Comprehensive Stock Analysis Of Bank of America Corporation (BAC)

Knightsbridge Asset Management Llc increased its stake in Bank Amer Corp (BAC) by 19.55% based on its latest 2017Q3 regulatory filing with the SEC. Egerton Capital Uk Llp sold 82,623 shares as the company's stock declined 6.00% while stock markets rallied. The institutional investor held 64,809 shares of the oil & gas production company at the end of 2017Q3, valued at $1.27M, up from 42,769 at the end of the previous reported quarter. Nbt Bank N A who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $105.76 billion market cap company. The stock increased 0.95% or $1.7 during the last trading session, reaching $181.94.

Bank of America Corporation (BAC) stock is now trading 19.38% away from its average-price of 200 days while it maintained a distance of 2.84% from its 50 Days Moving Average and -1.28% compared with the 20 Day Moving Average. It has underperformed by 22.30% the S&P500.

Analysts await XO Group Inc. The other 5 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Therefore 55% are positive. Range Resources Corp. had 139 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, October 24, the company rating was maintained by Bank of America.

SLB is now undervalued by -19.33% relative to the average 1-year price target of $82.86 taken from a group of Wall Street Analysts. As per Wednesday, July 29, the company rating was maintained by RBC Capital Markets. The firm has "Hold" rating by Societe Generale given on Tuesday, September 13. RBC Capital Markets maintained Gilead Sciences, Inc. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Credit Suisse Group restated a "buy" rating on shares of Bank of America Corporation in a report on Sunday, June 4th. The stock of Entergy Corporation (NYSE:ETR) has "Sell" rating given on Monday, September 7 by Zacks. The company was upgraded on Tuesday, April 4 by Capital One.

In other Bank of America Corporation news, Director Frank P. Bramble sold 86,763 shares of the firm's stock in a transaction dated Thursday, August 10th. The insider PALKO STEFFEN E bought $500,609.


Investors sentiment increased to 0.91 in Q3 2017. Its the same as in 2017Q2. It also reduced its holding in Antero Midstream Partners Lp (NYSE:AM) by 23,877 shares in the quarter, leaving it with 16,907 shares, and cut its stake in Dcp Midstream Lp (NYSE:DPM). 146.03 million shares or 0.84% less from 147.26 million shares in 2017Q2 were reported. Moreover, Afam Capital Inc has 0.84% invested in Bank of America Corporation (NYSE:BAC) for 274,665 shares. Adage Capital Ptnrs Lc reported 83,625 shares. New Jersey Better Educational Savings Tru holds 28,000 shares. Old Mutual Glob Invsts (Uk) Limited reported 92,469 shares.

First Quadrant L P, which manages about $16.82B and $5.17B US Long portfolio, decreased its stake in Jack In The Box Inc (NASDAQ:JACK) by 4,600 shares to 8,400 shares, valued at $856,000 in 2017Q3, according to the filing. Foundry Ptnrs Limited Liability has 0.53% invested in Gilead Sciences, Inc.

Bank stocks are widely higher today, as a hotter-than-expected inflation report fuels speculation about accelerated rate hikes from the Fed. Advantus Mngmt holds 0.65% or 989,318 shares in its portfolio. Ngam LP holds 0.02% or 103,134 shares. Therefore 67% are positive. Wall Street experts also assign a $34.03 price target on Bank of America Corporation, pointing towards a 9.35% rally from current levels. As per Friday, October 6, the company rating was maintained by BMO Capital Markets. Vetr upgraded shares of Bank of America from a "hold" rating to a "buy" rating and set a $26.59 price objective on the stock in a research note on Monday, October 16th. Deutsche Bank maintained the shares of BAC in report on Wednesday, August 12 with "Buy" rating. The firm earned "Buy" rating on Tuesday, December 5 by Raymond James. Maxim Group maintained it with "Buy" rating and $115 target in Friday, February 12 report. KBW has "Outperform" rating and $20 target. Honeywell International Inc. (NYSE:HON) has risen 17.66% since February 14, 2017 and is uptrending.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.92 and Total Debt/Equity ratio stands at 1.82, while Payout ratio is 0.158.

A number of other institutional investors have also recently bought and sold shares of BAC. 117 funds opened positions while 547 raised stakes. Korea Investment owns 77.59 million shares. Robert W. Baird maintained Bank of America Corporation (NYSE:BAC) rating on Friday, August 25. Legal And General Grp Public Limited Liability Corporation invested 0.43% of its portfolio in Gilead Sciences, Inc. Stanley Capital Ltd Liability accumulated 198,431 shares. Schnieders Management Ltd Liability Corporation holds 2.04% or 184,077 shares. Amundi Pioneer Asset Mgmt Inc holds 41,755 shares or 0.02% of its portfolio. It increased, as 8 investors sold GTS shares while 25 reduced holdings. Icon Advisers reported 1.6% stake. Monetta Financial accumulated 170,000 shares or 2.34% of the stock.

