Investors sold shares of Bank of America Corp. (NYSE:BAC) on strength during trading hours 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

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Bank of America Corp. in a research report on Saturday, April 9th. Barclays PLC reaffirmed a “hold” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Bank of America Corp. in a research report on Sunday, April 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Bank of America Corp. presently has an average rating of “Buy” and an average price target of $17.46.

The stock has a market capitalization of $143.65 billion and a PE ratio of 10.74. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $13.81.

Bank of America Corp. (NYSE:BAC) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ 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 previous year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities research analysts forecast that Bank of America Corp. will post $1.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 3rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, June 1st.

Other hedge funds and institutional investors have modified their holdings of the company. State of Tennessee Treasury Department raised its position in shares of Bank of America Corp. by 6.6% in the fourth quarter. State of Tennessee Treasury Department now owns 9,738,232 shares of the financial services provider’s stock valued at $163,894,000 after buying an additional 601,931 shares during the last quarter. Ashburton Jersey Ltd acquired a new position in shares of Bank of America Corp. during the fourth quarter valued at approximately $14,918,000. Affinity Investment Advisors LLC raised its position in shares of Bank of America Corp. by 1.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 1,377,155 shares of the financial services provider’s stock valued at $23,178,000 after buying an additional 13,040 shares during the last quarter. Gluskin Sheff & Assoc Inc. raised its position in shares of Bank of America Corp. by 103.3% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 224,404 shares of the financial services provider’s stock valued at $3,777,000 after buying an additional 114,050 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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.

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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