Bank of America Corp (BAC) Stake Lifted by Cliftonlarsonallen Wealth Advisors LLC

Mae Love
January 13, 2018

The institutional investor held 93,960 shares of the major banks company at the end of 2017Q3, valued at $15.13 million, up from 91,802 at the end of the previous reported quarter. The stock increased 1.23% or $0.93 during the last trading session, reaching $76.49.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Masslive.com which released: "Bank of America closing branches in South Hadley, Easthampton" on December 26, 2017, also Investorplace.com with their article: "Bank of America Corp Is Red Hot, But Don't Get Burnt!" published on January 03, 2018, Benzinga.com published: "Bank Of America, FedEx, Lowe's: "Fast Money" Picks For January 10" on January 10, 2018.

Cortland Advisers Llc decreased Bank Of America Corp (BAC) stake by 2.75% reported in 2017Q3 SEC filing.

Societe Generale lowered shares of Bank of America (NYSE:BAC) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Marketbeat reports. Vanguard Group Inc. grew its holdings in shares of Bank of America by 1.4% during the 2nd quarter. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services.

The stock decreased 2.50% or $0.01 during the last trading session, reaching $0.39. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 12, 2017 and is uptrending. It has outperformed by 18.90% the S&P500. Moreover, Toronto Dominion Bancorporation has 0.02% invested in CMS Energy Corporation (NYSE:CMS) for 106,908 shares. Its up 0.19, from 0.9 in 2017Q2. Veltmaat Hans Bernd sold $49,892 worth of stock or 750 shares. 63 funds opened positions while 159 raised stakes. The investment professionals in our database reported: 227,131 shares, down from 241,034 shares in 2017Q2. Andra Ap invested in 0.22% or 377,300 shares. New York State Teachers Retirement reported 0.11% stake. South Dakota Investment Council stated it has 0.02% of its portfolio in AGCO Corporation (NYSE:AGCO). Finally, Legacy Advisors LLC acquired a new stake in shares of Bank of America in the third quarter valued at $115,000. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.90. Vanguard Group Inc. now owns 661,494,339 shares of the financial services provider's stock worth $16,047,853,000 after acquiring an additional 9,117,007 shares during the last quarter. Jw Asset Management Llc owns 55,000 shares for 6.08% of their portfolio. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/01/12/bank-of-america-corp-bac-shares-sold-by-barometer-capital-management-inc.html. Luxor Capital Grp Incorporated Limited Partnership holds 0.68% or 67,284 shares. Amp Cap Invsts reported 79,181 shares or 0.07% of all its holdings. Barometer Capital Management owns 1.25% invested in Bank of America Corporation (NYSE:BAC) for 508,400 shares. 127,959 were reported by Institute For Wealth Mgmt Limited Co. Evercore Wealth Management Ltd Liability accumulated 32,574 shares. Df Dent has invested 0.02% in M&T Bank Corporation (NYSE:MTB).

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Comparing the number of shares sold short to the float is a method analysts often use to get a reading on investor sentiment. The funds in our partner's database now own: 271.74 million shares, down from 278.62 million shares in 2017Q2.

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Among 6 analysts covering Redfin (NASDAQ:RDFN), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 40% are positive. Facebook had 216 analyst reports since July 21, 2015 according to SRatingsIntel. Bank Amer Corp (Put) now has $324.08 billion valuation. As per Tuesday, October 27, the company rating was initiated by Credit Suisse. On Friday, October 13 the stock rating was maintained by RBC Capital Markets with "Buy". The stock has "Buy" rating by Jefferies on Wednesday, August 30. On Monday, April 24 the stock rating was downgraded by Berenberg to "Hold". Sandler O'Neill maintained the shares of BAC in report on Tuesday, January 9 with "Buy" rating. RBC Capital Markets maintained the stock with "Hold" rating in Sunday, October 15 report. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Thursday, December 21. Shares for $2.10M were sold by BRAMBLE FRANK P on Thursday, August 10. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell). Siddique Sabeth had sold 950 shares worth $139,812 on Tuesday, September 12. Its up 17.79% from 3.90M shares previously. (NASDAQ:WHF) to report earnings on March, 1.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity.

Short interest is another tool that analysts use to gauge investor sentiment. Shareholders of record on Friday, December 1st were issued a $0.12 dividend. It worsened, as 68 investors sold BAC shares while 569 reduced holdings.

Several other hedge funds have also recently made changes to their positions in BAC. 74,363 are held by Macguire Cheswick Tuttle Inv Counsel Lc. Redwood Ltd Limited Liability Company invested in 2.23% or 114,371 shares. Oxbow Lc reported 61,348 shares or 0.3% of all its holdings.

Ativo Capital Management Llc holds 0.35% of its portfolio in WhiteHorse Finance, Inc. for 87,379 shares. 64,224 were accumulated by Pacific Alternative Asset Management Company Limited Company. Bank of America makes up 1.2% of APG Asset Management N.V.'s portfolio, making the stock its 7th largest position. Wg Shaheen & Associates Dba Whitney & stated it has 0.24% in Bank of America Corporation (NYSE:BAC). Thrivent Fin For Lutherans reported 0.74% stake. Chicago Partners Investment Group LLC raised its holdings in shares of Bank of America by 11.0% in the 2nd quarter. Texas-based Scott And Selber Incorporated has invested 1.94% in Bank of America Corporation (NYSE:BAC). One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Therefore 66% are positive. Bank of America Corporation has P/S value of 5.75 while its P/B value stands at 1.25. On Monday, October 9 the stock rating was maintained by Citigroup with "Neutral". Bernstein has "Mkt Perform" rating and $19.0 target. After $0.48 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17 % negative EPS growth. (NASDAQ:FB) has "Buy" rating given on Thursday, April 28 by Nomura. The rating was upgraded by Robert W. Baird to "Neutral" on Tuesday, August 25. The rating was upgraded by Wells Fargo to "Outperform" on Thursday, September 10.

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