Published: Tue, December 05, 2017
Money | By Armando Alvarado

Bank of America Corp (BAC) Holdings Lessened by Coatue Management LLC

Bank of America Corp (BAC) Holdings Lessened by Coatue Management LLC

Bank of America Corporation (NYSE:BAC) plunged -0.25% with the closing price of $28.10. It has outperformed by 41.94% the S&P500. Therefore 39% are positive. Melrose PLC had 128 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has "Buy" rating given on Friday, October 13 by RBC Capital Markets. The stock now has an average rating of "Buy" and a consensus target price of $26.25. As per Thursday, February 16, the company rating was upgraded by Macquarie Research. The firm has "Buy" rating given on Wednesday, January 20 by Sandler O'Neill. The stock has "Overweight" rating by JP Morgan on Thursday, April 7.

Receive News & Ratings for Bank of America Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America Corp and related companies with MarketBeat.com's FREE daily email newsletter. The firm has "Hold" rating given on Friday, October 6 by BMO Capital Markets. The company was maintained on Wednesday, November 25 by Credit Suisse. Finally, Wells Fargo & Company started coverage on Bank of America in a research note on Wednesday, August 9th. The stock has "Hold" rating by BMO Capital Markets on Wednesday, August 23.

Possible record warmth a prelude to wind, increasingly wintry weather
Wind speeds, meanwhile, are expected to be in the teens through much of the week with gusts reaching up to 30 miles per hour . Tuesday: Mostly sunny - high near 45 with west wind around 15 miles per hour gusting as high as 22 miles per hour .

Among 29 analysts covering Comerica Inc (NYSE:CMA), 12 have Buy rating, 2 Sell and 15 Hold. Jefferies Group reaffirmed a "buy" rating and set a $28.00 target price on shares of Bank of America in a report on Friday, August 11th. The company presently has a consensus rating of "Buy" and a consensus target price of $26.25. Riggs Asset Managment holds 3.71% of its portfolio in Bank of America Corporation (NYSE:BAC) for 341,287 shares. Their activity in BAC in recent trading has also spurred interest in the stock. The stock of Bank of America Corporation (NYSE:BAC) earned "Buy" rating by Bernstein on Tuesday, September 1. The ex-dividend date of this dividend is Thursday, November 30th. The firm has "Buy" rating by Keefe Bruyette & Woods given on Tuesday, June 6. The firm has "Hold" rating by Societe Generale given on Tuesday, September 13.

Bank of America Corporation (BAC)'s RSI (Relative strength index) is at 67.36, its ATR (Average True Range) value is 0.53, while its Beta factor was calculated at 1.32. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. It turned negative, as 14 investors sold Firstgroup plc shares while 24 reduced holdings. Bank of America Corporation's institutional ownership is 70.3%, while its institutional transactions stand at 9.4%. Arrowgrass Ptnrs (Us) Limited Partnership accumulated 957,929 shares or 0.18% of the stock. Hm Payson reported 0% stake. American Assets Investment Mgmt Limited Liability, California-based fund reported 211,670 shares. The option since executed brings Bramble ownership to 50000 shares. Coastline Tru has 38,282 shares. Peddock Limited Liability Company holds 0.79% or 61,179 shares in its portfolio. Ubs Oconnor Limited Liability Com reported 346,606 shares. (NASDAQ:CME). Fifth Third Bancshares holds 0.13% or 143,561 shares. During the same period in the previous year, the business posted $0.41 earnings per share. analysts predict that Bank of America will post 1.81 EPS for the current year. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. CMA's profit will be $217.40M for 17.20 P/E if the $1.25 EPS becomes a reality. Ironwood Inv Counsel Ltd Liability Corporation has 0.45% invested in Bank of America Corporation (NYSE:BAC) for 49,125 shares. (DE) stake by 29.36% reported in 2017Q2 SEC filing. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock valued at $16,047,853,000 after purchasing an additional 9,117,007 shares in the last quarter. United Technologies Corp. (NYSE:UTX) was raised too. The company P/S (price to Sales) ratio is 5.31, P/B (price to Book) ratio is 1.15, while its P/C (price to Cash) ratio stands at 0.45. Its down 0.03, from 1.15 in 2017Q1. Buckingham Capital Mgmt invested in 1.64% or 577,958 shares. 64 funds opened positions while 161 raised stakes. Investec Asset Management LTD increased its holdings in shares of Bank of America by 68.6% in the 2nd quarter. Wfg Advsr Lp holds 0.28% or 50,237 shares. Clinton Inc owns 67,225 shares or 0.17% of their USA portfolio. Minerva Advisors Llc, a Pennsylvania-based fund reported 29,816 shares. Firstgroup plc (LON:FGP) has 0.00% since December 5, 2016 and is. Utah Retirement Systems holds 0.04% or 155,467 shares. Carmignac Gestion reported 16.49 million shares. Hm Payson & Company holds 0.01% in Melrose Industries PLC (LON:MRO) or 27,260 shares. 454,277 are owned by Front Barnett Assocs Ltd Com. Manufacturers Life Ins The holds 0.01% or 983,616 shares. The disposition, at a price of $26.79, resulted in Brian Moynihan bringing total 1.09 million shares. United Service Automobile Association reported 9.46M shares. The stock decreased 14.29% or $0.01 during the last trading session, reaching $0.03. Gateway Advisory LLC now owns 10,053 shares of the financial services provider's stock worth $244,000 after acquiring an additional 45 shares during the period. Melrose Industries PLC (LON:MRO) has 0.00% since December 4, 2016 and is.

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