Economy

Bank of America Corporation (BAC) - UBS Maintains Rating And Raises Price Target

Bank of America Corporation (BAC) - UBS Maintains Rating And Raises Price Target”

Cadence Capital Management Llc increased Bank Amer Corp (BAC) stake by 13.63% reported in 2017Q2 SEC filing.

Based on current stock levels, Bank of America Corporation shares are trading 0.08% off of the 50-day high and 15.82% away from the 50-day low. Maximus Inc. now has $4.24B valuation. The stock decreased 1.58% or $0.38 on October 16, reaching $23.61.

About 20.72 million shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since October 17, 2016 and is uptrending. It has underperformed by 42.40% the S&P500.

Rex American Resources Corporation, launched on February 13, 1984, is a holding company.

Currently, Bank of America Corporation holds a stock price of $26.36 and exhibits a change in price of 0.48%. The Pitcairn Company holds 139,467 shares with $3.38M value, up from 119,649 last quarter.

Bank of America Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $12.00 billion in shares. Moreover, Systematic Financial Management Lp has 0.21% invested in the company for 116,769 shares. About 103,430 shares traded.

Bank of America Corporation (NYSE BAC) opened at 26.24 on Monday. It has outperformed by 68.88% the S&P500. Narrowing in a bit closer, the 5 month price index is 0.88944, the 3 month is 0.93806, and the 1 month is now 1.02266. It is negative, as 79 investors sold BAC shares while 543 reduced holdings. Waldron LP raised its position in Bank of America Corporation by 112.2% in the first quarter. The company has market cap of $596.79 million. Inspirion Wealth Ltd has 0.31% invested in Bank of America Corp (NYSE:BAC). Riggs Asset Managment invested in 3.71% or 341,287 shares.

There has been some selling insider activity on REX American Resources Corporat (NYSE:REX) recently. Sheets Smith Wealth Mngmt reported 0.26% stake. Smith & Howard Wealth Management Limited Co owns 11,281 shares for 0.13% of their portfolio. Jolley Asset Limited Liability Corporation invested in 167,843 shares. Golub Group Inc Limited Liability has invested 2.34% of its portfolio in Bank of America Corp (NYSE:BAC). BAC's SI was 98.99M shares in October as released by FINRA. First Heartland Consultants reported 40,867 shares. Bradley Foster Sargent Ct holds 171,099 shares. Mitsubishi Ufj Tru & accumulated 20.93 million shares. (NYSE:GTS) for 27,871 shares. Out of 2 Wall Street analysts rating REX American Resources, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Therefore 67% are positive. Bank of America Corporation has an annual performance rate of 64.00% *. The firm earned "Buy" rating on Tuesday, July 18 by Nomura. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Wednesday, May 31. As per Tuesday, April 4, the company rating was downgraded by Citigroup. UBS has "Neutral" rating and $27 target. The stock presently has a consensus rating of Buy and an average target price of $25.47.

Analysts await PTC Therapeutics, Inc. As of the latest earnings report the EPS was $4.37 and is estimated to be $4.53 for the current year with 6,566,000 shares now outstanding. MMS's profit will be $49.93M for 21.23 P/E if the $0.77 EPS becomes a reality. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The shares were sold at an average price of $24.16, for a total value of $2,096,194.08. Horizon Global Corp was raised too.

Investors sentiment increased to 0.91 in Q2 2017. Its the same as in 2017Q1. Advisory Net Ltd Liability Company has invested 0.01% of its portfolio in MAXIMUS, Inc. Martingale Asset LP has invested 0.02% of its portfolio in MAXIMUS, Inc. Qs Investors, LLC grew its stake by buying 1,400 shares an increase of 5.9% as of 06/30/2017. Eqis Management owns 76,934 shares. (NYSE:MMS) for 10,100 shares. Hallmark Cap stated it has 0.03% of its portfolio in Bank of America Corp (NYSE:BAC). Menta Capital Llc, a California-based fund reported 9,212 shares.#img1#. Creative Planning stated it has 2,500 shares. (NYSE:MMS). Comerica Natl Bank reported 81,848 shares. Swiss National Bank & Trust holds 0% of its portfolio in Triple-S Management Corp. (NYSE:MMS) for 1,170 shares. Credit Suisse has "Buy" rating and $2700 target.

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of Bank of America Corporation stock in a transaction dated Thursday, August 10th. The stock of MAXIMUS, Inc. The stock has "Market Perform" rating by Wood on Monday, May 16. (NASDAQ:PTCT) on Friday, November 11 to "Buy" rating. The firm has "Hold" rating by Macquarie Research given on Tuesday, September 1. The company was maintained on Tuesday, January 3 by Barclays Capital.



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