Bank of America Corporation (BAC) Holdings Increased by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA raised its holdings in Bank of America Corporation (NYSE:BAC) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,957 shares of the financial services provider’s stock after acquiring an additional 3 shares during the period. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Bank of America Corporation were worth $2,934,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BAC. Northwest Investment Counselors LLC purchased a new stake in shares of Bank of America Corporation in the 2nd quarter valued at about $100,000. Armbruster Capital Management Inc. raised its holdings in shares of Bank of America Corporation by 10.8% in the 1st quarter. 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 in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Bank of America Corporation by 11.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 450 shares in the last quarter. Tarbox Family Office Inc. raised its holdings in shares of Bank of America Corporation by 0.4% in the 2nd quarter. Tarbox Family Office Inc. now owns 4,809 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 21 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Bank of America Corporation by 47.1% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 5,780 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 1,850 shares in the last quarter. 62.19% of the stock is currently owned by hedge funds and other institutional investors.

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Bank of America Corporation (NYSE BAC) opened at $26.24 on Wednesday. The stock has a market capitalization of $275,368.09, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31. Bank of America Corporation has a one year low of $19.60 and a one year high of $27.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.90 and a current ratio of 0.91.

Bank of America Corporation (NYSE:BAC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.07 billion. Bank of America Corporation had a return on equity of 8.33% and a net margin of 20.66%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. equities research analysts forecast that Bank of America Corporation will post 1.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 30th. Bank of America Corporation’s payout ratio is 27.43%.

BAC has been the topic of several recent analyst reports. Vetr raised Bank of America Corporation from a “hold” rating to a “buy” rating and set a $26.59 price target on the stock in a report on Monday, October 16th. BidaskClub raised Bank of America Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Bank of America Corporation in a report on Friday, August 11th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $25.00 price target (up previously from $23.00) on shares of Bank of America Corporation in a report on Tuesday, September 26th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $26.00 price target on shares of Bank of America Corporation in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the company. Bank of America Corporation presently has an average rating of “Buy” and a consensus target price of $25.82.

About Bank of America Corporation

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international 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.

Institutional Ownership by Quarter for Bank of America Corporation (NYSE:BAC)

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