NorthCoast Asset Management LLC Decreases Stake in Bank of America Corp (BAC)

RBC Capital Markets maintained the shares of BAC in report on Friday, October 6 with "Buy" rating. The rating was downgraded by Guggenheim on Tuesday, November 15 to "Neutral". Stock Trading Point (STP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. About 21.43 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since March 20, 2017 and is uptrending. It has outperformed by 25.89% the S&P500.

Qci Asset Management Inc decreased Bank Of America Corp (BAC) stake by 4.2% reported in 2017Q3 SEC filing. Schwerin Boyle Capital Management Inc who had been investing in Bank Of America for a number of months, seems to be bullish on the $327.48 billion market cap company. The stock is now showing negative return of -2.62% throughout last week and witnessed decreasing return of -0.71% in one month period. Finally, Diversified Trust Co boosted its holdings in shares of Bank of America by 14.5% during the fourth quarter.

Bank of America Corporation is a bank holding company and a financial holding company. It has outperformed by 41.94% the S&P500. The institutional investor held 463,256 shares of the computer manufacturing company at the end of 2017Q3, valued at $71.40M, down from 538,256 at the end of the previous reported quarter. It also increased its holding in Schein Henry Inc (NASDAQ:HSIC) by 14,625 shares in the quarter, for a total of 29,050 shares, and has risen its stake in Thermo Fisher Scientific Inc (NYSE:TMO).

Investors sentiment decreased to 1.04 in 2017 Q3. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. The Connecticut-based Gilman Hill Asset Management Llc has invested 0.43% in the stock. 42 funds opened positions while 117 raised stakes. Cibc Asset stated it has 0.17% of its portfolio in Bank of America Corporation (NYSE:BAC). Rosenblatt maintained the shares of AAPL in report on Wednesday, August 26 with "Buy" rating. Nordea Mgmt Ab holds 4,578 shares. Tanaka Cap Mgmt Inc owns 509 shares for 0.19% of their portfolio. State Of Alaska Department Of Revenue invested in 0.12% or 13,504 shares. 100,321 were reported by Royal Bank & Trust Of Canada. First Eagle Inv Management Limited Liability Com accumulated 0% or 151 shares. Glenview Bank Dept owns 27,550 shares. Legal General Gp Public Ltd Liability Com invested in 0.06% or 415,776 shares.

Fj Capital Management Llc holds 1.68% of its portfolio in Shore Bancshares, Inc. for 833,000 shares. Tnb reported 0.42% stake. On Wednesday, February 28 the insider SUWINSKI JAN sold $722,721. (NASDAQ:FB) shares were sold by Zuckerberg Mark. Fund Management Sa holds 0.63% of its portfolio in Bank of America Corporation (NYSE:BAC) for 3.46M shares. Morgan Stanley increased their price target on shares of Bank of America from $35.00 to $37.00 and gave the company an overweight rating in a report on Friday, February 2nd. The company was downgraded on Friday, August 19 by Citigroup.

WARNING: "Perkins Capital Management Inc". As per Tuesday, November 1, the company rating was initiated by Bank of America. As per Thursday, November 10, the company rating was reinitiated by Leerink Swann. ValuEngine lowered shares of Bank of America from a buy rating to a hold rating in a research note on Tuesday, January 16th. The rating was maintained by Sandler O'Neill on Tuesday, January 9 with "Buy". The rating was maintained by Wells Fargo with "Buy" on Wednesday, December 20. (NASDAQ:AAPL) has "Buy" rating given on Wednesday, July 6 by Longbow. Hanson Mcclain has invested 0.06% in Bank of America Corporation (NYSE:BAC). The company has a consensus rating of "Buy" and a consensus price target of $30.89.

KKW Beauty model defends Kim Kardashian makeup line's lack of diversity
Her skin-tone is noticeably brighter, which is most likely due to lighting, her makeup for the shoot and/or editing of the shot. Perhaps next time, Kim will take a leaf out of younger sister Kylie Jenner's book and copy her more inclusive 30 colour range.

Analysts await Waters Corporation (NYSE:WAT) to report earnings on April, 24. The fund purchased 28,800 shares of the financial services provider's stock, valued at approximately $850,000. FB's profit will be $4.07 billion for 29.06 P/E if the $1.40 EPS becomes a reality. After $1.23 actual EPS reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -5.69% negative EPS growth. The stock decreased 7.50% or $0.15 during the last trading session, reaching $1.85. Its down 0.33, from 1.08 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. As a company has 10.47B shares outstanding and its current share price is $32.07, the market cap is $334.91B.

