Bank of America Corporation (BAC), Cumulus Media Inc. (CMLS)

Inside Bank of America’s Consumer Banking Success
Bank of America Corporation (BAC), Cumulus Media Inc. (CMLS)
Author

27 May, 2017

The Northpointe Capital Llc holds 349,094 shares with $7.72M value, up from 121,738 last quarter. The stock appeared $36.81 above its 52-week highs and is down -0.57% for the last five trades. NBT Bank N A NY now owns 35,046 shares of the financial services provider's stock worth $548,000 after buying an additional 3,428 shares during the last quarter. BKD Wealth Advisors LLC's holdings in Bank of America Corp were worth $1,153,000 as of its most recent filing with the SEC. It has underperformed by 3.35% the S&P500.

Darsana Capital Partners Lp decreased Bank Amer Corp (BAC) stake by 5.88% reported in 2016Q4 SEC filing.

In related news, Director Thomas D. Woods acquired 25,000 shares of Bank of America Corp stock in a transaction on Thursday, April 27th. Janus Capital Mgmt Limited Liability Company invested in 8.02 million shares. Tortoise Investment Management LLC boosted its position in Bank of America Corp by 27.0% in the fourth quarter. The stock rose 0.21% or $0.05 reaching $23.41. Cambrex Corporation (CBM) has risen 11.15% since May 26, 2016 and is uptrending. It has outperformed by 41.94% the S&P500. 13,326 are held by Brandywine Tru. Therefore 44% are positive. Wingstop had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Vetr on Tuesday, August 11 to "Buy". The firm has "Buy" rating given on Friday, August 12 by Goldman Sachs. The rating was upgraded by Clevland Research on Friday, March 11 to "Neutral". On Friday, April 28 the stock rating was maintained by Imperial Capital with "Outperform". When we look at the Volatility of the company, Week Volatility is at 1.98% whereas Month Volatility is at 1.73%. The company was upgraded on Monday, September 14 by Citigroup. SunTrust has "Buy" rating and $32 target.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.06, from 0.99 in 2016Q3. The shares are at this time trading -1.15% less than its SMA 50 and 6.54% top of its SMA 200. Hl Fincl Ser Limited Com reported 329,655 shares.

Ivory Investment Management Lp increased Micron Technology Inc (NASDAQ:MU) stake by 1.50 million shares to 2.21 million valued at $48.49 million in 2016Q4. Tiger Eye Capital Ltd Company, New York-based fund reported 968,534 shares. Wharton Business Group Llc owns 9,860 shares or 0.03% of their USA portfolio. Edgewood Management Ltd Liability Company has invested 0.02% in SYSCO Corporation (NYSE:SYY). The Japan-based Sumitomo Mitsui Holdings has invested 0.04% in PVH Corp (NYSE:PVH). Braun Stacey Assoc owns 1.35% invested in Bank of America Corp (NYSE:BAC) for 929,973 shares. Prudential has invested 0.06% in PVH Corp (NYSE:PVH). Jpmorgan Chase And reported 0.93% stake. First Republic Investment Mngmt invested in 0.81% or 4.20M shares. Shareholders of record on Friday, June 2nd will be given a dividend of $0.075 per share. Vanguard holds 0.02% of its portfolio in Spirit Airlines Incorporated (NASDAQ:SAVE) for 5.14M shares. Bnp Paribas Arbitrage Sa has invested 0.01% of its portfolio in PVH Corp (NYSE:PVH).

Fred Alger Management Inc decreased Patheon Nv stake by 45,341 shares to 15,000 valued at $431,000 in 2016Q4. It also upped Vanguard Index Fds (VOO) stake by 12,301 shares and now owns 31,462 shares. Profire Energy Inc (NASDAQ:PFIE) was reduced too.

Among 8 analysts covering Wingstop (NASDAQ:WING), 6 have Buy rating, 0 Sell and 2 Hold. HYMAN DAVID A sold 5,005 shares worth $724,123. This represents a $0.30 dividend on an annualized basis and a yield of 1.29%. It improved, as 62 investors sold BAC shares while 560 reduced holdings. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. Societe Generale raised its rating on Bank of America Corporation to Buy on 11/01/2017 in a reversal from its prior Hold rating. United Kingdom-based Marshall Wace Limited Liability Partnership has invested 0.85% in Bank of America Corp (NYSE:BAC). Compton Inc Ri accumulated 97,091 shares.

Other hedge funds have also bought and sold shares of the company. Gradient Investments LLC increased its position in shares of Bank of America Corp by 18.2% in the first quarter. Virtus Inv Advisers reported 0.65% in Bank of America Corp (NYSE:BAC). Finally, NBT Bank N A NY raised its position in Bank of America Corp by 10.8% in the third quarter.

During the latest trading session Bank of America Corporation (NYSE:BAC) stock went gone down with a prior 52-week high of $25.80.During the session shares traded on below-average volume. Guardian Trust holds 0% or 17,420 shares in its portfolio. Therefore 33% are positive. Bank of America Corp's payout ratio is now 21.74%. The company was maintained on Tuesday, January 26 by Deutsche Bank. Imperial Capital maintained the stock with "Outperform" rating in Thursday, September 3 report. The firm has "Buy" rating by KBW given on Tuesday, September 1. The firm has "Neutral" rating by Bank of America given on Monday, June 20. The rating was downgraded by Berenberg on Monday, April 24 to "Hold".

26 analysts on average are expecting Bank of America Corporation to report earnings of $0.47 per share for the current quarter. This translates into $4.77B profit for BAC giving the stock a 12.11 P/E. After $0.41 actual earnings per share reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 17.07% EPS growth.


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