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Bank of America Corporation (NYSE:BAC)

26 November 2017

The institutional investor held 3.49M shares of the major banks company at the end of 2017Q2, valued at $84.55M, down from 12.25 million at the end of the previous reported quarter. Nepsis Capital Management Inc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $277.35B market cap company. The stock rose 0.09% or $0.02 reaching $26.68 per share. 14,270,000 shares of the company's stock were exchanged, compared to its average volume of 63,250,000.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Friday, October 13th. It has outperformed by 41.94% the S&P500. Crestwood Advisors LLC added to its holdings by buying 4,064 shares an increase of 0.5% in the quarter. Unilever Plc now has $170.34 billion valuation. The stock decreased 0.24% or $0.09 on November 24, reaching $38.05. About 4.34 million shares traded. Unilever plc (ADR) (NYSE:UL) has risen 20.68% since November 24, 2016 and is uptrending. It has outperformed by 0.16% the S&P500.

Bainco International Investors lifted its stake in Bank of America by 1.2% during the 2nd quarter. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.88 and Total Debt/Equity ratio stands at 1.79, while Payout ratio is 0.187.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

Daily Journal Corp holds 36.74% of its portfolio in Bank of America Corp for 2.30 million shares. Pillar Pacific Ltd Llc reported 375,620 shares. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. First Citizens Bank & Trust Co. now owns 363,686 shares of the financial services provider's stock valued at $5,692,000 after buying an additional 19,677 shares during the period. Moreover, Deutsche Comml Bank Ag has 0.03% invested in LKQ Corporation (NASDAQ:LKQ). Illinois-based Wolverine Asset Mgmt Ltd Llc has invested 0% in Bank of America Corp (NYSE:BAC). It also upped Mckesson Corp (NYSE:MCK) stake by 21,240 shares and now owns 25,525 shares. Riverpoint Mngmt Ltd Liability holds 0.96% or 568,992 shares. Airain Limited accumulated 0.14% or 134,225 shares. Sabal Tru Co reported 7,542 shares. Pacific Inv Management invested 1.41% of its portfolio in Bank of America Corp (NYSE:BAC). S&Co Incorporated owns 136,559 shares or 0.44% of their U.S. portfolio.

Lord Abbett & Company decreased Target Corp Com (NYSE:TGT) stake by 524,199 shares to 697,509 valued at $36.47 million in 2017Q2. General Electric Co (NYSE:GE) was reduced too. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the company. Therefore 67% are positive. Unilever had 15 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by Jefferies on Tuesday, July 21. Jefferies maintained the shares of BAC in report on Friday, July 7 with "Buy" rating. The stock has "Buy" rating by RBC Capital Markets on Friday, October 6. (NASDAQ:AEZS), 3 have Buy rating, 0 Sell and 0 Hold. Vetr upgraded Bank of America from a "buy" rating to a "strong-buy" rating and set a $26.59 target price for the company in a research note on Wednesday, August 30th. On Monday, February 27 the stock rating was upgraded by Bank of America to "Neutral". As per Wednesday, November 16, the company rating was downgraded by Robert W. Baird. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, May 31 report. Summit Secs Grp Ltd Liability Company has invested 1.41% of its portfolio in Bank of America Corp (NYSE:BAC).

Investors sentiment decreased to 1.51 in Q2 2017. Its up 0.84, from 0.75 in 2017Q1. 65 funds opened positions while 91 raised stakes. Alphamark Advisors invested in 0.01% or 744 shares. Corbyn Investment Management Inc acquired 54,595 shares as Lkq Corp (Lkq) (LKQ)'s stock declined 2.79%. Loomis Sayles & Limited Partnership invested in 0.27% or 4.67 million shares. Connor Clark Lunn Investment Mngmt has 126,005 shares. 185,481 are held by Sol Capital Management. 877,800 were accumulated by Numeric Ltd. Boyer & Corporon Wealth Llc stated it has 210,932 shares or 2.27% of all its holdings. Bac now has $276.62B valuation. 11,095 were reported by Magnetar Fin Limited Liability Com. Commonwealth Of Pennsylvania Pub School Empls Retrmt System invested 0.59% of its portfolio in NuStar Energy L.P. (NYSE:NS). David R Rahn Associates holds 114,141 shares or 2.04% of its portfolio. Obermeyer Wood Counsel Lllp owns 2,460 shares. Marathon Trading Investment Management Ltd accumulated 0.64% or 142,700 shares.

Signature Estate & Investment Advisors Llc decreased Vanguard Index Fds (VOT) stake by 4,773 shares to 75,399 valued at $8.87M in 2017Q2. Buffington Mohr Mcneal owns 8,000 shares.

Among 3 analysts covering Aeterna Zentaris Inc. Therefore 21% are positive. It is negative, as 79 investors sold Bank of America Corp shares while 543 reduced holdings. Royal Bank Of Canada raised the price target on October 16 changing the price objective from $26.00 to $28.00 and stated a "Outperform" rating. Bank of America Corp has a 12 month low of $12.05 and a 12 month high of $25.80. The stock has "Buy" rating by Canaccord Genuity on Monday, November 9. RBC Capital Markets maintained the stock with "Hold" rating in Wednesday, October 11 report. UBS has "Neutral" rating and $20 target. Citigroup maintained the shares of NS in report on Tuesday, October 10 with "Neutral" rating. The rating was maintained by Wood on Monday, May 1 with "Hold".

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