BDO Wealth Advisors LLC Purchases New Stake in Bank of America Corporation (BAC)

Bank of America Corporation logoBDO Wealth Advisors LLC bought a brand new stake in Bank of America Corporation (NYSE:BAC) throughout the second quarter, in accordance with the corporate in its most up-to-date Form 13F submitting with the Securities & Exchange Commission. The agency bought 32,226 shares of the monetary providers supplier’s inventory, valued at roughly $782,000.

Several different giant traders have additionally not too long ago added to or diminished their stakes within the firm. Fjarde AP Fonden Fourth Swedish National Pension Fund elevated its place in Bank of America Corporation by 14.9% throughout the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,331,330 shares of the monetary providers supplier’s inventory value $56,558,000 after buying an extra 301,642 shares throughout the interval. Airain ltd purchased a brand new place in Bank of America Corporation throughout the second quarter value $three,256,000. Andra AP fonden elevated its place in Bank of America Corporation by zero.6% throughout the second quarter. Andra AP fonden now owns 430,500 shares of the monetary providers supplier’s inventory value $10,444,000 after buying an extra 2,500 shares throughout the interval. Mitsubishi UFJ Securities Holdings Co. Ltd. elevated its place in Bank of America Corporation by 47.1% throughout the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 5,780 shares of the monetary providers supplier’s inventory value $140,000 after buying an extra 1,850 shares throughout the interval. Finally, Robeco Institutional Asset Management B.V. elevated its place in Bank of America Corporation by 34.eight% throughout the second quarter. Robeco Institutional Asset Management B.V. now owns 2,006,762 shares of the monetary providers supplier’s inventory value $48,682,000 after buying an extra 518,337 shares throughout the interval. 61.58% of the inventory is presently owned by institutional traders.

Shares of Bank of America Corporation (NYSE:BAC) opened at $27.82 on Friday. The firm has a market capitalization of $290,179.56, a P/E ratio of 15.90, a PEG ratio of 1.93 and a beta of 1.31. The firm has a fast ratio of zero.90, a present ratio of zero.91 and a debt-to-equity ratio of zero.91. Bank of America Corporation has a twelve month low of $16.35 and a twelve month excessive of $27.98.

Bank of America Corporation (NYSE:BAC) final introduced its quarterly earnings outcomes on Friday, October 13th. The monetary providers supplier reported $zero.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $zero.46 by $zero.02. Bank of America Corporation had a return on fairness of eight.33% and a web margin of 20.66%. The enterprise had income of $22.08 billion throughout the quarter, in comparison with the consensus estimate of $22.07 billion. During the identical quarter final yr, the agency posted $zero.41 EPS. The firm’s quarterly income was up 2.1% on a year-over-year foundation. badysts forecast that Bank of America Corporation will put up 1.eight earnings per share for the present yr.

The agency additionally not too long ago declared a quarterly dividend, which can be paid on Friday, December 29th. Shareholders of document on Friday, December 1st can be issued a dividend of $zero.12 per share. This represents a $zero.48 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, November 30th. Bank of America Corporation’s dividend payout ratio is 27.43%.

Plenty of brokerages not too long ago issued reviews on BAC. Oppenheimer Holdings, Inc. reaffirmed an “outperform” ranking and set a $30.00 goal worth (up beforehand from $29.00) on shares of Bank of America Corporation in a badysis report on Friday, July 21st. BidaskClub raised shares of Bank of America Corporation from a “sell” ranking to a “hold” ranking in a report on Friday, September 22nd. BMO Capital Markets reissued a “market perform” ranking and issued a $29.00 worth goal (up beforehand from $27.00) on shares of Bank of America Corporation in a report on Monday, October 16th. UBS AG set a $27.00 worth goal on shares of Bank of America Corporation and gave the corporate a “hold” ranking in a report on Monday, October 16th. Finally, Vetr raised shares of Bank of America Corporation from a “sell” ranking to a “hold” ranking and set a $23.99 worth goal on the inventory in a report on Friday, July 14th. Two badysis badysts have rated the inventory with a promote ranking, 9 have given a maintain ranking, twenty-four have badigned a purchase ranking and three have badigned a robust purchase ranking to the corporate’s inventory. The firm presently has a mean ranking of “Buy” and a consensus goal worth of $25.57.

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In different Bank of America Corporation information, Director Frank P. Bramble bought 86,763 shares of the agency’s inventory in a transaction on Thursday, August 10th. The inventory was bought at a mean worth of $24.16, for a complete transaction of $2,096,194.08. Following the completion of the sale, the director now owns 50,000 shares of the corporate’s inventory, valued at roughly $1,208,000. The sale was disclosed in a authorized submitting with the Securities & Exchange Commission, which is obtainable on the SEC web site. Company insiders personal zero.18% of the corporate’s inventory.

Bank of America Corporation Company Profile

Bank of America Corporation is a financial institution holding firm and a monetary holding firm. The Company is a monetary establishment, serving particular person shoppers and others with a variety of banking, investing, badet administration and different monetary and danger administration services. The Company, by its banking and numerous non-bank subsidiaries, all through the United States and in worldwide markets, offers a variety of banking and non-bank monetary providers and merchandise by 4 enterprise segments: Consumer Banking, which contains Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two main companies: Merrill Lynch Global Wealth Management and U.S.

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

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