Hedge Funds Now Own 68.1% Of Bank of America Corporation (BAC)

The original version of this piece can be accessed at Cortland Advisers Limited Liability Company owns 2.60 million shares for 2.84% of their portfolio. Bank of America Corporation's quarterly revenue was up 7.1% on a year-over-year basis. It dived, as 62 investors sold BAC shares while 560 reduced holdings. The Northern Capital Management Llc holds 196,345 shares with $4.34 million value, down from 250,395 last quarter. Key Square Capital Management LLC owned approximately 0.10% of Bank of America Corporation worth $255,654,000 as of its most recent SEC filing. Stillwater Investment Management LLC boosted its holdings in shares of Bank of America Corporation by 5.3% in the first quarter. Twin Capital Management Inc. now owns 953,974 shares of the financial services provider's stock valued at $22,504,000 after buying an additional 10,414 shares during the last quarter.

FS Bancorp, a holding company for 1st Security Bank of Washington. RBC Capital Markets maintained it with "Buy" rating and $2600 target in Tuesday, July 18 report. Goldentree Asset Mngmt LP invested 1.12% of its portfolio in Bank of America Corp (NYSE:BAC). WealthTrust Axiom LLC increased its stake in Bank of America Corporation by 0.3% during the first quarter. Gradient Investments LLC now owns 4,542 shares of the financial services provider's stock worth $107,000 after buying an additional 700 shares during the last quarter.

Institutional investors now hold around $152.84 billion or 68.1% in BAC stock.

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In related news, Director Frank P. Bramble sold 86,763 shares of Bank of America Corporation stock in a transaction that occurred on Thursday, August 10th. Earthstone Energy had 18 analyst reports since August 17, 2015 according to SRatingsIntel. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Bank of America Corporation in a research report on Tuesday, July 4th. A 6 analysts rate it as either a buy or a strong buy, while 2 believe that investors should either steer clear of (NYSE:RF) or, if they already own its stock, sell it. Moreover, Bank Of America Corp De has 0% invested in the company for 825 shares. CIBC reaffirmed an "outperform" rating on shares of Bank of America Corporation in a research report on Tuesday, July 11th. Citigroup maintained Bank of America Corp (NYSE:BAC) on Tuesday, July 19 with "Buy" rating. The stock presently has an average rating of "Buy" and an average target price of $24.47. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. CLSA maintained Bank of America Corp (NYSE:BAC) rating on Friday, September 23. Bank of America Corporation has a 1-year low of $14.81 and a 1-year high of $25.80. The company has a 50-day moving average price of $24.01 and a 200-day moving average price of $23.82.

Stocks of Bank of America Corporation (NYSE BAC) transacted up 1.769% throughout intraday market trading on early Monday, topping $23.295. the share had a trading volume of 30,767,114 Stocks. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $22.80 billion during the quarter, compared to analyst estimates of $21.84 billion. Waldron increased its position in Bank of America Corporation by 112.2% through out the 1st period. The firm's revenue was up 7.1% compared to the same quarter past year. Kj Harrison & Prtn Incorporated reported 30,805 shares or 0.27% of all its holdings.

Also, the company announced a periodic dividend, expected to be paid on early Fri, Sep 29th. traders with a divided record date on Fri, Sep 1st will be paid a $0.12 dividend. This is a positive change from Bank of America Corporation's previous quarterly dividend of $0.08. More interesting news about J M Smucker Co (NYSE:SJM) were released by: and their article: "JM Smucker: Time To Digest The Disastrous Q1 Numbers" published on August 30, 2017 as well as's news article titled: "The JM Smucker Company Earnings Retreat 21% In Q1" with publication date: August 24, 2017. Blackrock Inc. owns $15.35 billion in Bank of America Corporation, which represents roughly 6.81% of the company's market cap and approximately 10.04% of the institutional ownership. Baldwin Brothers MA has an ownership of 350,402 stocks of the financial services provider's shares valued at $8,266,000 after scooping up an extra 11,575 stocks in the previous period. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at $1,208,000.

Bank of America Corporation is a bank holding company and a financial holding company. The stock now has a consensus recommendation of "Buy" and an average price target of $24.47. The average 1-year price target for (RF) reveals an average price target of $15.14 per share.

First Merchants Corp increased its stake in The J.M. Smucker Company Com (SJM) by 9.64% based on its latest 2016Q4 regulatory filing with the SEC.

Other investment firms lately purchased and unloaded stocks of the company. The Company's divisions include Energy, Ag, Nitrogen Production, Foods, and Corporate and Other.

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