Economy

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

The original version of this piece can be accessed at https://stocknewstimes.com/2017/09/12/twin-capital-management-inc-increases-stake-in-bank-of-america-corporation-bac.html. 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, Inc.is 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.

COPYRIGHT VIOLATION WARNING: "Sound Shore Management Inc". If you are accessing this article on another site, it was stolen and reposted in violation of U.S. and worldwide copyright and trademark legislation.

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: Seekingalpha.com and their article: "JM Smucker: Time To Digest The Disastrous Q1 Numbers" published on August 30, 2017 as well as Nasdaq.com'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.



Like this

Latest


12 September 2017
Jaguar to launch Formula E support series for 2018-19
As a British team, we are proud to announce today the launch of the world's first production battery electric vehicle championship ".

12 September 2017
Oklahoma's Amani Bledsoe suing NCAA over PED suspension
Bledsoe and OU then filed an appeal with the NCAA, which was heard on December 1, 2016 and denied, according to the document. Tests on another container of Inner Armour the lab purchased and tested came back negative for clomiphene.

12 September 2017
Ys VIII delayed on PC; NIS America offering refunds
Unfortunately, they haven't revealed an official release date for the PC version, so fans will have to wait for now. However, developers felt that a delay was needed "to improve gameplay quality".

12 September 2017
Investors Buy Large Volume of Put Options on Activision Blizzard (NASDAQ:ATVI)
Bankshares Of Mellon holds 25,169 shares or 0% of its portfolio. ( NASDAQ:YHOO ), 16 have Buy rating, 1 Sell and 16 Hold. ATVI has been the subject of several analyst reports. (NASDAQ:ATVI) earned "Buy" rating by Mizuho on Friday, January 13.

12 September 2017
SAFA Hits Back At FIFA
Jordaan told reporters: "Our position is clear on the issue of match fixing and manipulation". Bafana Bafana players celebrate advancing to the next round of the 2018 CHAN qualifiers.

12 September 2017
Messi Hat-trick as Barca Punish Real Slip-Up
La Liga: Deportivo La Coruna 2 (Adrian Lopez 27, Andone 50) lost to Real Sociedad 4 (Juanmi 3, Illarramendi 4, 86, Llorente 83). Asensio said the Frenchman had compared him to Barcelona maestro Messi, who is arguably the best player in the world.

12 September 2017
Jim Moir aka Vic Reeves reveals fresh details as Colin arrives
Colin makes a huge fuss over Norris, saying they've got a lot in common because Norris runs a newsagent. Colin told us: 'He was very pleased - and told me I'd have more shouting at me in the street.

12 September 2017
Florida gun owners encouraged to 'shoot the storm'
While the invitation was presumably a joke, 80,000 people indicated they were "going" or "interested" in the event. The page blew up with over 50,000 people showing interest in the group. "Well guys, it's here".

12 September 2017
Procter & Gamble Company (The) (NYSE:PG) stock to focus
Capital Research Global Investors lifted its holdings in shares of Procter & Gamble Company (The) by 74.2% in the 2nd quarter. BidaskClub raised Procter & Gamble Company (The) from a "hold" rating to a "buy" rating in a report on Saturday, August 19th.

12 September 2017
Source JPX-Nikkei 400 ETF (N400.L) Shares Needle Moving 0.60%
CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower.



Recommended