Economy

Has $54.68 Million Position in Bank of America Corporation (BAC)

The Sanders Capital Llc holds 38.25M shares with $876.59 million value, down from 40.65M last quarter. Bank Amer Corp (Call) now has $265.14 billion valuation.

The stock increased 0.80% or $0.2 during the last trading session, reaching $25.06. Howard Capital Management now owns 72,088 shares of the financial services provider's stock valued at $1,701,000 after purchasing an additional 49,306 shares during the last quarter.

Peapack Gladstone Financial Corp decreased its stake in shares of Bank of America Corporation (NYSE:BAC) by 2.5% during the first quarter, according to its most recent filing with the SEC. It has outperformed by 41.94% the S&P500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bank of America Corporation is a bank holding company and a financial holding company.

About 390,995 shares traded or 122.39% up from the average. It has underperformed by 5.25% the S&P500.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on October, 13 before the open. They expect $0.47 EPS, up 14.63% or $0.06 from last year's $0.41 per share. BAC's profit would be $4.96B giving it 13.31 P/E if the $0.47 EPS is correct. After $0.79 actual EPS reported by Vantiv Inc for the previous quarter, Wall Street now forecasts 6.33% EPS growth.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Shares for $955,166 were sold by Heimbouch Mark L on Monday, April 3. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Therefore 59% are positive. Facebook had 170 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with "Overweight" rating in Thursday, July 30 report. The rating was maintained by Nomura on Tuesday, July 18 with "Buy". Bank of America Corporation now has a consensus rating of "Buy" and an average target price of $24.41. The rating was maintained by Cantor Fitzgerald on Friday, June 23 with "Buy". The company was downgraded on Monday, June 12 by Pacific Crest. Macquarie Research upgraded the stock to "Outperform" rating in Thursday, February 16 report. The company was maintained on Tuesday, July 18 by Oppenheimer. Jefferies maintained it with "Buy" rating and $28.0 target in Thursday, September 14 report. The stock has "Buy" rating by Cantor Fitzgerald on Thursday, August 27.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Its up 0.26, from 0.96 in 2016Q3. It dived, as 62 investors sold BAC shares while 560 reduced holdings. Eagle Ridge Invest Mngmt, a Connecticut-based fund reported 354,220 shares. (NYSE:LVLT) stake by 262,504 shares and now owns 1.02 million shares. Employees Retirement System Of Texas reported 0.06% in Vantiv Inc (NYSE:VNTV). Quantitative Systematic Strategies Limited Liability has 51,635 shares for 0.46% of their portfolio. Schroder Investment Mgmt Group holds 0.47% or 10.61M shares in its portfolio. Forward Ltd Limited Liability Company, California-based fund reported 6,210 shares. About 40.74M shares traded. Appleton Prns Inc Ma holds 341,189 shares. Natl Bank Of America Corp De stated it has 0.09% of its portfolio in Bank of America Corp (NYSE:BAC). The total value of its holdings decreased 15.2%. Deutsche Natl Bank Ag accumulated 518,294 shares. Finally, Tiemann Investment Advisors LLC grew its holdings in shares of Bank of America Corporation by 0.3% during the first quarter. American Assets Inv Limited Liability Co accumulated 155,770 shares or 0.73% of the stock. Summit Securities Gru Ltd Liability Corp has 438,500 shares for 2.11% of their portfolio. This works out to a net decrease in ownership of 34.35 million shares, and suggests that institutions are feeling bearish about the stock. Northeast Investment Mngmt holds 0.4% of its portfolio in Bank of America Corp (NYSE:BAC) for 181,476 shares. Therefore 50% are positive.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Jefferies Group LLC restated a "buy" rating on shares of Bank of America Corporation in a research note on Friday, July 7th. The company was upgraded on Wednesday, August 26 by UBS. Vetr raised shares of Bank of America Corporation from a "buy" rating to a "strong-buy" rating and set a $26.59 price target for the company in a report on Wednesday, August 30th. This repurchase authorization authorizes the financial services provider to purchase up to 4.8% of its shares through open market purchases. shares repurchase plans are typically an indication that the firms leadership believes its Stocks are undervalued. First Command Financial Services Inc. raised its holdings in shares of Bank of America Corporation by 2.2% in the 1st quarter. The rating was maintained by RBC Capital Markets on Monday, October 31 with "Outperform". The stock has "Buy" rating by Keefe Bruyette & Woods on Sunday, August 13.

Mariner Wealth Advisors Llc increased Select Sector Spdr Tr (XLI) stake by 5,452 shares to 14,296 valued at $890,000 in 2016Q4. It also upped Tjx Cos Inc New (NYSE:TJX) stake by 8,682 shares and now owns 28,348 shares.



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