Bank of America Corporation (BAC) Stake Held by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. maintained its position in shares of Bank of America Corporation (NYSE:BAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,000 shares of the financial services provider’s stock at the close of the 2nd quarter. Campbell Newman Asset Management Inc.’s holdings in Bank of America Corporation were worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Girard Partners LTD. boosted its stake in shares of Bank of America Corporation by 18.0% in the first quarter. Girard Partners LTD. now owns 29,062 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 4,438 shares during the period. Boston Partners boosted its stake in shares of Bank of America Corporation by 0.5% in the first quarter. Boston Partners now owns 75,404,921 shares of the financial services provider’s stock worth $1,778,802,000 after acquiring an additional 368,898 shares during the period. Henderson Group PLC boosted its stake in shares of Bank of America Corporation by 30.7% in the first quarter. Henderson Group PLC now owns 1,979,505 shares of the financial services provider’s stock worth $46,706,000 after acquiring an additional 465,517 shares during the period. HPM Partners LLC boosted its stake in shares of Bank of America Corporation by 682.6% in the first quarter. HPM Partners LLC now owns 97,823 shares of the financial services provider’s stock worth $2,308,000 after acquiring an additional 85,323 shares during the period. Finally, Pekin Singer Strauss Asset Management IL boosted its stake in shares of Bank of America Corporation by 12.2% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 27,640 shares of the financial services provider’s stock worth $652,000 after acquiring an additional 3,000 shares during the period. 62.19% of the stock is owned by institutional investors and hedge funds.

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Shares of Bank of America Corporation (NYSE BAC) opened at $26.51 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. Bank of America Corporation has a twelve month low of $18.63 and a twelve month high of $27.98. The stock has a market capitalization of $276,515.47, a PE ratio of 15.15, a P/E/G ratio of 1.84 and a beta of 1.31.

Bank of America Corporation (NYSE:BAC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $22.07 billion. During the same period in the previous year, the firm posted $0.41 EPS. Bank of America Corporation’s revenue was up 2.1% compared to the same quarter last year. equities research analysts anticipate that Bank of America Corporation will post 1.8 earnings per share for the current year.

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

A number of equities analysts have recently weighed in on BAC shares. BidaskClub lowered Bank of America Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Bank of America Corporation in a research report on Thursday, July 20th. UBS AG reiterated a “neutral” rating and issued a $26.00 target price on shares of Bank of America Corporation in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $30.00 target price (up from $29.00) on shares of Bank of America Corporation in a research report on Friday, July 21st. Finally, Instinet reiterated a “buy” rating and issued a $27.00 target price on shares of Bank of America Corporation in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.82.

Bank of America Corporation 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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