Published: Fri, October 13, 2017
Money | By Armando Alvarado

Bank of America Corporation (NYSE:BAC) Quarterly Analysis

Bank of America Corporation (NYSE:BAC) Quarterly Analysis

Therefore 33% are positive. Kroger has $48 highest and $19 lowest target. The brokerage now has $25.61 price target on the financial services provider's stock. Actuant had 39 analyst reports since August 26, 2015 according to SRatingsIntel. Barclays Capital maintained CBS Corporation (NYSE:CBS) on Sunday, August 16 with "Hold" rating.

In related news, Director Frank P. Bramble sold 86,763 shares of the stock in a transaction that occurred on Thursday, August 10th. Holt Cap Lc Dba Holt Cap Ptnrs LP holds 3.54% of its portfolio in Bank of America Corp (NYSE:BAC) for 423,900 shares. (NASDAQ:MVIS) rating on Thursday, January 26. The company was maintained on Wednesday, November 4 by Needham.

Dekabank Deutsche Girozentrale increased Boston Properties Inc (BXP) stake by 25.43% reported in 2017Q2 SEC filing.

Dmitry Balyasny increased its stake in Bank Of America Corp (BAC) by 861.08% based on its latest 2017Q2 regulatory filing with the SEC. This works out to a net decrease in ownership of 29.46 million shares, and suggests that institutions are feeling bearish about the stock. The Private Asset Management Inc holds 850,519 shares with $20.63M value, down from 863,401 last quarter. Bank Amer Corp (Call) now has $270.20 billion valuation. The relative volume of the stock is 0.78.

Bank of America Corporation (NYSE:BAC) has seen its stock price gain, or, so far in 2017. It has outperformed by 41.94% the S&P500.

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The focus shift on performance of the Bank of America Corporation (NYSE:BAC) that has shown a discernible change in trend levels over the path of recent market activity. They expect $0.47 EPS, up 14.63% or $0.06 from last year's $0.41 per share. After $0.46 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 2.17% EPS growth. Therefore 66% are positive. Maxlinear Inc. had 32 analyst reports since September 17, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Friday, August 11 by Jefferies.

The bank faces stiff competition from other bulge-bracket USA financial institutions such as Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC), and JPMorgan Chase & Co. The stock has "Hold" rating by Societe Generale on Tuesday, September 13. However, over the past 52 weeks Bank of America is the top dog, with its stock up 60%. KBW upgraded the shares of BAC in report on Monday, August 24 to "Outperform" rating. (NYSE:MXL), 11 have Buy rating, 0 Sell and 0 Hold. The firm has "Buy" rating given on Friday, October 6 by RBC Capital Markets. The rating was upgraded by Nomura on Tuesday, September 8 to "Buy". Wood downgraded the stock to "Market Perform" rating in Monday, May 16 report.

Investors sentiment decreased to 1.12 in 2017 Q2. This represents a $0.48 annualized dividend and a dividend yield of 1.89%. That's a potential 4.34 increase relative to where Bank of America Corporation (NYSE:BAC) has been trading recently. Brinker Cap holds 0.06% of its portfolio in Bank of America Corp (NYSE:BAC) for 53,186 shares. Wealth Architects Ltd Liability Co has 27,309 shares. Ajo Ltd Partnership has invested 2.52% in Bank of America Corp (NYSE:BAC). Vaughan David Invests Inc Il owns 25,739 shares for 0.03% of their portfolio. 121,923 are owned by Cubist Systematic Strategies Ltd Liability Com. Checchi Advisers Limited Company reported 76,925 shares or 0.2% of all its holdings. Rmb Mngmt Limited Com holds 0.05% or 78,349 shares. Howland Mngmt Lc has 193,615 shares for 2.64% of their portfolio. Adams Diversified Equity Fund accumulated 1.37M shares or 1.88% of the stock. Northwestern Mutual Wealth reported 300 shares stake. It improved, as 28 investors sold IDXX shares while 184 reduced holdings. Price T Rowe Associate Md reported 27.49M shares. Blair William And Co Il reported 52,914 shares. PK's profit will be $141.66 million for 10.82 P/E if the $0.66 EPS becomes a reality. The hedge fund run by Dmitry Balyasny held 15.62M shares of the major banks company at the end of 2017Q2, valued at $378.88M, up from 1.63M at the end of the previous reported quarter. 6,200 Kroger Co (NYSE:KR) shares with value of $131,235 were sold by PHILLIPS SUSAN M. The stock rose 0.23% or $0.06 reaching $25.89 per share. IDEXX Laboratories, Inc. (NASDAQ:IDXX) has risen 83.30% since October 11, 2016 and is uptrending. It has underperformed by 18.88% the S&P500.

Investors sentiment decreased to 2.29 in 2017 Q2. Its up 0.25, from 0.94 in 2017Q1. 42 funds opened positions while 61 raised stakes. It worsened, as 9 investors sold Microvision, Inc. shares while 5 reduced holdings. Riverhead Cap Mgmt Limited Liability Co holds 0% in Actuant Corporation (NYSE:ATU) or 3,496 shares. Manufacturers Life Insurance Comm The invested in 0.02% or 90,798 shares. First Eagle Inv Management Ltd Liability Company stated it has 7,790 shares or 0% of all its holdings. Carret Asset Mgmt Ltd Liability Com holds 185,625 shares. Sei holds 0.01% of its portfolio in Actuant Corporation (NYSE:ATU) for 81,846 shares. Welch Group LLC now owns 10,035 shares of the financial services provider's stock worth $237,000 after purchasing an additional 42 shares during the period. Architects holds 0.76% or 175,540 shares in its portfolio. Patten Group Inc has 8,542 shares. The company has market cap of $6.13 billion. The Firm operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States.

The company P/E (price to earnings) ratio is 15.58 and Forward P/E ratio is 12.

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