Wiley BROS. Aintree Capital LLC Lowers Stock Position in Bank of America Co. (NYSE:BAC)

Wiley BROS. Aintree Capital LLC reduced its stake in shares of Bank of America Co. (NYSE:BAC) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,282 shares of the financial services provider’s stock after selling 497 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Bank of America were worth $440,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BAC. Avondale Wealth Management purchased a new position in Bank of America in the 3rd quarter worth approximately $30,000. WD Rutherford LLC purchased a new position in Bank of America in the 3rd quarter worth approximately $33,000. Ten Capital Wealth Advisors LLC lifted its holdings in Bank of America by 1,491.8% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 1,162 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,089 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Bank of America by 35.1% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,500 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 390 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC lifted its holdings in Bank of America by 58.0% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 1,593 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 585 shares in the last quarter. 68.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Matthew M. Koder sold 105,054 shares of the company’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $34.27, for a total value of $3,600,200.58. Following the transaction, the insider now owns 319,803 shares of the company’s stock, valued at approximately $10,959,648.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bank of America news, insider Matthew M. Koder sold 214,745 shares of the company’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $35.91, for a total value of $7,711,492.95. Following the completion of the sale, the insider now directly owns 214,747 shares in the company, valued at approximately $7,711,564.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew M. Koder sold 105,054 shares of the company’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $34.27, for a total value of $3,600,200.58. Following the completion of the sale, the insider now owns 319,803 shares of the company’s stock, valued at $10,959,648.81. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods cut Bank of America from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $35.00 to $33.00 in a report on Wednesday, February 8th. Morgan Stanley reduced their price objective on Bank of America from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 15th. Oppenheimer lifted their price objective on Bank of America from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. StockNews.com started coverage on Bank of America in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Barclays reduced their price objective on Bank of America from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.16.

Bank of America Stock Performance

Shares of Bank of America stock opened at $27.82 on Friday. The stock’s fifty day moving average is $34.02 and its two-hundred day moving average is $34.07. The company has a market capitalization of $222.67 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 1.13. Bank of America Co. has a 52 week low of $27.62 and a 52 week high of $44.63.

Bank of America (NYSE:BAC – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $24.17 billion. Bank of America had a return on equity of 11.41% and a net margin of 23.93%. Bank of America’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, analysts expect that Bank of America Co. will post 3.38 earnings per share for the current year.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, March 2nd. Bank of America’s dividend payout ratio (DPR) is presently 27.59%.

Bank of America Profile

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Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.