Economy

Dissecting the Insider Trading Patterns of Bank of America Corporation (BAC)

Dissecting the Insider Trading Patterns of Bank of America Corporation (BAC)”

It has underperformed by 29.74% the S&P500.

Huber Capital Management Llc decreased Ufp Technologies Inc (UFPT) stake by 10.76% reported in 2017Q2 SEC filing. Laurion Capital Management Lp sold 2.75 million shares as Bank Amer Corp (Put) (BAC)'s stock declined 6.00%. Ajo Ltd Partnership holds 24.35 million shares. Corvex Management Lp who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $272.36B market cap company.

Bank of America Corporation (NYSE:BAC) traded down 0.39% during midday trading on Tuesday, reaching $25.83. About 1.58M shares traded.

Bank of America Corporation (NYSE:BAC) opened at 25.93 on Wednesday.

Jefferies Group also issued estimates for Bank of America Corporation's FY2017 earnings at $1.83 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.57 EPS. Its down 0.03, from 1.15 in 2017Q1. It increased, as 40 investors sold NFX shares while 133 reduced holdings. 120 funds opened positions while 577 raised stakes. The portion of a company's profit allocated to each outstanding share of common stock was $1.48 a share in the trailing twelve months. Moreover, Hillcrest Asset Management Llc has 1.66% invested in the company for 500,328 shares. Beacon Financial Group now owns 26,606 shares of the financial services provider's stock valued at $674,000 after purchasing an additional 10,807 shares during the last quarter. Lbmc Investment Advisors Ltd Liability has 0.07% invested in Bank of America Corp (NYSE:BAC). Madison Investment reported 104,741 shares. Adell Harriman & Carpenter invested in 17,620 shares. Amp Capital Limited holds 0.67% of its portfolio in Bank of America Corp (NYSE:BAC) for 4.67 million shares. Stock Yards Retail Bank has 8,361 shares for 0.02% of their portfolio. The stock of Bank of America Corp (NYSE:BAC) has "Buy" rating given on Tuesday, July 18 by RBC Capital Markets.

Among new and sold out positions, 117 holders initiated new positions by a total of 32.37 million shares and 90 holders exited their positions by a total of 32.62 million shares. Mark Sheptoff Financial Planning Ltd Liability Corporation reported 9,690 shares. Alliancebernstein Limited Partnership owns 63.15 million shares or 1.18% of their U.S. portfolio.

Secor Capital Advisors Lp decreased Stepan Co (NYSE:SCL) stake by 12,233 shares to 3,426 valued at $299,000 in 2017Q2. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock valued at $16,047,853,000 after purchasing an additional 9,117,007 shares during the period.

On 10/31/2016 Bank of America Corporation announced a quarterly dividend of $0.08 1.82% with an ex dividend date of 11/30/2016 which will be payable on 12/30/2016. During the same period a year ago, the business earned $0.41 EPS. BidaskClub raised Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. Therefore 66% are positive. CIBC reiterated an outperform rating on shares of Bank of America Corporation in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. The firm earned "Hold" rating on Wednesday, August 23 by BMO Capital Markets. The firm has a market capitalization of $50.63 billion, a PE ratio of 17.22 and a beta of 1.25. The stock of Progressive Corp (NYSE:PGR) earned "Mkt Perform" rating by FBR Capital on Wednesday, May 10. The company was upgraded on Wednesday, December 21 by Atlantic Securities. The rating was maintained by FBR Capital with "Hold" on Tuesday, July 11. The firm has "Buy" rating given on Tuesday, September 8 by Nomura. Jefferies maintained the shares of BAC in report on Friday, August 11 with "Buy" rating.

Investors sentiment increased to 1.19 in Q2 2017. Its down 0.04, from 0.95 in 2017Q1. It improved, as 28 investors sold IDXX shares while 184 reduced holdings. Amp Cap Limited invested in 0.07% or 256,347 shares. Toronto Dominion Natl Bank accumulated 3.50 million shares or 0.27% of the stock. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. Mengis Capital invested in 121,280 shares or 2.08% of the stock. (NYSE:NFX). Hap Trading holds 0.03% or 16,838 shares in its portfolio. 48,557 were reported by Us Commercial Bank De. Parametric Portfolio Associates LLC increased its holdings in shares of Bank of America Corporation by 52.4% in the second quarter. Retirement System Of Alabama holds 281,653 shares or 0.07% of its portfolio. Northwest Counselors Limited Company holds 0% or 3 shares. B & T Management Dba Alpha Management reported 95,058 shares. Marble Harbor Counsel Limited Co invested in 0.99% or 101,011 shares. CLSA upgraded Bank of America Corp (NYSE:BAC) on Friday, January 29 to "Outperform" rating. Argyle Capital owns 141,336 shares.

Among 30 analysts covering Newfield Exploration Co. Therefore 39% are positive. Thermo Fisher Scientific had 45 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, October 5, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained it with "Buy" rating and $35.0 target in Friday, September 15 report. The stock of Progressive Corp (NYSE:PGR) has "Sell" rating given on Monday, November 16 by Goldman Sachs. The stock has "Hold" rating by Standpoint Research on Thursday, September 14. The firm earned "Neutral" rating on Wednesday, January 11 by UBS. As per Wednesday, April 19, the company rating was maintained by Wells Fargo. The rating was upgraded by Keefe Bruyette & Woods to "Outperform" on Tuesday, November 29.

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