Bank Amer Corp (BAC) Holder State Of Wisconsin Investment Board Has Increased Holding

November 15, 2017 - By Clifton Ray

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It dropped, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. New Mexico Educational Retirement Board accumulated 925,054 shares. Moreover, Freestone Cap has 0.15% invested in Bank of America Corp (NYSE:BAC) for 75,583 shares. Calamos Wealth Mngmt Limited Liability Co has 258,587 shares. Birch Hill Invest Advisors Lc has invested 2.19% of its portfolio in Bank of America Corp (NYSE:BAC). Adams Asset Advisors Limited Liability holds 0.31% or 86,352 shares. Northstar Group holds 14,255 shares or 0.28% of its portfolio. Aviva Public Ltd Company has invested 0.97% in Bank of America Corp (NYSE:BAC). House Ltd Liability Co holds 0.07% or 19,980 shares. Moreover, Price T Rowe Assocs Md has 0.12% invested in Bank of America Corp (NYSE:BAC). Cooke Bieler LP has invested 0.68% in Bank of America Corp (NYSE:BAC). Wagner Bowman Corporation owns 39,560 shares. California-based Park West Asset Mngmt Limited has invested 0.02% in Bank of America Corp (NYSE:BAC). Greenleaf Trust holds 43,012 shares or 0.02% of its portfolio. 51,135 were accumulated by Brookfield Asset Inc. Dynamic Cap Management Ltd invested in 12,100 shares or 0.07% of the stock.

State Of Wisconsin Investment Board increased its stake in Bank Amer Corp (BAC) by 19.65% based on its latest 2017Q2 regulatory filing with the SEC. State Of Wisconsin Investment Board bought 2.22M shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 13.52 million shares of the major banks company at the end of 2017Q2, valued at $328.06M, up from 11.30 million at the end of the previous reported quarter. State Of Wisconsin Investment Board who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $273.70 billion market cap company. The stock declined 1.30% or $0.34 reaching $25.9 on the news. About 770,355 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 15, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

State Of Wisconsin Investment Board, which manages about $30.98B US Long portfolio, decreased its stake in Siteone Landscape Supply Inc by 65,100 shares to 229,170 shares, valued at $11.93 million in 2017Q2, according to the filing. It also reduced its holding in Fortis Inc (FRTSF) by 103,165 shares in the quarter, leaving it with 428,111 shares, and cut its stake in Jack In The Box Inc (NASDAQ:JACK).

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Reuters.com which released: “Bank of America executive: Volcker Rule fuels private trading firms’ rise” on November 14, 2017, also Reuters.com with their article: “Bank of America consumer bankers depart for Citigroup: sources” published on November 07, 2017, Nasdaq.com published: “Ex-Div Reminder for Bank of America Corp.’s 7% Capital Securities” on October 26, 2017. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: “Bank of America Corp Stock: How to Have Your Cake and Eat It Too” published on November 13, 2017 as well as Reuters.com‘s news article titled: “Bank of America CEO still sees no upside from Brexit” with publication date: October 26, 2017.

Bank of America Corp (NYSE:BAC) Ratings Coverage

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. The rating was maintained by Oppenheimer on Saturday, September 5 with “Outperform”. The firm earned “Neutral” rating on Tuesday, November 15 by Guggenheim. Barclays Capital maintained it with “Equal Weight” rating and $26 target in Tuesday, January 3 report. KBW upgraded the shares of BAC in report on Tuesday, September 1 to “Buy” rating. On Tuesday, November 29 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The firm earned “Buy” rating on Friday, August 11 by Jefferies. The company was upgraded on Tuesday, August 25 by Bernstein. The stock of Bank of America Corp (NYSE:BAC) earned “Outperform” rating by Credit Agricole on Friday, January 29. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 6.

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