Atlantic Trust Group LLC grew its holdings in shares of Bank of America Corporation (NYSE:BAC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 748,562 shares of the financial services provider’s stock after purchasing an additional 15,437 shares during the period. Atlantic Trust Group LLC’s holdings in Bank of America Corporation were worth $18,160,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Tarbox Family Office Inc. raised its holdings in shares of Bank of America Corporation by 0.4% during the second quarter. Tarbox Family Office Inc. now owns 4,809 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 21 shares during the period. Capital Management Corp VA raised its holdings in shares of Bank of America Corporation by 0.3% during the second quarter. Capital Management Corp VA now owns 10,385 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 33 shares during the period. Gateway Advisory LLC raised its holdings in shares of Bank of America Corporation by 0.4% during the second quarter. Gateway Advisory LLC now owns 10,053 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 45 shares during the period. Arbor Investment Advisors LLC raised its holdings in shares of Bank of America Corporation by 0.3% during the second quarter. Arbor Investment Advisors LLC now owns 14,328 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 46 shares during the period. Finally, Lbmc Investment Advisors LLC increased its holdings in shares of Bank of America Corporation by 0.3% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 16,851 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 51 shares during the period. 62.19% of the stock is currently owned by institutional investors.

Shares of Bank of America Corporation (NYSE BAC) opened at $26.79 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The stock has a market cap of $273,699.22, a P/E ratio of 14.99, a PEG ratio of 1.82 and a beta of 1.31. Bank of America Corporation has a 52-week low of $19.68 and a 52-week high of $27.98.

Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.07 billion. Bank of America Corporation had a net margin of 20.66% and a return on equity of 8.33%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. research analysts anticipate that Bank of America Corporation will post 1.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 30th. Bank of America Corporation’s dividend payout ratio (DPR) is 27.43%.

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A number of research firms recently weighed in on BAC. BidaskClub cut shares of Bank of America Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Bank of America Corporation in a report on Sunday, October 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Bank of America Corporation in a report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Bank of America Corporation in a report on Friday, August 11th. Finally, Vetr raised shares of Bank of America Corporation from a “sell” rating to a “strong-buy” rating and set a $33.96 price objective on the stock in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Bank of America Corporation has an average rating of “Buy” and a consensus target price of $25.82.

Bank of America Corporation Company Profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

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Institutional Ownership by Quarter for Bank of America Corporation (NYSE:BAC)

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