Money

Bank of America (BAC) Holdings Increased by Fred Alger Management Inc

May 16, 2018 02:12·

Wharton Business Group LLC now owns 14,527 shares of the financial services provider's stock valued at $368,000 after buying an additional 4,517 shares during the period. The institutional investor held 38,205 shares of the public utilities company at the end of 2017Q4, valued at $1.51M, up from 20,710 at the end of the previous reported quarter. The stock decreased 0.66% or $0.22 during the last trading session, reaching $32.97. Boston Advsrs Ltd Liability Com invested in 1.42% or 2.22M shares. It has outperformed by 47.09% the S&P500.

Based on the latest 2017Q4 regulatory filing with the SEC, Artal Group Sa decreased its stake in Bank Amer Corp (Call) (BAC) by 41.12%. Stock Yards Bancshares And Tru holds 0.03% or 8,876 shares. Bank Amer Corp now has $315.89B valuation. The titles are as follows: "Bank Of America: Don't Let $30 Slip Away" announced on May 13, 2018, "5 Top Stock Trades for Friday Morning" on May 10, 2018, "Growth plans: Both big and small banks set to expand locally" with a publish date: April 26, 2018, "Bank Of America: Tread Carefully" and the last "Bank of America Corp Isn't Ready for Upcoming Challenges" with publication date: April 23, 2018. Now the institutional investor is holding 5.80 million shares, compared to the 9.85M from the previous quarter. BAC outperformed the S&P500 by 16.63%. Bank of America has a 12-month low of $22.07 and a 12-month high of $33.05. Therefore 42% are positive. NRG Yield had 36 analyst reports since August 10, 2015 according to SRatingsIntel. Nomura upgraded the shares of BAC in report on Tuesday, September 8 to "Buy" rating. On Friday, January 19 Sandler O'Neill maintained the shares of BAC in report with "Buy" rating. The firm has "Buy" rating given on Wednesday, December 20 by Wells Fargo. The stock now has an average rating of "Buy" and a consensus price target of $32.13. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. On Tuesday, December 12 Keefe Bruyette & Woods maintained the shares of BAC in report with "Buy" rating. BMO Capital Markets maintained it with "Market Perform" rating and $29 target in Monday, October 16 report. Finally, Royal Bank of Canada upped their price target on shares of Bank of America to $35.00 and gave the company an "outperform" rating in a research note on Thursday, January 18th. Bank of America Corporation received interesting focus from Active Investors and it has been trading on front line as seeing to it recent volume. (NASDAQ:DISCK) news was published by Nasdaq.com which published an article titled: "Discovery Communications Earnings Drop Following Its Merger With Scripps Networks" on May 08, 2018. Portland Investment Counsel Inc. acquired a new position in shares of Bank of America during the fourth quarter worth approximately $620,000. General Electric Co (NYSE:GE) was reduced too. Its up 0.15, from 1.04 in 2017Q3. Invesco Limited holds 0% in Spectra Energy Partners, LP (NYSE:SEP) or 46,625 shares. 71 funds opened positions while 114 raised stakes. Paloma Partners Management reported 190,646 shares or 0.08% of all its holdings. At a certain point in the past four quarters, the shares traded as low as $0.57 but made a 24.65% recovery since then. Massachusetts Fincl Ma accumulated 25.85M shares. (NYSE:NRG) for 60 shares. Comerica Bancorporation invested in 0.56% or 2.62M shares. Swarthmore Grp Inc reported 369,750 shs. Coatue Ltd Company, New York-based fund reported 13.85 million shares. Moreover, Mercer Advisers has 0.3% invested in Bank of America Corporation (NYSE:BAC). EPS is an indicator of company profit because the more earnings a company can generate per share, the more valuable each share is to investors. Return on Assets (ROA) value of the stock is 0.8 Percent. 1,018 are held by Atlantic Gp Lc.

Netflix's 85% Of New Spending Will Be On Original Shows And Movies
More than 90% of Netflix subscribers watch its originals regularly, he said, though he did not define what that means. Given it's put $8 billion aside to spend, that's a lot of high-quality original shows and movies in the pipeline.

Saints won't increase Kamara's carries with Ingram out
He appeared in four games for New Orleans, registering 81 yards on 27 carries before he was traded to the Cardinals on October 10. He rushed for 448 yards and two touchdowns before a neck injury landed him on injured reserve to close out the season.

WTO says European Union subsidies harm Boeing, opening path for U.S. sanctions
The shares of Airbus had fallen shortly after the WTO issued its findings and were poised to close down around 0.86 percent. The EU will now take "swift action to ensure it is fully in line with the WTO's final decision in this case", she said.

Investors sentiment increased to 1.19 in 2017 Q4. It's up 0.11, from 1.26 in 2017Q3. 162 funds took positions and 585 increased positions. Godshalk Welsh Capital Mngmt Inc invested in 50,100 shares. The stock of Bank of America Corporation (NYSE:BAC) has "Hold" rating given on Wednesday, August 23 by BMO Capital Markets. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 0.92. About 1.14 million shares traded. Homrich Berg reported 28,963 shares. Sage Group stated it has 1,028 shares. Sky Gru Ltd Limited Liability Company has invested 0.17% of its capital in Bank of America Corporation (NYSE:BAC). 10,096 were accumulated by Main Street Ltd Com. Bank of America makes up about 1.0% of Dupont Capital Management Corp's investment portfolio, making the stock its 9th largest holding. Net profit margin of Bank of America Corporation (BAC) was recorded at 31.5 percent, operating profit margin was 70.3 percent, while gross profit margin stands at 0 percent. Mengis Cap Management holds 2.34% or 131,095 shares.

Recommended News

Join The Conversation

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.