High Pointe Capital Management Has Lowered Bank Of America (BAC) Holding By $349450 …



July 13, 2018 – By Pearl Odom

Bank of America Corporation (NYSE:BAC) Logo

Consumer Portfolio Services Inc (CPSS) investors sentiment decreased to 0.53 in Q1 2018. It’s down -0.27, from 0.8 in 2017Q4. The ratio turned negative, as 9 active investment managers opened new and increased equity positions, while 17 trimmed and sold stock positions in Consumer Portfolio Services Inc. The active investment managers in our database now have: 9.66 million shares, down from 10.20 million shares in 2017Q4. Also, the number of active investment managers holding Consumer Portfolio Services Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 17 Increased: 7 New Position: 2.

High Pointe Capital Management Llc decreased Bank Of America Corp (BAC) stake by 13.66% reported in 2018Q1 SEC filing. High Pointe Capital Management Llc sold 12,050 shares as Bank Of America Corp (BAC)’s stock declined 6.97%. The High Pointe Capital Management Llc holds 76,150 shares with $2.28M value, down from 88,200 last quarter. Bank Of America Corp now has $288.62 billion valuation. The stock decreased 1.06% or $0.305 during the last trading session, reaching $28.465. About 50.99M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since July 13, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 21/03/2018 – Dana Incorporated to Participate in Bank of America Merrill Lynch 2018 Auto Summit; 10/05/2018 – Tandem Diabetes Presenting at Bank of America Conference May 15; 21/05/2018 – Tl Chief Financial Officer Rafael Lizardi to speak at Bank of America Merrill Lynch investor conference; 08/05/2018 – Sage Therapeutics at Bank of America Conference May 15; 29/05/2018 – BANK OF AMERICA CORP BAC.N HEAD OF GLOBAL COMMERCIAL BANKING, ALASTAIR BORTHWICK, SPEAKS AT INVESTOR CONFERENCE; 14/05/2018 – BANK OF AMERICA TO REDEEM SOME OUTSTANDING DEPOSITARY SHRS; 20/04/2018 – Bank of America downgrades Procter & Gamble on ‘longer lasting’ challenges; 28/03/2018 – BNY MELLON’S REYDA PREVIOUSLY WITH BANK OF AMERICA; 05/04/2018 – BOFA FINANCE PRICES OFFERING OF $250M NOTES DUE MAY 2023; 11/04/2018 – Atlanta CBS: Bank of America to stop lending to makers of assault-style weapons

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It fall, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Ny State Teachers Retirement holds 1.17% or 16.04 million shares. Timber Creek Capital Management Llc invested in 0.01% or 483 shares. The Illinois-based Balyasny Asset Mngmt Limited Co has invested 0.46% in Bank of America Corporation (NYSE:BAC). Ballentine Partners Lc has invested 0.15% of its portfolio in Bank of America Corporation (NYSE:BAC). Checchi Capital Advisers Limited Co holds 0.36% or 91,918 shares. Viking Fund Limited Liability Corp invested 0.11% in Bank of America Corporation (NYSE:BAC). Davidson Inv Advsr holds 2.07% in Bank of America Corporation (NYSE:BAC) or 639,735 shares. Blackrock holds 0.95% or 661.92 million shares. Blair William Il, Illinois-based fund reported 1.44M shares. Anderson Hoagland And invested 4% in Bank of America Corporation (NYSE:BAC). Howe Rusling holds 0.98% or 180,668 shares in its portfolio. Carlton Hofferkamp Jenks Wealth Mgmt Ltd Co invested 1.05% of its portfolio in Bank of America Corporation (NYSE:BAC). Dorsey & Whitney Tru Ltd Liability Corp has invested 0.34% in Bank of America Corporation (NYSE:BAC). Royal National Bank & Trust Of Canada holds 0.5% of its portfolio in Bank of America Corporation (NYSE:BAC) for 37.15M shares. Private Ocean Limited Liability Corp owns 724 shares or 0.01% of their US portfolio.

Among 11 analysts covering Bank of America (NYSE:BAC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Bank of America had 11 analyst reports since January 17, 2018 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Buy”. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Monday, March 26 with “Buy” rating. As per Monday, April 16, the company rating was maintained by Jefferies. Vining Sparks initiated Bank of America Corporation (NYSE:BAC) on Monday, April 16 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Tuesday, April 24. Morgan Stanley maintained Bank of America Corporation (NYSE:BAC) on Friday, February 2 with “Overweight” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Equal-Weight” rating by Barclays Capital on Tuesday, April 17. As per Friday, January 19, the company rating was maintained by Sandler O’Neill. BMO Capital Markets maintained the shares of BAC in report on Wednesday, January 17 with “Hold” rating. Credit Suisse maintained Bank of America Corporation (NYSE:BAC) on Friday, March 16 with “Outperform” rating.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 16 before the open. They expect $0.61 EPS, up 32.61% or $0.15 from last year’s $0.46 per share. BAC’s profit will be $6.19B for 11.67 P/E if the $0.61 EPS becomes a reality. After $0.62 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “How Bank Of America’s Growth Will Drive The Stock Higher” on July 10, 2018, also Seekingalpha.com with their article: “Bank Of America: Downside Protection” published on July 05, 2018, Finance.Yahoo.com published: “Bank of America Stock Looks Good on Paper, but That’s About It” on July 11, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: The Other Parts Matter” published on July 09, 2018 as well as Seekingalpha.com‘s news article titled: “Buybacks set for record, but share gains don’t match” with publication date: July 09, 2018.

Analysts await Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report earnings on July, 23. They expect $0.15 earnings per share, down 11.76% or $0.02 from last year’s $0.17 per share. CPSS’s profit will be $3.14 million for 6.25 P/E if the $0.15 EPS becomes a reality. After $0.12 actual earnings per share reported by Consumer Portfolio Services, Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

The stock decreased 2.09% or $0.08 during the last trading session, reaching $3.75. About 3,028 shares traded. Consumer Portfolio Services, Inc. (CPSS) has declined 15.54% since July 13, 2017 and is downtrending. It has underperformed by 28.11% the S&P500. Some Historical CPSS News: 12/04/2018 CPS to Host Conference Call on First Quarter 2018 Earnings; 16/04/2018 – CPS Announces $201.8 Million Senior Subordinate Asset-Backed Securitization; 16/05/2018 – CPS Announces $40.0 Million Securitization of Residual Interests; 18/04/2018 – Consumer Portfolio Svcs 1Q EPS 12c; 19/04/2018 – DJ Consumer Portfolio Services Inc, Inst Holders, 1Q 2018 (CPSS); 18/04/2018 – Consumer Portfolio Svcs 1Q Rev $103.6M

Since January 1, 0001, it had 0 buys, and 1 sale for $371,700 activity.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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