The hedge fund run by John Armitage held 16.51 million shares of the major banks company at the end of 2017Q3, valued at $418.35 million, down from 16.59M at the end of the previous reported quarter. Beach Investment Management Llc who had been investing in Bank Of America for a number of months, seems to be less bullish one the $333.52B market cap company. 14,750,000 shares of the company's stock traded hands, compared to its average volume of 67,350,000.
Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 17th. It has outperformed by 41.94% the S&P500.
Bkd Wealth Advisors Llc increased its stake in Conocophillips (COP) by 10.8% based on its latest 2017Q3 regulatory filing with the SEC. Egerton Capital Uk Llp sold 82,623 shares as the company's stock declined 6.00% while stock markets rallied. The institutional investor held 72,357 shares of the integrated oil company at the end of 2017Q3, valued at $3.62 million, up from 65,303 at the end of the previous reported quarter. The stock decreased 0.19% or $0.025 during the last trading session, reaching $13.475.
Following some medium-term indicators on shares of Bank of America Corporation (BAC), we can see that the 40-day commodity channel index signal is presently Buy while the 50-day Parabolic SAR generates a Buy signal. Synchrony Financial (NYSE:SYF) has declined 10.35% since January 23, 2017 and is downtrending. It has outperformed by 8.30% the S&P500.
Since August 7, 2017, it had 0 insider purchases, and 2 insider sales for $7.21 million activity.
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Merriman Wealth Management Lowered Ellington Financial (EFC) Position By $841875; Highfields Capital
After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth. The fund owned 93,444 shares of the company's stock after buying an additional 16,463 shares during the period.
Among 5 analysts covering New Mountain Finance (NYSE:NMFC), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Escalade had 9 analyst reports since August 8, 2015 according to SRatingsIntel. R G Niederhoffer Capital Incorporated owns 3,700 shares. The rating was maintained by Jefferies on Tuesday, June 6 with "Buy". The rating was maintained by BMO Capital Markets with "Hold" on Friday, October 6. Deutsche Bank restated a "hold" rating and issued a $25.00 price target (up from $23.00) on shares of Bank of America in a research note on Tuesday, September 26th. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets. The firm has a market capitalization of $334,250.00, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.62 and a beta of 1.32. Conning, a Connecticut-based fund reported 47,082 shares. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods. (NYSE:V) earned "Buy" rating by Cowen & Co on Friday, July 14. KBW upgraded the stock to "Outperform" rating in Monday, August 24 report. Nomura maintained Bank of America Corporation (NYSE:BAC) on Monday, October 16 with "Buy" rating. Investors of record on Friday, December 1st were issued a $0.12 dividend. Its down 0.13, from 1.13 in 2017Q2. It dived, as 68 investors sold BAC shares while 569 reduced holdings. 106 funds opened positions while 598 raised stakes. Sumitomo Mitsui Asset Mgmt invested in 0.3% or 761,277 shares. Bp Public Ltd Company owns 1.16 million shares for 1.04% of their portfolio. Jolley Asset Ltd Limited Liability Company invested 2.84% of its portfolio in Bank of America Corporation (NYSE:BAC). Asset Llc holds 61,369 shares or 0.59% of its portfolio. Missouri-based Benjamin F Edwards And Com Incorporated has invested 0.1% in Bank of America Corporation (NYSE:BAC). Korea Investment CORP now owns 78,908,445 shares of the financial services provider's stock valued at $1,914,319,000 after acquiring an additional 390,771 shares in the last quarter. "Purchases 430,624 Shares of Bank of America Corp (BAC)" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. Dixon Hubard Feinour And Brown Inc Va accumulated 2,100 shares. Bank of America had 105 analyst reports since July 21, 2015 according to SRatingsIntel.
Several other institutional investors have also bought shares of the company. MASSACHUSETTS FINANCIAL SERVICES CO /MA/ also announced decreased position in Time Warner Inc. (NYSE:MOV). State Of Tennessee Treasury Department invested in 0% or 13,627 shares.
Investors sentiment decreased to 0.63 in 2017 Q3. This represents a $0.48 dividend on an annualized basis and a yield of 1.50%. Timber Creek Capital Mngmt Ltd Com invested in 483 shares. 2,358 were accumulated by Nuveen Asset Mngmt Ltd Liability. Pinebridge Investments LP has invested 0.01% in New Mountain Finance Corporation (NYSE:NMFC). Citizens Northern accumulated 5,928 shares. (NASDAQ:PEP). Bancshares Pictet & Cie (Asia) Limited owns 135,106 shares for 7.1% of their portfolio. CT's holdings in Bank of America were worth $256,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Edgar Lomax Va holds 1.54% or 861,972 shares. Schroder Investment Management Gp has invested 0% in Movado Group, Inc. Davis R M reported 387,800 shares. The New York-based Falcon Edge Limited Partnership has invested 2.63% in Bank of America Corporation (NYSE:BAC). 44,208 were reported by Metropolitan Life. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.03. Therefore 33% are positive.
BAC has been the subject of a number of research reports. The firm earned "Overweight" rating on Wednesday, November 1 by JP Morgan. The company was maintained on Friday, September 1 by Stifel Nicolaus. The stock has an average rating of "Buy" and a consensus target price of $29.87. The rating was upgraded by Sandler O'Neill to "Buy" on Wednesday, January 20. The rating was downgraded by Sidoti on Thursday, December 15 to "Neutral". The stock has "Buy" rating by Piper Jaffray on Thursday, January 18. The firm earned "Buy" rating on Wednesday, January 20 by Sandler O'Neill.
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