Investors sold shares of Bank of America Corp. (NYSE:BAC) on strength during trading on Thursday. $177.19 million flowed into the stock on the tick-up and $193.72 million flowed out of the stock on the tick-down, for a money net flow of $16.53 million out of the stock. Of all stocks tracked, Bank of America Corp. had the 0th highest net out-flow for the day. Bank of America Corp. traded up $0.21 for the day and closed at $13.65

BAC has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Bank of America Corp. from $16.50 to $16.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $17.00 price objective on shares of Bank of America Corp. in a research note on Friday, April 1st. Wells Fargo & Co. restated an “outperform” rating on shares of Bank of America Corp. in a research note on Sunday, March 20th. Vetr upgraded shares of Bank of America Corp. from a “buy” rating to a “strong-buy” rating and set a $15.22 price objective for the company in a research note on Tuesday, March 29th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $18.00 price objective on shares of Bank of America Corp. in a research note on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.46.

The firm has a market cap of $143.55 billion and a P/E ratio of 10.73. The stock’s 50 day moving average price is $13.67 and its 200-day moving average price is $13.84.

Bank of America Corp. (NYSE:BAC) last announced its earnings results on Thursday, April 14th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $20.90 billion for the quarter, compared to analysts’ expectations of $20.30 billion. During the same period in the prior year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts predict that Bank of America Corp. will post $1.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, June 1st.

A number of large investors have recently made changes to their positions in BAC. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Bank of America Corp. by 0.3% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 59,596 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 200 shares during the period. Parsons Capital Management Inc. RI raised its stake in shares of Bank of America Corp. by 8.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 59,757 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 4,800 shares during the period. Brighton Jones LLC raised its stake in shares of Bank of America Corp. by 11.2% in the fourth quarter. Brighton Jones LLC now owns 63,794 shares of the financial services provider’s stock valued at $1,074,000 after buying an additional 6,412 shares during the period. Meridian Investment Counsel Inc. raised its stake in shares of Bank of America Corp. by 10.9% in the fourth quarter. Meridian Investment Counsel Inc. now owns 70,410 shares of the financial services provider’s stock valued at $1,185,000 after buying an additional 6,905 shares during the period. Finally, Columbia Asset Management raised its stake in shares of Bank of America Corp. by 0.9% in the fourth quarter. Columbia Asset Management now owns 71,118 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 603 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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