Bank Amer Corp (BAC) Shareholder Darsana Capital Partners LP Has Upped Its Position

February 21, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Manikay Prtnrs owns 7.08% invested in Bank of America Corporation (NYSE:BAC) for 4.50M shares. Tokio Marine Asset Management Com stated it has 0.3% of its portfolio in Bank of America Corporation (NYSE:BAC). Zweig owns 0.07% invested in Bank of America Corporation (NYSE:BAC) for 29,795 shares. 2.59M are owned by Piedmont Investment Advisors Lc. Hudson Valley Invest Advsr Adv stated it has 182,847 shares. Stearns Financial Ser Grp invested 0.27% of its portfolio in Bank of America Corporation (NYSE:BAC). Bb&T Securities Limited Liability, a Virginia-based fund reported 1.58M shares. Stevens Capital Lp holds 1.31% of its portfolio in Bank of America Corporation (NYSE:BAC) for 1.39 million shares. Baldwin Brothers Ma has invested 1.28% in Bank of America Corporation (NYSE:BAC). Sirios Cap Management LP reported 3.35% in Bank of America Corporation (NYSE:BAC). Lee Danner & Bass accumulated 27,553 shares. Roundview Cap Ltd Limited Liability Company holds 229,142 shares or 1.62% of its portfolio. Architects Inc reported 3,390 shares. Blb&B Advsr Ltd reported 91,843 shares. Gabelli & Inv Advisers reported 108,729 shares.

Darsana Capital Partners Lp increased its stake in Bank Amer Corp (BAC) by 300% based on its latest 2017Q3 regulatory filing with the SEC. Darsana Capital Partners Lp bought 6.00 million shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 8.00M shares of the major banks company at the end of 2017Q3, valued at $202.72 million, up from 2.00 million at the end of the previous reported quarter. Darsana Capital Partners Lp who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $328.47 billion market cap company. The stock decreased 0.13% or $0.04 during the last trading session, reaching $31.93. About 58.57M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 21, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “No Reason to Sell Bank of America Corp Stock Just Yet” on February 14, 2018, also Wsj.com with their article: “Bank of America Hires Law Firm to Help Probe $292 Million Loss” published on February 07, 2018, Nasdaq.com published: “Bank of America Corp.’s Floating Rate Non-Cumulative Preferred Stock, Series 1 …” on February 12, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Wsj.com and their article: “Bank of America Chief to Receive $23 Million for 2017, a 15% Increase” published on February 09, 2018 as well as Marketwatch.com‘s news article titled: “Amazon and Bank of America have partnered for lending: report” with publication date: February 14, 2018.

Bank of America Corporation (NYSE:BAC) Ratings Coverage

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research downgraded Bank of America Corporation (NYSE:BAC) on Thursday, December 1 to “Hold” rating. On Friday, September 23 the stock rating was maintained by CLSA with “Outperform”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, July 21 by Jefferies. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, November 29. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Tuesday, October 3 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, December 6. As per Tuesday, July 18, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, June 14 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Credit Agricole on Friday, January 29. The firm earned “Hold” rating on Tuesday, November 8 by Deutsche Bank.

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