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Barings LLC Sells 19800 Shares of Bank of America Corp (NYSE:BAC)

22 February 2018

Bank of America declared that its Board of Directors has approved a share buyback program on Tuesday, December 5th that authorizes the company to repurchase $5.00 billion in shares. The stock increased 2.64% or $0.061 during the last trading session, reaching $2.371. About 72.13M shares traded.

Bank of America Corporation (BAC) now trades with a market capitalization of $330.94 Billion. It has outperformed by 41.94% the S&P500.

Ameritas Investment Partners Inc increased its stake in Knight Transn Inc (KNX) by 312.99% based on its latest 2017Q3 regulatory filing with the SEC. Oz Management Lp who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $328.37B market cap company. Moreover, Livingston Group Asset Management Co (Operating As Southport Capital Management) has 0.65% invested in the company for 133,675 shares. The Manufacturers Life Insurance Company now owns 44,136,977 shares of the financial services provider's stock worth $1,070,762,000 after purchasing an additional 9,612,342 shares during the period.

Sirios Capital Management LP increased Union Pac Corp (NYSE:UNP) stake by 102,148 shares to 485,652 valued at $56.32M in 2017Q3. The Home Depot, Inc. (DNP) has risen 9.00% since February 21, 2017 and is uptrending. It has outperformed by 10.36% the S&P500. Winslow Evans Crocker Inc holds 0.12% in Bank of America Corporation (NYSE:BAC) or 14,730 shares. Therefore 79% are positive. Instinet lowered their price target on Bank of America from $37.00 to $30.00 in a report on Wednesday, January 3rd. Citigroup maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, July 19. As per Wednesday, January 24, the company rating was maintained by Stephens.

Several equities research analysts recently commented on BAC shares. By looking at the Volatility of the company, Week Volatility is at 1.87%, whereas Month Volatility stands at 2.27%. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Friday, July 7. Wood downgraded the stock to "Underperform" rating in Friday, April 29 report. The firm has "Neutral" rating by UBS given on Wednesday, August 26. Seaport Global maintained the shares of KNX in report on Wednesday, January 31 with "Buy" rating. Brandywine Global Mngmt Ltd Liability Co reported 1.81% of its portfolio in Bank of America Corporation (NYSE:BAC). As per Friday, April 7, the company rating was maintained by Wood.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 720,000 are held by Gabelli Funds Ltd Liability Company. Bedell Frazier Counseling Limited Company reported 5.16% stake. Hudson Bay Mgmt Ltd Partnership accumulated 615,589 shares. Benjamin F Edwards And Com has 0.1% invested in Bank of America Corporation (NYSE:BAC). Hershey Co Com (NYSE:HSY) was raised too. Quinn Opportunity Prns Llc has 1.64% invested in Bank of America Corporation (NYSE:BAC) for 411,500 shares. Credit Suisse Ag holds 58,440 shares or 0% of its portfolio. Montag A Assoc invested in 245,248 shares or 0.67% of the stock.

Bank of America Corporation (BAC) ended its last session at $31.93 by Declining -0.13%. They expect $0.18 earnings per share, up 63.64% or $0.07 from last year's $0.11 per share. BAC's profit will be $6.07 billion for 13.67 P/E if the $0.59 EPS becomes a reality. The institutional investor held 77,777 shares of the major banks company at the end of 2017Q3, valued at $1.97 million, up from 32,658 at the end of the previous reported quarter.

Investors sentiment decreased to 1 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It worsened, as 91 investors sold MO shares while 516 reduced holdings. Blume Cap Mgmt reported 32,561 shares. (NYSE:MO). Lbmc Investment Advisors Ltd Limited Liability Company has invested 0.07% in Altria Group, Inc. (NYSE:HD) for 18,215 shares. Baker Boyer Bancorp holds 8,382 shares. V3 Cap Mngmt L P holds 3.87% or 448,818 shares in its portfolio. Meeder Asset Mngmt reported 0.08% in Apartment Investment and Management Company (NYSE:AIV). Jolley Asset Management Limited Com has invested 0.09% in Altria Group, Inc. First Allied Advisory Services has invested 0.15% of its portfolio in The Home Depot, Inc. The Return on Equity (ROE) and Return on Investment values are 0 percent and 4.4 percent respectively. Cincinnati Casualty reported 93,000 shares. (NYSE:HD). Lehman Financial Resources stated it has 1,475 shares or 0.12% of all its holdings. Secor Cap Advisors L P reported 129,977 shares. Mcdaniel Terry And stated it has 0.05% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 47,158 shares. Aviva Plc sold 282,279 shares as Deutsche Bank Ag (DB)'s stock rose 9.91%.

Analysts await Health Insurance Innovations, Inc. Therefore 48% are positive. WSFS Financial had 11 analyst reports since July 29, 2015 according to SRatingsIntel. Northland Capital maintained Health Insurance Innovations, Inc. (NYSE:MO) was sold by DEVITRE DINYAR S on Thursday, September 21. The firm has "Buy" rating given on Tuesday, July 18 by RBC Capital Markets. BidaskClub upgraded shares of Bank of America from a "buy" rating to a "strong-buy" rating in a research note on Monday, October 23rd. The stock has "Outperform" rating by Cowen & Co on Friday, December 18. The firm has "Buy" rating given on Monday, October 10 by Jefferies. ValuEngine cut shares of Bank of America from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. The stock of The Home Depot, Inc. The market capitalization of the company is $323.53 Billion. Oppenheimer maintained the stock with "Buy" rating in Tuesday, August 15 report.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $52,974 activity.

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