Published: Сб, Октября 21, 2017
Money | By Armando Alvarado

Exane Derivatives Bought A Little More Bank of America Corporation (BAC) Stock

The stock of Bank of America Corp (NYSE:BAC) hit a new 52-week high and has $28.80 target or 6.00% above today's $27.17 share price.

Looking further out, over the past twelve months, Bank of America Corporation's stock was 64.07% and 13.63% over the last quarter and 14.98% for the past six months. The stock now has Monthly Volatility of 1.47% and Weekly Volatility of 1.81%. The value of the total investment in Bank of America Corporation increased from $180,670,000 to $196,963,000 increasing 9.0% quarter over quarter.

Here are a few substantial investment firms who have updated their positions. Gillespie Robinson & Grimm Inc grew its holdings by buying 26,980 shares an increase of 2.7% from 06/30/2017 to 09/30/2017. 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. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other. Veritable LP reported 0.21% in Bank of America Corp (NYSE:BAC). Mutual Of America Capital Management LLC owns 1,198,807 shares worth $30,378,000. Gateway Advisory LLC boosted its position in shares of Bank of America Corporation by 0.4% in the second quarter. RBC Capital Markets has "Buy" rating and $26.0 target. Hermes Investment Management Ltd added to its stake by buying 227,612 shares an increase of 7.4% as of 09/30/2017. Lodestar Invest Counsel Limited Liability Corporation Il accumulated 13,016 shares or 0.04% of the stock. It worsened, as 79 investors sold BAC shares while 543 reduced holdings. The shares were sold at an average price of $24.16, for a total value of $2,096,194.08. Following the sale, the director now owns 50,000 shares in the company, valued at $1,208,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The New Jersey-based Princeton Capital Management Inc has invested 0.92% in the stock. Bank of America Corporation has a 12 month low of $15.90 and a 12 month high of $26.59. The 200-day simple moving average is 10.80% and the 20-day simple moving average is 3.46%. The company has market cap of $6.29 billion. Bank of America Corporation (BAC) has an operating margin of 71.70%.

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Analysts await Universal Electronics Inc (NASDAQ:UEIC) to report earnings on November, 2. The firm had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $22.07 billion. After $0.86 actual EPS reported by Visa Inc for the previous quarter, Wall Street now forecasts -1.16% negative EPS growth. Bank of America Corporation had a net margin of 20.66% and a return on equity of 8.33%. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Berenberg on Wednesday, July 13. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued. The company was maintained on Friday, September 29 by Robert W. Baird.

Investors sentiment decreased to 1.12 in 2017 Q2. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) on Wednesday, August 23 with "Hold" rating. This is a positive change from Bank of America Corporation's previous quarterly dividend of $0.08. Bank of America Corporation's payout ratio is 27.43%.

Several research analysts have commented on the stock. The rating was upgraded by Robert W. Baird to "Buy" on Tuesday, September 1. BidaskClub raised Bank of America Corporation from a "hold" rating to a "buy" rating in a research report on Friday, July 7th. Citigroup has "Neutral" rating and $27 target. Of the analysts who provided ratings, 8 rated the company a Hold, 2 rated it a Moderate Buy, and 8 rated it a Strong Buy. Virtus Investment Advisers holds 0.58% in Bank of America Corp (NYSE:BAC) or 244,322 shares. If you are reading this article on another domain, it was illegally stolen and reposted in violation of United States and global trademark & copyright legislation. Tiaa Cref Management Limited Liability invested 1.08% of its portfolio in Bank of America Corp (NYSE:BAC). Pcj Invest Counsel Limited holds 0.21% in Bank of America Corp (NYSE:BAC) or 131,960 shares. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products.

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