.50 EPS becomes a reality. The financial services provider reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.03.

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Investors sentiment increased to 1.41 in Q3 2017. This represents a $0.48 annualized dividend and a yield of 1.46%.

Institutional investors have recently bought and sold shares of the business. Boston Ltd Liability accumulated 0.89% or 1.55M shares. Tower (Trc) owns 37,269 shares or 0.08% of their United States portfolio. Credit Suisse Ag invested in 14.37M shares or 0.35% of the stock. The Norway-based Dnb Asset Management As has invested 1.63% in Bank of America Corporation (NYSE:BAC). Biegel & Waller LLC now owns 10,514 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 1,488 shares during the last quarter. (NASDAQ:FLL). Franklin Resources holds 1.92M shares. Fmr Lc has 17.61 million shares. Bragg Advsr Incorporated has 34,971 shares for 0.14% of their portfolio. Stockholders of record on Friday, March 2nd will be given a dividend of $0.12 per share. Loring Wolcott & Coolidge Fiduciary Limited Liability Partnership Ma has 41,487 shares. Legal General Group Pcl reported 5,068 shares. Schwab Charles Invest Mgmt has 29,625 shares. Accern also gave media stories about the financial services provider an impact score of 46.4612920446966 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. Lafayette reported 0.68% in Bank of America Corporation (NYSE:BAC). (NYSE:WM) to report earnings on April, 25. Comerica Commercial Bank has 0.52% invested in Bank of America Corporation (NYSE:BAC) for 2.61 million shares. Seaward Mgmt Lp reported 2.29% in Bank of America Corporation (NYSE:BAC). Therefore 10% are positive. Sealed Air Corporation had 52 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of BAC in report on Tuesday, July 18 with "Buy" rating. (NYSE:WM), 9 have Buy rating, 1 Sell and 5 Hold. The rating was downgraded by Wunderlich on Wednesday, April 20 to "Hold". As per Tuesday, September 1, the company rating was upgraded by Macquarie Research. The firm has "Hold" rating given on Friday, August 25 by BMO Capital Markets. RBC Capital Markets maintained Depomed, Inc. The company now has a consensus rating of "Buy" and a consensus price target of $30.35. Cowen & Co maintained BP p.l.c. (NYSE:BP) rating on Tuesday, February 6. ValuEngine downgraded Bank of America from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2.

Other hedge funds have also recently modified their holdings of the company. 78 funds opened positions while 148 raised stakes. 15,363 are owned by Sei Invests Company. Caisse De Depot Et Placement Du Quebec, a Quebec - Canada-based fund reported 48,372 shares. 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. Ahl Prns Llp stated it has 28,473 shares or 0.07% of all its holdings. Alpine Global Mgmt holds 0.08% or 11,420 shares in its portfolio. Weaver C Barksdale Associate, Tennessee-based fund reported 221 shares. State Treasurer State Of Michigan reported 36,357 shares. Vanguard stated it has 0% in Full House Resorts, Inc. Savant Capital Ltd Liability Corporation invested in 0.28% or 50,048 shares. 5,149 are held by Menta Capital Ltd Llc. Moreover, Northeast Finance Consultants has 0.89% invested in Harris Corporation (NYSE:HRS).


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