Bank of America (BAC) Shares Sold by Capital Analysts LLC

The Bank of America Corp. logo is displayed on the window of a branch in New York City

Bluecrest Cap Management Limited reported 1.19 million shares. Nepsis Capital Management Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $310.81B market cap company. The stock increased 2.24% or $0.668 during the last trading session, reaching $30.538.

Shares of NYSE:BAC traded down $0.29 on Wednesday, hitting $30.20.

Eaton Vance Management lowered its holdings in Bank of America (NYSE:BAC) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. It has outperformed by 16.63% the S&P500. Bank of America's dividend payout ratio is presently 26.23%.

Needham Investment Management Llc decreased its stake in Apple Inc (AAPL) by 18.81% based on its latest 2017Q4 regulatory filing with the SEC. The stock price value Change from Open was at 0.00% with a Gap of 2.04%. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. As the P/E goes up, it shows that current investor sentiment is that the company is worth more. It has change of 0.15, from 2017Q3's 1.04. It increased, as 66 investors sold BAC shares while 561 reduced holdings. Legal & General Group Plc grew its stake in shares of Bank of America by 0.7% during the 3rd quarter. Delta Asset Mngmt Limited Liability Company Tn has 12,363 shares. The institutional investor held 7,100 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $124,000, down from 168,850 at the end of the previous reported quarter. Btr, a California-based fund reported 23,454 shs. Quantitative Systematic Strategies Llc stated it has 0.22% of its portfolio in Bank of America Corporation (NYSE:BAC). Virtu Ltd Co holds 0.04% or 28,546 shares in its portfolio. Icon Advisers Inc reported 1.25 million shares. Price Michael F accumulated 20,000 shares.

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Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company's Market capitalization is $313.10B with the total Outstanding Shares of "Outstanding". Ruggie Grp Incorporated holds 0.13% or 6,637 shares in its portfolio. Blb&B Limited Liability Corp has 88,825 shs for 0.37% of their capital.

COPYRIGHT VIOLATION WARNING: "Bank of America (NYSE:BAC) Shares Bought by Eagle Asset Management Inc." was published by Macon Daily and is the sole property of of Macon Daily.

Gmt Capital Corp, which manages about $9.19 billion and $4.90 billion US Long portfolio, decreased its stake in Arrow Electrs Inc (NYSE:ARW) by 31,300 shares to 1.29M shares, valued at $103.58 million in 2017Q4, according to the filing. This will reduce the number of "whipsaws", which is good, but will also generate signals later than when using shorter term averages. Moreover, Darsana Prtnrs LP has 7.87% invested in Bank of America Corporation (NYSE:BAC). Therefore 67% are positive. The same analysts see shares reaching $34.48 within the next year on a consensus basis. Morgan Stanley maintained the stock with "Overweight" rating in Friday, February 2 report. The rating was downgraded by Berenberg on Monday, April 24 to "Hold". The stock's price to sales ratio for trailing twelve months is 5.55 and price to book ratio for the most recent quarter is 1.30, whereas price to cash per share for the most recent quarter are 0.51. The stock rating was maintained by Nomura with "Buy" on Monday, October 16. The company was maintained on Thursday, September 14 by Jefferies. The firm earned "Neutral" rating on Tuesday, August 25 by Robert W. Baird. The price to earnings growth ratio is 0.80 and the price to sales ratio is 5.44. They expect $0.12 EPS, down 42.86% or $0.09 from last year's $0.21 per share. BAC's profit would be $6.03 billion giving it 12.66 P/E if the $0.59 EPS is correct. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.03. Credit Suisse has "Outperform" rating and $36 target. Keefe Bruyette & Woods has "Buy" rating and $2800 target. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, August 23 report. Finally, Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $35.00 target price on shares of Bank of America in a report on Thursday, April 5th. On Wednesday, January 11 the stock rating was upgraded by Societe Generale to "Buy".

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