The institutional investor held 14.86 million shares of the major banks company at the end of 2017Q2, valued at $360.60M, up from 13.71M at the end of the previous reported quarter. It has outperformed by 4.65% the S&P500. Robeco Institutional Asset Management B.V. increased its holdings in Bank of America Corporation by 34.8% in the second quarter. Scholtz & Company Llc bought 74,225 shares as the company's stock declined 6.00% while stock markets rallied.
Bank of America Corporation is a bank holding company and a financial holding company. The company has a market capitalization of $276,515.47, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. The stock decreased 0.41% or $0.11 during the last trading session, reaching $26.4. About 2,000 shares traded.
Community Bank & Trust Waco Texas lowered its position in Bank of America Corporation (NYSE:BAC) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 41.94% the S&P500.
Glu Mobile Inc. (GLUU) Underpriced by 16.9%
Zacks Investment Research downgraded shares of Glu Mobile from a "hold" rating to a "sell" rating in a research report on Tuesday. Canaccord Genuity reissued a "hold" rating and set a $3.00 target price on shares of Glu Mobile in a research report on Tuesday.
Anderson Hoagland & Co, which manages about $378.72M and $156.49 million US Long portfolio, decreased its stake in Valero Energy Corp (NYSE:VLO) by 6,755 shares to 31,819 shares, valued at $2.15M in 2017Q2, according to the filing.
Among 17 analysts covering The Western Union Company (NYSE:WU), 2 have Buy rating, 8 Sell and 7 Hold. Therefore 56% are positive. Coca-Cola had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, September 14 by Jefferies. RBC Capital Markets has "Buy" rating and $26 target. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Renaissance Macro Securities LLC maintained it with "Buy" rating and $2900 target in Sunday, July 23 report. As per Thursday, August 4, the company rating was maintained by Barclays Capital. The rating was maintained by Oppenheimer on Tuesday, July 18 with "Buy". The stock has "Neutral" rating by Citigroup on Monday, October 9. Finally, Nomura upped their price objective on shares of Bank of America Corporation from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Monday, October 16th. Therefore 67% are positive. Zacks Investment Research lowered Bank of America Corporation from a "hold" rating to a "sell" rating in a report on Tuesday, October 10th. Citigroup Inc. reaffirmed a "neutral" rating and set a $27.00 price objective (up previously from $25.00) on shares of Bank of America Corporation in a report on Monday, October 9th. The rating was downgraded by Societe Generale on Tuesday, September 13 to "Hold". Bank Amer Corp now has $273.02B valuation. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Wednesday, May 31. The stock of Bank of America Corp (NYSE:BAC) earned "Outperform" rating by Macquarie Research on Thursday, February 16. The firm has "Hold" rating given on Tuesday, July 18 by BMO Capital Markets. On October 10, 2017 Credit Suisse Group maintained a "Outperform" rating on the company. Robert W. Baird maintained the stock with "Hold" rating in Friday, September 29 report. Clal Ins Hldgs Limited holds 0.96% of its portfolio in Bank of America Corp (NYSE:BAC) for 2.00 million shares. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Nasdaq.com and their article: "Ex-Div Reminder for Bank of America Corp.'s 7% Capital Securities" published on October 26, 2017 as well as Investorplace.com's news article titled: "Bank of America Corp Is the Best Consumer Bank Bet Out There" with publication date: October 18, 2017.
Investors sentiment increased to 0.94 in 2017 Q2. Shareholders of record on Friday, December 1st will be paid a dividend of $0.12 per share.
The Shopify Inc. (SHOP) Releases Earnings Results, Beats Expectations By $0.01 EPS
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Finally, SG Americas Securities LLC acquired a new stake in shares of Shopify in the first quarter worth about $116,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 123 funds opened positions while 504 raised stakes. Bowling Port Management Ltd Company reported 339,322 shares. The value of the investment in BAC increased from $1,381,945,000 to $1,446,245,000 increasing 4.7% quarter over quarter. Silvercrest Asset Mgmt Ltd Liability Co holds 0% of its portfolio in Denny's Corporation (NASDAQ:DENN) for 11,665 shares. Private Advisor Group Inc Ltd Liability Corp holds 0.3% or 246,841 shares in its portfolio. Country Trust Bank & Trust invested in 0% or 321 shares. 50,432 are held by Bouchey Ltd. Boothbay Fund Management Ltd Liability Co holds 0.06% of its portfolio in Denny's Corporation (NASDAQ:DENN) for 23,350 shares.
Analysts await Bank of America Corp (NYSE:BAC) to report earnings on January, 12. Ghp Inv Advsrs stated it has 0.19% in Bank of America Corp (NYSE:BAC). Argentiere Cap Ag owns 0.66% invested in Bank of America Corp (NYSE:BAC) for 81,100 shares. Amica Retiree Med Trust has invested 0.7% in Bank of America Corp (NYSE:BAC). Lourd Cap Llc accumulated 2.28M shares. Cetera Advsr Limited Com invested in 25,380 shares. Primecap Management Ca has 0.14% invested in Bank of America Corp (NYSE:BAC).
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MGM Resorts International (NYSE:MGM) Stake Decreased by Korea Investment CORP
Following the completion of the transaction, the insider now owns 198,058 shares of the company's stock, valued at $6,660,690.54. In other news, insider Corey Ian Sanders sold 16,446 shares of the stock in a transaction dated Wednesday, September 6th.