Economy

Bank of America (BAC) Holdings Trimmed by Pettyjohn Wood & White Inc

Shares of BAC stock opened at $29.80 on Friday. The institutional investor held 23,068 shares of the consumer services company at the end of 2017Q4, valued at $2.63M, down from 43,474 at the end of the previous reported quarter. Finally, Ferris Capital LLC increased its stake in Bank of America by 84.9% in the fourth quarter. The stock increased 0.69% or $0.59 during the last trading session, reaching $86.02. About 68.98 million shares traded. (NYSE:DLR) has declined 0.09% since April 15, 2017 and is downtrending. It has outperformed by 11.98% the S&P500.

Thompson Davis & Co decreased its stake in Bank Amer Corp (BAC) by 54.66% based on its latest 2017Q4 regulatory filing with the SEC. Proficio Capital Partners LLC now owns 12,126 shares of the financial services provider's stock worth $358,000 after purchasing an additional 1,667 shares during the period. The institutional investor held 1.07 million shares of the prepackaged software company at the end of 2017Q4, valued at $91.50 million, down from 1.09M at the end of the previous reported quarter. Bank Amer Corp now has $304.68B valuation. About 99.25M shares traded or 29.22% up from the average. It has outperformed by 16.63% the S&P500. ValuEngine raised Bank of America from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd. Therefore 43% are positive. Microsoft Corporation had 170 analyst reports since July 22, 2015 according to SRatingsIntel. Credit Suisse has "Buy" rating and $2700 target. The firm earned "Buy" rating on Tuesday, July 18 by Goldman Sachs. The stock of Digital Realty Trust, Inc. (NASDAQ:NFLX) has "Market Perform" rating given on Friday, October 9 by BMO Capital Markets. The company was maintained on Thursday, September 14 by Jefferies. Bernstein upgraded it to "Mkt Perform" rating and $19.0 target in Tuesday, August 25 report. On Tuesday, August 1 the stock rating was initiated by Oppenheimer with "Buy". The firm earned "Buy" rating on Tuesday, December 5 by Raymond James. (NASDAQ:NFLX) on Thursday, January 18 with "Buy" rating. (NASDAQ:ESPR) earned "Sector Perform" rating by RBC Capital Markets on Thursday, February 23. Out of 2 Wall Street analysts rating Esperion Therapeutics, 0 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". FRIEDLAND JONATHAN also sold $563,938 worth of Netflix, Inc. (NYSE:DLR). Security Bank Of Sioux City Iowa Ia owns 19,070 shares. 11,264 shares were sold by HOAG JAY C, worth $3.01 million.

Investors sentiment increased to 1.19 in 2017 Q4. It turned negative, as 53 investors sold DLR shares while 185 reduced holdings. 107 funds opened positions while 281 raised stakes. Swedbank reported 6.46M shares. (NASDAQ:NFLX) for 3,788 shares. (NYSE:WMT). Martin Tn has 0.67% invested in Walmart Inc. (NASDAQ:NFLX) for 2,219 shares. Wealthtrust reported 569 shares stake. The New York-based Richard Bernstein Advsr Limited has invested 0.02% in Netflix, Inc. Warren Averett Asset Lc holds 0.33% or 131,018 shares. Regions Financial owns 1.01M shares for 1.08% of their portfolio. Comerica National Bank reported 0.56% stake. Aldebaran stated it has 14,387 shs or 0.28% of all its holdings. 886,928 are held by Thrivent Financial For Lutherans.

Js Capital Management Llc, which manages about $206.96M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 4,000 shares to 113,000 shares, valued at $19.94M in 2017Q4, according to the filing. Vantage Limited Liability Com holds 1.04% or 152,422 shares in its portfolio.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. During the same period in the prior year, the business earned $0.40 earnings per share. BAC's profit will be $6.03 billion for 12.63 P/E if the $0.59 EPS becomes a reality. The business's quarterly revenue was up 3.5% on a year-over-year basis. equities analysts predict that Bank of America will post 2.5 earnings per share for the current fiscal year.

Investors sentiment increased to 1.19 in Q4 2017.

Since December 11, 2017, it had 0 insider purchases, and 1 insider sale for $200,291 activity. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 585 grew stakes while 162 funds acquired stakes. Janney Montgomery Scott Ltd Limited Liability Company holds 15,518 shares. Sva Plumb Wealth Lc has invested 0.04% in Bank of America Corporation (NYSE:BAC). Vetr lowered shares of Bank of America from a "buy" rating to a "hold" rating and set a $34.13 price objective on the stock.in a report on Monday, March 12th. Vetr downgraded Bank of America Corporation (NYSE:BAC) on Tuesday, August 11 to "Buy" rating. Btim Corporation reported 33,554 shares. Capital Intll Invsts owns 2.44 million shares or 0.08% of their U.S. portfolio. Kistler reported 14,906 shares. Systematic Fincl Lp has 0.26% invested in Bank of America Corporation (NYSE:BAC). Moreover, Horizon Kinetics Limited Liability Corporation has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 49,400 shs. American Express Co (NYSE:AXP) was reduced too.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 17th. Neuberger Berman Group Incorporated Limited stated it has 0.08% in Bank of America Corporation (NYSE:BAC). Therefore 57% are positive. Bank of America has a twelve month low of $22.07 and a twelve month high of $33.05. The company rating was maintained by UBS on Monday, October 16. The rating was upgraded by Cowen & Co to "Outperform" on Monday, September 12. On Friday, March 16 the company was maintained by Credit Suisse. $32.89's average target is 10.37% above currents $29.8 stock price. The firm has "Outperform" rating by CLSA given on Friday, January 29. On Tuesday, January 9 the stock has "Buy" rating by Sandler O'Neill. As per Tuesday, November 8, the company rating was downgraded by Deutsche Bank. The rating was maintained by BMO Capital Markets with "Hold" on Friday, October 6.

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