Published: Wed, December 06, 2017
Markets | By Noel Gibbs

Bank of America Corp (BAC) Shares Bought by Rench Wealth Management Inc

Bank of America Corp (BAC) Shares Bought by Rench Wealth Management Inc

Shares of Bank of America Corp (NYSE:BAC) opened at $28.10 on Monday. Moody Bankshares Trust Division holds 63,133 shares or 0.08% of its portfolio. Bank Of America Corp now has $303.06B valuation.

The highest price BAC stock touched in the last 12 month was $29.31 and the lowest price it hit in the same period was $21.46.

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A total of 143.96 Billion shares exchanged at hands and its average trading volume is standing at 68.18 Million shares.

Bank of America (NYSE:BAC) last posted its earnings results on Friday, October 13th. It has outperformed by 41.94% the S&P500. Finally, Credit Suisse Group AG boosted their target price on shares of Bank of America Corp to $27.00 and gave the stock an "outperform" rating in a report on Thursday, March 16th. Chicago Partners Investment Group LLC now owns 4,531 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 450 shares during the last quarter. The stock decreased 4.59% or $0.05 during the last trading session, reaching $1.04. About shares traded. Sharing Services, Inc. prior to reverse merger with Total Travel Media, Inc. The Home Depot, Inc. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Investors of record on Friday, December 1st will be given a $0.12 dividend. For the most recent quarter, quick ratio was 0.00, current ratio was 0.00, LT Debt/Equity ratio was 0.88 and Total Debt/Equity ratio stands at 1.79, while Payout ratio is 18.70%. It dived, as 79 investors sold BAC shares while 543 reduced holdings.

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Several other institutional investors and hedge funds have also made changes to their positions in BAC. Voloridge Inv Mngmt Limited Liability invested in 2.46 million shares or 1.49% of the stock. Peapack Gladstone Fincl Corp has invested 0% in The Home Depot, Inc. Norris Perne And French Llp Mi invested in 13,723 shares. (NYSE:HD). Old Mutual Customised Solutions (Proprietary) Ltd has 0.41% invested in The Home Depot, Inc. The company holds 10.47 billion outstanding shares and 10.42 billion shares are floating in market. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Stifel Financial holds 0.03% of its portfolio in CME Group Inc. (NYSE:HD) for 27,220 shares. Institutional owners hold 70.30% stake in the company, while insiders ownership held at 0.08%. (NYSE:HD) for 9,800 shares. Sumitomo Mitsui Asset Mngmt Co Limited accumulated 0.11% or 52,958 shares. Blue Fincl Cap invested 0.5% in The Home Depot, Inc. The Missouri-based Community Fincl Bank Of Raymore has invested 0.81% in Bank of America Corporation (NYSE:BAC). Hall Laurie J Trustee accumulated 12,732 shares. Mountain Pacific Investment Advisers Id holds 0.05% of its portfolio in The Home Depot, Inc. In this case, shares are up 2.21%, the 52-week high touched on December 04, 2017, and are keeping their losses at 23.99% for the past 12 months. Cap Mgmt Corp Va invested in 10,385 shares or 0.08% of the stock. 284,735 are held by Fjarde Ap.

Among 18 analysts covering Melrose PLC (LON:MRO), 15 have Buy rating, 0 Sell and 3 Hold. Stephens Inc Ar has invested 0.7% in Bank of America Corporation (NYSE:BAC). Anadarko Petroleum Corporation had 109 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of BAC in report on Tuesday, October 31 with "Hold" rating. The firm has a market capitalization of $293,100.16, a price-to-earnings ratio of 16.06, a PEG ratio of 1.94 and a beta of 1.31. The rating was downgraded by Deutsche Bank to "Hold" on Tuesday, November 8. The firm earned "Overweight" rating on Wednesday, November 22 by JP Morgan. On Wednesday, August 26 the stock rating was upgraded by UBS to "Neutral". As per Thursday, February 4, the company rating was maintained by Liberum Capital. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the stock. Therefore 67% are positive. Jefferies Group reaffirmed a "buy" rating and set a $28.00 target price on shares of Bank of America in a research note on Friday, August 11th. The rating was maintained by Citigroup on Wednesday, January 11 with "Buy". Stifel Nicolaus upgraded the stock to "Buy" rating in Thursday, December 1 report. Stifel Nicolaus has "Buy" rating and $7700 target. The firm earned "Outperform" rating on Friday, January 22 by RBC Capital Markets.

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