Hartford Investment Management Co Decreased By $698,190 Its The Bank Of New York Mell (BK) Position; Lpl Financial Has Upped By $46.15 Million Its Bank Amer (BAC) Stake

November 8, 2017 - By Stephen Andrade

Lpl Financial Llc increased Bank Amer Corp (BAC) stake by 1296.78% reported in 2017Q2 SEC filing. Lpl Financial Llc acquired 1.92M shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Lpl Financial Llc holds 2.07 million shares with $50.25M value, up from 148,291 last quarter. Bank Amer Corp now has $279.44B valuation. The stock declined 0.04% or $0.01 reaching $26.78 on the news. About 73.52M shares traded or 18.96% up from the average. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 8, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Hartford Investment Management Co decreased The Bank Of New York Mell (BK) stake by 5.23% reported in 2017Q2 SEC filing. Hartford Investment Management Co sold 13,690 shares as The Bank Of New York Mell (BK)’s stock declined 1.27%. The Hartford Investment Management Co holds 248,181 shares with $12.66 million value, down from 261,871 last quarter. The Bank Of New York Mell now has $52.92 billion valuation. The stock increased 0.29% or $0.15 on November 8, reaching $51.22. About 2.05 million shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since November 8, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It worsened, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. Waters Parkerson And Commerce Ltd Liability Co holds 2.25% or 1.00M shares. Boys Arnold And Inc holds 0.14% or 44,905 shares in its portfolio. Cls Ltd Limited Liability Company has 0% invested in Bank of America Corp (NYSE:BAC). Crystal Rock Capital Mngmt owns 202,400 shares or 3.17% of their US portfolio. Sirios Mngmt LP holds 6.95% in Bank of America Corp (NYSE:BAC) or 5.77M shares. The Ontario – Canada-based Toronto Dominion Savings Bank has invested 0.27% in Bank of America Corp (NYSE:BAC). Sanctuary Wealth Advisors Ltd Liability Corp has 0% invested in Bank of America Corp (NYSE:BAC). 49,208 are held by Mathes. Poplar Forest Cap Llc reported 1.89M shares or 3.94% of all its holdings. Rathbone Brothers Public Limited has invested 0.18% of its portfolio in Bank of America Corp (NYSE:BAC). Brave Warrior Advsr Llc owns 14,532 shares for 0.02% of their portfolio. Barnett & Inc reported 900 shares. Raymond James Services Advsr holds 0.24% or 1.41M shares in its portfolio. Birch Hill Investment Advsrs Ltd Liability Com has 2.19% invested in Bank of America Corp (NYSE:BAC). Marshall Wace Llp has 1.96 million shares for 2.08% of their portfolio.

Lpl Financial Llc decreased Pimco Corporate Income Strat (PCN) stake by 80,268 shares to 77,724 valued at $1.35 million in 2017Q2. It also reduced Western Un Co (NYSE:WU) stake by 68,073 shares and now owns 65,877 shares. Rydex Etf Trust (RFG) was reduced too.

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, January 11. The stock of Bank of America Corp (NYSE:BAC) earned “Buy” rating by Jefferies on Friday, July 7. Nomura maintained the shares of BAC in report on Tuesday, July 18 with “Buy” rating. On Tuesday, July 19 the stock rating was maintained by Citigroup with “Buy”. On Thursday, August 10 the stock rating was maintained by Wells Fargo with “Outperform”. As per Tuesday, November 8, the company rating was downgraded by Deutsche Bank. The stock of Bank of America Corp (NYSE:BAC) has “Neutral” rating given on Monday, October 9 by Citigroup. UBS maintained Bank of America Corp (NYSE:BAC) rating on Monday, October 16. UBS has “Neutral” rating and $27 target. The stock has “Neutral” rating by UBS on Wednesday, January 11. The rating was maintained by Jefferies on Monday, October 10 with “Buy”.

Investors sentiment increased to 0.89 in 2017 Q2. Its up 0.07, from 0.82 in 2017Q1. It improved, as 50 investors sold BK shares while 311 reduced holdings. 80 funds opened positions while 240 raised stakes. 831.44 million shares or 1.04% less from 840.22 million shares in 2017Q1 were reported. Northern Tru holds 0.17% or 12.03M shares. Tokio Marine Asset Mngmt Limited has 11,310 shares for 0.08% of their portfolio. Sumitomo Mitsui Asset Management has invested 0.07% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). 52,448 are held by Baker Ellis Asset Mngmt Limited Liability Corporation. Moreover, Shamrock Asset Mngmt Limited Liability Company has 0.01% invested in Bank of New York Mellon Corp (NYSE:BK) for 387 shares. 2,556 are held by Hudock Ltd Liability Company. Northwestern Mutual Wealth Mngmt Company has invested 0.1% in Bank of New York Mellon Corp (NYSE:BK). Fort Washington Invest Oh holds 2.47M shares. Fic holds 26,872 shares or 0.56% of its portfolio. Price T Rowe Assocs Inc Md owns 47.30 million shares. Sg Americas Ltd Liability Corp holds 70,666 shares or 0.03% of its portfolio. Oakworth Cap accumulated 610 shares. Adage Cap Ptnrs Group Ltd Liability has invested 0.15% in Bank of New York Mellon Corp (NYSE:BK). Kcm Investment Advisors Llc reported 0.02% stake. State Of Alaska Department Of Revenue accumulated 11,667 shares.

Hartford Investment Management Co increased Henry Schein Inc (NASDAQ:HSIC) stake by 12,036 shares to 30,041 valued at $5.50M in 2017Q2. It also upped Hanesbrands Inc (NYSE:HBI) stake by 65,259 shares and now owns 150,963 shares. Travelers Companies Inc (NYSE:TRV) was raised too.

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By1 Stephen Andrade




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