Most Active Stock: Bank of America Corporation (BAC)

Korea Investment CORP now owns 78,908,445 shares of the financial services provider's stock worth $1,914,319,000 after purchasing an additional 390,771 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Bank of America by 11.0% in the 2nd quarter.

The stock has Return on Assets (ROA) of 0.8 percent. Currently, 959.49 million total shares are owned by the public and among those 958.48 million shares have been available to trade. Kinder Morgan, Inc. (NYSE:KMI) has risen 13.09% since December 6, 2016 and is uptrending. It has outperformed by 29.15% the S&P500. Finally, Citigroup restated a "neutral" rating and issued a $27.00 price target (up previously from $25.00) on shares of Bank of America in a report on Monday, October 9th. Deutsche Bank maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, August 12. PHH Investments Ltd. purchased a new stake in shares of Bank of America Corp during the fourth quarter valued at about $103,000. Bank of America's dividend payout ratio (DPR) is now 27.91%. The stock decreased 1.00% or $0.29 during the last trading session, reaching $28.64. Prudential Fincl owns 27.61 million shares. The stock of Bank of America Corporation (NYSE:BAC) earned "Buy" rating by RBC Capital Markets on Friday, October 6. It has outperformed by 41.94% the S&P500. Vetr upgraded shares of Bank of America from a "sell" rating to a "strong-buy" rating and set a $33.96 target price on the stock in a report on Tuesday, November 7th. Therefore 68% are positive.

The High Revenue estimate is predicted as 22.42 Million, while the Low Revenue Estimate prediction stands at 21 Million. $23.93's average target is -16.97% below currents $28.82 stock price. Keefe Bruyette & Woods maintained it with "Buy" rating and $58.0 target in Wednesday, November 15 report. (NYSE:JAG) has "Buy" rating given on Tuesday, February 21 by Goldman Sachs. Sandler O'Neill upgraded the stock to "Buy" rating in Wednesday, January 20 report. The stock has "Overweight" rating by JP Morgan on Wednesday, November 1. "The stock has "Mkt Perform" rating by Bruyette & Woods" on Monday, August 24. The rating was maintained by Robert W. Baird with "Hold" on Tuesday, October 31. The firm has "Market Outperform" rating by JMP Securities given on Wednesday, September 16. The Company's Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, isoprene, and butene-1; BTX products comprising benzene, toluene, ortho-xylene, para-xylene, and mixed xylenes; fuels, including automotive gasoline and liquefied petroleum gas; intermediates, such as cumene; and other basic petrochemicals, which include ethyl tertiary butyl ether, solvent C9, and pyrolysis C9. On Tuesday, December 5 the stock rating was maintained by Raymond James with "Buy". BMO Capital Markets has "Hold" rating and $2400 target. The firm earned "Hold" rating on Tuesday, July 18 by FBR Capital.

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Investors sentiment decreased to 1.12 in Q2 2017. Its the same as in 2017Q1. Perhaps, that suggests something about why 70.33% of the outstanding share supply is held by institutional investors. California State Teachers Retirement Sys has 19.02M shares for 0.98% of their portfolio. 937,359 are owned by Blair William Il. During the same quarter in the prior year, the business posted $0.41 EPS. State Street owns 442.99 million shares for 0.95% of their portfolio. Waldron Lp holds 10,309 shares. Pekin Singer Strauss Asset Il holds 0.06% in The Progressive Corporation (NYSE:PGR) or 8,000 shares. Canandaigua Savings Bank And stated it has 101,107 shares. FormulaFolio Investments LLC boosted its stake in shares of Bank of America by 4.9% in the 1st quarter. Mason Street Advsrs Lc owns 80,623 shares. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 11,845 shares and now owns 587,835 shares. (NYSE:BIG). Pacad Investment Ltd has invested 0.14% in Big Lots, Inc. Tru Of Vermont reported 0.01% of its portfolio in The Progressive Corporation (NYSE:PGR). About 635,416 shares traded.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on January, 24. For the full year, analysts expect earnings to decline -108% yoy to $0.02. PGR's profit will be $395.49M for 19.94 P/E if the $0.68 EPS becomes a reality.

The company reported its EPS on 9/29/2017. Montgomery Investment reported 2.56% stake. Potash Corp Sask Inc (NYSE:POT) was reduced too.

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Bank of America Corporation's P/B is valued at 1.18 exhibiting the investor sentiment on the value of the stock to its actual value. Shareholders of record on Friday, December 1st will be issued a $0.12 dividend.

Old West Investment Management LLC raised its holdings in shares of Bank of America Corp (NYSE:BAC) by 77.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Proficio Capital Partners LLC raised its stake in shares of Bank of America Corp by 5.7% in the third quarter. Moreover, Wills Group Inc has 0.22% invested in Bank of America Corporation (NYSE:BAC). Bank of America makes up about 1.4% of King Luther Capital Management Corp's portfolio, making the stock its 20th biggest position. Moreover, Tirschwell & Loewy Inc has 4.01% invested in the company for 328,315 shares. Eagle Ridge Invest Mngmt stated it has 1.67% in Bank of America Corporation (NYSE:BAC). Segall Bryant Hamill Ltd Com holds 0.02% or 39,951 shares in its portfolio. Lathrop Management Corporation reported 21,100 shares. Quinn Opportunity Prtnrs Limited Liability Co invested in 410,000 shares.

Bank of America Corporation (BAC) is an interesting player in the Financial space, with a focus on Money Center Banks. Stonebridge holds 0.12% or 12,850 shares. Macquarie Research upgraded Bank of America Corporation (NYSE:BAC) on Thursday, February 16 to "Outperform" rating. Analysts are forecasting earnings of $0.48 on a per share basis this quarter.

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