Investec Asset Management LTD now owns 17,772,325 shares of the financial services provider's stock worth $431,157,000 after buying an additional 7,231,615 shares during the last quarter. The hedge fund run by John Brennan held 2.52M shares of the major banks company at the end of 2017Q3, valued at $63.97 million, down from 5.77M at the end of the previous reported quarter. Appleton Partners Inc who had been investing in Bank Amer Corp Com for a number of months, seems to be less bullish one the $333.23B market cap company. The company traded as high as $32.94 and last traded at $32.97, with a volume of 33570386 shares changing hands. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 12, 2017 and is uptrending. It has outperformed by 11.57% the S&P500.
Boston Advisors Llc decreased its stake in Eplus Inc Com (PLUS) by 19.63% based on its latest 2017Q3 regulatory filing with the SEC. Seminole Management acquired 214,730 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. The institutional investor held 639,422 shares of the clothing and shoe and accessory stores company at the end of 2017Q3, valued at $15.76 million, up from 558,510 at the end of the previous reported quarter. Boston Advisors Llc who had been investing in Eplus Inc Com for a number of months, seems to be less bullish one the $1.14 billion market cap company. About 39,176 shares traded. Brandywine Company owns 0.3% invested in Bank of America Corporation (NYSE:BAC) for 13,326 shares. It has outperformed by 17.04% the S&P500.
Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 100% are positive. BP had 58 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with "Buy" on Wednesday, January 11. As per Wednesday, December 6, the company rating was maintained by RBC Capital Markets. Sandler O'Neill maintained the shares of BAC in report on Friday, January 19 with "Buy" rating. The stock of Bank of America Corporation (NYSE:BAC) has "Outperform" rating given on Friday, September 23 by CLSA. The company was maintained on Tuesday, November 21 by BMO Capital Markets. (NYSE:PFE) on Thursday, April 7 with "Overweight" rating. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, October 6. Wells Fargo & Co set a $35.00 price target on Bank of America and gave the company a "buy" rating in a research note on Wednesday, December 20th. Hirtle Callaghan reported 0.04% in Bank of America Corporation (NYSE:BAC). During the same period last year, the firm earned $0.40 EPS. analysts anticipate that Bank of America Corp will post 2.46 earnings per share for the current fiscal year. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.03.
Investors sentiment increased to 1.19 in 2017 Q3. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%.
Institutional investors have recently bought and sold shares of the business. 64 funds opened positions while 179 raised stakes. Toth Fin Advisory has 20,863 shares for 0.13% of their portfolio. Ccm Inv Advisers Limited Liability Co owns 11,308 shares for 0.06% of their portfolio.
Wms Partners Llc, which manages about $2.55 billion and $839.92 million US Long portfolio, decreased its stake in International Business Machs (NYSE:IBM) by 2,767 shares to 15,669 shares, valued at $2.27M in 2017Q3, according to the filing. Cim Investment Mangement, Pennsylvania-based fund reported 57,926 shares. State Of Tennessee Treasury Department holds 0.88% or 6.80 million shares in its portfolio. Tyrus Cap Sam has invested 0.44% in CenturyLink, Inc. Bragg Advsr Incorporated has 34,971 shares for 0.14% of their portfolio. Ls Inv Advisors Ltd Company holds 0.05% or 45,379 shares in its portfolio. Ajo Lp accumulated 18,930 shares. Ct Mason reported 95,948 shares stake. (NASDAQ:PLUS) for 1.01M shares. Miller Investment Mngmt Ltd Partnership owns 37,675 shares. Amer Rech & Mngmt Comm has invested 0.22% in Bank of America Corporation (NYSE:BAC).
Micron Technology, Inc. (NASDAQ:MU), at its latest closing price of $54.59, it has a price-to-book ratio of 2.80, compared to an industry average at 2.53. The firm's revenue was up 3.5% compared to the same quarter last year. analysts predict that Bank of America will post 2.46 EPS for the current year. United Securities Inc (D B A Uas Asset Management) stated it has 0.25% in Bank of America Corporation (NYSE:BAC). Hence the difference between Predicted EPS and Actual EPS reported is $0.04/share which shows an Earnings Surprise of 9.1 Percent. The stock has "Buy" rating by Credit Suisse on Thursday, June 1. Therefore 60% are positive. Royal Bank of Canada lifted their price target on shares of Bank of America to $35.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. The firm has "Buy" rating by Keefe Bruyette & Woods given on Thursday, December 21.
Shares of Bank of America Corp (BAC) opened at $32.84 on Tuesday. The company was maintained on Tuesday, November 7 by BMO Capital Markets. Wunderlich maintained Regal Beloit Corporation (NYSE:RBC) on Tuesday, February 9 with "Buy" rating. ValuEngine upgraded Bank of America from a "hold" rating to a "buy" rating in a report on Friday, February 2nd.
Investors sentiment decreased to 1.48 in 2017 Q3. Its down 0.04, from 0.88 in 2017Q2. It dropped, as 65 investors sold JPM shares while 767 reduced holdings. Rathbone Brothers Public Ltd Company invested in 153,828 shares. 358,738 are owned by Old National National Bank In. Principal Fincl Group has 444,149 shares for 0.03% of their portfolio. Vanguard Group Inc. boosted its position in shares of Bank of America by 1.4% during the 2nd quarter. Segall Bryant & Hamill Limited reported 0.03% of its portfolio in Red Lion Hotels Corporation (NYSE:RLH). Synovus Corporation holds 0% or 2,797 shares in its portfolio. The firm owned 855,720 shares of the financial services provider's stock after acquiring an additional 793,061 shares during the period. Price T Rowe Associate Md holds 22,396 shares or 0% of its portfolio. Arvest Bank Trust Division's holdings in Bank of America were worth $29,275,000 as of its most recent filing with the Securities and Exchange Commission. Mai Cap Management invested in 0.68% or 443,897 shares. White Pine Limited Liability Corporation has invested 0% in Red Lion Hotels Corporation (NYSE:RLH). Btc Capital stated it has 0.3% in CenturyLink, Inc. 5,149 are held by Menta Capital Ltd Llc.