Economy

Bank of America Corporation (BAC) Rating Reiterated by Keefe, Bruyette & Woods

Bank of America Corporation (BAC) Rating Reiterated by Keefe, Bruyette & Woods

Resolution Capital Ltd sold 419,271 shares as the company's stock declined 12.31% while stock markets rallied. Regal Inv Advsrs Ltd Limited Liability Company owns 56,220 shares. The stock has a market capitalization of $253.93 billion, a price-to-earnings ratio of 14.8591 and a beta of 1.27.

Investors sentiment increased to 0.88 in 2016 Q4. About 793,330 shares traded. It has underperformed by 16.70% the S&P500.

Pekin Singer Strauss Asset Management IL's holdings in Bank of America Corporation were worth $652,000 as of its most recent SEC filing. Whale Rock Capital Management Llc sold 584,069 shares as the company's stock declined 27.98% while stock markets rallied. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers, original design manufacturers, consumer electronics manufacturers and service providers to develop new products. Geneva Advisors Llc who had been investing in Bank Amer Corp Com for a number of months, seems to be bullish on the $235.06B market cap company.

The stock increased 0.41% or $0.05 on July 14, reaching $12.3. Sachem Head Mgmt Lp owns 4.98 million shares. It has outperformed by 41.94% the S&P500.

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Moreover, Perritt Capital Management Inc has 1.53% invested in the company for 484,700 shares. Its up 0.09, from 1.01 in 2016Q3.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Bank of America Corporation by 69.9% in the second quarter. Segment Wealth Limited Liability Com reported 0.09% in Bank of America Corp (NYSE:BAC). Hudson Bay Mgmt LP has invested 0.05% in Bank of America Corp (NYSE:BAC).

Geneva Advisors Llc, which manages about $7.33B and $5.12 billion US Long portfolio, decreased its stake in Lululemon Athletica (NASDAQ:LULU) by 10,710 shares to 29,186 shares, valued at $1.90M in 2016Q4, according to the filing. The North Run Capital Lp holds 275,000 shares with $39.54M value, down from 335,000 last quarter. Smead Mngmt has invested 5.93% in Bank of America Corp (NYSE:BAC). Phocas Corp reported 0.62% of its portfolio in Bank of America Corp (NYSE:BAC). Northern Capital Mgmt Limited Company stated it has 196,345 shares. The fund owned 4,401 shares of the financial services provider's stock after selling 2,835 shares during the period. Gotham Asset Ltd Company has 55,625 shares for 0.02% of their portfolio. Washington-based Empirical Limited Liability has invested 0.17% in Bank of America Corp (NYSE:BAC). Advent Cap Mngmt De holds 0.03% or 75,000 shares.

Hennessy Advisors Inc. cut its stake in shares of Bank of America Corporation (NYSE:BAC) by 21.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

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The Relative Volume of the company is 1.13 and Average Volume (3 months) is 80.76 million. Adirondack Trust Co. raised its position in shares of Bank of America Corporation by 9.5% in the first quarter. Voloridge Investment Lc holds 2.62% of its portfolio in Bank of America Corp (NYSE:BAC) for 5.51 million shares. Therefore 45% are positive. Bank of America had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Guggenheim on Tuesday, November 15 to "Neutral". On Tuesday, August 25 the stock rating was upgraded by Bernstein to "Mkt Perform". The firm earned "Outperform" rating on Thursday, September 10 by Wells Fargo. The rating was maintained by Citigroup on Tuesday, August 25 with "Buy". Finally, Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Bank of America Corporation in a research note on Thursday, April 6th. Societe Generale upgraded the shares of BAC in report on Wednesday, January 11 to "Buy" rating. Berenberg initiated it with "Buy" rating and $15 target in Wednesday, July 13 report. (NYSE:AZO) to report earnings on September, 28.

Bank of America Corporation announced that its board has authorized a stock buyback plan on Wednesday, June 28th that authorizes the company to buyback $12.00 billion in outstanding shares. BAC's profit will be $4.21 billion for 13.92 P/E if the $0.43 EPS becomes a reality. After $0.96 actual EPS reported by Procter & Gamble Co for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Therefore 64% are positive. Action Hotels had 2 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, June 15 by Jefferies. UBS Asset Management Americas Inc. now owns 42,249,666 shares of the financial services provider's stock worth $933,718,000 after buying an additional 8,595,423 shares during the last quarter. As per Thursday, May 25, the company rating was maintained by BTIG Research. It also upped Schwab Strategic Tr (SCHD) stake by 11,124 shares and now owns 213,854 shares. It increased, as 28 investors sold FN shares while 61 reduced holdings.

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $248,849 activity. The company was maintained on Wednesday, October 7 by Jefferies. 1,000 AutoZone, Inc. (NYSE:AZO) shares with value of $714,955 were sold by GRAVES EARL G JR. Partners put City Point building on the market" with publication date: "April 21, 2017.

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