Published: Thu, October 26, 2017
Business | By Max Garcia

What the Insider Data Suggests About Bank of America Corporation (BAC)


The Swedbank holds 5.68 million shares with $137.88 million value, up from 5.32 million last quarter. Bank Amer Corp (Call) now has $286.55 billion valuation. The stock had a trading volume of 81,265,326 shares.

As of quarter end SIT Investment Associates Inc had bought a total of 449,200 shares growing its stake by 53,412.6%.

Bank of America Corporation (NYSE:BAC) last issued its quarterly earnings results on Friday, October 13th. About 1.81M shares traded. Washington Trust Bancorp (NASDAQ:WASH) has risen 30.56% since October 24, 2016 and is uptrending. It has outperformed by 45.36% the S&P500. The 1-year high was reported on Oct, 23 by Barchart.com. We have $49.50 PT which if reached, will make NASDAQ:WASH worth $84.26 million less. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/10/25/nikko-asset-management-americas-inc-has-1-23-million-holdings-in-bank-of-america-corporation-bac.html. Therefore 67% are positive. Bank of America had 92 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:BWA), 5 have Buy rating, 4 Sell and 13 Hold. The stock realized a rise in short interest of 13.89% as of September 29, 2017 from the last reporting period. The firm has "Hold" rating by RBC Capital Markets given on Thursday, July 27. As per Thursday, December 1, the company rating was downgraded by Standpoint Research. The rating was maintained by BMO Capital Markets with "Market Perform" on Monday, October 16.

Bank of America Corporation declared that its board has approved a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $12.00 billion in outstanding shares. The stock has "Neutral" rating by Seaport Global on Tuesday, August 9. The company was maintained on Thursday, July 27 by Cowen & Co.

Investors sentiment decreased to 1.12 in Q2 2017. The company has Beta Value of 1.3 and ATR value of 0.44. 79 funds opened positions while 220 raised stakes. State Of New Jersey Common Pension Fund D accumulated 0.33% or 655,000 shares. Finally, Tarbox Family Office Inc. grew its position in shares of Bank of America Corporation by 0.4% during the second quarter. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. Ellington Management Grp Ltd Liability Corp reported 5,100 shares. Iberiabank has invested 0.57% in Bank of America Corp (NYSE:BAC). (NYSE:BWA). Price T Rowe Assocs Md accumulated 538,756 shares. Mengis Management Inc reported 121,280 shares. Manufacturers Life Insurance Company The holds 1.31% in Bank of America Corp (NYSE:BAC) or 44.14M shares. Capstone Asset Mgmt holds 740,703 shares or 0.5% of its portfolio. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: "Bank of America Corp (BAC) Stock Waits for Boost From DC Tailwinds" published on September 28, 2017 as well as Investorplace.com's news article titled: "Minus the Fireworks, Bank of America Corp Is Still a Great Company" with publication date: October 18, 2017. Huntington State Bank has 140,667 shares. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 0.71% of its portfolio in Bank of America Corp (NYSE:BAC).

Nokota Management Lp decreased Universal Hlth Svcs Inc (NYSE:UHS) stake by 3,073 shares to 152,696 valued at $18.64M in 2017Q2. YHB Investment Advisors Inc. increased its position in shares of Bank of America Corporation by 17.2% during the 2nd quarter. Bank Amer Corp was reduced too.

Bank of America Corporation is a bank holding company and a financial holding company. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. The Firm is a holding firm of The Washington Trust Company, of Westerly, a Rhode Island chartered commercial bank. It has a 9.95 P/E ratio. The Firm operates through two business divisions: Commercial Banking and Wealth Management Services.

Liquidmetal Technologies Inc (LQMT) investors sentiment increased to Infinity in Q2 2017. Its down 0.20, from 1.24 in 2017Q1. It fall, as 48 investors sold MA shares while 480 reduced holdings. Moreover, Cibc Markets has 0.36% invested in Bank of America Corp (NYSE:BAC) for 1.41M shares. Thompson Siegel & Walmsley Limited Company stated it has 300 shares. The stock exchanged hands with 89,882,572 numbers of shares compared to its average daily volume of 64.74M shares. The New York-based Carret Asset Management Llc has invested 0% in the stock. Bancshares Of Montreal Can holds 4,620 shares. The Massachusetts-based Ironwood Investment Limited Liability Corporation has invested 0.31% in Zoetis Inc (NYSE:ZTS). Fulton Retail Bank Na owns 107,285 shares for 0.2% of their portfolio. Vident Advisory Ltd Liability Corp reported 13,725 shares. The institutional investor held 600 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $37,000, down from 15,420 at the end of the previous reported quarter. Baxter Bros holds 0.34% of its portfolio in Bank of America Corp (NYSE:BAC) for 46,467 shares.

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