Bank Pictet & Cie Asia Ltd. continued to hold its position in Bank of America Corporation (NYSE:BAC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the financial services provider’s stock at the end of the second quarter. Bank Pictet & Cie Asia Ltd.’s holdings in Bank of America Corporation were worth $243,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Tarbox Family Office Inc. lifted its holdings in Bank of America Corporation by 0.4% during the 2nd quarter. Tarbox Family Office Inc. now owns 4,809 shares of the financial services provider’s stock worth $117,000 after buying an additional 21 shares during the last quarter. Capital Management Corp VA lifted its holdings in shares of Bank of America Corporation by 0.3% in the 2nd 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 last quarter. Gateway Advisory LLC lifted its holdings in shares of Bank of America Corporation by 0.4% in the 2nd 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 last quarter. Arbor Investment Advisors LLC lifted its holdings in shares of Bank of America Corporation by 0.3% in the 2nd 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 last quarter. Finally, Lbmc Investment Advisors LLC lifted 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 purchasing an additional 51 shares during the last quarter. 62.19% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on BAC shares. Instinet reissued a “buy” rating and issued a $27.00 price target on shares of Bank of America Corporation in a report on Saturday, July 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $26.00 price target on shares of Bank of America Corporation in a report on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price target on shares of Bank of America Corporation in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Bank of America Corporation in a report on Friday, October 13th. Finally, Vetr raised Bank of America Corporation from a “hold” rating to a “buy” rating and set a $26.59 price target on the stock in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned 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 presently has a consensus rating of “Buy” and an average target price of $25.82.

Shares of Bank of America Corporation (NYSE BAC) opened at $26.40 on Tuesday. The stock has a market capitalization of $276,515.47, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.84 and a beta of 1.31. Bank of America Corporation has a 12-month low of $19.40 and a 12-month high of $27.98. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.91.

Bank of America Corporation (NYSE:BAC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.07 billion. Bank of America Corporation had a return on equity of 8.33% and a net margin of 20.66%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. equities analysts forecast that Bank of America Corporation will post 1.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be given a $0.12 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.82%. Bank of America Corporation’s dividend payout ratio is currently 27.43%.

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About Bank of America Corporation

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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