Bank of America Corp (BAC) Stake Decreased by Pzena Investment Management LLC
Bank of America Corp (BAC) Stake Decreased by Pzena Investment Management LLC
13 January, 2018, 08:17
The hedge fund run by Crispin Odey held 1.53 million shares of the major banks company at the end of 2017Q3, valued at $38.78M, up from 1.36M at the end of the previous reported quarter. Bank Amer Corp now has $318.66B valuation. The stock decreased 0.10% or $0.03 during the last trading session, reaching $30.52. The Sather Financial Group Inc holds 448,281 shares with $11.36M value, down from 464,469 last quarter. TELUS Corporation (NYSE:TU) has risen 9.57% since January 11, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.
Laffer Investments decreased Applied Materials Inc (AMAT) stake by 6.67% reported in 2017Q3 SEC filing. Farmers & Merchants Investments Inc.'s holdings in Bank of America were worth $6,437,000 as of its most recent SEC filing. Swiss National Bank & Trust holds 86,350 shares. Howard Bancorp Inc now has $221.82 million valuation. Bank of America Corporation has had 4 insider trades in the last 3 months, including 1 open market buys and 3 sells. Deutsche Bank restated a "hold" rating and issued a $25.00 price target (up from $23.00) on shares of Bank of America in a research note on Tuesday, September 26th. It is down 58.64% since January 11, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.
Zweig-Dimenna Associates Llc, which manages about $1.59 billion and $1.12 billion US Long portfolio, upped its stake in Restaurant Brands Intl Inc by 194,000 shares to 211,856 shares, valued at $13.53 million in 2017Q3, according to the filing. Northwestern Mutual Wealth owns 299,941 shares. It also increased its holding in Netflix Inc (NASDAQ:NFLX) by 100,509 shares in the quarter, for a total of 410,262 shares, and has risen its stake in Lam Research Corp (NASDAQ:LRCX).
Since August 10, 2017, it had 0 insider buys, and 1 sale for $2.10 million activity. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth. Therefore 66% are positive. NC grew its stake in Bank of America by 15.6% in the 4th quarter. Keefe Bruyette & Woods has "Buy" rating and $36.0 target. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Ares Capital Corporation (NASDAQ:ARCC) has "Buy" rating given on Tuesday, August 15 by Jefferies. On Friday, January 29 the stock rating was upgraded by CLSA to "Outperform". Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Tuesday, October 3 with "Buy" rating. The firm earned "Hold" rating on Monday, April 24 by Berenberg. The rating was downgraded by Robert W. Baird to "Neutral" on Wednesday, November 16. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. The news release, supplemental filing and investor presentation can be accessed in the following ways: Investor Conference Call Information For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). This represents a $0.48 annualized dividend and a yield of 1.57%. It fall, as 68 investors sold BAC shares while 569 reduced holdings. The correct version of this report can be viewed at https://weekherald.com/2018/01/11/bank-of-america-corp-bac-stake-raised-by-farmers-merchants-investments-inc.html. Adams Diversified Equity Fund owns 1.37 million shares for 1.89% of their portfolio. Cohen Klingenstein Lc has invested 0.71% of its portfolio in Bank of America Corporation (NYSE:BAC). Wg Shaheen Dba Whitney reported 28,983 shares. Mount Vernon Md stated it has 88,304 shares. Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
Investors sentiment is 0.88 in Q3 2017. Janney Montgomery Scott Limited Liability Corp invested in 0.46% or 1.59 million shares. Stieven Advsr Limited Partnership reported 432,204 shares stake. California State Teachers Retirement Sys owns 16,534 shares for 0% of their portfolio. Panagora Asset has invested 1.55% in Bank of America Corporation (NYSE:BAC). Nationwide Fund holds 39,828 shares. (NASDAQ:HBMD). Barclays Public Ltd reported 0% in Howard Bancorp, Inc. Signature Fincl has 0.17% invested in Bank of America Corporation (NYSE:BAC) for 27,342 shares.
Analysts await NetEase, Inc.
Analysts expect Kornit Digital Ltd. (NASDAQ:KRNT) to report $0.02 EPS on February, 13.They anticipate $0.11 EPS change or 84.62% from last quarter's $0.13 EPS. BAC's profit will be $4.80B for 16.63 P/E if the $0.46 EPS becomes a reality. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts predict that Bank of America will post 1.79 EPS for the current fiscal year. Therefore 74% are positive. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, June 14. The firm has "Buy" rating given on Tuesday, January 9 by Sandler O'Neill. The firm has "Buy" rating by CFRA given on Thursday, October 12. (NASDAQ:AMAT) on Friday, May 20 to "Buy" rating. The company was maintained on Friday, October 6 by BMO Capital Markets. RBC Capital Markets maintained the shares of ARCC in report on Thursday, August 3 with "Hold" rating. The stock of Applied Materials, Inc. As per Thursday, August 10, the company rating was downgraded by Raymond James. Citigroup maintained the shares of ACC in report on Friday, October 27 with "Neutral" rating. (NYSE:RSG) for 1.21M shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Janus Capital was raised too.
Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.05, from 2.33 in 2017Q2. It improved, as 23 investors sold ACC shares while 87 reduced holdings. 123 funds opened positions while 263 raised stakes. Mitchell Mcleod Pugh Williams stated it has 29,319 shares or 0.55% of all its holdings. Westwood Il, Illinois-based fund reported 55,000 shares. Sandy Spring Savings Bank has invested 0% in Howard Bancorp, Inc. Ameritas Inv Prns Inc reported 907 shares.
Bronson Point Management Llc increased Colgate Palmolive Co (NYSE:CL) stake by 50,000 shares to 72,500 valued at $5.28M in 2017Q3. Mckinley Cap Limited Liability Company Delaware reported 1.76M shares or 1.83% of all its holdings. Appleton Partners Ma holds 44,000 shares.
Ameritas Investment Partners Inc. raised its stake in Cypress Semiconductor Corporation by 95.9% in the third quarter. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets.
BidaskClub upgraded Alibaba Group from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 12th. While taking a look at financials, we can look at a number of key indicators about Alibaba Group Holding Limited (BABA ) .
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Finally, Franklin Resources Inc. purchased a new position in Interpublic Group of Companies in the second quarter worth $205,000. In related news, Director H John Greeniaus sold 43,479 shares of the firm's stock in a transaction on Friday, November 10th.
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The stock has a market capitalization of $1,580.00, a price-to-earnings ratio of 10.05, a PEG ratio of 2.01 and a beta of 0.87. ValuEngine downgraded Golar LNG Partners from a "buy" rating to a "hold" rating in a research note on Sunday, December 31st.
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