Legacy Private Trust Holding in Home Depot (HD) Has Increased as Market Value Rose; Bank Amer (BAC) Share Value Declined While F&V Capital Management Has Trimmed Stake by $5.22 Million

February 21, 2018 - By Henry Gaston

F&V Capital Management Llc decreased its stake in Bank Amer Corp (BAC) by 90.32% based on its latest 2017Q3 regulatory filing with the SEC. F&V Capital Management Llc sold 208,730 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 22,370 shares of the major banks company at the end of 2017Q3, valued at $567,000, down from 231,100 at the end of the previous reported quarter. F&V Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $329.50 billion market cap company. The stock increased 0.31% or $0.1 during the last trading session, reaching $32.03. About 63.10 million 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.

Legacy Private Trust increased its stake in Home Depot Inc (HD) by 25.69% based on its latest 2017Q3 regulatory filing with the SEC. Legacy Private Trust bought 2,753 shares as the company’s stock rose 9.30% with the market. The institutional investor held 13,470 shares of the consumer services company at the end of 2017Q3, valued at $2.20 million, up from 10,717 at the end of the previous reported quarter. Legacy Private Trust who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $214.68 billion market cap company. The stock decreased 1.53% or $2.8655 during the last trading session, reaching $183.8445. About 6.33 million shares traded or 18.28% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 21, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

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. Bernstein upgraded the stock to “Mkt Perform” rating in Tuesday, August 25 report. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Monday, October 16 by UBS. As per Saturday, September 5, the company rating was maintained by Oppenheimer. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Friday, October 13 with “Buy” rating. The company was upgraded on Tuesday, September 1 by Macquarie Research. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Friday, July 7. Jefferies has “Buy” rating and $2800 target. The firm earned “Buy” rating on Wednesday, August 12 by Deutsche Bank. Citigroup maintained it with “Neutral” rating and $27 target in Monday, October 9 report. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Tuesday, April 4 by Citigroup. The company was maintained on Friday, August 11 by Jefferies.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dropped, 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. Moreover, Peoples Fincl Services has 0.13% invested in Bank of America Corporation (NYSE:BAC) for 8,925 shares. Manufacturers Life Insur The invested in 1.32% or 43.75 million shares. Boyd Watterson Asset Mngmt Ltd Liability Corp Oh, Ohio-based fund reported 27,161 shares. The California-based Perigon Wealth Mgmt Limited Co has invested 0.04% in Bank of America Corporation (NYSE:BAC). Moreover, Private Wealth Advsrs has 0.5% invested in Bank of America Corporation (NYSE:BAC) for 48,448 shares. Macquarie Group Limited reported 1.71M shares stake. National Mutual Ins Federation Of Agricultural Cooperatives accumulated 125,000 shares. Illinois-based Goodwin Daniel L has invested 0.41% in Bank of America Corporation (NYSE:BAC). Grimes And Inc reported 0.14% in Bank of America Corporation (NYSE:BAC). First Citizens National Bank & Trust Tru reported 343,868 shares or 1.13% of all its holdings. Gemmer Asset Mgmt Ltd Co holds 0.1% in Bank of America Corporation (NYSE:BAC) or 10,513 shares. Hirtle Callaghan And Ltd Liability reported 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC). Stevens Mngmt LP invested in 1.39 million shares. Snow Cap Management Lp holds 3.00M shares or 3.67% of its portfolio. Aimz Invest Advsr Ltd Liability Co owns 23,608 shares or 0.48% of their US portfolio.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on April, 17. They expect $0.59 earnings per share, up 43.90% or $0.18 from last year’s $0.41 per share. BAC’s profit will be $6.07 billion for 13.57 P/E if the $0.59 EPS becomes a reality. After $0.47 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53% EPS growth.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It improved, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. 13,829 were reported by Blue Edge Cap Limited Liability. Allen Invest Mgmt Ltd Limited Liability Company holds 0.14% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 18,215 shares. Liberty Mutual Group Asset Management holds 49,353 shares. 19,476 are held by Carderock Mngmt. Seatown Holding Pte Ltd reported 0.37% stake. Gm Advisory accumulated 2,162 shares or 0.11% of the stock. First Allied Advisory Services has invested 0.15% of its portfolio in The Home Depot, Inc. (NYSE:HD). Quantitative Investment reported 360,900 shares. Green Square Capital Ltd Liability Co reported 0.85% in The Home Depot, Inc. (NYSE:HD). Lehman Financial Resources stated it has 1,475 shares or 0.12% of all its holdings. Fukoku Mutual Life Ins stated it has 6,400 shares. Mcdaniel Terry And stated it has 0.05% of its portfolio in The Home Depot, Inc. (NYSE:HD). Orleans La invested 3.65% of its portfolio in The Home Depot, Inc. (NYSE:HD). Bridges Mgmt holds 0.99% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 47,158 shares. First Citizens Commercial Bank Trust Company reported 0.9% of its portfolio in The Home Depot, Inc. (NYSE:HD).

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. had 108 analyst reports since August 19, 2015 according to SRatingsIntel. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) on Tuesday, August 15 with “Buy” rating. The firm earned “Outperform” rating on Wednesday, November 16 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, January 30 by Guggenheim. The rating was maintained by Jefferies with “Buy” on Friday, July 21. Telsey Advisory Group maintained the stock with “Outperform” rating in Monday, December 7 report. The firm has “Buy” rating given on Monday, July 24 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Monday, September 18 report. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Wednesday, September 13 by BMO Capital Markets. Oppenheimer maintained the stock with “Buy” rating in Tuesday, August 15 report. The firm has “Buy” rating by Credit Suisse given on Wednesday, November 29.

Since August 21, 2017, it had 0 buys, and 3 selling transactions for $14.57 million activity. 10,916 shares valued at $1.97 million were sold by Roseborough Teresa Wynn on Thursday, December 7.

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By1 Henry Gaston

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