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

Bank of America Corp Announces Quarterly Dividend of $0.12 (NYSE:BAC)

Bank of America Corp Announces Quarterly Dividend of $0.12 (NYSE:BAC)

The stock decreased 0.14% or $0.04 during the last trading session, reaching $29.02. About 62.79 million shares traded.

News stories about Bank of America (NYSE:BAC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. It has outperformed by 41.94% the S&P500. Bank of America Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Bramble Frank P has sold 86,763 shares of Bank of America Corporation (BAC) in trading session dated August 10, 2017. Arcadia Investment Management Corp Mi invested in 0.05% or 1,277 shares. Gateway Invest Advisers Ltd Company, Ohio-based fund reported 5.95M shares. Cme Group Inc now has $52.21B valuation. The stock decreased 0.30% or $0.03 during the last trading session, reaching $9.9099. The stock ended last trade at $28.10 a share and the price is up more than 27.15% so far this year. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). It has underperformed by 8.41% the S&P500. It also upped Lincoln Elec Hldgs Inc (NASDAQ:LECO) stake by 37,260 shares and now owns 86,166 shares. General Mills (NYSE:GIS) was raised too.

Truckers protest electronic logging devices
Meals, fuel stops, traffic delays, waits at shipping and receiving terminals, are included in the 14-hour limit. He used to pull a reefer but recently started hauling oversized loads.

If we look at the Volatility of Bank of America Corporation (BAC), Week Volatility is 2.85%, whereas Month Volatility is at 1.78%. Investec Asset Management LTD now owns 17,772,325 shares of the financial services provider's stock valued at $431,157,000 after acquiring an additional 7,231,615 shares during the last quarter. Ironwood Inv Counsel Ltd Liability Corporation has 0.45% invested in Bank of America Corporation (NYSE:BAC) for 49,125 shares.

Investors sentiment decreased to 1.12 in 2017 Q2. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%.

Lebanon's PM Hariri withdraws his resignation
The Lebanese President had said at the time Hariri was being held against his will in Riyadh, a claim Hariri denied. Last week, Lebanese President Michel Aoun met with Hariri and announced that he would not accept his resignation.

But it's not just selling activity that is creating investor interest in BAC; over the last several weeks, several insiders have bought shares.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Hap Trading Llc owns 696,562 shares or 0.9% of their United States portfolio. During the same quarter last year, the company posted $0.41 EPS. sell-side analysts forecast that Bank of America Corp will post 1.81 earnings per share for the current year. Pentwater Capital Management LP has 82,500 shares. Nomura Asset Mgmt stated it has 1.67 million shares or 0.55% of all its holdings. The California-based Doheny Asset Mngmt Ca has invested 0.92% in Bank of America Corporation (NYSE:BAC). Missouri-based Stifel Financial Corp has invested 0.36% in Bank of America Corporation (NYSE:BAC). (NASDAQ:CME). Cleararc Capital has 8,936 shares. Greenwood Gearhart Incorporated accumulated 34,544 shares. Hl Financial Svcs Ltd Liability Corporation invested in 0.33% or 219,115 shares. Atwood & Palmer reported 13,482 shares or 0.05% of all its holdings. Aviva Public Ltd Co invested in 0.03% or 526,652 shares. Menora Mivtachim Limited has invested 2.95% in Bank of America Corporation (NYSE:BAC). Vetr downgraded Bank of America from a "hold" rating to a "sell" rating and set a $26.67 price target for the company.in a report on Monday, November 6th. Therefore 68% are positive. Jefferies Group reaffirmed a "buy" rating and set a $28.00 target price on shares of Bank of America in a report on Friday, August 11th. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: "Bank of America (BAC) Quant Score Hamper Rating" published on December 05, 2017 as well as Bloomberg.com's news article titled: "BofA's Brexit Planners Are Said to Have Mulled Bigger Paris Move" with publication date: December 04, 2017. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, October 3. On Tuesday, July 19 the stock rating was maintained by Citigroup with "Buy". The firm has "Buy" rating given on Wednesday, January 20 by Sandler O'Neill. JP Morgan maintained it with "Overweight" rating and $28.5 target in Wednesday, November 1 report. The stock has "Buy" rating by RBC Capital Markets on Friday, October 6. The stock has "Market Perform" rating by Keefe Bruyette & Woods on Monday, May 16. The firm has "Hold" rating given on Friday, October 13 by BMO Capital Markets. Following the completion of the transaction, the director now owns 40,830 shares of the company's stock, valued at approximately $972,162.30. When looking at Bank of America Corporation, the first item you can quickly note is the 16.3, which will give you a multiple that can be use to compare Bank of America Corporation against others in the Money Center Banks or Financial. Anadarko Petroleum Corporation had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with "Buy" on Wednesday, June 21. The company was upgraded on Thursday, September 10 by Wells Fargo. The stock has a market capitalization of $293,100.16, a PE ratio of 16.06, a PEG ratio of 1.94 and a beta of 1.31.

Rep. John Conyers Announces He's Retiring Today
I'm a co-sponsor on all of them. "We support the right to protect the constitutional rights of all involved". The veteran lawmaker said that he is also endorsing his son, John Conyers III, to fill his seat.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. The firm has "Buy" rating by Cowen & Co given on Tuesday, July 18. The company has market cap of $7.76 million. The stock has "Buy" rating by Robert W. Baird on Tuesday, September 1.

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