Economy

Bank of America Corp (NYSE:BAC) Position Trimmed by Caldwell & Orkin Inc

Bank of America Corp (NYSE:BAC) Position Trimmed by Caldwell & Orkin Inc

Anchor Capital Advisors Llc decreased Broadridge Finl Solutions In (BR) stake by 5.45% reported in 2017Q2 SEC filing. The portion of a company's profit allocated to each outstanding share of common stock was -$0.08 a share in the trailing twelve months. Northwest Investment Counselors LLC purchased a new position in shares of Bank of America during the 2nd quarter worth about $100,000. Bank Amer Corp now has $301.76 billion valuation. The stock's last price was lower from the average trading price of 50 days recorded at $12.2 while enlarging the period to 200 trading days, the average price was $12.71. About 760,518 shares traded. Broadridge Financial Solutions, Inc. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since December 4, 2016 and is uptrending. It has outperformed by 4.77% the S&P500. Spdr Gold Trust (GLD) was raised too. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, May 31. Therefore 59% are positive. The company was initiated on Tuesday, February 21 by Wells Fargo.

Bank of America Corporation is a bank holding company and a financial holding company. The ex-dividend date of this dividend is Thursday, November 30th. As per Thursday, October 27, the company rating was upgraded by M Partners. The firm has "Buy" rating given on Wednesday, January 20 by Sandler O'Neill. Avondale downgraded Broadridge Financial Solutions, Inc. (NYSE:FET) on Thursday, September 15 with "Hold" rating. The company was maintained on Friday, October 13 by Jefferies.

Analysts expect Paychex, Inc. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts forecast that Bank of America Corp will post 1.81 earnings per share for the current year. BR's profit will be $67.60M for 38.21 P/E if the $0.58 EPS becomes a reality. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.02.

It last reported revenues of $1.64 billion and EPS of $0.1 for the September 2017, representing 26% top-line growth and 0.03 EPS growth. Tortoise Investment Management LLC now owns 4,700 shares of the financial services provider's stock worth $104,000 after buying an additional 1,000 shares in the last quarter. 36 funds opened positions while 102 raised stakes. Veritable LP holds 0% or 2,832 shares. (NYSE:BIG). Pacad Investment Ltd has invested 0.14% in Big Lots, Inc. J P Morgan Chase & Co boosted their target price on shares of Bank of America from $27.50 to $28.50 and gave the company an "overweight" rating in a research report on Wednesday, November 1st. Castleark Mngmt Lc accumulated 0.39% or 485,800 shares. The Ohio-based Winfield Associate has invested 0% in Big Lots, Inc. (NYSE:BR). Glenmede Na has 0% invested in Broadridge Financial Solutions, Inc. (NYSE:EOG). Banque Pictet & Cie owns 329,151 shares for 0.71% of their portfolio. Rathbone Brothers Public Limited Company holds 163,468 shares. 65,273 were accumulated by Wendell David Assocs Incorporated. Css Limited Liability Co Il reported 41,864 shares. Therefore 21% are positive. Bank of America had 95 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Neutral" rating by UBS given on Monday, October 16. The rating was upgraded by Robert W. Baird on Tuesday, September 1 to "Buy". M Partners maintained the stock with "Buy" rating in Monday, December 7 report. RBC Capital Markets maintained EOG Resources, Inc. Vetr downgraded Bank of America from a "hold" rating to a "sell" rating and set a $26.67 price objective for the company.in a research note on Monday, November 6th. The Illinois-based Oak Ridge Investments Llc has invested 1.32% in the stock. It dropped, as 79 investors sold Bank of America Corporation shares while 543 reduced holdings.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies Limited Liability Corporation has 121,923 shares for 0.19% of their portfolio. First Dallas Securities Inc. now owns 62,725 shares of the financial services provider's stock valued at $1,480,000 after purchasing an additional 3,601 shares during the last quarter. The Texas-based Smith Asset Mngmt Group Ltd Partnership has invested 0% in Bank of America Corporation (NYSE:BAC). Arizona State Retirement Sys holds 0.83% or 2.47M shares in its portfolio. Hartford Financial Mgmt reported 0.22% of its portfolio in Bank of America Corporation (NYSE:BAC).

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The company holds a market cap of 302936.16 with a P/E of 16.78 indicating whether its share price properly reflects its performance. Mutual Of Omaha Bancorporation Wealth Mgmt stated it has 75,000 shares. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 18 with "Hold" rating.

Bank of America Corporation is a bank holding company and a financial holding company. JP Morgan maintained Bank of America Corporation (NYSE:BAC) on Thursday, April 7 with "Overweight" rating. The financial services provider reported $0.48 EPS for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.02.

Bank of America announced that its Board of Directors has approved a share buyback program on Tuesday, December 5th that permits the company to repurchase $5.00 billion in shares. Hm Payson & holds 357,241 shares or 0.39% of its portfolio. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Tuesday, October 6 with "Outperform" rating.

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