Bank of America (BAC) Downgraded by Vetr to Buy

Tuesday, 17 Apr, 2018

About 805,774 shares traded. It has outperformed by 16.63% the S&P500. Kentucky Retirement Systems purchased a new stake in shares of Bank of America Corp during the fourth quarter worth about $16,205,000. Arosa Capital Management Lp bought 36,810 shares as the company's stock rose 8.30% while stock markets declined. The institutional investor held 4,378 shares of the technology company at the end of 2017Q4, valued at $772,000, up from 2,311 at the end of the previous reported quarter. They expect $1.56 earnings per share, up 13.87% or $0.19 from last year's $1.37 per share. About 24.44M shares traded. Scripps Networks Interactive, Inc. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since April 17, 2017 and is uptrending. It has underperformed by 11.55% the S&P500. Palisade Management Limited Liability Corporation Nj stated it has 0.01% of its portfolio in Bank of America Corporation (NYSE:BAC). Therefore 67% are positive. Bank of America has an average rating of "Buy" and a consensus target price of $31.22. The stock of Bank of America Corporation (NYSE:BAC) earned "Hold" rating by BMO Capital Markets on Wednesday, January 17. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 17, 2017 and is uptrending. On Tuesday, December 12 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". On Monday, April 18 the stock rating was maintained by Credit Suisse with "Outperform". The stock of Bank of America Corporation (NYSE:BAC) has "Outperform" rating given on Monday, August 24 by KBW. The stock of Target Corporation (NYSE:TGT) earned "Outperform" rating by Telsey Advisory Group on Thursday, November 17. Bernstein upgraded the shares of BAC in report on Tuesday, September 1 to "Buy" rating. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock.

Investors sentiment increased to 1.19 in 2017 Q4. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%.

The Manufacturers Life Insurance Company raised its stake in shares of Bank of America (NYSE:BAC) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Cibc World Mkts reported 0.03% of its portfolio in U.S. Bancorp (NYSE:USB).

Bank of America Corp (NYSE:BAC) was downgraded by equities researchers at Vetr from a "strong-buy" rating to a "buy" rating in a research note issued on Thursday. Theleme Partners Llp sold 6.43M shares as the company's stock declined 1.20% with the market. Salient Co Lta holds 12,143 shares. Amg State Bank holds 0.43% or 223,479 shares in its portfolio. Los Angeles Cap Mgmt And Equity Rech accumulated 0.44% or 2.72 million shares.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Monday, April 16th. 16,000 shares valued at $2.83M were sold by Cox Christopher K on Thursday, December 7. Tradition Cap Mgmt Ltd Liability Corporation holds 0.06% or 7,321 shares. Shareholders of record on Friday, March 2nd were given a $0.12 dividend. 8,800 were reported by Allstate Corp. Deroy And Devereaux Private Counsel holds 0.06% or 19,316 shares.

Schwerin Boyle Capital Management Inc, which manages about $781.49M and $917.16M US Long portfolio, decreased its stake in Amer Express (NYSE:AXP) by 5,550 shares to 469,660 shares, valued at $46.64M in 2017Q4, according to the filing.

Investors sentiment increased to 0.8 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. (NASDAQ:FB) shares were sold by Koum Jan. 104 funds opened positions while 254 raised stakes. First Foundation Advsr invested in 0.02% or 5,293 shares. 233.99 million shares or 0.58% less from 235.36 million shares in 2017Q3 were reported. Nomura invested 0.03% of its portfolio in Scripps Networks Interactive, Inc. Oakbrook Ltd Company holds 0.66% or 351,295 shares in its portfolio. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.93. It also upped Amgen (NASDAQ:AMGN) stake by 2,500 shares and now owns 6,786 shares. Barnett & Inc owns 6,397 shares for 0.09% of their portfolio. Advsrs Asset Management invested 0.01% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Deutsche Financial Bank Ag stated it has 0.02% in Scripps Networks Interactive, Inc. 252,944 were accumulated by Stone Ridge Asset Mngmt Limited Liability. Wells Fargo & Mn invested in 0.01% or 242,167 shares. Jpmorgan Chase Co accumulated 1.12% or 180.01 million shares. Greatmark Invest Prtn Incorporated invested in 2.92% or 273,353 shares. $528,522 worth of Scripps Networks Interactive, Inc. The ex-dividend date of this dividend is Wednesday, March 1st. Shares for $527,983 were sold by TYSOE RONALD W on Thursday, March 1. Finally, ValuEngine cut shares of Bank of America from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Therefore 47% are positive. Finally, Vining Sparks began coverage on shares of Bank of America in a report on Monday. The firm has "Buy" rating by Berenberg given on Wednesday, July 13. Jefferies maintained Target Corporation (NYSE:TGT) on Tuesday, October 3 with "Hold" rating.

BAC stock opened at $29.93 on Tuesday. Citigroup downgraded Scripps Networks Interactive, Inc. Jefferies Group reaffirmed a "buy" rating and set a $34.00 target price on shares of Bank of America in a research note on Tuesday. Royal Bank of Canada lifted their price target on Bank of America to $35.00 and gave the company an "outperform" rating in a research note on Thursday, January 18th.

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