Bank of America Corp (BAC) Position Lifted by ETRADE Capital Management LLC

High Pointe Capital Management Raised Its Bristol (BMY) Position; Capital Advisors Lowered Its Bank Amer (BAC ...

Today KBW Maintains a Buy Rating on Bank of America (NYSE:BAC) and a $29.0 Target Price

Legal & General Group Plc now owns 50,797,049 shares of the financial services provider's stock valued at $1,232,414,000 after acquiring an additional 1,007,405 shares in the last quarter. About 80.50M shares traded or 18.19% up from the average. Amica Mutual Insurance Company has 0.69% invested in Bank of America Corporation (NYSE:BAC). It has outperformed by 41.94% the S&P500.

Hamlin Capital Management Llc increased Federated Invs Inc Pa (FII) stake by 3.67% reported in 2017Q2 SEC filing. Hightower Advsrs Limited Liability accumulated 0.34% or 1.63M shares. Whirlpool Corp now has $12.19 billion valuation. The stock increased 2.65% or $2.22 during the last trading session, reaching $86.

Among new and sold out positions, 106 holders initiated new positions by a total of 760.91 million shares and 75 holders exited their positions by a total of 31.84 million shares. Whirlpool Corporation (NYSE:WHR) has risen 6.81% since December 4, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Therefore 67% are positive. Morgan Stanley reaffirmed an "overweight" rating and issued a $30.00 target price (up from $28.00) on shares of Bank of America in a report on Thursday. The firm has "Overweight" rating given on Wednesday, November 1 by JP Morgan.

Now that you have insight into the fundamentals of Bank of America Corporation, begin taking a look at the technical patterns of the stock chart. The stock of Deere & Company (NYSE:DE) has "Hold" rating given on Tuesday, August 25 by Jefferies. The stock has "Market Perform" rating by BMO Capital Markets on Monday, October 16. The firm earned "Outperform" rating on Friday, January 22 by RBC Capital Markets. On Wednesday, January 20 the stock rating was maintained by RBC Capital Markets with "Outperform".

Investors sentiment decreased to 1.12 in Q2 2017. It dived, as 79 investors sold BAC shares while 543 reduced holdings.

Several other institutional investors and hedge funds have also made changes to their positions in BAC. The Connecticut-based Bronson Point Mngmt Ltd Liability has invested 1.62% in Bank of America Corporation (NYSE:BAC). Deutsche Bank Ag invested 0.47% in Bank of America Corporation (NYSE:BAC). Tegean Cap Management Ltd holds 6.65% or 500,000 shares.

Bank of America Corporation is a bank holding company and a financial holding company. The High Pointe Capital Management Llc holds 26,700 shares with $1.49M value, up from 15,310 last quarter. Moreover, South State has 1.18% invested in Bank of America Corporation (NYSE:BAC) for 378,041 shares. Us National Bank & Trust De holds 5.63 million shares. Rowland Commerce Counsel Adv, Georgia-based fund reported 5,146 shares. Instituational ownership is important too, as it can indicate larger banks have confidence in the company. Washington Mgmt Incorporated has 141,715 shares for 3.87% of their portfolio. Garrison Financial accumulated 0.35% or 15,873 shares.

Burt Wealth Advisors increased Ishare Edge Msci Min Vol (EFAV) stake by 42,941 shares to 425,027 valued at $29.43M in 2017Q2. Beck Capital Management Ltd Liability Corporation owns 134,567 shares for 1.58% of their portfolio. Profund Advisors Limited Liability Corporation holds 0.01% of its portfolio in Federated Investors, Inc.

A number of research analysts have recently issued reports on BAC shares. They expect $1.25 EPS, up 26.26% or $0.26 from last year's $0.99 per share. BAC's profit will be $4.90B for 14.95 P/E if the $0.47 EPS becomes a reality. After $0.48 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Investors sentiment decreased to 0.88 in Q2 2017. Its up 0.18, from 0.97 in 2017Q1. 123 funds opened positions while 686 raised stakes. Arbor Investment Advisors LLC lifted its stake in shares of Bank of America by 0.3% in the second quarter. Parametric Portfolio Associate Ltd Co has invested 0.05% of its portfolio in Comerica Incorporated (NYSE:CMA). First Quadrant LP Ca stated it has 1.05M shares or 0.51% of all its holdings. Patten Inc holds 0.08% or 7,553 shares. Willingdon Wealth Management invested in 0.17% or 17,310 shares. The company has a market capitalization of $303,110.00, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.31. Brown Advisory Inc holds 3,550 shares. Aperio Group Lc has 38,327 shares for 0.05% of their portfolio. Mason Street Advsr Llc reported 0.13% stake. First Dallas Secs reported 4,650 shares stake. Pinnacle Financial Prtnrs Inc invested in 0.01% or 3,986 shares. C M Bidwell And Associates, Hawaii-based fund reported 2,735 shares. Federated Investors had 33 analyst reports since July 28, 2015 according to SRatingsIntel. United Kingdom-based Investec Asset Mngmt Ltd has invested 0.1% in Melrose Industries PLC (LON:MRO).

Among 18 analysts covering Melrose PLC (LON:MRO), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive.

Analysts await Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to report earnings on February, 27. The stock has "Market Perform" rating by Wood on Friday, October 14. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and three have given a strong buy rating to the company's stock. The stock of Whirlpool Corporation (NYSE:WHR) earned "Neutral" rating by Goldman Sachs on Tuesday, October 6. The rating was upgraded by Bernstein to "Buy" on Tuesday, September 1. RBC Capital Markets maintained AT&T Inc. The firm has "Outperform" rating by Keefe Bruyette & Woods given on Tuesday, November 29. Credit Suisse has "Hold" rating and $187.0 target. SunTrust maintained the stock with "Hold" rating in Tuesday, November 28 report. They expect $0.23 EPS, down 30.30% or $0.10 from last year's $0.33 per share.

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