Big Money Sentiment Indicator of Bank Of America Corp (NYSE:BAC) Improves in Q4 2017 to 1.19

May 16, 2018 - By Susanne Funderburg

Bank of America Corporation (NYSE:BAC) Corporate Logo

Bank Of America Corp’s Sentiment

“Big money sentiment for Bank Of America Corp (NYSE:BAC) in 2017 Q4 increased to 1.19, revealed SEC filings. That’s up 0.15, from 2017Q3’s 1.04. 747 hedge funds increased or started new stock positions, while 627 sold and trimmed stock positions in Bank Of America Corp so the sentiment is more positive. These funds own 6.85 billion shares, that’s down from 6.91 billion shares in 2017Q3. Funds holding Bank Of America Corp in top 10 changed to 233 from 202 for an increase of 31. 66 Investors Sold All; 561 Reduced Holdings; 585 increased holdings while 162 hedge funds bought holdings.

Most Bank Of America Corp Shareholders

As of 2017 Q4 Daily Journal Corp has 39.31% invested in Bank Of America Corp. Bank Of America Corp’s shareholder Toscafund Asset Management Llp owns 1.35 million shares as of 2017 Q4. Theleme Partners Llp reported 13.32 million shares. The New York-based fund Salzhauer Michael have invested about 17.67% of the active investment manager’s stock portfolio in Bank Of America Corp. The Bahamas-based fund First Trust Bank Ltd. holds 210,721 shares or 16.73% of their US long stock exposure.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide.The company has $315.03 billion market cap. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.The P/E ratio is 19.93. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

The stock decreased 0.48% or $0.15 during the last trading session, touching $31.07.Currently Bank of America Corporation is uptrending after 28.18% change in last May 16, 2017. BAC has also 35.58M shares volume. BAC outperformed by 16.63% the S&P500.

Bank of America Corporation (NYSE:BAC)’s quarterly earnings will be published on July, 17., RTT reports. Last year’s earnings per share was $0.46, while now analysts expect change of 39.13 % up from current $0.64 earnings per share. This could be $6.49 billion profit for BAC assuming the current $0.64 earnings per share will become reality. Last quarter $0.62 earnings per share was reported. Analysts predicts 3.23 % EPS growth this quarter.

Denver Invest Advsr Limited Com reported 12,708 shs. California-based Lourd Capital Ltd Liability Corporation has invested 8.88% in Bank of America Corporation (NYSE:BAC). Wexford Cap Limited Partnership reported 0.75% of its capital in Bank of America Corporation (NYSE:BAC). Neuberger Berman Group Lc owns 2.21M shs for 0.08% of their capital. Tru Co Of Vermont owns 41,300 shs. Channing Cap Llc owns 198,390 shs or 0.2% of their US capital. Forbes J M & Company Limited Liability Partnership invested in 1.87% or 274,818 shs. Alpine Woods Cap Limited Liability Corporation holds 1.26M shs. Rowland & Inv Counsel Adv holds 0.06% or 4,876 shs. Prudential Public Limited Co holds 15.37M shs. Parametric Port Assocs Lc has 0.82% invested in Bank of America Corporation (NYSE:BAC) for 27.75M shs. Sawgrass Asset Mgmt Limited Liability invested in 32,734 shs or 0.04% of the stock. 79,600 are held by Eagleclaw Capital Managment Ltd. L & S Advsrs Incorporated, California-based fund reported 262,183 shs. Tci Wealth reported 17,134 shs or 0.22% of all its holdings.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

In total 16 analysts cover Bank of America (NYSE:BAC). “Buy” rating has 11, “Sell” are 0, while 5 are “Hold”. (NYSE:BAC) has 69% bullish analysts. 20 are the (NYSE:BAC)’s ratings reports on 16 May 2018 according to StockzIntelligence Inc. On Tuesday, January 9 the company was downgraded by Societe Generale. On Wednesday, April 4 Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating. Keefe Bruyette & Woods has “Buy” rating and $3500 target. The stock rating was maintained by Sandler O’Neill with “Buy” on Friday, January 19. On Tuesday, December 5 the stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Raymond James. On Wednesday, January 17 the stock has “Hold” rating by BMO Capital Markets. The stock rating was maintained by Wells Fargo with “Buy” on Wednesday, December 20. In Tuesday, January 9 report Sandler O’Neill maintained the stock with “Buy” rating. On Monday, March 26 the stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given by Oppenheimer. On Monday, April 16 Vining Sparks initiated the shares of BAC in report with “Buy” rating. On Tuesday, April 24 the company was maintained by Citigroup.

For more Bank of America Corporation (NYSE:BAC) news announced briefly go to: Themiddlemarket.com, Seekingalpha.com, Benzinga.com, Themiddlemarket.com or Seekingalpha.com. The titles are as follows: “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood Partners” announced on May 16, 2018, “Bank Of America: Time To Sell?” on May 08, 2018, “Warren Buffett Pushing More Cash To Equities; ‘Big 5’ Stocks Still At The Top” with a publish date: May 16, 2018, “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood, Chicago Pacific Founders” and the last “Bank Of America: Into The Home Straight?” with publication date: April 23, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Investors Chart

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