Summit Securities Group Llc, which manages about $586.75M US Long portfolio, decreased its stake in Mcdonalds Corp (Call) (NYSE:MCD) by 3,684 shares to 16 shares, valued at $251,000 in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWM) by 33,300 shares in the quarter, leaving it with 1,700 shares, and cut its stake in Ishares Tr (HYG).
Summit Securities Group Llc increased its stake in Bank Amer Corp (BAC) by 96.21% based on its latest 2017Q3 regulatory filing with the SEC. Summit Securities Group Llc bought 314,065 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 640,500 shares of the major banks company at the end of 2017Q3, valued at $16.23 million, up from 326,435 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $325.33B market cap company. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.
January 14, 2018 – By Richard Conner
Since August 10, 2017, it had 0 buys, and 1 sale for $2.10 million activity.
Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It fall, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Goodwin Daniel L holds 36,753 shares. Artisan Ptnrs Limited Partnership has 0.74% invested in Bank of America Corporation (NYSE:BAC) for 15.75 million shares. First Citizens Bancorporation invested 1.13% of its portfolio in Bank of America Corporation (NYSE:BAC). Rex Cap Advsr Ltd stated it has 0.67% of its portfolio in Bank of America Corporation (NYSE:BAC). Gotham Asset Limited Liability reported 0.03% stake. Moore Cap LP holds 2.04% of its portfolio in Bank of America Corporation (NYSE:BAC) for 4.17 million shares. Whittier Trust Of Nevada invested in 0.2% or 86,050 shares. Segment Wealth Limited Com invested in 0.1% or 15,247 shares. Cleararc holds 0.96% or 252,175 shares. Integral Derivatives Limited Liability stated it has 160,939 shares or 0.07% of all its holdings. Contravisory Mgmt holds 1,625 shares or 0.01% of its portfolio. Yhb Investment Advsr holds 136,126 shares. Moreover, State Board Of Administration Of Florida Retirement Sys has 1% invested in Bank of America Corporation (NYSE:BAC) for 14.54M shares. Engineers Gate Manager LP invested in 0.12% or 54,263 shares. Lincluden Mgmt Limited holds 0.92% or 470,131 shares in its portfolio.
Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Friday, October 6 by RBC Capital Markets. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, November 29 report. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, June 14 by RBC Capital Markets. As per Tuesday, July 18, the company rating was maintained by Nomura. Robert W. Baird downgraded Bank of America Corporation (NYSE:BAC) rating on Wednesday, November 16. Robert W. Baird has “Neutral” rating and $18 target. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Equal Weight”. Raymond James maintained Bank of America Corporation (NYSE:BAC) on Tuesday, December 5 with “Buy” rating. BMO Capital Markets maintained the shares of BAC in report on Friday, October 6 with “Hold” rating. BMO Capital Markets maintained it with “Hold” rating and $21 target in Wednesday, April 12 report. The company was maintained on Tuesday, January 2 by Robert W. Baird.
Bank of America Corporation (NYSE:BAC) Ratings Coverage
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More notable recent Bank of America Corporation (NYSE:BAC) news were published by: .com which released: “Earnings Preview: What To Expect From Bank Of America On Wednesday” on January 13, 2018, also Finance.Yahoo.com with their article: “Bank of America Warrant Holders Could Reap 4000 Percent Returns” published on January 13, 2018, .com published: “BofA Says Tax Act Forces $3 Billion Fourth-Quarter Earnings Cut” on December 22, 2017. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: and their article: “Bank of America closing branches in South Hadley, Easthampton” published on December 26, 2017 as well as Investorplace.com‘s news article titled: “Bank of America Corp Is Red Hot, But Don’t Get Burnt!” with publication date: January 03, 2018.