Investors sold shares of Bank of America Corp. (NYSE:BAC) on strength during trading hours on Tuesday. $160.95 million flowed into the stock on the tick-up and $224.47 million flowed out of the stock on the tick-down, for a money net flow of $63.52 million out of the stock. Of all equities tracked, Bank of America Corp. had the 0th highest net out-flow for the day. Bank of America Corp. traded up $0.33 for the day and closed at $13.54

Several equities analysts recently issued reports on the stock. FBR & Co reaffirmed a “buy” rating on shares of Bank of America Corp. in a report on Sunday, April 17th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Bank of America Corp. in a report on Thursday, July 7th. Vetr lowered shares of Bank of America Corp. from a “strong-buy” rating to a “buy” rating and set a $15.82 price target on the stock. in a report on Thursday, April 14th. Societe Generale reaffirmed a “buy” rating on shares of Bank of America Corp. in a report on Monday, April 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bank of America Corp. in a report on Saturday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $17.56.

The firm’s 50 day moving average is $13.74 and its 200-day moving average is $13.84. The stock has a market capitalization of $142.39 billion and a price-to-earnings ratio of 10.64.

Bank of America Corp. (NYSE:BAC) last issued its earnings results on Thursday, April 14th. The financial services provider reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. During the same period in the previous year, the firm earned $0.27 EPS. The firm earned $20.90 billion during the quarter, compared to analysts’ expectations of $20.30 billion. The firm’s revenue was down 8.0% on a year-over-year basis. Equities analysts forecast that Bank of America Corp. will post $1.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Wednesday, June 1st.

Other hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Bank of America Corp. by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 585,080,310 shares of the financial services provider’s stock valued at $9,846,901,000 after buying an additional 11,856,256 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bank of America Corp. by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 48,502,101 shares of the financial services provider’s stock valued at $816,367,000 after buying an additional 281,039 shares during the last quarter. Standard Life Investments LTD increased its stake in shares of Bank of America Corp. by 9.2% in the fourth quarter. Standard Life Investments LTD now owns 32,739,777 shares of the financial services provider’s stock valued at $551,175,000 after buying an additional 2,759,595 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Bank of America Corp. by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 28,870,934 shares of the financial services provider’s stock valued at $492,249,000 after buying an additional 422,034 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Bank of America Corp. by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 14,364,629 shares of the financial services provider’s stock valued at $241,757,000 after buying an additional 367,629 shares during the period.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.

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