Arkadios Wealth Advisors raised its holdings in Financial institution of America Co. (NYSE:BAC – Get Ranking ) by 34.8% throughout the fourth quarter, in accordance with its most up-to-date disclosure with the Securities & Alternate Fee. The agency owned 38,740 shares of the monetary providers supplier’s inventory after shopping for a further 10,004 shares throughout the quarter. Arkadios Wealth Advisors’ holdings in Financial institution of America had been value $1,283,000 as of its most up-to-date SEC submitting.

The golden catalyst we have been ready for (From Stansberry Analysis)

Plenty of different institutional traders and hedge funds have additionally not too long ago added to or decreased their stakes in BAC. Avondale Wealth Administration purchased a brand new stake in Financial institution of America within the third quarter valued at $30,000. WD Rutherford LLC purchased a brand new stake in shares of Financial institution of America within the third quarter valued at $33,000. Ten Capital Wealth Advisors LLC lifted its holdings in shares of Financial institution of America by 1,491.8% within the third quarter. Ten Capital Wealth Advisors LLC now owns 1,162 shares of the monetary providers supplier’s inventory valued at $35,000 after shopping for a further 1,089 shares throughout the interval. Capital Advisors Ltd. LLC lifted its holdings in shares of Financial institution of America by 35.1% within the third quarter. Capital Advisors Ltd. LLC now owns 1,500 shares of the monetary providers supplier’s inventory valued at $45,000 after shopping for a further 390 shares throughout the interval. Lastly, Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Financial institution of America by 58.0% within the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,593 shares of the monetary providers supplier’s inventory valued at $48,000 after shopping for a further 585 shares throughout the interval. Hedge funds and different institutional traders personal 68.34% of the corporate’s shares.

Insider exercise at Financial institution of America

In different Financial institution of America information, insider Matthew M. Koder offered 105,054 shares of the inventory in a transaction on Thursday, February twenty third. The shares had been offered at a mean worth of $34.27, for a complete worth of $3,600,200.58. Following the sale, the insider now immediately owns 319,803 shares within the firm, valued at $10,959,648.81. The transaction was disclosed in a doc filed with the SEC, which is obtainable on the SEC’s web site. In associated information, insider Matthew M. Koder offered 214,745 shares of Financial institution of America inventory in a transaction dated Thursday, February 2nd. The shares had been offered at a mean worth of $35.91, for a complete transaction of $7,711,492.95. Following the completion of the sale, the insider now owns 214,747 shares of the corporate’s inventory, valued at roughly $7,711,564.77. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable at this hyperlink. Additionally, insider Matthew M. Koder offered 105,054 shares of Financial institution of America inventory in a transaction dated Thursday, February twenty third. The inventory was offered at a mean worth of $34.27, for a complete transaction of $3,600,200.58. Following the completion of the sale, the insider now owns 319,803 shares of the corporate’s inventory, valued at roughly $10,959,648.81. The details about this sale may be discovered right here. 0.27% of the shares are presently owned by firm insiders.

Financial institution of America trades down 4.0%

Shares of NYSE:BAC opened at $27.82 on Friday. The inventory has a market cap of $222.67 billion, a PE ratio of 8.72, a P/E/G ratio of 1.22 and a beta of 1.40. Financial institution of America Co. has a 1 12 months low of $27.62 and a 1 12 months excessive of $44.63. The agency has a 50 day shifting common worth of $34.02 and a 200 day shifting common worth of $34.07. The corporate has a present ratio of 0.78, a fast ratio of 0.77 and a debt ratio of 1.13.

Financial institution of America (NYSE:BAC – Get Ranking ) final launched its quarterly earnings information on Friday, January thirteenth. The monetary providers supplier reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Financial institution of America had a internet margin of 23.93% and a return on fairness of 11.41%. The corporate had income of $24.50 billion throughout the quarter, in comparison with analyst estimates of $24.17 billion. In the identical quarter within the earlier 12 months, the corporate earned $0.82 in earnings per share. The corporate’s income within the quarter elevated by 11.1% year-on-year. Analysts count on Financial institution of America Co. will publish 3.38 EPS for the present fiscal 12 months.

Financial institution of America proclaims dividend

The agency additionally not too long ago disclosed a quarterly dividend, which might be paid on Friday, March thirty first. Buyers of report on Friday, March third might be issued a $0.22 dividend. The ex-dividend date for this dividend is Thursday, March 2. This represents an annual dividend of $0.88 and a yield of three.16%. Financial institution of America’s dividend yield is presently 27.59%.

Analyst Upgrades and Downgrades

A number of equities analysis analysts not too long ago issued reviews on the corporate. Citigroup boosted their worth goal on Financial institution of America from $36.00 to $38.00 in a report on Tuesday, January seventeenth. Oppenheimer boosted their worth goal on Financial institution of America from $50.00 to $53.00 and gave the inventory an “outperform” ranking in a analysis report on Thursday, February 2nd. Deutsche Financial institution Aktiengesellschaft lower Financial institution of America from a “purchase” ranking to a “maintain” ranking and dropped their goal worth for the corporate from $45.00 to $36.00 in a analysis report on Friday, January sixth. Barclays lowered their goal worth on Financial institution of America from $51.00 to $48.00 and set an “chubby” ranking for the corporate in a analysis report on Tuesday, January third. Lastly, Atlantic Securities lower Financial institution of America from an “chubby” ranking to a “impartial” ranking and set a $40.00 goal worth for the corporate. in a analysis report on Tuesday, January thirty first. Two analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking and 6 have issued a purchase ranking to the corporate. In keeping with information from MarketBeat, the inventory presently has a mean ranking of “Maintain” and a consensus worth goal of $40.16.

About Financial institution of America

(Get ranking)

Financial institution of America Corp. is a financial institution and monetary holding firm engaged within the provision of banking and non-banking monetary providers. It operates by way of the next segments: Client Banking, International Wealth and Funding Administration, International Banking, International Markets and Every part Else. The Client Banking section provides credit score, banking and funding services to customers and small companies.

Additionally see

This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat editorial workers previous to publication. Please ship questions or feedback about this story to contact@marketbeat.com.

Earlier than you take into account Financial institution of America, you may wish to hear this.

MarketBeat retains observe of Wall Road’s top-rated and best-performing analysis analysts and the shares they advocate to their purchasers each day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now, earlier than the broader market catches on… and Financial institution of America wasn’t on the listing.

Whereas Financial institution of America presently has a “Maintain” ranking amongst analysts, prime rated analysts imagine these 5 shares are higher buys.

See the 5 shares right here