A Technical Strategy for Bank of America Corporation (BAC)

Javier Stokes
December 21, 2017

There has been an observed change of -1.09% in the ownership of the shares in the past six months. It was reported on Dec, 20 by Barchart.com.

Caprock Group Inc increased Bank Amer Corp (BAC) stake by 48.71% reported in 2017Q2 SEC filing. BMO Capital Markets maintained the shares of BAC in report on Tuesday, July 18 with "Hold" rating. The South State Corp holds 378,041 shares with $9.17 million value, up from 345,826 last quarter. Essex Fin Ser has invested 1.08% in Bank of America Corporation (NYSE:BAC).

The stock decreased 0.35% or $0.1025 during the last trading session, reaching $29.3775. Pnc Fincl Svcs Grp owns 6.11M shares. It has outperformed by 2.91% the S&P500. (NYSE:MCD) by 5,634 shares to 424,659 shares, valued at $55.04 million in 2017Q2, according to the filing. Powershares Qqq Trust (QQQ) was reduced too. Shareholders of record on Friday, December 1st will be paid a $0.12 dividend.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAC. Cleararc Cap, a Ohio-based fund reported 244,076 shares. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 18 with "Buy" rating. Longer Investments Inc sold 20,990 shares as Bank Of America Corporation (BAC)'s stock declined 6.00%. Tiger Limited Com, New York-based fund reported 678,300 shares. Alpine Woods Limited holds 0.5% or 62,000 shares in its portfolio. The original version of this article can be viewed at https://stocknewstimes.com/2017/12/20/bank-of-america-corp-bac-shares-bought-by-douglas-lane-associates-llc.html. The stock of Bank of America Corporation (NYSE:BAC) has "Hold" rating given on Tuesday, September 1 by Macquarie Research. 104,500 are owned by Natl Mutual Insurance Federation Of Agricultural Cooperatives. 59,817 were accumulated by Strategic Advisors Ltd. Brinker Cap Incorporated holds 0.35% or 109,690 shares in its portfolio. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock valued at $16,047,853,000 after buying an additional 9,117,007 shares during the period. 209,582 were accumulated by Oakworth Capital. Hexavest owns 2.63M shares.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity. 86,763 shares valued at $2.10 million were sold by BRAMBLE FRANK P on Thursday, August 10. For the past month, Bank of America Corporation's stock has been 10.63%, 17.52% for the last quarter, 27.32% for the past six months and 31.01% for the past 52 weeks. Therefore 7% are positive. The firm earned "Neutral" rating on Wednesday, January 11 by UBS. The rating was upgraded by Sandler O'Neill to "Buy" on Wednesday, January 20. Bank of America had a return on equity of 8.33% and a net margin of 20.66%. The Wisconsin-based Sva Plumb Wealth Management Ltd has invested 0.04% in Bank of America Corporation (NYSE:BAC). Oppenheimer maintained it with "Buy" rating and $8500 target in Thursday, August 3 report. Credit Agricole upgraded the stock to "Outperform" rating in Friday, January 29 report. The insider WALSH JEFFREY R sold 5,000 shares worth $344,870. Arbor Investment Advisors LLC lifted its position in shares of Bank of America by 0.3% during the second quarter. The company has market cap of $551.34 million. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. The firm has a market capitalization of $307,180.00, a price-to-earnings ratio of 16.59, a P/E/G ratio of 2.02 and a beta of 1.31. The company was maintained on Tuesday, May 31 by BMO Capital Markets.

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Investors sentiment decreased to 1.04 in 2017 Q2. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. It fall, as 30 investors sold Consolidated Edison, Inc. shares while 223 reduced holdings. 63 funds opened positions while 155 raised stakes.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide. Bartlett And Ltd Liability Corp reported 1,629 shares or 0.01% of all its holdings. Koch Ind Inc stated it has 0.04% in Extreme Networks, Inc. Pennsylvania Trust Com invested in 111,909 shares or 0.13% of the stock. Fulton National Bank Na reported 0.2% stake. Signia Capital Mgmt Limited Liability reported 1.01M shares stake. Alpha Cubed Lc holds 0.34% or 82,137 shares. Moreover, Driehaus Capital Management Ltd Liability has 0.11% invested in Extreme Networks, Inc. (NASDAQ:TBBK). 41,802 are owned by Manufacturers Life Insurance Communication The. Shapiro Capital Mngmt Ltd Llc has 6.70 million shares. Massachusetts Finance Services Company Ma owns 30.52M shares. Voya Management Limited Liability holds 0% or 24,779 shares in its portfolio. Mufg Americas Corp holds 0.14% of its portfolio in Aetna Inc.

When we look at the Analyst Recommendations of the stock, the company has 2.62 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 53% are positive. Aetna had 62 analyst reports since July 30, 2015 according to SRatingsIntel.

Since August 23, 2017, it had 0 insider buys, and 1 insider sale for $160,024 activity. Piper Jaffray initiated The Bancorp, Inc. The rating was upgraded by DA Davidson to "Buy" on Thursday, September 15. On Thursday, August 27 the stock rating was downgraded by TheStreet to "Hold". CLSA maintained it with "Outperform" rating and $18 target in Friday, September 23 report.

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