Investors sold shares of Bank of America Corp. (NYSE:BAC) on strength during trading on Tuesday. $206.45 million flowed into the stock on the tick-up and $304.98 million flowed out of the stock on the tick-down, for a money net flow of $98.53 million out of the stock. Of all companies tracked, Bank of America Corp. had the 5th highest net out-flow for the day. Bank of America Corp. traded up $0.15 for the day and closed at $14.26

A number of brokerages have issued reports on BAC. Vetr lowered shares of Bank of America Corp. from a “strong-buy” rating to a “buy” rating and set a $14.91 price target on the stock. in a research note on Thursday, March 31st. Citigroup Inc. boosted their price target on shares of Bank of America Corp. from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Sunday, April 17th. Credit Suisse Group AG reiterated a “buy” rating on shares of Bank of America Corp. in a research note on Thursday, April 14th. Deutsche Bank AG reiterated a “buy” rating on shares of Bank of America Corp. in a research note on Tuesday, April 12th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Bank of America Corp. in a research note on Saturday, April 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Bank of America Corp. presently has a consensus rating of “Buy” and an average price target of $17.41.

The stock has a market capitalization of $149.96 billion and a price-to-earnings ratio of 11.21. The firm’s 50-day moving average price is $13.63 and its 200 day moving average price is $13.75.

Bank of America Corp. (NYSE:BAC) last issued its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. During the same quarter last year, the firm posted $0.45 earnings per share. The firm earned $20.60 million during the quarter, compared to the consensus estimate of $20.41 billion. Bank of America Corp.’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that Bank of America Corp. will post $1.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, June 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.40%.

A number of hedge funds and institutional investors recently modified their holdings of BAC. Cibc World Markets Corp bought a new position in shares of Bank of America Corp. during the fourth quarter worth approximately $69,933,000. Baxter Bros Inc. increased its position in shares of Bank of America Corp. by 32.4% in the fourth quarter. Baxter Bros Inc. now owns 91,379 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 22,377 shares during the last quarter. BOKF NA increased its position in shares of Bank of America Corp. by 1.2% in the fourth quarter. BOKF NA now owns 338,845 shares of the financial services provider’s stock worth $5,703,000 after buying an additional 3,978 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Bank of America Corp. by 4.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 1,534,841 shares of the financial services provider’s stock worth $25,831,000 after buying an additional 63,115 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Bank of America Corp. by 4.7% in the fourth quarter. Victory Capital Management Inc. now owns 5,877,987 shares of the financial services provider’s stock worth $98,927,000 after buying an additional 265,186 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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