Bourgeon Capital Management LLC Increased Bank Amer Corp (BAC) Stake by $3.68 Million as Shares Declined

April 17, 2018 - By Nellie Rakes

Bank of America Corporation (NYSE:BAC) Corporate LogoBig Money Sentiment increased to 1.19 in Q4 2017. It has change of 0.15, from 2017Q3’s 1.04. The ratio improved due to BAC positioning: 66 sold and 561 reduced. 162 funds acquired holdings and 585 increased holdings. Investors holded 6.91 billion in 2017Q3 but now own 6.85 billion shares or 0.98% less. Fagan Assoc Inc holds 2.76% or 231,414 shs in its capital. Picton Mahoney Asset owns 740,200 shs. Caprock Gru has 0.29% invested in Bank of America Corporation (NYSE:BAC) for 47,228 shs. Aviva Plc, a United Kingdom-based fund reported 6.71M shs. Noesis Mangement owns 10,415 shs or 0.11% of their US capital. Raymond James Financial Svcs Advisors has 0.31% invested in Bank of America Corporation (NYSE:BAC). Rafferty Asset Mngmt Limited Liability Corp holds 2.14M shs. Richard Bernstein Advisors Ltd Limited Liability Company accumulated 49,960 shs or 0.06% of the stock. Eagle Ridge Mgmt holds 361,371 shs or 1.65% of its capital. Kidder Stephen W stated it has 0.32% of its capital in Bank of America Corporation (NYSE:BAC). Ckw Financial Gru accumulated 24,176 shs. Johnson Gru invested 0.43% of its capital in Bank of America Corporation (NYSE:BAC). Fin Incorporated reported 0.04% stake. Mu Invs Company Limited, a Japan-based fund reported 2,400 shs. 134,773 are held by First Natl.

John Zaro’s holdings in Bank Amer Corp (BAC) is upped by 836.54% based on its latest 2017Q4 regulatory filing with the SEC. The company’s stock declined 1.20% with the market as Bourgeon Capital Management Llc bought 126,936 shares. The hedge fund run by John Zaro is holding 142,110 shares, compared to the 15,174 from the previous quarter. And the reported value of the major banks company is $4.20M for the 2017Q4. For a total of shares it reduced its holding in by shares in the quarter, and has cut its stake in .

Bank of America Corporation (NYSE:BAC) Ratings Coverage

In total 14 analysts cover Bank of America (NYSE:BAC). “Buy” rating has 11, “Sell” are 0, while 3 are “Hold”. 79% are bullish. With $37 highest and $24.0 lowest [Target] Bank of America has $33.88 average [Target] or 13.20% above the current ($29.93) price. 18 are the (NYSE:BAC)’s analyst reports since October 31, 2017 according to StockzIntelligence Inc. On Wednesday, January 17 the stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by BMO Capital Markets. On Tuesday, October 31 Robert W. Baird maintained Bank of America Corporation (NYSE:BAC) rating. Robert W. Baird has “Hold” rating and $24.0 target. On Wednesday, December 20 the firm earned “Buy” rating by Wells Fargo. On Monday, March 26 the stock has “Buy” rating by Oppenheimer. On Tuesday, January 2 the stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given by Robert W. Baird. The stock rating was maintained by Raymond James with “Buy” on Tuesday, December 5. On Friday, February 2 the rating was maintained by Morgan Stanley with “Overweight”. On Monday, April 16 the firm has “Buy” rating by Nomura given. On Wednesday, April 4 the stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given by Keefe Bruyette & Woods. On Tuesday, December 12 Keefe Bruyette & Woods maintained the shares of BAC in report with “Buy” rating.

Bank of America Corporation (NYSE:BAC) Institutional Investors Chart

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