Allstate Corp sold 256,447 shares as the company's stock declined 6.00% while stock markets rallied. The institutional investor held 10.12M shares of the major banks company at the end of 2017Q3, valued at $256.47 million, up from 9.03 million at the end of the previous reported quarter. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 50.34M shares traded.
Bank of America (NYSE:BAC) last posted its quarterly earnings results on Friday, October 13th. It has outperformed by 41.94% the S&P500.
Pettyjohn Wood & White Inc decreased its stake in Western Union Co (WU) by 42.85% based on its latest 2017Q3 regulatory filing with the SEC. Northwest Investment Counselors LLC acquired a new position in shares of Bank of America during the 2nd quarter worth about $100,000. The institutional investor held 45,812 shares of the business services company at the end of 2017Q3, valued at $880,000, down from 80,167 at the end of the previous reported quarter. 10 were accumulated by Hillsdale Invest Mgmt. The stock increased 1.00% or $0.191 during the last trading session, reaching $19.231. About 116,534 shares traded. It is up 5.73% since January 12, 2017 and is uptrending. It has underperformed by 14.23% the S&P500. Shareholders of record on Friday, December 1st were given a $0.12 dividend. It fall, as 68 investors sold BAC shares while 569 reduced holdings.
Several other hedge funds have also recently made changes to their positions in BAC.More news: Fit for Manchester City clash
Bank of America declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 5th that permits the company to buyback $5.00 billion in outstanding shares. Bank of America Corp has a 12-month low of $22.01 and a 12-month high of $31.20. Advisor Prtn Limited Liability Corp reported 1.01% of its portfolio in Bank of America Corporation (NYSE:BAC). Steinberg Global Asset stated it has 0.12% in Bank of America Corporation (NYSE:BAC). It has a 16.39 P/E ratio.
Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. Cliftonlarsonallen Wealth Advisors LLC's holdings in Bank of America were worth $2,081,000 as of its most recent filing with the SEC. Greylin Mangement has invested 2.36% in Bank of America Corporation (NYSE:BAC).
Bancorpsouth Inc holds 0.39% of its portfolio in Citizens Holding Company for 158,987 shares. The company has market cap of $3.97 million. Connor Clark Lunn Mngmt Ltd accumulated 1.29 million shares. Supplemental Annuity Collective Tru Of Nj has 149,573 shares for 1.66% of their portfolio. Shoker Counsel reported 0.33% in Bank of America Corporation (NYSE:BAC).
Since August 10, 2017, it had 0 insider purchases, and 1 sale for $2.10 million activity.More news: Feinstein's Unauthorized Transcript Release Called Legal but 'Bizarre'
Knightsbridge Asset Management Llc, which manages about $398.58M and $143.83M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 18,258 shares to 48,730 shares, valued at $7.51M in 2017Q3, according to the filing.
Among 19 analysts covering Agco Corporation (NYSE:AGCO), 5 have Buy rating, 3 Sell and 11 Hold. Therefore 66% are positive. During the same period last year, the company earned $0.41 earnings per share. analysts anticipate that Bank of America Corp will post 1.79 EPS for the current year. Nomura upped their price objective on Bank of America from $28.00 to $30.00 and gave the company a "buy" rating in a report on Monday, October 16th.
The Stock now has Analyst' mean Recommendation of 2.1 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. Instinet dropped their target price on shares of Bank of America from $37.00 to $30.00 in a report on Wednesday, January 3rd.
TRADEMARK VIOLATION NOTICE: "Societe Generale Lowers Bank of America (BAC) to Hold" was first posted by BBNS and is owned by of BBNS. Guggenheim downgraded Bank of America Corporation (NYSE:BAC) on Tuesday, November 15 to "Neutral" rating. As per Tuesday, October 27, the company rating was initiated by Credit Suisse. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. 63 funds opened positions while 159 raised stakes. Arlington Value Cap Llc holds 1.23 million shares or 3.12% of its portfolio. Leonetti & Associate Ltd Limited Liability Company reported 36,025 shares. Oxbow Lc reported 61,348 shares or 0.3% of all its holdings. Ascend Capital Ltd Llc reported 353,782 shares. 112.44 million shares or 5.48% less from 118.95 million shares in 2017Q2 were reported. Insider ownership decreased by a total of 77058 shares, which suggests that BAC's key executives are feeling less optimistic about the outlook for the stock. 62,049 are held by Voloridge Investment Management Lc. Manning & Napier Limited Liability Corp invested in 151,495 shares or 0.03% of the stock. Moreover, Morgan Stanley has 0.01% invested in Snap-on Incorporated (NYSE:SNA). Wills Group holds 2,905 shares. During the same quarter a year ago, the firm earned $0.41 earnings per share. Therefore 20% are positive. Snap-on had 26 analyst reports since August 20, 2015 according to SRatingsIntel. The direction of this stock is getting Strengthening.This is an indicator for investors to know whether the stock is heading towards a Buy or Sell, or whether the Hold is advancing towards a Buy or a Sell. The rating was upgraded by Wells Fargo to "Outperform" on Thursday, September 10. The firm has "Buy" rating by Oppenheimer given on Tuesday, May 30. The stock has "Buy" rating by Piper Jaffray on Monday, September 4. The stock has "Hold" rating by Jefferies on Thursday, July 6. "On Monday, August 24 the stock rating was upgraded by Bruyette & Woods" to "Mkt Perform".More news: Department Of Education Finds Texas Violated Special Education Law
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