BAC stock opened at $29.80 on Monday. The hedge funds in our database now own: 9.35 million shares, up from 9.33 million shares in 2017Q3.
Bruce Kovner decreased its stake in Bank Amer Corp (BAC) by 74.36% based on its latest 2017Q4 regulatory filing with the SEC.
The sell-off suggests that banks failed to meet lofty targets demonstrated by investor confidence in financials over the past five years, driving the sector up 90% over that time and accelerating gains in the past year. The stock decreased 2.77% or $0.85 during the last trading session, reaching $29.8. The stock had a trading volume of 99,254,533 shares, compared to its average volume of 69,778,968. Diamond Hill Mngmt holds 0% in Bank of America Corporation (NYSE:BAC) or 7,704 shs. BAC outperformed by 16.63% the S&P500. Therefore 67% are positive. $32.89's average target is 10.37% above currents $29.8 stock price. On Tuesday, January 9 the stock has "Buy" rating by Sandler O'Neill. The stock of Bank of America Corporation (NYSE:BAC) has "Hold" rating given on Friday, August 25 by Robert W. Baird. Keefe Bruyette & Woods has "Buy" rating and $3500 target. The stock rating was maintained by Wells Fargo with "Buy" on Wednesday, December 20. As per Tuesday, September 1, the company rating was upgraded by Macquarie Research. On Monday, March 26 the rating was maintained by Oppenheimer with "Buy".
Investors sentiment increased to 1.19 in 2017 Q4. That's change of 0.15, from 2017Q3's 1.04. It improved, as 66 investors sold BAC shares while 561 reduced holdings. Investec Asset Management LTD raised its stake in Bank of America by 68.6% during the second quarter.
TCL Multimedia Technology Holdings Limited, an investment holding company, makes, distributes, and sells colour television sets in the PeopleÂ's Republic of China, Europe, North America, and internationally. During the same period last year, the company posted $0.40 earnings per share. research analysts forecast that Bank of America will post 2.5 EPS for the current year. Morgan Stanley maintained it with "Overweight" rating and $37 target in Friday, February 2 report. Perella Weinberg Ptnrs Capital Mgmt Limited Partnership reported 43,273 shares. Destination Wealth accumulated 13,323 shares. The legal version of this story can be viewed at https://registrarjournal.com/2018/04/16/arlington-value-capital-llc-cuts-stake-in-bank-of-america-bac.html. Moreover, Horizon Kinetics Limited Liability Corporation has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 49,400 shs. Holowesko Partners Ltd sold 3.07 million shares as Bank Amer Corp (Put) (BAC)'s stock declined 1.20%.
Redwood Cap Mngmt Ltd holds 872,400 shs. Banque Pictet & Cie holds 0.53% or 892,240 shares. Aimz Inv Advsrs Limited Liability Corporation holds 0.52% or 23,308 shares in its portfolio.
Bank of America shares were almost 0.4% lower at $29.68 in Monday morning trading. Pennant Management Ltd Co holds 1.89% or 706,721 shares. Revenue from stock trading rose at both the banks, but weakness in bond trading crimped total trading revenue growth. About 34,832 shares traded. BAC is uptrending and has moved 28.18% since April 15, 2017. It has underperformed by 51.98% the S&P500. Victory Capital Management Inc. now owns 1,401,094 shares of the financial services provider's stock worth $35,504,000 after purchasing an additional 601,675 shares during the period. Farmers And Merchants Invs holds 0.56% or 259,855 shares in its portfolio.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Finally, UBS Asset Management Americas Inc. grew its position in shares of Bank of America by 3.7% in the 4th quarter. Bernstein maintained the shares of NFLX in report on Tuesday, July 19 with "Underperform" rating. The firm provides predictive behavioral routing and workstyle, performance management, quality assurance, predictive analytics, and marketing managed services that analyzes and predicts customer behavior based on the language exchanged between agents and clients during brand interactions to enhance customer satisfaction and retention, employee engagement, and operating efficiency. It serves companies in the healthcare, insurance, financial service, technology, telecommunication, cable, utility, education, hospitality, and government industries. Netflix had 237 analyst reports since August 4, 2015 according to SRatingsIntel.