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.

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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.

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