Economy

Bluefin Trading LLC Boosted Its Bank Amer Corp (BAC) Position

Bluefin Trading LLC Boosted Its Bank Amer Corp (BAC) Position

The firm's revenue for the quarter was up 3.5% compared to the same quarter a year ago. It has underperformed by 11.55% the S&P500. Bank Of America Corp now has $304.68 billion valuation.

Thompson Davis & Co decreased its stake in Bank Amer Corp (BAC) by 54.66% based on its latest 2017Q4 regulatory filing with the SEC. Estabrook Capital Management invested in 449,086 shares or 2% of the stock. After having $0.47 EPS previously, Bank of America Corporation's analysts see 25.53 % EPS growth.

BAC traded down $0.85 during midday trading on Friday, hitting $29.80. 99,254,533 shares of the company's stock were exchanged, compared to its average volume of 69,778,968.

Shares of Bank of America have gained just 0.7% since the beginning of 2018. It has outperformed by 16.63% the S&P500.

TCL Multimedia Technology Holdings Limited, an investment holding company, makes, distributes, and sells colour television sets in the PeopleÂ's Republic of China, Europe, North America, and internationally. The company has market cap of $71.36 million. It operates through Television and Others divisions. Bank of America's dividend payout ratio is now 26.23%. The firm offers 3D and LED TVs, ice screens, and accessories; and DVD players, dockings, and sound bars. The institutional investor held 16,805 shares of the major banks company at the end of 2017Q4, valued at $496,000, down from 37,065 at the end of the previous reported quarter. Berkshire Hathaway Incorporated owns 679.00 million shares. Korea Inv has invested 1.22% in Bank of America Corporation (NYSE:BAC). Therefore 77% are positive. Bank of America had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, December 21 by Keefe Bruyette & Woods. RBC Capital Markets maintained it with "Buy" rating and $30.0 target in Wednesday, December 6 report. The firm has "Hold" rating given on Thursday, January 4 by Sandler O'Neill. Credit Suisse maintained it with "Outperform" rating and $36 target in Friday, March 16 report. Robert W. Baird maintained the shares of BAC in report on Tuesday, October 31 with "Hold" rating.

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Birch Hill Investment Advisors LLC boosted its stake in shares of Bank of America (NYSE:BAC) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. As per Tuesday, September 1, the company rating was upgraded by Macquarie Research. Societe Generale downgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, January 9. American River Bankshares (NASDAQ:AMRB) has risen 0.23% since April 16, 2017 and is uptrending.

Investors sentiment decreased to 1.17 in 2017 Q4. It has change of 0.15, from 2017Q3's 1.04.

Several other large investors have also recently modified their holdings of BAC. 162 funds opened positions while 585 raised stakes. Howland Capital Limited Liability Com reported 13,830 shares. Ballentine Ptnrs Llc reported 0.17% stake.

Goldman Capital Management Inc holds 3.44% of its portfolio in Mattersight Corporation for 1.40 million shares. Stifel Fin holds 0.51% in Bank of America Corporation (NYSE:BAC) or 5.46 million shares. Pacific Ridge Partners Ltd holds 260,829 shares or 1.05% of its portfolio. Louisiana State Employees Retirement, a Louisiana-based fund reported 587,300 shs. 311,747 are held by Maple Cap Mngmt Inc. Shareholders of record on Friday, March 2nd were given a dividend of $0.12 per share. Thompson Inv Management owns 436,516 shares or 2.27% of their U.S. portfolio. Hollow Brook Wealth Lc reported 5.07% stake. 1ST Source Bank now owns 81,124 shares of the financial services provider's stock valued at $2,056,000 after purchasing an additional 3,690 shares during the last quarter. Suntrust Banks invested 0.55% of its portfolio in Bank of America Corporation (NYSE:BAC). The company's stock declined 1.20% with the market as Lourd Capital Llc bought 2.34 million shares.

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