Hedge Funds Now Own 68.1% Of Bank of America Corporation (BAC)

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12 September, 2017

The stock of Bank of America Corp (NYSE:BAC) earned "Overweight" rating by Atlantic Securities on Wednesday, December 21. Blackrock Inc. owns $15.35 billion in Bank of America Corporation, which represents roughly 6.81% of the company's market cap and approximately 10.04% of the institutional ownership. Stillwater Investment Management LLC now owns 103,348 shares of the financial services provider's stock worth $2,438,000 after buying an additional 5,206 shares during the last quarter. About 1,945 shares traded.

Bank of America Corporation (NYSE:BAC) has made a 54.56% comeback from a 12-month low price of $14.81. It has outperformed by 41.94% the S&P500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. (BAC)'s stock declined 6.00%. Its up 2.55% from 2.73 million shares previously. The company has market cap of $83.31 million.

Other investment firms lately purchased and unloaded stocks of the company. About 278,193 shares traded. It has underperformed by 9.22% the S&P500.

Investors sentiment decreased to 1.12 in Q4 2016. Shareholders of record on Friday, September 1st will be issued a $0.12 dividend. It increased, as 62 investors sold BAC shares while 560 reduced holdings. Norinchukin Bank The raised its position in Bank of America Corporation by 12.3% in the first quarter. Reliance Trust of DE has an ownership of 43,211 stocks of the financial services provider's shares valued at $1,019,000 following purchasing an extra 4,242 shares through out the previous quarter, 61.66% of the shares is owned by large funds. Hap Trading Limited Liability Co has 0.32% invested in Bank of America Corp (NYSE:BAC).

Director, White Michael D, purchased 25,000 common shares of Bank of America Corporation (BAC) in the open market. Eaton Vance Mngmt holds 0.2% or 3.20 million shares in its portfolio. Birmingham Management Al stated it has 95,240 shares. Dodge Cox stated it has 188.32 million shares. 23 were reported by America First Inv Advsr Limited Co. Murphy Management invested in 24,689 shares or 0.09% of the stock. Monroe Bank Tru Mi owns 8,973 shares for 0.07% of their portfolio. Welch Group LLC now owns 10,035 shares of the financial services provider's stock worth $237,000 after acquiring an additional 42 shares during the last quarter. Bowling Portfolio Management Ltd Liability Com reported 61,422 shares. Bank of America Corporation accounts for about 56.7% of Key Square Capital Management LLC's holdings, making the stock its biggest position. Manning & Napier Advisors Lc accumulated 109,904 shares. The Partnervest Advisory Services Llc holds 23,199 shares with $513,000 value, down from 46,998 last quarter.

Since January 1, 0001, it had 2 insider buys, and 0 selling transactions for $11,593 activity. Therefore 66% are positive. The stock of Bank of America Corp (NYSE:BAC) has "Outperform" rating given on Saturday, September 5 by Oppenheimer. As per Sunday, July 23, the company rating was maintained by Renaissance Macro Securities LLC. The stock of Bank of America Corp (NYSE:BAC) has "Outperform" rating given on Friday, April 7 by Wood. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, July 18 report. The stock presently has an average rating of "Buy" and an average price target of $24.47. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: "Don't Bank on Bank of America Corp (BAC) Stock" published on August 25, 2017 as well as Investorplace.com's news article titled: "Bank of America Corp (BAC) Stock Is Starting To Make Up for Lost Time" with publication date: September 08, 2017. The Pennsylvania-based Hirtle Callaghan Com Lc has invested 0.02% in Bank of America Corp (NYSE:BAC). Macquarie Research upgraded Bank of America Corp (NYSE:BAC) on Thursday, February 16 to "Outperform" rating. "Stock Plunged Today" published on August 24, 2017, Foodbusinessnews.net published: "Smucker sets sights on growth in coffee" on September 06, 2017. The company was maintained on Wednesday, August 12 by Deutsche Bank. The other 24, though not evenly; between analysts who think you should buy Bank of America Corporation versus those who think you should sell it. Therefore 70% are positive.

Several equities research analysts have weighed in on the company. Barclays Capital has "Outperform" rating and $48 target. On Wednesday, July 20 the stock rating was downgraded by IBC to "Sector Perform". Susquehanna maintained it with "Hold" rating and $12800 target in Wednesday, May 31 report. As per Friday, April 7, the company rating was maintained by Wood. On Friday, January 29 the stock rating was upgraded by Credit Agricole to "Outperform". The firm has "Buy" rating by Berenberg given on Wednesday, July 13. Its up 0.11, from 1 in 2016Q3.

CHS Inc.is an integrated agricultural company, providing grain, foods and energy resources to businesses and clients on a global basis. Aberdeen Asset Mgmt Pcl Uk invested in 359,933 shares. Rwc Asset Llp stated it has 231,556 shares or 0.33% of all its holdings. Massachusetts Svcs Ma invested in 0.3% or 4.86 million shares. Kempner Capital Management Inc. now owns 343,381 shares of the financial services provider's stock worth $8,100,000 after acquiring an additional 28,744 shares in the last quarter. Centre Asset Ltd Liability owns 60,270 shares. Golub Limited Liability reported 1.82% stake. Norinchukin National Bank & Trust The reported 0.02% in J M Smucker Co (NYSE:SJM). The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp., UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. The stock grabbed 120 new institutional investments totaling 32,413,504 shares while 94 institutional investors sold out their entire positions totaling 32,891,749 shares.

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