Bank of America (BAC) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. lowered its position in shares of Bank of America (NYSE:BAC) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,891 shares of the financial services provider’s stock after selling 1,637 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Bank of America were worth $5,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Altavista Wealth Management Inc. boosted its position in shares of Bank of America by 0.7% during the 2nd quarter. Altavista Wealth Management Inc. now owns 10,199 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 68 shares in the last quarter. GSB Wealth Management LLC boosted its position in shares of Bank of America by 0.3% during the 2nd quarter. GSB Wealth Management LLC now owns 32,934 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 105 shares in the last quarter. First City Capital Management Inc. lifted its position in Bank of America by 0.7% in the 2nd quarter. First City Capital Management Inc. now owns 66,982 shares of the financial services provider’s stock valued at $1,625,000 after acquiring an additional 453 shares in the last quarter. Gofen & Glossberg LLC IL lifted its position in Bank of America by 1.6% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 33,823 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 521 shares in the last quarter. Finally, WFG Advisors LP lifted its position in Bank of America by 1.2% in the 2nd quarter. WFG Advisors LP now owns 50,237 shares of the financial services provider’s stock valued at $1,219,000 after acquiring an additional 607 shares in the last quarter. 69.84% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BAC opened at $30.65 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $312,227.69, a price-to-earnings ratio of 16.75, a PEG ratio of 1.54 and a beta of 1.37. Bank of America has a 52 week low of $22.07 and a 52 week high of $33.05.



Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The firm had revenue of $20.69 billion during the quarter, compared to analyst estimates of $21.61 billion. Bank of America had a net margin of 18.03% and a return on equity of 8.54%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. equities analysts forecast that Bank of America will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.48 annualized dividend and a yield of 1.57%. Bank of America’s dividend payout ratio (DPR) is 26.23%.

BAC has been the topic of several recent research reports. Credit Suisse Group raised shares of Bank of America to an “outperform” rating and raised their price target for the company from $32.00 to $35.00 in a research report on Thursday, January 4th. Zacks Investment Research raised shares of Bank of America from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, January 2nd. Barclays raised their price target on shares of Bank of America from $28.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods raised their price target on shares of Bank of America from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Vetr raised shares of Bank of America from a “strong sell” rating to a “sell” rating and set a $31.16 price target on the stock in a research report on Monday, February 19th. Nine investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.97.

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About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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

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