Mark Sheptoff Financial Planning LLC boosted its stake in shares of Bank of America Corporation (NYSE:BAC) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,690 shares of the financial services provider’s stock after buying an additional 399 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Bank of America Corporation were worth $235,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BAC. Investec Asset Management LTD raised its holdings in Bank of America Corporation by 163.4% during the 1st quarter. Investec Asset Management LTD now owns 10,540,710 shares of the financial services provider’s stock valued at $248,655,000 after buying an additional 6,538,908 shares during the period. Karp Capital Management Corp purchased a new stake in Bank of America Corporation during the 1st quarter valued at $91,522,000. APG Asset Management N.V. raised its holdings in Bank of America Corporation by 14.8% during the 2nd quarter. APG Asset Management N.V. now owns 30,054,575 shares of the financial services provider’s stock valued at $729,124,000 after buying an additional 3,868,186 shares during the period. Artisan Partners Limited Partnership raised its holdings in Bank of America Corporation by 56.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 10,462,017 shares of the financial services provider’s stock valued at $246,799,000 after buying an additional 3,764,582 shares during the period. Finally, Hexavest Inc. purchased a new stake in Bank of America Corporation during the 2nd quarter valued at $63,918,000. Institutional investors own 62.34% of the company’s stock.

Several analysts recently weighed in on the company. BidaskClub lowered Bank of America Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday. Vetr upgraded Bank of America Corporation from a “sell” rating to a “strong-buy” rating and set a $33.96 price target on the stock in a report on Tuesday. J P Morgan Chase & Co increased their price target on Bank of America Corporation from $27.50 to $28.50 and gave the company an “overweight” rating in a report on Wednesday, November 1st. UBS AG set a $27.00 price target on Bank of America Corporation and gave the company a “hold” rating in a report on Monday, October 16th. Finally, Nomura increased their price target on Bank of America Corporation from $28.00 to $30.00 and gave the company a “buy” rating in a report on Monday, October 16th. Two 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 given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.82.

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Shares of Bank of America Corporation (NYSE:BAC) opened at $26.51 on Friday. 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 firm has a market capitalization of $276,306.88, a PE ratio of 15.14, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. Bank of America Corporation has a twelve month low of $18.63 and a twelve month high of $27.98.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, November 30th. Bank of America Corporation’s payout ratio is 27.43%.

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.

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

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