World News

Taking a Look at the Data Behind Bank of America Corporation (BAC)

Taking a Look at the Data Behind Bank of America Corporation (BAC)

The Gendell Jeffrey L holds 2.58 million shares with $65.48 million value, up from 780,000 last quarter. Terril Brothers Inc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $329.53 billion market cap company.

Shares of Bank of America closed the previous trading session at with 31.520000457763672 shares trading hands. About 6.75M shares traded.

Bank of America Corporation (NYSE:BAC) is trying to make active position in eyes of investors on point of ownership, as ownership status of both institutional or insider important for investing research process; unknown to this can sometimes give false signals and lead an investor astray. It has outperformed by 41.94% the S&P500.

Invesco Ltd decreased its stake in United States Stl Corp New (X) by 55.68% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 224,001 shares of the steel and iron ore company at the end of 2017Q3, valued at $5.75 million, down from 505,399 at the end of the previous reported quarter. The stock decreased 0.48% or $0.04 during the last trading session, reaching $8.32. About 492,819 shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 19, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. Bragg Fincl reported 0.14% in Bank of America Corporation (NYSE:BAC). Therefore 66% are positive. Keefe, Bruyette & Woods boosted their target price on shares of Bank of America from $29.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, December 14th. The company was upgraded on Monday, March 14 by Goldman Sachs. As per Tuesday, September 13, the company rating was downgraded by Societe Generale. Nomura reiterated a buy rating on shares of Bank of America Corporation in a research report on Wednesday, April 19th. 1 of these were buys and 3 were sells. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal. Bank of America Corporation presently has an average rating of Buy and an average price target of $23.74.

Investors sentiment decreased to 1.04 in Q3 2017.

A number of large investors have recently modified their holdings of BAC. 117 funds opened positions while 547 raised stakes. Arbor Investment Advisors LLC increased its position in shares of Bank of America by 0.3% in the 2nd quarter. Bank of America's dividend payout ratio (DPR) is 31.17%. The stock of Bank of America Corporation (NYSE:BAC) earned "Buy" rating by Citigroup on Tuesday, July 19. Minnesota-based Murphy Pohlad Asset Management Lc has invested 1.17% in Bank of America Corporation (NYSE:BAC). Plante Moran Advsr Ltd Llc accumulated 14,254 shares.

More news: We Happy Few Delayed Until Summer 2018; New Playable Character Sally Unveiled

Bank of America announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 5th that authorizes the company to buyback $5.00 billion in shares. Corvex Mngmt Ltd Partnership holds 7.02 million shares or 6.69% of its portfolio. Northeast Consultants holds 0.19% of its portfolio in Bank of America Corporation (NYSE:BAC) for 20,145 shares. Murphy Capital Mngmt Inc has 0.12% invested in Bank of America Corporation (NYSE:BAC). Earnest Prtnrs Ltd Liability Company holds 257,817 shares. Bedell Frazier Investment Counseling Llc holds 5.16% or 441,622 shares. Employees Retirement Systems Of Texas invested in 0.8% or 2.42 million shares.

Since August 10, 2017, it had 0 buys, and 1 sale for $2.10 million activity. Insider ownership decreased by a total of 77058 shares, which suggests that BAC's key executives are feeling less optimistic about the outlook for the stock. 20 funds opened positions while 49 raised stakes. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.03. 97,688 are held by Essex Finance Ser. Commerzbank Aktiengesellschaft Fi accumulated 0.75% or 439,063 shares. Investment Mgmt Of Virginia Limited Company holds 0.38% in Bank of America Corporation (NYSE:BAC) or 63,034 shares. Envestnet Asset Mgmt owns 1.93 million shares. Campbell Newman Asset Management, a Wisconsin-based fund reported 152,000 shares. Parametric Portfolio Associates LLC now owns 24,012,218 shares of the financial services provider's stock worth $582,536,000 after acquiring an additional 8,261,288 shares in the last quarter. (NYSE:XEC). Mitsubishi Ufj Trust & Banking holds 0.04% or 189,005 shares in its portfolio. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.90 and a current ratio of 0.91. (NYSE:XEC) for 54,180 shares. Cwm Ltd Liability Com stated it has 25,916 shares. Therefore 65% are positive. Johnson & Johnson had 86 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by CLSA to "Outperform" on Friday, January 29. Wunderlich downgraded Cimarex Energy Co. The ex-dividend date of this dividend was Wednesday, May 31st. The stock now has a consensus rating of "Buy" and a consensus target price of $29.87. RBC Capital Markets maintained it with "Buy" rating and $26.0 target in Friday, October 6 report. (NYSE:SNR) on Thursday, August 31 to "Hold" rating. The stock of Cimarex Energy Co. The stock has "Overweight" rating by Atlantic Securities on Wednesday, December 21. The firm has "Neutral" rating given on Tuesday, August 25 by Robert W. Baird.

