Economy

Pacer Advisors Inc. Increases Stake in Bank of America Corporation (BAC)

Balyasny Asset Management Limited Company stated it has 1.22 million shares or 0.08% of all its holdings. Sumitomo Mitsui Trust Holdings Inc bought 553,349 shares as the company's stock declined 6.00% while stock markets rallied.

The stock increased 0.49% or $0.13 on November 3, reaching $26.75. It has outperformed by 29.59% the S&P500.

Sumitomo Mitsui Trust Holdings Inc increased its stake in Bank Of America Corp (BAC) by 1.86% based on its latest 2017Q2 regulatory filing with the SEC. During the same quarter a year ago, the company earned $0.41 EPS. The State Treasurer State Of Michigan holds 3.27 million shares with $79.35 million value, down from 3.29M last quarter. Ameritas Investment Partners Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $290.18B market cap company. Bank of America Corporation accounts for approximately 0.6% of Pacer Advisors Inc.'s portfolio, making the stock its 17th largest holding. About 830 shares traded. About shares traded. General Dynamics Corporation (NYSE:GD) has risen 36.41% since November 6, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Wealth Architects LLC now owns 11,395 shares of the financial services provider's stock worth $269,000 after buying an additional 252 shares during the period. The company was maintained on Wednesday, April 5 by RBC Capital Markets. The stock has "Equal-Weight" rating by Barclays Capital on Wednesday, July 19. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Nasdaq.com and their article: "Ex-Div Reminder for Bank of America Corp.'s 7% Capital Securities" published on October 26, 2017 as well as Reuters.com's news article titled: "Bank of America CEO still sees no upside from Brexit" with publication date: October 26, 2017. Jefferies has "Hold" rating and $1500 target. State Treasurer State Of Michigan sold 22,300 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. The stock of Meritor Inc (NYSE:MTOR) has "Buy" rating given on Monday, September 4 by Stifel Nicolaus.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Reuters.com which released: "BofA fortifies online banking with new security layer" on October 23, 2017, also Investorplace.com with their article: "Bank of America Corp Is the Best Consumer Bank Bet Out There" published on October 18, 2017, Forbes.com published: "Earnings Preview: What To Expect From Bank Of America On Friday" on October 12, 2017. UBS has "Neutral" rating and $12 target. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Monday, October 23 by Bank of America. The rating was upgraded by Atlantic Securities on Wednesday, December 21 to "Overweight". The rating was upgraded by KBW on Monday, August 24 to "Outperform". On Tuesday, November 15 the stock rating was downgraded by Guggenheim to "Neutral". Charter Trust Company holds 10,165 shares or 0.03% of its portfolio. Alpha Cubed Investments LLC now owns 86,831 shares of the financial services provider's stock worth $2,048,000 after purchasing an additional 35,852 shares during the last quarter. Investors of record on Friday, December 1st will be given a dividend of $0.12 per share. During the same quarter in the prior year, the company earned $0.41 EPS. analysts forecast that Bank of America Corporation will post 1.8 earnings per share for the current year. It dived, as 85 investors sold GE shares while 816 reduced holdings. 120 funds opened positions while 577 raised stakes. Moreover, Kbc Gru Nv has 0.01% invested in Meritor Inc (NYSE:MTOR) for 45,664 shares. Following the transaction, the director now owns 50,000 shares in the company, valued at approximately $1,208,000. The correct version of this report can be viewed at https://baseballnewssource.com/markets/j-p-morgan-chase-co-increases-bank-of-america-corporation-bac-price-target-to-28-50/1748805.html. Bank of America Corporation had a return on equity of 8.33% and a net margin of 20.66%. Eagle Ridge Investment Mgmt invested in 362,528 shares or 1.67% of the stock. Two Sigma Secs has invested 2.02% in Bank of America Corp (NYSE:BAC). Montag A & Associates Inc. boosted its position in Bank of America Corporation by 47.4% in the second quarter.

Bank of America Corporation is a bank holding company and a financial holding company. Fagan Assoc Inc holds 229,079 shares or 2.89% of its portfolio. Panagora Asset Management Inc invested 0.03% in New York Times Co (NYSE:NYT). Signature Estate And Invest Limited Liability Corp holds 710,770 shares. First Amer Savings Bank invested in 0.57% or 293,926 shares. BidaskClub upgraded shares of Bank of America Corporation from a "sell" rating to a "hold" rating in a research report on Friday, August 4th.

Among 21 analysts covering Honeywell International Inc.

Since May 19, 2017, it had 0 buys, and 2 selling transactions for $9.34 million activity. Therefore 81% are positive. As per Friday, August 25, the company rating was maintained by Robert W. Baird. The stock has "Neutral" rating by UBS on Monday, October 16. The stock of PulteGroup, Inc. The company was maintained on Tuesday, June 6 by Keefe Bruyette & Woods. (NYSE:HON) earned "Overweight" rating by Morgan Stanley on Wednesday, August 16. The firm has "Sell" rating given on Monday, October 9 by J.P. Morgan. Nomura maintained it with "Buy" rating and $30 target in Monday, October 16 report. The company was maintained on Thursday, August 4 by Barclays Capital. RBC Capital Markets has "Buy" rating and $144 target.

Investors sentiment decreased to 1.12 in Q2 2017. 562.97 million shares or 0.95% less from 568.40 million shares in 2017Q1 were reported. Btc holds 18,186 shares. Legacy Cap Prtn invested in 6,390 shares. Greystone Mgmt Ltd Liability Company accumulated 3.72% or 315,872 shares. Green Square Limited Co holds 0.24% or 55,355 shares in its portfolio. 14,738 were accumulated by Midwest Inv Mngmt Lc. Kidder Stephen W accumulated 0.28% or 30,065 shares. Lmm Ltd Liability owns 2.57 million shares. Baystate Wealth Limited has 0% invested in Intercontinental Exchange Inc (NYSE:ICE). Meritage Group Lp holds 5.59% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE) for 3.46 million shares. Folger Nolan Fleming Douglas Capital Management Inc reported 0.39% stake. Westport Asset Management owns 2,960 shares or 0.04% of their United States portfolio. Jones Collombin Investment Counsel invested in 1.4% or 30,475 shares.



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