Trexquant Investment LP Buys New Position in Bank of America (BAC)

Lloyd Doyle
May 17, 2018

The stock price moved -5.54% off its 50 Day low and changed 9.81% to its 50 Day high. Now the institutional investor is holding 667,041 shares, compared to the 546,849 from the previous quarter. $316.05 billion is Bank Amer Corp's market cap. About 64.43M shares traded.

In total 16 analysts cover Bank of America (NYSE:BAC). BAC outperformed by 16.63% the S&P 500. Connor Clark Lunn Inv Mgmt Ltd reported 1.06 million shs or 0.18% of all its holdings. Gluskin Sheff & Assoc Inc. raised its holdings in shares of Bank of America by 45.9% during the third quarter. CT now owns 187,082 shares of the financial services provider's stock valued at $4,741,000 after acquiring an additional 15,983 shares during the last quarter. Anheuser now has $181.88 billion valuation. The company had a trading volume of 43,555,281 shares, compared to its average volume of 72,340,781. Anheuser-Busch InBev SA/NV (NYSE:BUD) has declined 3.50% since May 16, 2017 and is downtrending. It has underperformed by 27.27% the S&P500. CT raised its holdings in shares of Bank of America by 9.3% during the third quarter.

Bank of America Corporation (NYSE:BAC) and The Progressive Corporation (NYSE:PGR) are the two most active stocks in the Money Center Banks industry based on today's trading volumes. BAC's profit will be $6.49 billion for 12.20 P/E if the $0.64 EPS becomes a reality. Bank of America's dividend payout ratio (DPR) is now 26.23%.

Among 16 analysts covering Bank of America (NYSE:BAC), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Bank of America has a 52-week low of $30.85 and a 52-week high of $31.36. To get a sense of "value" we must compare the current price to some measure of intrinsic value such as a price target. On Monday, April 16 the rating was initiated by Vining Sparks with "Buy". Vetr upgraded shares of Bank of America from a "hold" rating to a "buy" rating and set a $34.16 price target for the company in a research note on Thursday, March 1st. 20 are the (NYSE:BAC)'s ratings reports on 15 May 2018 according to StockzIntelligence Inc. On Tuesday, April 24 the firm has "Neutral" rating given by Citigroup. Robert W. Baird maintained the shares of BAC in report on Friday, September 29 with "Hold" rating. They issued a "buy" rating and a $35.00 price target for the company. The firm has "Buy" rating given on Tuesday, August 25 by Deutsche Bank. The firm has "Buy" rating by Sandler O'Neill given on Friday, January 19. The company was maintained on Friday, January 19 by Sandler O'Neill. RBC Capital Markets has "Buy" rating and $2600 target. Its down 0.05, from 1.74 in 2017Q3. 162 funds took stakes and 585 increased stakes. Wharton Business Group Limited Liability Corp invested 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC). BAC's ROI is 4.80% while PGR has a ROI of 13.10%. 627,461 were reported by Cap Fin Advisers Ltd Company. Sage Fincl invested in 1,028 shares. Moreover, Proshare Advsr Ltd Company has 0.05% invested in National HealthCare Corporation (NYSEAMERICAN:NHC) for 124,201 shares. Hirtle Callaghan Com Lc holds 12,000 shares or 0.03% of its portfolio. 832,223 are held by Torray Ltd Liability Corp.

The stock for Bank of America Corporation (BAC) might rise again but it depends on different financial, technical and market conditions. Finemark Bank & Trust Tru stated it has 52,726 shs. Neumann Mngmt Limited Liability Com invested in 121,225 shares. Benjamin F Edwards And holds 35,372 shares.

More notable recent Anheuser-Busch InBev SA/NV (NYSE:BUD) news were published by: Seekingalpha.com which released: "This BUD's For Me..." It also reduced its holding in Pvh Corp (NYSE:PVH) by 40,062 shares in the quarter, leaving it with 3,788 shares, and cut its stake in Sina Corp (NASDAQ:SINA). The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with "Buy".


Analysts await Anheuser-Busch InBev SA/NV (NYSE:BUD) to report earnings on July, 26.

The counter witnessed a trading volume of 1.14 million shares versus an average volume of 0.89 million shares during last trading session.

But there are also long-term estimations, such as the EPS growth for the next five years, and here it stands at 21.73%. The organization posted $0.62 earnings per share (EPS) for the three-month period, missing the Thomson Reuters' analyst consensus estimate of $0.59 by $0.03- amounting to a surprise factor of 4.68%.

Investors sentiment decreased to 0.96 in 2017 Q4. Vanguard Gp invested in 895,165 shares. Ifc Hldgs Fl reported 133,431 shares or 0.27% of all its holdings. Tiaa Cref Mngmt Llc reported 61,577 shares stake. Baldwin Brothers Inc Ma has invested 0.05% in Anheuser-Busch InBev SA/NV (NYSE:BUD). First Allied Advisory invested in 2,837 shares. The Financial stock showed a change of 0.97% from opening and finally closed at $31.22 by scoring 0.32%. Rockland Tru holds 155,488 shares.

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