Knightsbridge Asset Management Has Lifted Its Bank Amer (BAC) Position; As Federal Agric Mtg (AGM) Market Valuation Rose, Weybosset Research & Management Decreased Its Holding

February 21, 2018 - By Louis Casey

Weybosset Research & Management Llc decreased its stake in Federal Agric Mtg Corp (AGM) by 18.08% based on its latest 2017Q3 regulatory filing with the SEC. Weybosset Research & Management Llc sold 26,827 shares as the company’s stock rose 2.81% with the market. The institutional investor held 121,535 shares of the finance company at the end of 2017Q3, valued at $8.84M, down from 148,362 at the end of the previous reported quarter. Weybosset Research & Management Llc who had been investing in Federal Agric Mtg Corp for a number of months, seems to be less bullish one the $846.04 million market cap company. The stock decreased 1.91% or $1.56 during the last trading session, reaching $80.02. About 25,195 shares traded. Federal Agricultural Mortgage Corporation (NYSE:AGM) has risen 72.41% since February 21, 2017 and is uptrending. It has outperformed by 55.71% the S&P500.

Knightsbridge Asset Management Llc increased its stake in Bank Amer Corp (BAC) by 19.55% based on its latest 2017Q3 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 62,487 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 382,153 shares of the major banks company at the end of 2017Q3, valued at $9.68M, up from 319,666 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $328.47B market cap company. The stock decreased 0.13% or $0.04 during the last trading session, reaching $31.93. About 58.57M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 21, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 5 analysts covering Federal Agricultural Mortgage Corp (NYSE:AGM), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Federal Agricultural Mortgage Corp had 9 analyst reports since August 12, 2015 according to SRatingsIntel. Sidoti downgraded Federal Agricultural Mortgage Corporation (NYSE:AGM) on Wednesday, May 11 to “Neutral” rating. Wood downgraded Federal Agricultural Mortgage Corporation (NYSE:AGM) on Friday, March 11 to “Market Perform” rating. Sidoti initiated the shares of AGM in report on Wednesday, January 27 with “Buy” rating. Sidoti upgraded the stock to “Buy” rating in Wednesday, February 14 report. The stock of Federal Agricultural Mortgage Corporation (NYSE:AGM) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was downgraded by Compass Point on Thursday, May 12 to “Neutral”. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, November 10.

Since August 29, 2017, it had 0 insider purchases, and 6 sales for $1.40 million activity. 700 shares were sold by Everson Dennis A, worth $46,954 on Tuesday, August 29. The insider BUZBY TIMOTHY L sold $169,229. 4,000 shares were sold by Engebretsen James R, worth $275,500.

Investors sentiment decreased to 1.2 in Q3 2017. Its down 0.22, from 1.42 in 2017Q2. It is negative, as 7 investors sold AGM shares while 39 reduced holdings. 20 funds opened positions while 35 raised stakes. 6.77 million shares or 1.57% less from 6.88 million shares in 2017Q2 were reported. 572,091 were accumulated by Vanguard Group Incorporated Inc. Matarin Capital has invested 0.64% in Federal Agricultural Mortgage Corporation (NYSE:AGM). Prudential Financial accumulated 166,760 shares. Bank & Trust Of Montreal Can, a Ontario – Canada-based fund reported 716 shares. Macquarie Grp Inc Ltd has 0% invested in Federal Agricultural Mortgage Corporation (NYSE:AGM) for 15,240 shares. State Bank Of America De holds 0% or 12,785 shares. D E Shaw And Com reported 0% in Federal Agricultural Mortgage Corporation (NYSE:AGM). Nationwide Fund Advisors accumulated 0% or 6,907 shares. Bogle Inv Mgmt LP De stated it has 0.06% of its portfolio in Federal Agricultural Mortgage Corporation (NYSE:AGM). Barclays Public Ltd Co invested in 1,458 shares. Ameriprise holds 0% or 69,790 shares. Great West Life Assurance Can owns 788 shares or 0% of their US portfolio. Strs Ohio invested 0% in Federal Agricultural Mortgage Corporation (NYSE:AGM). Guggenheim Ltd Liability holds 0.01% of its portfolio in Federal Agricultural Mortgage Corporation (NYSE:AGM) for 61,154 shares. Sterling Cap Management Limited Liability Com reported 0.01% in Federal Agricultural Mortgage Corporation (NYSE:AGM).

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Schroder Investment Mngmt Gru reported 10.62 million shares. London Of Virginia has invested 0.29% of its portfolio in Bank of America Corporation (NYSE:BAC). Rockland Trust holds 0.57% or 149,933 shares in its portfolio. Pzena Mngmt Ltd Liability Corporation invested in 2.63% or 19.63 million shares. Tower Rech Cap Ltd Liability Corporation (Trc) has invested 0.08% in Bank of America Corporation (NYSE:BAC). Jupiter Asset Mgmt reported 1.89% stake. Dimensional Fund Advsr LP has invested 0.63% in Bank of America Corporation (NYSE:BAC). Kepos L P, New York-based fund reported 129,691 shares. Sabal Trust invested in 0.04% or 14,508 shares. Ruggie Cap Group holds 0.11% in Bank of America Corporation (NYSE:BAC) or 6,832 shares. Fsi Grp Incorporated has invested 3.6% of its portfolio in Bank of America Corporation (NYSE:BAC). Nuveen Asset Ltd Com holds 0.31% or 1.86M shares in its portfolio. Saratoga And Investment Mgmt holds 0.01% or 623 shares. Monetta Finance holds 170,000 shares. Riverhead Cap Mgmt Lc owns 283,536 shares for 0.34% of their portfolio.

Knightsbridge Asset Management Llc, which manages about $398.58M and $143.83 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 18,258 shares to 48,730 shares, valued at $7.51M in 2017Q3, according to the filing.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, January 2 the stock rating was maintained by Robert W. Baird with “Hold”. The firm has “Buy” rating by RBC Capital Markets given on Friday, October 6. Robert W. Baird maintained it with “Hold” rating and $24.0 target in Friday, August 25 report. The firm has “Overweight” rating by Atlantic Securities given on Wednesday, December 21. The stock has “Hold” rating by Societe Generale on Tuesday, January 9. The firm has “Buy” rating by Citigroup given on Wednesday, January 11. The rating was downgraded by Deutsche Bank on Tuesday, November 8 to “Hold”. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 6. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Thursday, December 21 with “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Market Perform” rating given on Monday, October 16 by BMO Capital Markets.

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By1 Louis Casey

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