Analyzing the Insider Data for Bank of America Corporation (BAC)

by Ben Pena October 14, 2017, 0:14
Analyzing the Insider Data for Bank of America Corporation (BAC)

Eagle Cap Limited Liability Company holds 3% of its portfolio in Bank of America Corp (NYSE:BAC) for 31.65M shares. The stock rose 1.20% or $0.31 reaching $25.74 per share. BidaskClub raised Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. About shares traded. Public Storage (NYSE:PSA) has declined 14.14% since October 13, 2016 and is downtrending. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. The firm earned "Buy" rating on Wednesday, August 30 by RBC Capital Markets. Bank of America Corporation accounts for approximately 1.1% of New Mexico Educational Retirement Board's holdings, making the stock its 12th largest position. The firm has a 50-day moving average of $24.65 and a 200-day moving average of $23.91. Citigroup initiated the shares of ANTM in report on Friday, October 2 with "Buy" rating. The Anchor Capital Advisors Llc holds 291,772 shares with $47.25M value, down from 300,115 last quarter.

The company said revenue for the quarter rose 0.9% to $21.84 billion. Bank of America Corporation's dividend payout ratio is 28.57%. Company's sales growth for the past five years is valued at -5.10%, leading it to the present-day share price of $25.49. Investment Mngmt Of Virginia Ltd Llc holds 63,113 shares. If you are reading this piece on another domain, it was copied illegally and reposted in violation of USA and global trademark & copyright law.

The company said its bottom line totaled $5.12 billion, or $0.48 per share. This repurchase authorization permits the financial services provider to reacquire up to 4.8% of its shares through open market purchases.

The stock decreased 0.89% or $0.07 during the last trading session, reaching $7.76.

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However the company's price to cash per share for most recent quarter stands at 13.48. Stockholders of record on Friday, September 1st were given a dividend of $0.12 per share. This is an increase from Bank of America Corporation's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, August 30th. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The shares were sold at an average price of $24.16, for a total value of $2,096,194.08. M Holdings Securities Inc. now owns 95,018 shares of the financial services provider's stock valued at $2,242,000 after purchasing an additional 40,069 shares during the period.

Bancorpsouth Inc increased its stake in Netgear Inc (NTGR) by 154.7% based on its latest 2017Q2 regulatory filing with the SEC.

A number of institutional investors and hedge funds have recently modified their holdings of the business.

Bank of America Corporation's P/E ratio is measuring at 15.58 with a forward P/E of 12. On an adjusted basis, revenue was $22.08 billion, up from $21.86 billion a year earlier. The rating was downgraded by Wood to "Market Perform" on Monday, May 16. Waldron LP raised its holdings in shares of Bank of America Corporation by 112.2% during the first quarter. Maxim Group maintained it with "Buy" rating and $10 target in Thursday, February 25 report. Gateway Advisory LLC increased its position in Bank of America Corporation by 0.4% in the second quarter. The rating was maintained by Jefferies with "Hold" on Friday, August 18. Finally, Arbor Investment Advisors LLC grew its holdings in Bank of America Corporation by 0.3% during the second quarter. (NASDAQ:AAPL) stake by 11,600 shares and now owns 805,199 shares. Institutional investors own 61.64% of the company's stock. Moreover, Group One Trading Limited Partnership has 0.02% invested in Bank of America Corp (NYSE:BAC). 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.

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