RWC Asset Management LLP Boosts Stake in Bank of America Corp (BAC)

The institutional investor held 171,800 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.15 million, down from 201,800 at the end of the previous reported quarter. Mark Sheptoff Financial Planning Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $329.34 billion market cap company.

Bank of America (BAC) traded up $0.15 during midday trading on Friday, reaching $31.63.

Bank of America Corporation (NYSE:BAC) enjoyed a 43.32% run-up in share price since hitting record low of $22.07. It has underperformed by 25.78% the S&P500.

Berson & Corrado Investment Advisors Llc decreased its stake in Bank Of America Corp (BAC) by 7.87% based on its latest 2017Q3 regulatory filing with the SEC. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Lionstone Capital Management Llc who had been investing in Sp Plus Corp for a number of months, seems to be less bullish one the $817.17 million market cap company. The stock increased 1.98% or $0.625 during the last trading session, reaching $32.255. 70,074,106 shares of the stock traded hands, compared to its average volume of 81,270,000. It has outperformed by 41.94% the S&P500. They expect $0.12 earnings per share, down 42.86% or $0.09 from last year's $0.21 per share. BAC's profit will be $6.04 billion for 13.66 P/E if the $0.59 EPS becomes a reality. After $0.47 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53 % EPS growth. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Therefore 76% are positive. The company was upgraded on Tuesday, November 29 by Keefe Bruyette & Woods. The firm earned "Buy" rating on Tuesday, June 6 by Jefferies. Barclays Capital maintained it with "Overweight" rating and $30 target in Monday, October 5 report. CFRA has "Hold" rating and $2700 target. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, December 6. RBC Capital Markets maintained the shares of XOM in report on Thursday, July 20 with "Hold" rating. Oppenheimer maintained the stock with "Outperform" rating in Saturday, September 5 report. The rating was maintained by Tigress Financial with "Hold" on Thursday, January 4. Schwab Charles Inv Management Inc has invested 0% in Endologix, Inc. Its down 0.10, from 0.79 in 2017Q2. Braun Stacey invested in 826,684 shares or 1.43% of the stock. 118 funds opened positions while 525 raised stakes. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 669,955,539 shares of the stock are valued at $21.19 billion. Burt Wealth Advisors raised its holdings in shares of Bank of America by 4,013.1% in the third quarter. Cim Investment Mangement holds 57,926 shares or 0.53% of its portfolio. The company has a market cap of $324,007.91, a price-to-earnings ratio of 17.38, a PEG ratio of 1.60 and a beta of 1.36. South Street Advisors Ltd Company owns 9,383 shares or 0.15% of their United States portfolio. Bessemer Gp accumulated 0% or 31,500 shares.

Several research analysts recently issued reports on BAC shares. Moreover, Kcm Advsr Ltd Liability Company has 0.5% invested in Bank of America Corporation (NYSE:BAC) for 320,613 shares. Tower Capital Ltd (Trc) owns 37,269 shares. 225.71 million shares or 1.68% less from 229.56 million shares in 2017Q2 were reported. Azimuth Capital Mgmt Limited Co owns 1.24% invested in General Electric Company (NYSE:GE) for 687,577 shares.

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Tb Alternative Assets Ltd, which manages about $277.78M US Long portfolio, upped its stake in Tal Education Group (NYSE:XRS) by 2.32M shares to 2.84 million shares, valued at $95.62 million in 2017Q3, according to the filing.

IFM Investors Pty Ltd lifted its position in Bank of America by 1.6% during the 3rd quarter. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.49%. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. The fund owned 55,197 shares of the financial services provider's stock after purchasing an additional 3,088 shares during the period. Smithfield Trust Com holds 0.01% of its portfolio in CBS Corporation (NYSE:CBS) for 844 shares. Beach Mngmt Limited Com has 54,620 shares for 2.41% of their portfolio.

Bank of America (NYSE:BAC) last announced its earnings results on Wednesday, January 17th. Cetera Advisor Networks LLC now owns 136,763 shares of the financial services provider's stock valued at $3,477,000 after acquiring an additional 2,552 shares during the period. Lowe Brockenbrough holds 17,681 shares.

TRADEMARK VIOLATION NOTICE: "Cetera Investment Advisers Has $1.40 Million Holdings in Bank of America Corp (NYSE:BAC)" was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. Tremblant Grp Inc stated it has 1.17 million shares. Tru Department Mb Bankshares N A accumulated 799 shares or 0% of the stock. Arrowgrass Partners (Us) LP holds 0.11% or 595,318 shares. Marshwinds Advisory holds 0.46% of its portfolio in Bank of America Corporation (NYSE:BAC) for 39,459 shares. The original version of this story can be viewed at https://theenterpriseleader.com/2018/03/05/bank-of-america-corp-bac-shares-bought-by-farmers-merchants-investments-inc.html. Yorktown Research reported 71,000 shares stake. Therefore 67% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird to "Neutral" on Tuesday, August 25. The rating was maintained by Robert W. Baird on Tuesday, January 2 with "Hold". Royal Bank of Canada boosted their price objective on shares of Bank of America to $35.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. The rating was upgraded by Nomura on Tuesday, September 8 to "Buy". The company now has a consensus rating of "Buy" and an average price target of $30.35. The firm has "Market Perform" rating by BMO Capital Markets given on Monday, October 16.

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