Notable 13F Reporting: Jd Capital Management LLC Holding in Bank Amer Corp (Call) (BAC) Has Decreased as Market Value Rose

Notable 13F Reporting: Jd Capital Management LLC Holding in Bank Amer Corp (Call) (BAC) Has Decreased as Market Value Rose

Jd Capital Management Llc decreased its stake in Bank Amer Corp (Call) (BAC) by 9% based on its latest 2016Q3 regulatory filing with the SEC. Jd Capital Management Llc sold 260,700 shares as the company’s stock rose 19.47% with the market. The hedge fund held 2.64 million shares of the major banks company at the end of 2016Q3, valued at $41.27 million, down from 2.90M at the end of the previous reported quarter. Jd Capital Management Llc who had been investing in Bank Amer Corp (Call) for a number of months, seems to be less bullish one the $230.48B market cap company. The stock increased 1.73% or $0.39 during the last trading session, hitting $22.94. About 6,152 shares traded hands. Bank of America Corp (NYSE:BAC) has risen 59.86% since June 7, 2016 and is uptrending. It has outperformed by 52.44% the S&P500.

Jd Capital Management Llc is a Connecticut-based hedge fund with more than $832.90 million AUM in March, 2014. Taken from Jd Capital Management latest Adv, the fund reported to have 19 full and part-time employees. Among which 8 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q3. Its up 0.11, from 0.9 in 2016Q2. The ratio improved, as 70 funds sold all BAC shares owned while 517 reduced positions. 120 funds bought stakes while 475 increased positions. They now own 6.10 billion shares or 0.26% more from 6.08 billion shares in 2016Q2. Pentwater Mgmt LP has 0.01% invested in the company for 82,500 shares. Liberty Cap has 0.02% invested in the company for 1,988 shares. Renaissance Gp Limited Liability Com accumulated 0.09% or 136,683 shares. Gm Advisory Grp holds 0.17% or 30,014 shares in its portfolio. American Century Companies Inc has 0.19% invested in the company for 11.15M shares. Charter Company has 22,737 shares for 0.04% of their US portfolio. Fil owns 724,918 shares or 0.03% of their US portfolio. Dumont And Blake Advisors accumulated 18,841 shares or 0.14% of the stock. Wellcome Ltd (The) As Trustee Of The Wellcome holds 6.54% of its portfolio in Bank of America Corp (NYSE:BAC) for 20.00 million shares. Herndon Capital Lc last reported 946 shares in the company. First Midwest Bancshares Tru Division accumulated 99,897 shares or 0.19% of the stock. Brown Brothers Harriman And Com last reported 391,756 shares in the company. Verition Fund Mngmt Ltd Com owns 14,912 shares or 0.03% of their US portfolio. Ims has 1.14% invested in the company for 63,223 shares. Milestone Inc, a Colorado-based fund reported 250 shares.

Insider Transactions: Since August 2, 2016, the stock had 2 insider buys, and 1 sale for $11.52 billion net activity. Another trade for 25,000 shares valued at $503,500 was bought by WHITE MICHAEL D. Woods Thomas D bought $353,250 worth of Bank of America Corp (NYSE:BAC) on Tuesday, August 2. $11.52B worth of Bank of America Corp (NYSE:BAC) was sold by YNOFACE Holdings Inc.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on January, 13 before the open. They expect $0.38 EPS, up 35.71% or $0.10 from last year’s $0.28 per share. BAC’s profit will be $3.82 billion for 15.09 P/E if the $0.38 EPS becomes a reality. After $0.41 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts -7.32% negative EPS growth.

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Investorplace.com which released: “Bank of America Corp (BAC) Q4 Earnings Preview” on January 10, 2017, also Bloomberg.com with their article: “Bank of America Sued for $542 Million Over FDIC Risk Rule” published on January 09, 2017, Investorplace.com published: “Bank of America Corp (BAC) Stock Still Has Room to Run” on January 06, 2017. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Bizjournals.com and their article: “Bank of America among ‘America’s most hated companies'” published on January 10, 2017 as well as Investorplace.com‘s news article titled: “Bank of America Corp (BAC) Bulls Will Build Your Bank Account” with publication date: January 04, 2017.

According to Zacks Investment Research, “Bank of America Corp. is one of the world’s leading financial services companies. Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose.”

Bank of America Corp (NYSE:BAC) Ratings Coverage

Out of 25 analysts covering Bank of America (NYSE:BAC), 14 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 56% are positive. $26 is the highest target while $15 is the lowest. The $18.17 average target is -20.79% below today’s ($22.94) stock price. Bank of America has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, September 1 by Robert W. Baird. The firm earned “Overweight” rating on Thursday, April 7 by JP Morgan. The rating was upgraded by KBW on Tuesday, September 1 to “Buy”. The rating was upgraded by UBS to “Neutral” on Wednesday, August 26. As per Tuesday, October 6, the company rating was maintained by Oppenheimer. Robert W. Baird downgraded it to “Neutral” rating and $18 target price in Wednesday, November 16 report. The company was upgraded on Friday, January 29 by CLSA. Berenberg initiated it with “Buy” rating and $15 target price in Wednesday, July 13 report. Robert W. Baird upgraded the shares of BAC in a report on Tuesday, August 25 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, January 26 by Deutsche Bank.

BAC Company Profile

Bank of America Corporation, incorporated on July 31, 1998, is a bank holding firm (BHC) and a financial holding company. The Firm is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, firms and governments with a range of banking, investing, asset management and other financial and risk management services and products. The Company’s divisions include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, Global Markets, Legacy Assets & Servicing (LAS) and All Other. Through its banking and various nonbank subsidiaries throughout the United States and international markets, the Company provides a range of banking and nonbank financial services and products.

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