National Mutual Insurance Federation of Agricultural Cooperatives Has $2,535,000 Holdings in Bank of America Corporation (BAC)

National Mutual Insurance Federation of Agricultural Cooperatives continued to hold its position in Bank of America Corporation (NYSE:BAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,500 shares of the financial services provider’s stock at the close of the 2nd quarter. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in Bank of America Corporation were worth $2,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Bank of America Corporation in the second quarter worth about $100,000. Armbruster Capital Management Inc. lifted its position in shares of Bank of America Corporation by 10.8% in the first quarter. Armbruster Capital Management Inc. now owns 4,323 shares of the financial services provider’s stock worth $102,000 after buying an additional 423 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Bank of America Corporation by 11.0% in the second quarter. Chicago Partners Investment Group LLC now owns 4,531 shares of the financial services provider’s stock worth $103,000 after buying an additional 450 shares during the last quarter. Tarbox Family Office Inc. lifted its position in shares of Bank of America Corporation by 0.4% in the second 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. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Bank of America Corporation by 47.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 5,780 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,850 shares during the last quarter. 62.19% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on BAC. Vetr cut Bank of America Corporation from a “hold” rating to a “sell” rating and set a $26.67 price target for the company. in a research report on Monday, November 6th. J P Morgan Chase & Co boosted their price target on Bank of America Corporation from $27.50 to $28.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. BidaskClub raised Bank of America Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 23rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $27.00 price target (up previously from $25.00) on shares of Bank of America Corporation in a research report on Monday, October 9th. Finally, Zacks Investment Research cut Bank of America Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.82.

Shares of Bank of America Corporation (NYSE BAC) opened at $26.40 on Tuesday. The company has a market cap of $276,515.47, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. Bank of America Corporation has a 1 year low of $19.40 and a 1 year 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 issued its earnings results on Friday, October 13th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Bank of America Corporation had a net margin of 20.66% and a return on equity of 8.33%. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $22.07 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities research analysts forecast that Bank of America Corporation will post 1.8 earnings per share for the current fiscal 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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, November 30th. Bank of America Corporation’s dividend payout ratio is currently 27.43%.

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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.

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

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