Bank of America Corporation (NYSE:BAC) is expected to pay $0.08 on Dec 30, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Bank of America Corporation’s current price of $20.30, the dividend is 0.37%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 28, 2016. The stock decreased 2.68% or $0.56 during the last trading session, hitting $20.3. About 7,283 shares traded hands. Bank of America Corp (NYSE:BAC) has risen 34.53% since April 26, 2016 and is uptrending. It has outperformed by 29.27% the S&P500.
Bank of America Corporation is a bank holding and financial holding company. The company has a market cap of $208.13 billion. The Firm is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, firms and governments with various banking, investing, asset management and other financial and risk management services and products. It has a 15.06 P/E ratio.
Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.11, from 0.9 in 2016Q1. The ratio improved, as 101 funds sold all Bank of America Corp shares owned while 529 reduced positions. 83 funds bought stakes while 482 increased positions. They now own 6.08 billion shares or 0.24% less from 6.09 billion shares in 2016Q1.
Pax Ww Mgmt Lc accumulated 61,340 shares or 0.05% of the stock. Hl Services Limited Liability has 0.06% invested in the company for 186,225 shares. Convergence Inv Prns Ltd holds 0.05% of its portfolio in Bank of America Corp (NYSE:BAC) for 28,212 shares. Sumitomo Mitsui Asset Mgmt last reported 795,237 shares in the company. Ajo Ltd Partnership last reported 2.05% of its portfolio in the stock. The Texas-based Fca Corporation Tx has invested 0.12% in Bank of America Corp (NYSE:BAC). Huber Capital Management Lc last reported 1.89% of its portfolio in the stock. The Japan-based Norinchukin Financial Bank The has invested 0.07% in Bank of America Corp (NYSE:BAC). Baker Ellis Asset Ltd Liability Company reported 12,600 shares or 0.05% of all its holdings. Lockheed Martin Investment Management holds 541,000 shares or 0.71% of its portfolio. Suffolk Cap Mgmt Llc has invested 0.02% of its portfolio in Bank of America Corp (NYSE:BAC). Hoertkorn Richard Charles holds 4.39% of its portfolio in Bank of America Corp (NYSE:BAC) for 414,475 shares. Hbk Sorce Advisory Limited Liability Company holds 0.17% of its portfolio in Bank of America Corp (NYSE:BAC) for 59,382 shares. Homrich Berg accumulated 0.02% or 19,542 shares. Mechanics Comml Bank Department has invested 0.05% of its portfolio in Bank of America Corp (NYSE:BAC).
Insider Transactions: Since August 2, 2016, the stock had 2 buys, and 1 sale for $11.52 billion net activity. The insider WHITE MICHAEL D bought 25,000 shares worth $503,500. Woods Thomas D bought 25,000 shares worth $353,250. On Monday, August 15 the insider YNOFACE Holdings Inc sold $11.52B.
Bank of America Corp (NYSE:BAC) Ratings Coverage
Out of 23 analysts covering Bank of America (NYSE:BAC), 12 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 52% are positive. Bank of America has been the topic of 47 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, September 1 by Macquarie Research. The firm has “Market Perform” rating given on Monday, May 16 by Keefe Bruyette & Woods. The stock of Bank of America Corp (NYSE:BAC) has “Buy” rating given on Wednesday, October 7 by Jefferies. The company was maintained on Tuesday, January 26 by Deutsche Bank. CLSA maintained it with “Outperform” rating and $18 target price in Friday, September 23 report. Societe Generale downgraded Bank of America Corp (NYSE:BAC) on Tuesday, September 13 to “Hold” rating. The company was upgraded on Tuesday, August 25 by Bernstein. As per Monday, May 16, the company rating was downgraded by Wood. The stock of Bank of America Corp (NYSE:BAC) earned “Neutral” rating by Robert W. Baird on Tuesday, August 25. The firm has “Outperform” rating by Oppenheimer given on Saturday, September 5.
More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: “How to Buy Bank of America Corp (BAC) Stock on the Cheap” on November 28, 2016, also Investorplace.com with their article: “Wednesday’s Vital Data: Bank of America Corp (BAC), Apple Inc. (AAPL) and AT&T …” published on November 23, 2016, Investorplace.com published: “Bank of America Corp (BAC) Stock: Is the Trump Boost Over?” on November 17, 2016. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: “Bank of America Corp (BAC) Stock Is STILL Cheap, Somehow” published on November 11, 2016 as well as Wsj.com‘s news article titled: “Justice Department ‘Hustle’ Case Against Bank of America Dies” with publication date: November 22, 2016.
BAC Company Profile
Bank of America Corporation, incorporated on July 31, 1998, is a bank holding firm (BHC) and a financial holding company. The Firm is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, firms and governments with a range of banking, investing, asset management and other financial and risk management services and products. The Company’s divisions include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, Global Markets, Legacy Assets & Servicing (LAS) and All Other. Through its banking and various nonbank subsidiaries throughout the United States and international markets, the Company provides a range of banking and nonbank financial services and products.
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