Roundview Capital LLC raised its position in Bank of America Corp (NYSE:BAC) by 0.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,048 shares of the financial services provider’s stock after buying an additional 80 shares during the period. Bank of America Corp accounts for 1.8% of Roundview Capital LLC’s portfolio, making the stock its 6th largest position. Roundview Capital LLC’s holdings in Bank of America Corp were worth $5,504,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in BAC. Proficio Capital Partners LLC raised its position in Bank of America Corp by 5.7% in the third quarter. Proficio Capital Partners LLC now owns 6,457 shares of the financial services provider’s stock worth $101,000 after buying an additional 346 shares during the period. Empirical Finance LLC purchased a new position in Bank of America Corp during the fourth quarter worth $103,000. Blue Bell Private Wealth Management LLC raised its position in Bank of America Corp by 8.8% in the third quarter. Blue Bell Private Wealth Management LLC now owns 7,401 shares of the financial services provider’s stock worth $116,000 after buying an additional 600 shares during the period. JJJ Advisors Inc. purchased a new position in Bank of America Corp during the fourth quarter worth $154,000. Finally, Global Endowment Management LP purchased a new position in Bank of America Corp during the third quarter worth $158,000. Institutional investors and hedge funds own 63.95% of the company’s stock.
Shares of Bank of America Corp (NYSE:BAC) traded down 1.56% on Friday, reaching $22.71. The company had a trading volume of 127,235,359 shares. The company has a 50-day moving average price of $23.81 and a 200-day moving average price of $21.67. The firm has a market cap of $238.83 billion, a P/E ratio of 15.17 and a beta of 1.47. Bank of America Corp has a one year low of $12.05 and a one year high of $25.80.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 3rd were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $0.30 annualized dividend and a dividend yield of 1.32%. Bank of America Corp’s dividend payout ratio is presently 21.74%.
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A number of equities research analysts have commented on BAC shares. Rafferty Capital Markets reissued a “buy” rating and issued a $19.00 target price on shares of Bank of America Corp in a report on Wednesday, January 11th. Morgan Stanley reissued a “buy” rating and issued a $17.00 target price on shares of Bank of America Corp in a report on Wednesday, January 11th. Jefferies Group LLC reissued a “buy” rating and issued a $24.00 target price on shares of Bank of America Corp in a report on Wednesday, January 11th. Instinet reissued a “buy” rating and issued a $19.00 target price on shares of Bank of America Corp in a report on Wednesday, January 11th. Finally, FBR & Co reaffirmed a “buy” rating and set a $21.00 price target on shares of Bank of America Corp in a research note on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.37.
Bank of America Corp Company Profile
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international 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.
