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

14 October 2017, 01:17 | Lionel James

Bank of America earnings top Wall Street estimates

Bank of America's third-quarter profit rises 13 percent

The brokerage now has $25.61 price objective on the financial services provider's stock.

BAC has been the subject of a number of research analyst reports. Anthem Inc (NYSE:ANTM) has risen 31.86% since October 13, 2016 and is uptrending. Citigroup reported revenue of $18.2 billion and an EPS of $1.42. BidaskClub upgraded Bank of America Corporation from a "hold" rating to a "buy" rating in a report on Friday, July 7th. It also upped Apollo Global Mgmt Llc (NYSE:APO) stake by 25,000 shares and now owns 250,000 shares. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) on Wednesday, August 12 with "Buy" rating. The rating was maintained by Robert W. Baird with "Hold" on Friday, September 29. Johnson Investment Counsel Inc acquired 41,548 shares as Bank Of America Corporation (BAC)'s stock declined 6.00%.

Bank of America reported higher third-quarter profits Friday following a strong performance in consumer banking due to increased interest rates, offsetting weakness in trading.

Analysts expect Caladrius Biosciences Inc (NASDAQ:CLBS) to report $-0.85 EPS on November, 6.They anticipate $0.24 EPS change or 22.02% from last quarter's $-1.09 EPS.

The company's stock rose 0.7 percent in the premarket following the release of the results. The data from the past twelve months tells a similar story: insiders executed 8 buys and 52 sells, and ownership decreased by a net of 2.14 million shares. The company's revenue for the quarter was up 7.1% on a year-over-year basis. Korea Investment CORP grew its position in shares of Bank of America Corporation by 0.5% in the 2nd quarter. Bank of America Corporation has a 1-year low of $15.90 and a 1-year high of $26.30.

Lombard Odier Asset Management Switzerland Sa decreased Bank Amer Corp (BAC) stake by 25.72% reported in 2017Q2 SEC filing.

COPYRIGHT VIOLATION WARNING: This report was originally published by StockNewsTimes and is the property of of StockNewsTimes. Pennsylvania-based Brick Kyle has invested 0.84% in Bank of America Corp (NYSE:BAC).

Jets don't want to hear about Patriots' problems
Brady has thrown for 1,7-2 yards, 11 touchdowns, and only one interception this season. "He's had such a great year", Brady said . Brady has had trouble with his left shoulder several times over his 18-year career, but he has never missed a game because of it.

Bank of America Corporation declared that its board has authorized a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $12.00 billion in outstanding shares. Spc Financial accumulated 10,825 shares or 0.07% of the stock. The company was upgraded on Tuesday, September 1 by KBW. This represents a $0.48 annualized dividend and a dividend yield of 1.89%. This is an increase from Bank of America Corporation's previous quarterly dividend of $0.08. Bank of America Corporation's dividend payout ratio (DPR) is 28.57%.

Receive Bank of America Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of America Corporation with MarketBeat.com's FREE daily email newsletter. The shares were sold at an average price of $24.16, for a total transaction of $2,096,194.08.

Shares of Bank of America have risen almost 16 percent this year, slightly outperforming the S&P 500 index. The transaction was disclosed in a filing with the SEC, which is available through this link.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Moreover, Baring Asset Mgmt Limited has 0.18% invested in Nike Inc (NYSE:NKE) for 46,302 shares.

Bank of America's shares, which had risen nearly 16 per cent year to date, were up almost one per cent in morning trade while Wells Fargo was down more than three per cent.

As of now, Bank of America Corporation has a P/S value of 5.03, measuring P/B at 1.05. The stock decreased 1.47% or $0.38 during the last trading session, reaching $25.45. Welch Group LLC increased its position in Bank of America Corporation by 0.4% in the first quarter. This buyback authorization authorizes the financial services provider to reacquire up to 4.8% of its stock through open market purchases. Therefore, the stated figures displays a quarterly performance of 4.91% and an annual performance of 60.34%. Ls Advsrs Ltd Limited Liability Company owns 1,233 shares for 0% of their portfolio. However, the institutional investors are observed to own 70.10% of the total shares.



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