Bank of America (BAC) Getting Somewhat Favorable Press Coverage, Study Finds

The hedge fund run by Stephen J. Errico held 682,509 shares of the major banks company at the end of 2017Q3, valued at $17.30M, up from 522,480 at the end of the previous reported quarter. The Ohio-based Gratry And Limited Liability Corp has invested 0.26% in Bank of America Corporation (NYSE:BAC). Burt Wealth Advisors now owns 4,401 shares of the financial services provider's stock worth $112,000 after acquiring an additional 4,294 shares during the period. The stock traded with the average Volume of 77.33 Million at the end of last session. Greenwich Wealth Mgmt Ltd Liability Corporation stated it has 0.58% of its portfolio in Bank of America Corporation (NYSE:BAC). It has outperformed by 41.94% the S&P500.

Bruni J V & Company increased its stake in Hanesbrands Inc (HBI) by 14.49% based on its latest 2017Q3 regulatory filing with the SEC. Stevens Capital Management Lp who had been investing in Chemed Corp New for a number of months, seems to be bullish on the $4.12B market cap company. The stock decreased 0.19% or $0.06 during the last trading session, reaching $31.87. About 15,554 shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 22, 2017 and is uptrending. It has outperformed by 1.08% the S&P500. Therefore 40% are positive. ValuEngine cut Bank of America from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. The firm has "Neutral" rating by UBS given on Monday, October 16. Societe Generale lowered Bank of America from a buy rating to a hold rating in a research report on Tuesday, January 9th.

Elkhorn Partners Limited Partnership holds 0.14% of its portfolio in TrovaGene, Inc. for 290,000 shares. Robert W. Baird maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, January 2. Sandler O'Neill maintained it with "Buy" rating and $34.0 target in Tuesday, January 9 report. The stock has "Outperform" rating by Macquarie Research on Thursday, February 16. Janus Henderson Group PLC now owns 13,598,678 shares of the financial services provider's stock valued at $329,911,000 after buying an additional 11,619,173 shares during the last quarter. The company was downgraded on Monday, October 19 by Argus Research. The firm has "Buy" rating by Bernstein given on Tuesday, September 1. Oppenheimer maintained the stock with "Outperform" rating in Saturday, September 5 report. Bank of America Corporation (BAC) has the market capitalization of 330.94 Billion. They expect $0.59 earnings per share, up 43.90 % or $0.18 from last year's $0.41 per share. BAC's profit will be $6.07B for 13.58 P/E if the $0.59 EPS becomes a reality. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.03.

Jane Street Group Llc, which manages about $30.93B US Long portfolio, upped its stake in Bhp Billiton Ltd (Put) (NYSE:BHP) by 7,700 shares to 13,500 shares, valued at $547,000 in 2017Q3, according to the filing. Envestnet Asset Management Inc. grew its holdings in shares of Bank of America by 8.6% in the fourth quarter.

Investors sentiment decreased to 1.04 in Q3 2017. This represents a $0.48 annualized dividend and a yield of 1.50%. It increased, as 29 investors sold AES shares while 132 reduced holdings.

More news: Gov. Scott announces plan on school safety
More news: Gates pleads guilty to two criminal charges
More news: What channel is the Syracuse basketball game on? (at Duke)

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Schulhoff Communications owns 48,379 shares. South State Corporation stated it has 380,927 shares. Lazard Asset Lc invested in 0.03% or 101,601 shares. National Investment Services Inc Wi holds 73,267 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 last quarter. Graybill Bartz And Associates Limited accumulated 125,507 shares. This nets out to an increase of 5.26 million shares and is a bullish sign for BAC. Strs Ohio reported 8.40M shares or 0.91% of all its holdings. First Tru Advisors Limited Partnership reported 28,835 shares. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Friday, October 6. Schroder Invest Mngmt Grp Inc reported 1.09M shares.

Since January 31, 2018, it had 1 insider buy, and 0 selling transactions for $99,659 activity. Credit Suisse upgraded the stock to "Buy" rating in Wednesday, December 20 report. (NYSE:HRC) or 6,870 shares. (NYSE:HRC) was sold by Johnson Paul Sherwood.

Short interest is another tool that analysts use to gauge investor sentiment. Its the same as in 2017Q2. (NYSE:HRC). Qs Invsts Limited Liability Com reported 0% in Hill-Rom Holdings, Inc. Utd Automobile Association has invested 0.67% in Bank of America Corporation (NYSE:BAC). The New York-based Berson & Corrado Investment Advisors Llc has invested 0.01% in the stock. St Johns Mngmt Ltd Company accumulated 105,721 shares. Trustmark Bankshares Trust Department holds 193,811 shares. Castine Capital Management Ltd Company owns 235,789 shares for 1.99% of their portfolio. Private Asset Mgmt holds 3.35% in Bank of America Corporation (NYSE:BAC) or 20,770 shares. State Of Alaska Department Of Revenue has 0.03% invested in Biogen Inc. The lower end of the projection is $0.52 per share, while the higher end is $0.63 per share. 595 were accumulated by Tci Wealth Advisors. Leading up to this report, we have seen a -0.22% fall in the stock price over the last 30 days and a 19.72% increase over the past 3 months. Jacobs Levy Equity Management holds 10,461 shares. Bartlett Commerce Ltd Liability Corp stated it has 694 shares.

