Published: Wed, March 14, 2018
Finance | By Claude Patterson

Bank of America Corp (BAC) Shares Sold by Greatmark Investment Partners Inc


TIAA CREF Investment Management LLC now owns 63,635,295 shares of the financial services provider's stock valued at $1,543,792,000 after acquiring an additional 1,079,788 shares during the last quarter. Schwerin Boyle Capital Management Inc who had been investing in Bank Of America for a number of months, seems to be bullish on the $336.40B market cap company. The stock appeared $32.85 above its 52-week highs and is up 3.45% for the last five trades. About 29.26M shares traded.

Bank of America Corporation (NYSE:BAC) gained 1.61% with the closing price of $32.72. It has outperformed by 11.57% the S&P500.

Wms Partners Llc increased its stake in Pfizer Inc (PFE) by 137.16% based on its latest 2017Q3 regulatory filing with the SEC. Peak6 Investments Lp who had been investing in Regal Beloit Corp (Call) for a number of months, seems to be less bullish one the $3.30B market cap company. The company had a trading volume of 60,320,000 shares, compared to its average volume of 80,620,000.

Bank of America Corporation (BAC) have shown a high EPS growth of 46.90% in the last 5 years and has earnings rose of 16.90% yoy. It has outperformed by 29.23% the S&P500. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. Therefore 40% are positive. The firm has "Buy" rating given on Tuesday, July 18 by RBC Capital Markets. RBC Capital Markets maintained the stock with "Buy" rating in Wednesday, June 14 report. On Thursday, September 14 the stock rating was upgraded by J.P. Morgan to "Buy". The rating was maintained by FBR Capital with "Outperform" on Thursday, February 23.

Among 22 analysts covering Pfizer (NYSE:PFE), 10 have Buy rating, 1 Sell and 11 Hold. The firm earned "Hold" rating on Tuesday, January 9 by Societe Generale. Bernstein upgraded the shares of BAC in report on Tuesday, September 1 to "Buy" rating. Prelude Mgmt Lc reported 0.13% of its portfolio in Bank of America Corporation (NYSE:BAC).

The company reported its last earnings Actual EPS of $0.48/share. CF's profit will be $18.66M for 130.88 P/E if the $0.08 EPS becomes a reality. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.03.

Investors sentiment decreased to 1.04 in 2017 Q3. This represents a $0.48 annualized dividend and a dividend yield of 1.47%. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 62 funds opened positions while 102 raised stakes. Janney Montgomery Scott Lc reported 16,485 shares or 0% of all its holdings. Jaffetilchin Investment Partners LLC now owns 31,512 shares of the financial services provider's stock worth $764,000 after purchasing an additional 5,422 shares during the period. Wealth Enhancement Advisory Svcs Ltd Liability Co accumulated 0.08% or 38,888 shares. Ing Groep Nv owns 9.76% invested in Bank of America Corporation (NYSE:BAC) for 19.99 million shares. Roundview Ltd Com reported 229,142 shares or 1.62% of all its holdings. D Scott Neal Incorporated holds 350 shares or 0% of its portfolio. Alps Advsrs holds 0.35% or 1.41 million shares. 103,023 are held by Thompson Siegel And Walmsley Limited Liability Co. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock worth $16,047,853,000 after purchasing an additional 9,117,007 shares during the last quarter. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 4,231 shares in the quarter, leaving it with 511,049 shares, and cut its stake in Vanguard Specialized Portfol (VIG). Moreover, Jane Street Group Limited Liability has 0.16% invested in Bank of America Corporation (NYSE:BAC). Deutsche State Bank Ag reported 142,503 shares or 0% of all its holdings.

TRADEMARK VIOLATION NOTICE: "Bank of America (BAC) Receiving Somewhat Positive News Coverage, Study Shows" was reported by registrarjournal.com and is the sole property of of registrarjournal.com.

Analysts await Apple Inc. The firm's revenue was up 3.5% compared to the same quarter last year. analysts predict that Bank of America will post 2.46 EPS for the current year. RBC's profit will be $55.84 million for 14.76 P/E if the $1.26 EPS becomes a reality. Gsa Ptnrs Limited Liability Partnership invested 0.11% in Bank of America Corporation (NYSE:BAC). Therefore 43% are positive. The Mosaic Company had 91 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has "Hold" rating given on Wednesday, January 17 by BMO Capital Markets. The rating was maintained by Citigroup with "Neutral" on Monday, February 26. The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, October 26. Susquehanna downgraded the shares of CF in report on Wednesday, July 22 to "Neutral" rating. The stock of Noodles & Company (NASDAQ:NDLS) earned "Market Perform" rating by BMO Capital Markets on Friday, November 10.

Arlington Capital Management Inc. holds 2.65% of its portfolio in Invesco Dynamic Credit Opportunities Fund for 426,716 shares. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 13. As per Wednesday, December 21, the company rating was upgraded by Atlantic Securities.

Bank of America Corporation (NYSE:BAC) now has a Weekly Volatility of 1.39% percent while its Monthly Volatility is at 2.11% percent. As per Tuesday, August 11, the company rating was downgraded by Vetr.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.91, from 2.8 in 2017Q2. 5 funds opened positions while 23 raised stakes. Institutional investors own 69.28% of the company's stock. Ameritas Prtnrs, Nebraska-based fund reported 8,372 shares. Next Financial reported 0% in Noodles & Company (NASDAQ:NDLS). Parametrica Mngmt Limited stated it has 3,707 shares or 0.12% of all its holdings. Headinvest Ltd Co accumulated 12,545 shares or 0.11% of the stock. Bank of America's dividend payout ratio (DPR) is presently 31.17%. National Bank Of Nova Scotia reported 52,314 shares. Two Sigma Securities Ltd Liability Company invested in 10,480 shares or 0% of the stock. Proffitt And Goodson Incorporated stated it has 0.6% in Bank of America Corporation (NYSE:BAC).

Healthcare Value Capital Llc, which manages about $49.97 million US Long portfolio, decreased its stake in Proshares Tr (BIS) by 175,000 shares to 25,000 shares, valued at $514,000 in 2017Q3, according to the filing. It also increased its holding in Akamai Technologies Inc Com (NASDAQ:AKAM) by 8,875 shares in the quarter, for a total of 178,672 shares, and has risen its stake in Ishares Msci Eafe Etf (EFA).

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