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Principale » Bank of America (BAC) Declares Stock Repurchase Plan

Bank of America (BAC) Declares Stock Repurchase Plan

16 Décembre 2017

Avenir Corp who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $303.83B market cap company. The stock decreased 1.64% or $0.48 during the last trading session, reaching $28.84. This works out to a net increase in ownership of 657.28 million shares, and suggests that institutions are feeling bullish about the stock. Horan Cap invested 2.92% in Bank of America Corporation (NYSE:BAC). It has outperformed by 41.94% the S&P500.

Tfs Capital Llc decreased its stake in American Software Inc (AMSWA) by 53.27% based on its latest 2017Q2 regulatory filing with the SEC. Headinvest Ltd Liability Company holds 0.08% or 10,645 shares in its portfolio. The Scholtz & Company Llc holds 162,975 shares with $3.95 million value, up from 88,750 last quarter. The stock increased 1.98% or $0.03 during the last trading session, reaching $1.63. Amalgamated Bancshares holds 0.89% or 1.12 million shares in its portfolio. Teekay LNG Partners L.P. (NYSE:TGP) has risen 9.88% since December 15, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Baskin Financial Services Inc bought 2,570 shares as the company's stock rose 1.64% with the market.

(NYSE:TGP), 3 have Buy rating, 0 Sell and 4 Hold.

M were reported by Smead Capital Inc. Courduroux Pierre sold $527,040 worth of stock. BRAMBLE FRANK P had sold 86,763 shares worth $2.10 million on Thursday, August 10. Bnp Paribas Arbitrage accumulated 0% or 2,322 shares.

Analysts await Monsanto Company (NYSE:MON) to report earnings on January, 4. 26 analysts on average projected earnings of $0.47 per share for the current quarter. BAC's profit will be $4.90 billion for 15.28 P/E if the $0.47 EPS becomes a reality. Raymond James Svcs Advisors reported 1.41 million shares or 0.24% of all its holdings.

Investors sentiment increased to 1.25 in 2017 Q2. Bank of America Corporation's beta is 1.32 whilst the stock has an average true range (ATR) of 0.54. It is positive, as 42 investors sold United Natural Foods, Inc. shares while 81 reduced holdings. CI Investments Inc. lifted its stake in Bank of America by 13.1% during the first quarter. 9,321 shares were sold by Dorne Eric A. Investec Asset Management LTD now owns 17,772,325 shares of the financial services provider's stock worth $431,157,000 after acquiring an additional 7,231,615 shares during the period. Atlas Browninc holds 11,012 shares. City has 43,670 shares for 0.37% of their portfolio. Convergence Invest Prtn Ltd Liability Com reported 282,882 shares. Secor Capital Advsrs Lp has 0.03% invested in Bank of America Corporation (NYSE:BAC) for 11,549 shares. Hussman Strategic Advsr reported 25,000 shares. Cleararc Cap Inc holds 244,076 shares.

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Sound Shore Management Inc decreased Microsoft Corporation (NASDAQ:MSFT) stake by 183,734 shares to 2.77M valued at $190.85M in 2017Q2. 2,296 were reported by Wilbanks Smith And Thomas Asset Mgmt Llc. While, the analyst predicted that the company could provide an EPS of $0.45/share. Standpoint Research downgraded Bank of America Corporation (NYSE:BAC) on Thursday, December 1 to "Hold" rating.

Average Revenue Estimate for the current quarter is $21.78 Billion, according to consensus forecast of 10 analysts. The rating was maintained by Jefferies with "Buy" on Tuesday, July 21. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with "Market Perform". The rating was maintained by Jefferies with "Hold" on Monday, July 3. Barclays Capital maintained Moody's Corporation (NYSE:MCO) rating on Monday, July 24. JP Morgan maintained the shares of CCL in report on Thursday, March 31 with "Neutral" rating. The firm has "Neutral" rating by UBS given on Wednesday, January 11. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Tuesday, December 12 report. The firm has "Buy" rating given on Wednesday, December 6 by RBC Capital Markets. Macquarie Research upgraded the shares of BAC in report on Thursday, February 16 to "Outperform" rating. On Friday, September 29 the stock rating was initiated by SunTrust with "Buy".

A statistical measure of the dispersion of returns (volatility) for BAC producing salvation in Investors mouth, it has week volatility of 1.67% and for the month booked as 1.82%. 3 were sells. Insider ownership decreased by a total of 59575 shares, which suggests that BAC's key executives are feeling less optimistic about the outlook for the stock.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BAC. Shelton holds 355,178 shares or 0.61% of its portfolio. Horizon Kinetics Limited Liability Co owns 45,213 shares for 0.04% of their portfolio. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. State Of New Jersey Common Pension Fund D has invested 1.3% in Bank of America Corporation (NYSE:BAC). The Pennsylvania-based Wharton Business Grp Inc Lc has invested 0.03% in Bank of America Corporation (NYSE:BAC). Nomura accumulated 8.60M shares. On Tuesday, September 1 the stock rating was upgraded by Bernstein to "Buy". Fred Alger Management holds 0% in American Software, Inc. Fincl Bank Of The Ozarks holds 0.65% of its portfolio in Bank of America Corporation (NYSE:BAC) for 75,001 shares. Alpha Cubed Investments Ltd holds 0.34% or 82,137 shares in its portfolio.

Bank of America (NYSE:BAC) declared that its Board of Directors has approved a share buyback program, which authorizes the company to buyback $5.00 billion in shares on Tuesday, December 5th, EventVestor reports. Private Wealth holds 0.5% or 48,033 shares. It also reduced its holding in General Electric Company (NYSE:GE) by 74,004 shares in the quarter, leaving it with 126,937 shares, and cut its stake in Spdr S&P 500 Etf Trust (SPY).

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity. Therefore 100% are positive. Bank of America Corp has a 12 month low of $21.77 and a 12 month high of $29.50. Jefferies has "Buy" rating and $19 target. As per Friday, September 29, the company rating was maintained by Robert W. Baird. The company was maintained on Wednesday, August 23 by BMO Capital Markets. (NASDAQ:NFLX) rating on Friday, April 1. Investec Asset Mngmt North America Inc has 2.35% invested in Bank of America Corporation (NYSE:BAC).