Facebook tumbled 7% on Monday, helping to pull the tech-heavy Nasdaq 1.8% lower and S&P 500 1.4%. Doheny Asset Management who had been investing in New Sr Invt Group Inc for a number of months, seems to be less bullish one the $657.19M market cap company. Mirador Prtn LP has 13,648 shares for 0.21% of their portfolio. Terril Brothers Inc sold 12,220 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. They expect $1.40 earnings per share, up 34.62% or $0.36 from last year's $1.04 per share. The stock of Bank of America Corporation (NYSE:BAC) earned "Buy" rating by Keefe Bruyette & Woods on Tuesday, June 6. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 19, 2017 and is uptrending.

Among 6 analysts covering ACI Worldwide (NASDAQ:ACIW), 5 have Buy rating, 0 Sell and 1 Hold. The original version of this piece of content can be accessed at https://registrarjournal.com/2018/03/20/northcoast-asset-management-llc-decreases-stake-in-bank-of-america-corp-bac.html. The New Jersey-based Princeton Strategies Limited Liability Co has invested 0.47% in Bank of America Corporation (NYSE:BAC). During the same period last year, the business earned $0.40 EPS. analysts anticipate that Bank of America Corp will post 2.46 EPS for the current fiscal year.

BAC trades at a forward P/E of 11.22, a P/B of 1.38, and a P/S of 5.85, compared to a P/B of 0.59, and a P/S of 1.37 for QEP. After $0.65 actual EPS reported by Robert Half International Inc. for the previous quarter, Wall Street now forecasts 12.31% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related News:

  • Trump congratulated Putin, considered summit

    Trump congratulated Putin, considered summit

    Trump also said he and Putin might meet "in the not too distant future" to discuss the arms race and other matters. Senator John McCain chastised Trump for the congratulatory call.

    Unison Advisors LLC Buys New Stake in QUALCOMM, Inc. (QCOM)

    Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. Toronto Dominion Bank & Trust has invested 0.04% in Humana Inc. ( NYSE: QEP ) constructed a change of -5.19% and closed at $8.76.
    'Inspired' by Rahul Gandhi's Speech, Goa Congress Chief Shantaram Naik Resigns

    'Inspired' by Rahul Gandhi's Speech, Goa Congress Chief Shantaram Naik Resigns

    Rahul will also be visiting Gokarnanatheshwara Temple, Rosario church and Ullal dargah later in the day. Venugopal were among the other party leaders present at the rallies.
  • Stephen Hawking's funeral to be held at Great St Mary's Cambridge

    Stephen Hawking's funeral to be held at Great St Mary's Cambridge

    Professor Hawking passed away peacefully at his home in Cambridge in the early hours of Wednesday morning. Our father's life and work meant many things to many people, both religious and non-religious.
    Quarterly Earnings Forecast Overview: Portland General Electric Company (POR)

    Quarterly Earnings Forecast Overview: Portland General Electric Company (POR)

    It dropped, as 62 investors sold TMUS shares while 161 reduced holdings. 28 funds opened positions while 84 raised stakes. Amg National Trust Bankshares holds 0.17% or 101,238 shares. 77,302 were reported by Thompson Rubinstein Invest Mngmt Or.
    Senate blocks Yemen resolution aimed at restricting United States  military role

    Senate blocks Yemen resolution aimed at restricting United States military role

    The US military is now supporting a Saudi-led coalition fighting Houthi rebels in Yemen since 2015. Defense Secretary James Mattis traveled to the Capitol to lobby senators to block the resolution.
  • USA  should not act emotionally on trade: Chinese Premier

    USA should not act emotionally on trade: Chinese Premier

    It further says that China is still a developing country and it doesn't have a ideal system to protect intellectual property. The government aims to expand its economy by around 6.5 per cent this year, having easily surpassed the same target in 2017.
    Korea military drills to be cut short by a month

    Korea military drills to be cut short by a month

    Earlier the all-weather allies US-North Korea used to conduct such exercises in late February which lasted for around two months. Both countries said in a statement that the the "Foal Eagle and Key Resolve" drills would restart and last for four weeks.
    Zimbabwe: Mnangagwa names and shames alleged forex looters

    Zimbabwe: Mnangagwa names and shames alleged forex looters

    They will also be the first without Mugabe's name on the ballot since independence from Britain in 1980. President Mnangagwa has to be very careful because Mugabe wants to bewitch him.
  • Morris hits game-winning 3 as Celtics stun Thunder

