Economy

LMR Partners LLP Buys 189057 Shares of Bank of America Corporation (BAC)

While it's Return on Investment (ROI) value is 4.6%.

Several analysts have released their opinion on Bank of America Corporation (NYSE:BAC), with 10 analysts believing it is a strong buy. The stock declined 0.76% or $0.21 reaching $27.59 on the news. The shares were sold at an average price of $24.16, for a total transaction of $2,096,194.08. Saratoga Investment Corp (NYSE:SAR) has risen 31.19% since October 30, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Schnieders Capital Management Llc increased Bank Amer Corp (BAC) stake by 12.61% reported in 2017Q2 SEC filing. 312.81 million shares or 0.18% more from 312.23 million shares in 2017Q1 were reported. Tenneco Inc now has $3.05 billion valuation. Boston Partners now owns 75,404,921 shares of the financial services provider's stock worth $1,778,802,000 after purchasing an additional 368,898 shares in the last quarter. About 11,678 shares traded. Ventas, Inc. (NYSE:VTR) has risen 3.44% since October 30, 2016 and is uptrending. It has underperformed by 17.56% the S&P500. Therefore 38% are positive.

According to Zacks, "Saratoga Investment Corporation, formerly known as GSC Investment Corp., is a specialty finance company that invests primarily in leveraged loans and mezzanine debt issued by USA middle-market companies, both through direct lending and through participation in loan syndicates". Vetr cut Bank of America Corporation from a "hold" rating to a "sell" rating and set a $23.52 price target for the company.in a report on Tuesday, July 4th. (NYSE:VTR) has "Neutral" rating given on Thursday, March 24 by Goldman Sachs. Finally, BidaskClub upgraded Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. Compass Point upgraded Saratoga Investment Corp (NYSE:SAR) on Friday, October 13 to "Buy" rating. The stock of Bank of America Corp (NYSE:BAC) has "Outperform" rating given on Friday, January 29 by CLSA. As per Wednesday, September 16, the company rating was maintained by FinnCap. The firm has "Hold" rating by BMO Capital Markets given on Friday, October 13.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. Liberty Cap Mgmt owns 0.03% invested in Bank of America Corp (NYSE:BAC) for 1,988 shares.

Bank of America Corporation (BAC) opened at 27.80 on Monday. Reilly Fincl Advsr Lc accumulated 0% or 300 shares. Buckingham Research restated a "buy" rating and set a $30.00 price objective (up previously from $27.00) on shares of Bank of America Corporation in a research report on Monday, July 10th. Hanson Doremus Investment Mgmt owns 0.02% invested in Bank of America Corp (NYSE:BAC) for 1,692 shares. Kingfisher Limited Liability Com holds 0.55% in Bank of America Corp (NYSE:BAC) or 33,575 shares. Liberty Mutual Group Asset Management Incorporated holds 22,409 shares or 0.06% of its portfolio. Ballentine Ltd Liability Company, a Massachusetts-based fund reported 59,679 shares.

TRADEMARK VIOLATION NOTICE: "LMR Partners LLP Buys 189,057 Shares of Bank of America Corporation (BAC)" was posted by TrueBlueTribune and is the property of of TrueBlueTribune. Parallax Volatility Advisers Limited Partnership holds 0% or 18 shares in its portfolio. Therefore 67% are positive. CIBC reiterated an "outperform" rating on shares of Bank of America Corporation in a report on Tuesday, July 11th. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) rating on Tuesday, January 26. The stock of Trifast plc (LON:TRI) has "Buy" rating given on Thursday, April 20 by FinnCap. The stock of Tenneco Inc (NYSE:TEN) earned "Overweight" rating by Barclays Capital on Thursday, February 11. The third largest holder is State Street Corp, which now holds $12.32 billion worth of this stock and that ownership represents almost 4.21% of its market capitalization. The firm has "Neutral" rating by Mizuho given on Monday, November 21. RBC Capital Markets maintained the shares of BAC in report on Wednesday, June 14 with "Buy" rating. The firm has "Sector Perform" rating given on Tuesday, December 15 by RBC Capital Markets. The company has market cap of $293.31 billion. The insider PRICE DAVID B JR sold $282,913. Amalgamated National Bank & Trust holds 0.02% in Kirby Corporation (NYSE:KEX) or 10,443 shares. The insider now directly owns 32,459 shares worth $902,360. Netflix Inc (NASDAQ:NFLX) was reduced too.

Investors sentiment decreased to 0.67 in Q2 2017. This represents a $0.48 annualized dividend and a yield of 1.73%. It worsened, as 39 investors sold VTR shares while 204 reduced holdings. 30 funds opened positions while 81 raised stakes. Garrison stated it has 0.15% of its portfolio in Ventas, Inc.

Bank of America Corporation is a bank holding company and a financial holding company. Sawgrass Asset Mngmt Ltd invested in 34,084 shares or 0.04% of the stock. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. There has been an observed change of -0.63% in the ownership of the shares in the past six months. Whittier Of Nevada Inc reported 767 shares. Green Square Capital Lc holds 0.24% or 55,355 shares. 23,217 are held by Fayez Sarofim Company. Wells Fargo & Mn holds 0.02% or 1.03M shares. Washington Management Inc has 2.55% invested in Kirby Corporation (NYSE:KEX).



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