Seminole Management Lifted Bank Amer Corp (BAC) Position by $3.39 Million

June 19, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.09, from 1.01 in 2016Q3. It improved, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. Central Financial Bank And Trust has invested 0.03% of its portfolio in Bank of America Corp (NYSE:BAC). Rand Wealth owns 206,893 shares. Southeast Asset Incorporated holds 0.47% or 67,848 shares. Rech Global Invsts, California-based fund reported 12.97 million shares. Old Mutual Customised Solutions (Proprietary) reported 0.85% in Bank of America Corp (NYSE:BAC). Brookstone Cap Mgmt owns 57,994 shares or 0.14% of their US portfolio. Ronald Blue & Ltd Liability Corp reported 111,120 shares. First Pacific Limited Liability Company holds 4.8% of its portfolio in Bank of America Corp (NYSE:BAC) for 27.24M shares. 10,915 are held by Dubuque Bancshares. Ridgeworth Capital Management Ltd Liability Co owns 418,295 shares or 0.08% of their US portfolio. Accredited Investors invested in 0.07% or 11,935 shares. Los Angeles Capital Mgmt Equity Rech invested in 0.77% or 4.48M shares. Moreover, Hodges Cap Mgmt has 0.17% invested in Bank of America Corp (NYSE:BAC) for 162,547 shares. Td Asset Management has 5.95M shares for 0.22% of their portfolio. Nepsis Capital Incorporated has 4.93% invested in Bank of America Corp (NYSE:BAC) for 389,346 shares.

Michael Messner increased its stake in Bank Amer Corp (BAC) by 10.21% based on its latest 2016Q4 regulatory filing with the SEC. Seminole Management bought 153,881 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Michael Messner held 1.66M shares of the major banks company at the end of 2016Q4, valued at $36.71M, up from 1.51M at the end of the previous reported quarter. Seminole Management who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $236.94B market cap company. The stock rose 2.09% or $0.49 reaching $23.92 per share. About 8.27M shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since June 19, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Seminole Management, which manages about $3.29B and $516.10M US Long portfolio, decreased its stake in Hp Inc by 478,651 shares to 1.33 million shares, valued at $19.71 million in 2016Q4, according to the filing. It also reduced its holding in Delta Air Lines Inc Del (NYSE:DAL) by 293,656 shares in the quarter, leaving it with 770,341 shares, and cut its stake in American Intl Group Inc (NYSE:AIG).

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: “Bank of America Corp (BAC) Stock Is a Hike Away From Breaking Out” on June 09, 2017, also Reuters.com with their article: “Bank of America targets growth in international cash management” published on June 14, 2017, Benzinga.com published: “Bank of America Upgraded To 3.5 Stars By Vetr” on June 16, 2017. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Livetradingnews.com and their article: “Bank of America Corp (NYSE:BAC) HEFFX Highlights” published on June 19, 2017 as well as Investorplace.com‘s news article titled: “Bank of America Corp (BAC) Stock Will Return to Bull Mode Soon” with publication date: June 13, 2017.

Bank of America Corp (NYSE:BAC) Ratings Coverage

Among 27 analysts covering Bank of America (NYSE:BAC), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Bank of America had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 5. The stock of Bank of America Corp (NYSE:BAC) earned “Neutral” rating by UBS on Wednesday, January 11. The stock of Bank of America Corp (NYSE:BAC) earned “Buy” rating by Citigroup on Wednesday, January 11. Wood maintained the shares of BAC in report on Friday, April 7 with “Outperform” rating. Atlantic Securities upgraded Bank of America Corp (NYSE:BAC) on Wednesday, December 21 to “Overweight” rating. The firm earned “Outperform” rating on Friday, January 29 by Credit Agricole. BMO Capital Markets maintained Bank of America Corp (NYSE:BAC) on Wednesday, April 12 with “Hold” rating. Berenberg initiated Bank of America Corp (NYSE:BAC) rating on Wednesday, July 13. Berenberg has “Buy” rating and $15 target. The stock has “Neutral” rating by UBS on Wednesday, August 26. The rating was upgraded by Societe Generale on Wednesday, January 11 to “Buy”.

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