Institutions own 68.86% of Bank of America Corporation (BAC)'s shares. (NYSE:XEC) was sold by Lambuth John. Credit Suisse maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Friday, May 6. Barron Francis Brian also sold $337,769 worth of Cimarex Energy Co.

Analysts await Teva Pharmaceutical Industries Limited (NYSE:TEVA) to report earnings on February, 12. They expect $1.23 earnings per share, up 105.00% or $0.63 from last year's $0.6 per share. After $1.90 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


  • US Open champ Koepka sidelined by wrist injury

    US Open champ Koepka sidelined by wrist injury

    Koepka finished T11 at Augusta National a year ago during a season in which he placed in the top 15 of all four majors with a U.S. Open victory, T6 finish at The Open Championship and T13 finish at the PGA Championship.
    White House says it prepares for gov't shutdown

    White House says it prepares for gov't shutdown

    Global ratings agency Fitch said a partial shutdown was unlikely to affect America's AAA/stable rating for USA sovereign debt. The house passed these bills with respect to funding.
    Delta's Cracking Down on 'Emotional Support Animals' On Board Flights

    Delta's Cracking Down on 'Emotional Support Animals' On Board Flights

    Other passengers have complained of comfort animals triggering allergic reactions, sprawling over arm rests and causing ruckuses. Reports of in-flight animal incidents have risen 84 percent since 2016, a result of "a lack of regulation", Delta said.
  • Keys wins, reaches 4th round at Australian Open

    Keys wins, reaches 4th round at Australian Open

    She took a medical timeout to stall Halep's momentum and the Romanian fumed on the baseline as a trainer worked on Davis's toe. Keys missed last year's Australian Open after undergoing surgery to fix her injured left wrist.
    Sharapova, Keys advance to second round of Australian Open

    Sharapova, Keys advance to second round of Australian Open

    Last year, the 20-year-old who is predicted to be a future Grand Slam victor lost to eventual runner-up Rafael Nadal in five sets. Maria Sharapova was happy with her improved display after an impressive win over Anastasija Sevastova at the Australian Open.
    Equity Research Analyst's Stock Ratings: Kansas City Southern (KSU), AGCO Corporation (AGCO)

    Equity Research Analyst's Stock Ratings: Kansas City Southern (KSU), AGCO Corporation (AGCO)

    Kansas City Southern CEO Patrick Ottensmeyer focused some of his prepared remarks on the upcoming NAFTA negotiations in Montreal. Los Angeles Management And Equity Research holds 0.15% of its portfolio in Kansas City Southern (NYSE:KSU) for 246,524 shares.
  • Donald Trump insists he exercises after physician's concerns

    Trump attempted to clarify matters about his mental abilities by tweeting that he was a "very stable genius" . That extra inch off would put the president in the obese category.
    Karolyi Ranch no longer National Team Training Center

    Karolyi Ranch no longer National Team Training Center

    I was deeply saddened by the stories of my fellow Olympic teammates that suffered as I did at the hands of Larry Nassar . Larry Nassar has not been the only target of anger and disdain in Courtroom 5 at the Ingham County Courthouse this week.
    Brighton vs Chelsea 20 January 2018: EPL Preview and Predictions

    Brighton vs Chelsea 20 January 2018: EPL Preview and Predictions

    The visitors now occupy the fourth spot with 47 points, only three ahead of Tottenham in fifth. However, we are going for a 1-1 draw as our prediction at the best odds of 7/1 at Bet365.
  • The hunt is on for meteorites in MI

    The hunt is on for meteorites in MI

    Robert Ward, a freelance planetary field scientist, found his first meteorite on a frozen MI lake at 9.50 a.m. Livingston County's Hamburg Township is expected to be swarming with meteorite hunters this weekend.
    Federer Beats Bedene as Djokovic Dismisses Young in Return to Action

    Federer Beats Bedene as Djokovic Dismisses Young in Return to Action

    Are you a witch or a vampire?" The Anchorman star asked Roger Federer some weird questions at the Australian Open . But I kind of grew up with it a little bit, so I know how to handle it now and also take joy out of it.
    Tennessee Legend Christian Coleman Sets 60m World Record at 6.37

    Tennessee Legend Christian Coleman Sets 60m World Record at 6.37

    On Friday, former Tennessee sprinter Christian Coleman broke a 20-year-old world record in the 60 meters in 6.37 seconds. VFL Justin Gatlin, who accomplished the feat in 2002, is the only other person to complete the sprint double-double.