Bank of America Corp (BAC) Shares Sold by Mariner Wealth Advisors LLC

Ivan Schwartz
December 6, 2017

Armbruster Capital Management Inc. now owns 4,323 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 423 shares during the last quarter. Bank Amer Corp now has $302.78B valuation. The stock increased 3.40% or $0.955 during the last trading session, reaching $29.055. About 62.79 million shares traded. The stock of Bank of America Corporation (NYSE:BAC) has "Buy" rating given on Tuesday, July 18 by RBC Capital Markets. It has outperformed by 41.94% the S&P500. Taking a step further, the 12.97 will indicate how the company is expected to do going forward. This technical setup was reported by Barchart.com.

On a similar note, analysts expect EPS of $0.47 in December 2017 quarter and $0.45 in March 2018 quarter, representing 17.5% and 9.76% growth, respectively. The stock increased 1.33% or $2 during the last trading session, reaching $151.94. About 2.45M shares traded or 95.50% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 3, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.

Investors sentiment increased to 0.91 in 2017 Q2. Its down 0.01, from 1.14 in 2017Q1. Its down 25.92% from 4.62 million shares previously. 40 funds opened positions while 194 raised stakes.

Westwood Holdings Group Inc, which manages about $12.27 billion US Long portfolio, decreased its stake in Chevron Corp (NYSE:CVX) by 183,289 shares to 753,623 shares, valued at $78.67M in 2017Q2, according to the filing. On the opposite side of that transaction from Blackrock Inc. stood Berkshire Hathaway Inc which added 679 million shares bringing total stake held in BAC to 679 million shares. 673.63 million shares or 0.17% less from 674.80 million shares in 2017Q1 were reported. 61,984 were accumulated by Regal Advisors Ltd Co. Linscomb & Williams has 27,043 shares for 0.06% of their portfolio. Temasek Holding (Private) Ltd reported 798,123 shares or 0.12% of all its holdings. Bank of America has $30 highest and $15 lowest target. Gm Advisory Group Inc who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $133.57B market cap company.

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Comerica Incorporated, through its subsidiaries, provides various financial services and products. Geode Cap Mgmt Limited Liability invested in 3.42 million shares or 0.17% of the stock. 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 four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. RBC Capital Markets has "Buy" rating and $26.0 target. Therefore 67% are positive. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, November 1 the stock rating was maintained by JP Morgan with "Overweight". The rating was maintained by Piper Jaffray with "Neutral" on Monday, December 28. The rating was maintained by Robert W. Baird on Friday, August 25 with "Hold". The firm has "Hold" rating by Berenberg given on Monday, April 24. Citigroup maintained the stock with "Buy" rating in Monday, October 30 report. The firm has a market capitalization of $293,100.16, a price-to-earnings ratio of 16.06, a PEG ratio of 1.94 and a beta of 1.31. The firm earned "Buy" rating on Wednesday, January 11 by Societe Generale. The rating was maintained by Wells Fargo on Thursday, August 10 with "Outperform". As per Tuesday, July 18, the company rating was maintained by Nomura.

Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on January, 16. The shares price has directed 36.88% toward a higher level throughout a year ago and swapped 4.27% toward a strong spot during past one month. BAC's profit will be $4.90 billion for 15.45 P/E if the $0.47 EPS becomes a reality. After $1.16 actual earnings per share reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -7.76% negative EPS growth.

The most recent shifts in number of shares owned by institutions came on September 30, 2017 when Blackrock Inc. sold 1.34 million shares from its total ownership of 666.87 million. Its down 0.03, from 1.15 in 2017Q1. It dropped, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 13,000 are owned by Grantham Mayo Van Otterloo And Co Limited Liability Co. Amp Capital Invsts Ltd holds 0.08% or 108,466 shares. (OTCMKTS:SHRV) has 0.00% since December 5, 2016 and is. The Louisiana-based Diversified Inv Strategies Ltd Company has invested 0.35% in Bank of America Corporation (NYSE:BAC). 116,988 are held by First Trust. Manikay Prns Ltd Limited Liability Company owns 4.50M shares for 6.96% of their portfolio. (DE) stake by 29.36% reported in 2017Q2 SEC filing. Lmm has 2.57M shares for 2.53% of their portfolio. BidaskClub lowered Bank of America from a "strong-buy" rating to a "buy" rating in a research note on Thursday, November 9th. Gateway Advisory LLC now owns 10,053 shares of the financial services provider's stock worth $244,000 after acquiring an additional 45 shares during the period. Pensionfund Dsm Netherlands holds 0.46% or 32,000 shares. 375,620 were reported by Pillar Pacific Capital Mngmt Llc. Employees Retirement Sys Of Texas reported 0.77% of its portfolio in Bank of America Corporation (NYSE:BAC).

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