    Morris hits game-winning 3 as Celtics stun Thunder

    Irving (knee) is expected to sit out the Celtics' upcoming four-game road trip, Brian Robb of the Boston Sports Journal reports. Steven Adams and the Oklahoma City Thunder have snatched defeat from the jaws of victory against the Boston Celtics .
    Ryan Bertrand withdraws from England squad with back complaint

    Ryan Bertrand withdraws from England squad with back complaint

    The Hammers are two points above the Saints who sit in the relegation zone with eight games remaining. I am excited by the group, I think there's good quality.
    Tesla (TSLA) Earns

    Tesla (TSLA) Earns "Hold" Rating from KeyCorp

    Institutional investors and hedge funds have recently modified their holdings of the company. 1,368 were reported by Natixis. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has "Buy" rating given on Friday, January 12 by Cowen & Co.


Most liked

Stock Can't Reverse The Downward Trend: Walmart Inc. (NYSE:WMT)
Whereas, in last 21 trading days (one month) was climbed -15.29% and slashed in last 63 trading days (quarter) of -9.97%. In those markets, Amazon increased its share from just over one-third to nearly half, the ARM Insight study reported.

Texas big man Bamba declares for draft
Bamba will elect to leave Texas for the NBA , Brian Davis of the American-Statesman reports. Bamba's length and defensive prowess have him in the conversation to be a top-five pick.

WhatsApp Co-Founder Says "It Is Time" to Delete Facebook
After leaving, he joined the Signal Foundation, a nonprofit organization that oversees the encrypted messaging app Signal. The US-based Cambridge Analytica combines data mining, data brokerage, and data analysis for the electoral process.

NBA Predictions: Will Warriors Cover Spread vs. Spurs as Underdog? 3/19/18
The 6-foot-5 guard has 385 rebounds in 1,436 minutes, surpassing Johnny Moore's total of 378 collected in 2,689 minutes. Golden State has the next three nights off, so Friday is the earliest that Curry could get back on the court.

Greig Laidlaw scores late penalty to help Scotland beat Italy
The No 10 sent a clever grubber kick beyond the defence, and full-back Matteo Minozzi beat Watson to the race to touch down. But after 44 minutes, Allan had his second try of the game, following debutant Jake Polledri's excellent break.

Spotify to launch its services in India, says CEO Daniel Ek
The setbacks of using free Spotify are the annoying advertisements and limitations to access certain features within the app. Last month, the world's largest e-commerce platform Amazon launched its Music streaming service, Amazon Music , in India.

Sensex falls 131 points for week on rising geo-politics concerns
Tata Steel and Bharti Airtel were the largest losers as they slipped 4.24 and 4.16 per cent, respectively. Sensex has lost more than 800 points in the last two sessions.

United Kingdom officials seeking warrant to access Cambridge Analytica servers
The company, Cambridge Analytica , has been accused of improperly using information from more than 50 million Facebook accounts. The company allegedly used data mined from Facebook to help Donald Trump win the 2016 presidential election.

'Mental health issues' force James Packer to stand down from Crown Resorts
Crown shares were down 0.9 per cent at A$12.96 at 11:28am, valuing the Melbourne-based company at A$8.9 billion (S$9.03 billion). Crown stock fell as much as as 1.7 per cent in Sydney trading on Wednesday.

Richard Sherman gives behind-the-scenes look into 49ers decision
That obviously puts a fire under them, it makes them more accountable for their actions because more players will do this". There was no negotiation. "They didn't know when they were going to do it, but it would be soon, they said".

Google removes 'View Image' and 'Search by Image' functions from Google Images
Of course, there are workarounds: Chrome users can right click "Open Image in New Tab" to bring up a picture in a separate window. They wanted to stop users from taking an image altogether or driving them through to the website where the image is found.

Chiellini misses Italy games, doubtful for Juve-Real quarter
It was initially feared that he would miss the first leg of the Champions League Quarter-Final, but the Bianconeri have offered reassurances today.

How league Will Fix Controversial Catch Rule, Replay System
Vincent said the decision was based on previous controversial calls using what might be called reverse engineering. "We worked backward.

Tuesday forecast: chance for afternoon showers, high 61
Thursday night , the low will be around 48 with mostly cloudy skies, according to the weather service. The forecast for the weekend calls for mostly sunny skies with highs in the 50s and 60s.

Police officer Mohamed Noor charged over shooting death of Justine Damond
Police union chief Bob Kroll said at the time that more than 30 officers had been subpoenaed. "That is the expectation", he said. The message told the police dispatcher the officers had completed their investigation , were safe and needed no assistance.