Boston Private Wealth LLC Cuts Position in Bank of America Corporation (BAC)

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of Bank of America Corporation stock in a transaction that occurred on Thursday, August 10th. The hedge fund run by David Greenspan held 1.52M shares of the consumer specialties company at the end of 2017Q2, valued at $142.21 million, down from 1.66 million at the end of the previous reported quarter. Bank Amer Corp now has $293.31B valuation. The stock increased 2.76% or $0.21 on October 27, reaching $7.81. Analysts are turning out to be more optimistic than before, with 23 of analysts who cover Bank of America Corporation (NYSE:BAC) advice adding it to buy candidate list.

Stifel Financial Corporation (NYSE:SF) had an increase of 3.74% in short interest. PRCP's SI was 73,900 shares in October as released by FINRA. Kennedy Capital Management holds 27,874 shares. The SI to Stifel Financial Corporation's float is 4.83%. The stock increased 3.23% or $1 on October 27, reaching $32.

Shares of TAL Education Group (NYSE:TAL) traded down -14.33% in the last session while performance was up 27.73% in the last five days. Perceptron, Inc. (NASDAQ:PRCP) has risen 66.81% since October 28, 2016 and is uptrending. It has outperformed by 12.01% the S&P500. Blackstone Mtg Tr Inc now has $3.03 billion valuation. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. The industry's and sector's high P/E for the past year is 133.36 and 31.08 respectively and low P/E ratio for the last 5 years is 5.83 for the industry and 10.13 for the Sector. 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.

Investors of record on Friday, December 1st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.73%.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 26 funds opened positions while 84 raised stakes. Addison holds 30,503 shares. Sentinel Asset invested in 307,220 shares or 0.34% of the stock. Neville Rodie And Shaw has 0.14% invested in Bank of America Corp (NYSE:BAC). Duff Phelps Investment Mngmt Commerce owns 113,725 shares or 0.04% of their United States portfolio. Novare Capital Ltd Liability Corporation owns 89,771 shares. Amica Mutual Ins has invested 0.69% in Bank of America Corp (NYSE:BAC).

COPYRIGHT VIOLATION NOTICE: "MARSHALL WACE ASIA Ltd Has $53.91 Million Stake in Bank of America Corporation (BAC)" was originally published by Week Herald and is the sole property of of Week Herald. Bank of America Corporation makes up about 4.4% of Obermeyer Wood Investment Counsel Lllp's portfolio, making the stock its 5th largest position. It also reduced Jd Com Inc (NASDAQ:JD) stake by 948,000 shares and now owns 2.03 million shares. Campbell Newman Asset Mgmt Inc reported 152,000 shares. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/29/blue-fin-capital-inc-sells-3810-shares-of-bank-of-america-corporation-bac.html. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. Therefore 100% are positive. 12,732 were reported by Hall Laurie J Trustee. The firm has "Neutral" rating by Macquarie Research given on Monday, November 28. CLSA maintained Bank of America Corp (NYSE:BAC) on Friday, September 23 with "Outperform" rating. The firm has "Buy" rating by Northland Capital given on Monday, July 24. The rating was downgraded by Vetr on Tuesday, August 11 to "Buy". The company was maintained on Tuesday, August 22 by Morgan Stanley. Credit Suisse downgraded Stifel Financial Corp (NYSE:SF) on Monday, February 22 to "Underperform" rating. The company's quarterly EPS surprised Wall Street by as much as 7% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Gabelli & Inv Advisers reported 108,729 shares stake. Berkshire Hathaway Inc (BRKB) was reduced too. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Therefore 67% are positive. Royal Bank Of Canada reissued a "buy" rating and issued a $26.00 price objective on shares of Bank of America Corporation in a report on Thursday, July 20th. Finally, Instinet reissued a "buy" rating and set a $27.00 target price on shares of Bank of America Corporation in a research report on Saturday, July 22nd. The rating was maintained by UBS with "Neutral" on Monday, October 16. The firm earned "Hold" rating on Thursday, July 6 by RBC Capital Markets. Bank of America Corporation presently has an average rating of "Buy" and an average price target of $25.47. The stock closing price is now trading upward to its 50 day moving average with change of 11.14%, escalated to its 20 day moving average with figure of 5.84% and above its 200 day moving average with value 15.09%. The firm has "Neutral" rating by Guggenheim given on Tuesday, November 15. Citigroup maintained it with "Buy" rating and $17 target in Tuesday, July 19 report. The company was upgraded on Tuesday, September 8 by Nomura. The stock's 50 day moving average is $25.63 and its 200-day moving average is $24.19.

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