Bank of America Corporation (BAC) Shares Sold by Burt Wealth Advisors

Jay Anderson
July 18, 2017

The stock declined 0.50% or $0.12 reaching $24.09 per share. Following the completion of the transaction, the director now directly owns 40,830 shares of the company's stock, valued at approximately $972,162.30. The Market Capitalization of the company stands at 245.02 Billion.

Investors sentiment increased to 0.88 in 2016 Q4. About 8,058 shares traded. QS Energy Inc (OTCMKTS:QSEP) has 0.00% since July 17, 2016 and is. It has underperformed by 8.03% the S&P500.

Secor Capital Advisors Lp decreased Bank Amer Corp (Put) (BAC) stake by 19.91% reported in 2016Q4 SEC filing. The company has market cap of $273.79 million. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through its business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, Global Markets and All Other. The legal version of this story can be read at https://www.com-unik.info/2017/07/16/bedrijfstakpensioenfonds-voor-de-media-pno-continues-to-hold-stake-in-bank-of-america-corporation-nysebac.html. The stock rose 0.04% or $0.03 reaching $83.19. Valinor Mgmt Lp accumulated 4.78 million shares. The stock of Bank of America Corp (NYSE:BAC) has "Buy" rating given on Wednesday, August 12 by Deutsche Bank. It has outperformed by 41.94% the S&P500.

Investors sentiment increased to 1.1 in 2016 Q4.

Bank of America Corp (NYSE:BAC) shows a Forward Annual Dividend Rate of $0.28 and Trailing Annual Dividend Yield of 1.12% according to MorningStar Inc. It improved, as 62 investors sold BAC shares while 560 reduced holdings. Finally, Willingdon Wealth Management raised its stake in Bank of America Corporation by 14.9% in the first quarter. Segment Wealth Limited Liability Com reported 0.09% in Bank of America Corp (NYSE:BAC). The California-based Lpl Financial Ltd Liability Company has invested 0.02% in Bank of America Corp (NYSE:BAC). Renaissance Group Lc owns 115,024 shares. Employees Retirement Sys Of Texas accumulated 2.74M shares. Toronto Dominion National Bank holds 0.17% or 672,672 shares in its portfolio. Pinebridge Invs Lp has invested 2.79% in Bank of America Corp (NYSE:BAC). Franklin Inc reported 0.17% of its portfolio in Bank of America Corp (NYSE:BAC). Rhumbline Advisers owns 46,522 shares.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $1.24 billion US Long portfolio, upped its stake in Yelp Inc (NYSE:YELP) by 52,262 shares to 325,222 shares, valued at $12.40 million in 2016Q4, according to the filing. The fund owned 63,000 shares of the financial services provider's stock after selling 17,000 shares during the period. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued. Davenport And Co Limited Liability Company, Virginia-based fund reported 249,046 shares. Wealthcare Lc holds 0.01% or 3,060 shares.

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More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: "Tuesday's Vital Data: Bank of America Corp (BAC), Advanced Micro Devices, Inc ..." on July 11, 2017, also Reuters.com with their article: "Buffett's company to become Bank of America's top shareholder" published on June 30, 2017, Investorplace.com published: "Bank of America Corp (BAC) Stock May Face a Trifecta of Pain" on July 14, 2017.

Analysts await Novartis AG (ADR) (NYSE:NVS) to report earnings on July, 18 before the open.

The Stock traded with an actual day volume of 91.51 Million and average volume of 80.76 Million respectively. Norges Bank bought a new stake in shares of Bank of America Corporation during the fourth quarter worth about $2,256,221,000.

Among 28 analysts covering Bank of America (NYSE:BAC), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 45% are positive. Trillium Therapeutics had 3 analyst reports since August 26, 2015 according to SRatingsIntel. Robert W. Baird downgraded Bank of America Corp (NYSE:BAC) on Wednesday, November 16 to "Neutral" rating. The rating was upgraded by Bernstein to "Mkt Perform" on Tuesday, August 25. As per Thursday, September 10, the company rating was upgraded by Wells Fargo. The stock of Fabrinet (NYSE:FN) earned "Buy" rating by Stifel Nicolaus on Tuesday, February 2. The rating was downgraded by Wood to "Market Perform" on Monday, May 16. Credit Suisse Group boosted their target price on shares of Bank of America Corporation to $27.00 and gave the company an "outperform" rating in a research note on Thursday, March 16th. Jefferies maintained the shares of BAC in report on Monday, October 10 with "Buy" rating. Berenberg initiated it with "Buy" rating and $15 target in Wednesday, July 13 report. The hedge fund run by Keith Meister held 9.47 million shares of the major banks company at the end of 2016Q4, valued at $209.22M, up from 2.37M at the end of the previous reported quarter. After $0.40 actual earnings per share reported by Acadia Realty Trust for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

In fact, analysts at Macquarie called Bank of America their "top pick in the USA... given expectations for continued positive operating leverage on lower expenses coupled with expectations of more stable capital markets results". On Wednesday, April 19 the stock rating was maintained by JP Morgan with "Neutral". This buyback authorization authorizes the financial services provider to reacquire up to 4.8% of its stock through open market purchases. Braun Stacey Assocs reported 929,973 shares. Tortoise Investment Management LLC now owns 4,700 shares of the financial services provider's stock valued at $104,000 after buying an additional 1,000 shares in the last quarter. As per Thursday, May 25, the company rating was maintained by BTIG Research. It also reduced its holding in Reynolds American (NYSE:RAI) by 381,809 shares in the quarter, leaving it with 6,214 shares, and cut its stake in Regeneron Pharmaceuticals Com (NASDAQ:REGN). It also increased its holding in Terreno Rlty Corp (NYSE:TRNO) by 153,067 shares in the quarter, for a total of 1.26M shares, and has risen its stake in Equity Lifestyle Pptys Inc (NYSE:ELS). The company was maintained on Wednesday, October 7 by Jefferies.

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