Bank of America Corp Sees Unusually Large Options Volume (BAC)

Following the completion of the acquisition, the director now owns 40,830 shares of the company's stock, valued at $972,162.30. 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. The Firm operates as a holding firm with a focus of acquiring and managing assets and companies within three sectors: green environmental, healthcare services, and specialty contracting services. Integrated Investment Consultants LLC now owns 4,368 shares of the financial services provider's stock valued at $103,000 after buying an additional 500 shares during the last quarter. About 665 shares traded.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Blogs.Wsj.com which released: "Bank of America Chats About Erica, Its New Digital Assistant" on May 12, 2017, also Investorplace.com with their article: "3 Reasons Bank of America Corp (BAC) Stock Could Catch Fire" published on June 02, 2017, Reuters.com published: "Bank of America CEO talks down second-quarter expectations" on May 31, 2017. It has outperformed by 41.94% the S&P500.

Benin Management Corp increased Travelers Companies Inc (TRV) stake by 13.82% reported in 2016Q4 SEC filing. The stock witnessed -6.36% declines, -11.82% declines and 4.71% gains for the 1-month, 3-month and 6-month period, respectively. Steinberg Global Asset Management now owns 80,663 shares of the financial services provider's stock valued at $1,262,000 after buying an additional 6,867 shares during the period. The company has market cap of 4.41 billion Euro. The stock decreased 0.36% or $0.06 during the last trading session, reaching $16.64. Travelers Companies Inc (NYSE:TRV) has risen 9.71% since June 7, 2016 and is uptrending. It has outperformed by 29.98% the S&P500.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.49, from 0.62 in 2016Q3. 67,600 are held by California Pub Employees Retirement System. The stock exchanged hands 71.44 Million shares versus average trading capacity of 88.49 Million shares, yielding a market cap of $223 Billion. Greenwood Associates Lc holds 1.77% or 283,191 shares. Dimensional Fund Advsrs LP reported 55.59 million shares. Joel Isaacson And Co Limited Liability holds 11,323 shares.

A number of analysts recently weighed in on BAC shares. It also upped Garmin Ltd (NASDAQ:GRMN) stake by 9,612 shares and now owns 28,810 shares. 21,248 are owned by Manufacturers Life Insurance The. Out of 5 Wall Street analysts rating O'Reilly Auto, 2 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". Therefore 31% are positive. Travelers had 25 analyst reports since July 22, 2015 according to SRatingsIntel. Morgan Stanley downgraded Travelers Companies Inc (NYSE:TRV) on Thursday, January 5 to "Underweight" rating. On Friday, January 22 the stock rating was maintained by RBC Capital Markets with "Outperform". The company was downgraded on Wednesday, January 11 by UBS. The stock has "Neutral" rating by Compass Point on Wednesday, April 5.

While considering growth estimates of the company, it has next quarter growth estimates of 14.6% whereas during current quarter it has 14.6% estimations over growth, comparing to the estimations of 21.3% during current year and 18.1% for next year. This represents a $0.30 annualized dividend and a dividend yield of 1.35%.

A number of hedge funds have recently bought and sold shares of BAC. 207 funds opened positions while 479 raised stakes. Brandywine Trust Communication holds 0.2% or 13,326 shares. Jbf Incorporated accumulated 150,000 shares. Putnam Fl Management stated it has 0.03% in Bank of America Corp (NYSE:BAC). Hoplite Capital LP holds 7.73% or 6.82M shares in its portfolio. Long Road Investment Counsel Llc owns 40,165 shares or 8.6% of their United States portfolio. First Comml Bank Sioux Falls reported 1.89% of its portfolio in Bank of America Corp (NYSE:BAC).

Bank of America Corporation (NYSE:BAC) shares traded -0.8% down during most recent session to reach at the closing price of $22.23. Blb&B Advsr Ltd Liability Co holds 0.37% of its portfolio in Bank of America Corp (NYSE:BAC) for 95,356 shares. Security Natl Tru Com has 14,970 shares for 0.12% of their portfolio. Tiaa Cref Investment Management has invested 1.05% in Bank of America Corp (NYSE:BAC). Frigate Ventures Lp sold 1.39 million shares as Bank Amer Corp (BAC)'s stock declined 6.00%. Finally, Logan Capital Management Inc. increased its stake in Bank of America Corp by 0.4% in the first quarter. Doheny Asset Management Ca stated it has 0.82% in Bank of America Corp (NYSE:BAC).

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on July, 17. Therefore 63% are positive. Bank of America had 62 analyst reports since July 21, 2015 according to SRatingsIntel. "Bruyette & Woods" upgraded Bank of America Corp (NYSE:BAC) on Monday, August 24 to "Mkt Perform" rating. Goldman Sachs maintained the shares of TRV in report on Tuesday, April 26 with "Neutral" rating. Nomura reiterated a "buy" rating on shares of Bank of America Corp in a research report on Wednesday, April 19th. Deutsche Bank has "Buy" rating and $275.0 target. The stock now has an average rating of "Buy" and a consensus price target of $22.87. Vetr upgraded shares of Bank of America Corp from a "buy" rating to a "strong-buy" rating and set a $26.88 target price on the stock in a research note on Tuesday, March 21st. The company was upgraded on Thursday, September 10 by Wells Fargo.

COPYRIGHT VIOLATION NOTICE: "Bank of America Corp (BAC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods" was originally reported by Transcript Daily and is the sole property of of Transcript Daily. Analysts forecast earnings per share of $0.48, up exactly $0.12 or 33.33 % from 2014's $0.36 EPS. BAC's profit will be $4.75B for 11.61 P/E if the $0.48 EPS becomes a reality. Lansdowne Partners UK LLP raised its position in shares of Bank of America Corp by 38,029.0% in the fourth quarter.

  • Zachary Reyes