emfizz.com December 14, 2017

Analyzing the Insider Data for Bank of America Corporation (BAC)

03 December 2017, 01:27 | Jan Cross

Benjamin F Edwards & holds 35,409 shares.

Shares of General Electric Company (NYSE:GE) traded down -1.03% in the last session while performance was up 18.29% in the last five days. About 485,424 shares traded or 40.67% up from the average. It has outperformed by 3.59% the S&P500.

Wealth Architects Llc increased Bank Of America Corp (BAC) stake by 139.66% reported in 2017Q2 SEC filing.

Bank of America Corporation (BAC) declined -0.39% and closed its last trading session at $28.17. The institutional investor held 120,829 shares of the major banks company at the end of 2017Q2, valued at $2.93M, up from 76,811 at the end of the previous reported quarter. Bank Amer Corp Com now has $293.10 billion valuation. Insider ownership during the latest quarter decreased by a net of 59575 shares, indicating that BAC's key executives are feeling more bearish about the stock than they did three months ago. The stock was bought at an average price of $23.81 per share, for a total transaction of $595,250.00. Bank of America Corporation's beta is 1.32 whilst the stock has an average true range (ATR) of 0.50. It has outperformed by 41.94% the S&P500. State of Alaska Department of Revenue purchased a new position in shares of Bank of America Corp during the first quarter valued at approximately $358,000. Therefore 67% are positive. Jupiter Asset Mgmt owns 2% invested in Bank of America Corporation (NYSE:BAC) for 2.37M shares. RBC Capital Markets maintained the stock with "Buy" rating in Wednesday, August 30 report. The company was upgraded on Tuesday, September 12 by Moffett Nathanson. The firm has "Hold" rating given on Tuesday, September 13 by Societe Generale. The firm earned "Buy" rating on Wednesday, January 20 by Sandler O'Neill. 265 shares valued at $13,242 were sold by Milton Miles S on Monday, June 12. The firm has "Outperform" rating given on Tuesday, November 29 by Keefe Bruyette & Woods. The rating was maintained by Jefferies on Thursday, September 14 with "Buy". Investors of record on Friday, December 1st will be given a $0.12 dividend. The company P/S (price to Sales) ratio is 5.32, P/B (price to Book) ratio is 1.15, while its P/C (price to Cash) ratio stands at 0.45. It is negative, as 79 investors sold BAC shares while 543 reduced holdings.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Hbk LP holds 150,622 shares. Robert W. Baird reiterated a "hold" rating and set a $24.00 price objective on shares of Bank of America in a research note on Friday, August 25th. Raymond James & Associate has 5.84M shares for 0.31% of their portfolio. During the same quarter in the prior year, the company earned $0.41 earnings per share. sell-side analysts expect that Bank of America Corp will post 1.81 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: "Mutual of America Capital Management LLC Increases Stake in Bank of America Corp (BAC)" was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. 10,676 are held by Ipswich Investment Management. Flippin Bruce Porter accumulated 231,490 shares or 1.27% of the stock. Howard Management accumulated 25,112 shares or 0.1% of the stock. Lenox Wealth Management Inc has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 3,841 shares.

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Bank of America Corporation most recently reported earnings per share (EPS) of $0.48 for the September 2017 versus $0.41 in the same quarter a year ago, representing 17% growth.

Investors sentiment decreased to 1.25 in Q2 2017. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. Moreover, Wealthtrust Axiom Llc has 1.02% invested in the company for 353,591 shares. 110 funds opened positions while 468 raised stakes. Mengis Cap Mngmt Inc invested in 2.08% or 121,280 shares. Gillespie Robinson Grimm holds 998,151 shares or 3.29% of its portfolio. Veritable Limited Partnership holds 0.17% or 81,575 shares in its portfolio. Granite Prns Ltd Company has invested 0.13% of its portfolio in PFSweb, Inc. Great Lakes Advisors owns 44,041 shares for 0.1% of their portfolio. Caldwell And Orkin reported 74,500 shares. Moreover, Capital Advsr Lc has 0.02% invested in Visa Inc. It also upped Arista Networks (NYSE:ANET) stake by 5,386 shares and now owns 6,622 shares. Co Of Virginia Va, Virginia-based fund reported 61,247 shares. California Public Employees Retirement System sold 1.78M shares as the company's stock declined 6.00% while stock markets rallied. Beese Fulmer Inv Management Incorporated owns 303,037 shares. Castleark owns 485,800 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: "Wednesday's Vital Data: Bank of America Corp (BAC), Roku Inc (ROKU) and Home ..." on November 29, 2017, also Investorplace.com with their article: "4 Reasons Bank of America Corp Stock Is as Good as It Gets" published on November 09, 2017, Investorplace.com published: "Where Bank of America Corp Fails and Succeeds in One Simple Chart" on November 15, 2017. (NYSE:V). Penobscot Invest Mngmt reported 1.68% stake.

Among 14 analysts covering Hancock Holding Company (NASDAQ:HBHC), 8 have Buy rating, 0 Sell and 6 Hold. The stock of Bank of America Corporation (NYSE:BAC) earned "Hold" rating by BMO Capital Markets on Wednesday, August 23. Therefore 64% are positive. Visa Inc. had 93 analyst reports since July 21, 2015 according to SRatingsIntel.

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