Related Articles

  • Here's your daily dose of cute from gay Olympian Adam Rippon

    Here's your daily dose of cute from gay Olympian Adam Rippon

    President Trump also rescinded a White House invite to Stephen Curry and the Golden State Warriors around this same time . Rippon was thrust into the spotlight for being one of the first openly gay athletes to take a stand at the Olympics .
    Federal Bureau of Investigation  director contradicts White House timeline for Rob Porter controversy

    Federal Bureau of Investigation director contradicts White House timeline for Rob Porter controversy

    Wray said additional information was presented to the White House in November before Porter's file was closed in January. Politico reported that once he was briefed on the allegations, Kelly told staff Porter "was gone 40 minutes later".
    Look, Capcom Knows You Really Want Monster Hunter World On Switch

    Look, Capcom Knows You Really Want Monster Hunter World On Switch

    He said that they were not going to bring the game to Nintendo Switch yet but he did not rule out the possibility entirely. Prospects of a Monster Hunter: World port for the Nintendo Switch continues to look bleak.
  • Short Term Outlook For Blue Apron Holdings, Inc. (NYSE:APRN)

    Short Term Outlook For Blue Apron Holdings, Inc. (NYSE:APRN)

    The legal version of this piece can be viewed at https://weekherald.com/2018/02/14/blue-apron-aprn-issues-earnings-results.html. Following the purchase, the senior vice president now owns 28,386 shares in the company, valued at approximately $110,421.54.
    4 killed, 15 trapped after under-construction building collapses in Karnataka

    4 killed, 15 trapped after under-construction building collapses in Karnataka

    A five-storey under-construction building on Thursday afternoon collapsed at Sarjapur road in Bengaluru's Kasavanahalli locality. So far, seven labourers have been rescued by the rescue team, which reached the spot as soon as the news was given to them.
    Rise of the Data Protection Officer, the Hottest Tech Ticket in Town

    Rise of the Data Protection Officer, the Hottest Tech Ticket in Town

    The effects of "Brexit" on the applicability of the EU's data privacy regime in the United Kingdom remain to be seen. The GDPR is all set to become effective starting from May 25, 2018 and is meant to harmonize the data privacy laws.
  • Muslims complaint against Priya Prakash Varrier's winking expressions in 'Odu Adaar Love'

    Muslims complaint against Priya Prakash Varrier's winking expressions in 'Odu Adaar Love'

    The letter has called upon CBFC chief to "take measures to block the videos" and "take immediate and imminent action on culprits". It is alleged that the song that has "objectionable references" to a love story between Prophet Mohammad and his wife Khadijah.

    American National Bank Increases Holdings in Gilead Sciences, Inc. (GILD)

    Lathrop Investment Management Corp bought 11,545 shares as the company's stock declined 14.37% while stock markets rallied. Comerica Incorporated holds 0.47% of its portfolio in Gilead Sciences, Inc . (NASDAQ:FOSL) for 35,599 shares. (NYSE:TGI).
    Victoria Beckham: No Spice Girls reunion tour in the works

    Victoria Beckham: No Spice Girls reunion tour in the works

    We had such a fun lunch. "I still speak to them all individually, but for us all to get together was really lovely". Of their recent get-together, Beckham said: "It was so great to see the girls".
  • 1 dead on Mount Hood

    1 dead on Mount Hood

    Another woman in Sumi's climbing group was seriously injured and was eventually roped down by rescuers. Mountaineering clubs offer training, but there are no requirements for scaling the peak, she said.
    17 killed in Florida school shooting by former student

    17 killed in Florida school shooting by former student

    The suspect is a former student of the high school involved and had been previously expelled for unspecified disciplinary reasons. US President Donald Trump sent his "prayers and condolences" to the families of those who died in the "terrible" shooting.
    Alex Bowman makes most of big break with Daytona 500 pole

    Alex Bowman makes most of big break with Daytona 500 pole

    Martin Truex Jr. (+1400) is the reigning series champion after posting five wins to claim the Monster Energy NASCAR Cup in 2017. His nickname is Bowman the Showman, yet that did little in helping Alex Bowman to get Rick Hendrick to remember his name.