Economy

Bank of America Corporation (BAC) Hits New 52-Week High

The Mckinley Capital Management Inc holds 1.62M shares with $39.29M value, up from 1.50 million last quarter.

Valuations and Returns for Apple Inc. About 36.32 million shares traded. About shares traded. Vista Outdoor Inc (NYSE:VSTO) has declined 53.95% since October 20, 2016 and is downtrending. It has outperformed by 3.59% the S&P500.

Mckinley Capital Management Inc increased Bank Of America Corp (BAC) stake by 7.93% reported in 2017Q2 SEC filing. Therefore, Bank of America Corporation is a large market cap stock. The stock increased 1.21% or $0.26 during the last trading session, reaching $21.74.

Bank of America Corporation declared that its board has authorized a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $12.00 billion in shares. The stock rose 2.09% or $0.55 reaching $27.13 per share. In looking at volatility levels, the shares saw weekly volatility of 2.31% and 2.57% over the past month.

Bank of America Corporation (NYSE:BAC) marched up 63.27% compared to a 52-week low price of $16.28. It has outperformed by 41.94% the S&P500.

July 11 investment analysts at Oppenheimer maintained a company rating of "Outperform" but raised the price target from $19.00 to $29.00.

It has been a long while for Bank of America Corporation, since its IPO date on 5/29/1986. Vetr has "Hold" rating and $75.69 target. RBC Capital Markets maintained Bank of America Corp (NYSE:BAC) on Wednesday, April 5 with "Buy" rating. RBC Capital Markets has "Outperform" rating and $82 target. Jefferies maintained the shares of APA in report on Tuesday, October 3 with "Sell" rating. The firm has "Buy" rating given on Friday, February 3 by Stifel Nicolaus.

The management of the company has seen, a return of investment of 4.60% and return on assets of 0.80%. It also upped Tesla Inc (NASDAQ:TSLA) stake by 18,230 shares and now owns 48,930 shares.

A statistical measure of the dispersion of returns (volatility) for BAC producing salvation in Investors mouth, it has week volatility of 1.81% and for the month booked as 1.47%. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.95 average brokerage recommendation. It dived, as 79 investors sold BAC shares while 543 reduced holdings. 50 funds opened positions while 196 raised stakes. Shelter Mutual Insur accumulated 169,340 shares or 4.87% of the stock. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Kanawha Cap Management Limited Liability Corp holds 10,302 shares or 0.04% of its portfolio. Wills Finance Grp Inc holds 12,203 shares or 0.22% of its portfolio. Bokf Na has 29,485 shares for 0.04% of their portfolio. Macquarie Gru Limited owns 0% invested in Apache Corporation (NYSE:APA) for 10,300 shares. Bank of America Corporation is comprised of insider ownership at 0.13% and institutional ownership of 70.10%. First Corporation In reported 1,240 shares. Manatuck Hill Prtn Ltd Limited Liability Company owns 135,637 shares. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock worth $16,047,853,000 after purchasing an additional 9,117,007 shares in the last quarter. Cap Intl Invsts reported 11.14M shares stake. Kentucky Retirement has invested 0.09% in Apache Corporation (NYSE:APA). As of the latest earnings report the EPS was $1.75 and is expected to be $1.82 for the current year with 10,516,450,000 shares now outstanding. After $-0.37 actual earnings per share reported by Iovance Biotherapeutics Inc for the previous quarter, Wall Street now forecasts -5.41% EPS growth. Bryn Mawr owns 0.08% invested in Bank of America Corp (NYSE:BAC) for 57,830 shares.

Bank of America Corporation (BAC) recorded volume accumulation so there will probably be a surplus of buyers at $25.83. The stock has "Neutral" rating by UBS on Friday, August 5. Bank of America Corporation had a net margin of 20.66% and a return on equity of 8.33%. The company was maintained on Tuesday, July 18 by BMO Capital Markets. The firm earned "Buy" rating on Sunday, July 23 by Renaissance Macro Securities LLC. The company was maintained on Friday, September 29 by Robert W. Baird. The stock has "Equal-Weight" rating by Barclays Capital on Thursday, September 1. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Bernstein on Tuesday, September 1. Bank of America Corporation now has a consensus rating of "Buy" and a consensus price target of $25.47.



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