Bank of America Corporation (NYSE:BAC) Sale Analysis

Andrew Cummings
October 22, 2017

The Darsana Capital Partners Lp holds 2.00 million shares with $48.52M value, down from 7.50 million last quarter.

Bank of America Corporation, launched on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The stock increased 2.24% or $0.59 on October 20, reaching $27.17. About 83.76 million shares traded or 26.35% up from the average. AQR Capital Management LLC increased its stake in shares of Bank of America Corporation by 21.3% in the first quarter. It has outperformed by 41.94% the S&P500. Waldron LP now owns 24,550 shares of the financial services provider's stock valued at $578,000 after purchasing an additional 12,978 shares during the period. The company has market cap of $117.51 billion. The stock decreased 0.35% or $0.25 on October 20, reaching $72.17. About 94,912 shares traded. It has outperformed by 3.59% the S&P500.

Egerton Capital Uk Llp increased Schwab Charles Corp New (NYSE:SCHW) stake by 2.08M shares to 10.72 million valued at $460.61 million in 2017Q2. It also reduced Apple Inc (NASDAQ:AAPL) stake by 294,000 shares and now owns 550,800 shares. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Therefore 33% are positive. Royal Bank Of Canada had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has "Buy" rating by Oppenheimer on Tuesday, August 4. On Sunday, July 23 the stock rating was maintained by Renaissance Macro Securities LLC with "Buy". The firm earned "Outperform" rating on Tuesday, December 8 by Keefe Bruyette & Woods. October 9 investment analysts at Citigroup made no change to the company rating of "Neutral" but moved up the price target to $27.00 from $17.00. BidaskClub upgraded shares of Bank of America Corporation from a "sell" rating to a "hold" rating in a research note on Friday, September 22nd. RBC Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Wednesday, August 30. RBC Capital Markets maintained Bank of America Corp (NYSE:BAC) on Tuesday, July 18 with "Buy" rating.

Investors of record on Friday, September 1st were given a $0.12 dividend. The Beta for the company stands at 1.3 and its Average True Range (ATR) shows a value of 0.42. The stock grabbed 108 new institutional investments totaling 28,127,821 shares while 90 institutional investors sold out their entire positions totaling 34,683,094 shares. The legal version of this piece of content can be accessed at Bank & Trust Hapoalim Bm reported 42,300 shares or 0.24% of all its holdings. The institutional investor owned 857,459 shares of the financial services provider's stock after purchasing an additional 21,907 shares during the period. Looking at a shorter time period, shares have been seen -1.56% away from the 50 day high and 11.43% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Wells Fargo & Company (NYSE:WFC). Signalpoint Asset Lc invested in 0.34% or 53,159 shares. (NYSE:T) or 3.40 million shares. Yhb Investment reported 161,450 shares. Glenmede Na invested in 0.05% or 455,014 shares. First National Communications holds 0.35% or 116,988 shares in its portfolio. Pegasus Partners Ltd. grew its position in Bank of America Corporation by 115.5% in the 1st quarter. Amer Retail Bank accumulated 103 shares. Tru Of Virginia Va has invested 0.07% in Bank of America Corp (NYSE:BAC).

Everett Harris & Company decreased Qualcomm Inc. Another trade for 15,000 shares valued at $973,401 was made by Rangasayee Krishna on Monday, May 8.

Analysts await AT&T Inc. (NASDAQ:XLNX) to report earnings on October, 25 after the close. In the last earnings report the EPS was $1.75 and is expected to be $1.82 for the current year with 10,516,450,000 shares outstanding. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter past year, the firm earned $0.41 earnings per share.

More important recent Xilinx, Inc. Connable Office Inc owns 218,841 shares. More interesting news about Xilinx, Inc.

Investors sentiment increased to 1.13 in Q2 2017. The consensus recommendation for stock is 2.10. Chase Investment Counsel Corp sold 3,257 shares as Visa Inc (V)'s stock rose 5.74%. Therefore 30% are positive.

Currently Bank of America Corporation, has an EPS of 1.66, which has grown by 14.90% this year. The rating was maintained by Barclays Capital with "Equal-Weight" on Thursday, July 27. The stock has "Hold" rating by TD Securities on Monday, April 3. The rating was upgraded by Macquarie Research on Tuesday, September 1 to "Hold". The firm earned "Neutral" rating on Tuesday, August 25 by Robert W. Baird. The firm has "Hold" rating by Deutsche Bank given on Wednesday, January 11. The company was maintained on Wednesday, September 6 by KeyBanc Capital Markets. The stock of AT&T Inc. The company was maintained on Thursday, June 1 by Credit Suisse. BMO Capital Markets has "Hold" rating and $2400 target.

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