Analysts await Biogen Inc. (NYSE:HRC) to report earnings on April, 27. During the same period in the previous year, the company posted $0.40 EPS. It has a 15.53 P/E ratio. After $0.24 actual earnings per share reported by The AES Corporation for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Echostar Corporation-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.

Recommended News

  • Jeremy Stephens stops Josh Emmett after controversial strikes

    Jeremy Stephens stops Josh Emmett after controversial strikes

    Andrade's only loss in the weight came against former champion Joanna Jedrzejczyk in a five-round title fight last May. Perry, who has recorded a knockout in all of his 11 professional wins, suffered his second consecutive loss.
    Degas painting missing for 9 years found outside Paris

    Degas painting missing for 9 years found outside Paris

    An investigation was launched, but eight years went by and the 1877 painting - worth an estimated $1 million - wasn't seen again. All were recovered, including Degas' "Count Lepic and his Daughters", which was retrieved with slight damage in 2012.
    [PyeongChang 2018] S. Korean ice dancers start raising funds for Beijing Olympics

    [PyeongChang 2018] S. Korean ice dancers start raising funds for Beijing Olympics

    Noh had the longest journey to PyeongChang, which also led the public to express sympathy regarding the race on the previous day. Top that game face off with her aesthetically superior eyewear, and she has officially rolled forward to become a fan favorite.
  • Jaitley criticised regulators for failing to detec PNB fraud

    Jaitley criticised regulators for failing to detec PNB fraud

    With increase in instances of willful defaulters gaming the banking system, Jaitley said the non-performing assets were a result of both business failure and diversion of funds by companies.

    Former Trump campaign manager charged for paying former European politicians

    In court filings over the past few months, Gates gradually began to show the strain the case was placing on him and his family. Gates' plea poses the biggest immediate risk to Manafort, who was also the former's longtime business partner.
    Liquor store robbed in Jeffersonville

    Liquor store robbed in Jeffersonville

    He then tries to wrestle Tina's gun away from her, and manages to pistol whip her before successfully getting it out of her hand. The suspect eventually takes the gun from Mrs Ring and appears to pistol-whip her in the head, knocking her to the ground.
  • Businesses Are Fleeing The NRA In Wake Of Parkland School Shooting

    Businesses Are Fleeing The NRA In Wake Of Parkland School Shooting

    The bank and vehicle rental company were used by the NRA to promote its membership through discounts and bonus deals. The measures come after 17 people were shot dead by a lone gunman at a high school in Florida this week.
    Zurich Shooting Leaves At Least Two People Dead

    Zurich Shooting Leaves At Least Two People Dead

    Images in the Swiss media showed two bodies on the pavement, with what appeared to be a pistol close to the hand of one of them. No further details were provided, though the police assured that there was no danger to the public.

    The LaSalle Hotel Properties (LHO) Issues Earnings Results, Hits Expectations

    It is negative, as 53 investors sold ALB shares while 158 reduced holdings. 31 funds opened positions while 81 raised stakes. The company has market cap of $2.86 billion. 1832 Asset Mngmt Lp stated it has 120,794 shares or 0.01% of all its holdings.
  • Taliban Kills at Least 18 Afghani Soldiers during Assault on Military Base

    Taliban Kills at Least 18 Afghani Soldiers during Assault on Military Base

    The Taliban, fighting to drive out foreign troops and re-establish their form of strict Islamic law, claimed responsibility. The Taliban then launched a militancy, targeting foreign and Afghan forces as well as civilians.
    Black Panther breaks another box-office record - outpaces Star Wars: The Last Jedi

    Black Panther breaks another box-office record - outpaces Star Wars: The Last Jedi

    The characters in Black Panther have some incredible writing behind them that is only highlighted by the uber-talented cast. It is such a refreshing sight as supposed to the overdone damsel in distress or pretty girl in the background role.
    Korea's Choi Da-bin finishes 7th at ladies' singles figure skating

    Korea's Choi Da-bin finishes 7th at ladies' singles figure skating

    This year's games will officially end with the closing ceremonies, which will be held on February 25. Germany won gold, and Canada bronze. "Having the strength for that takes a lot of macho", Horn said.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.