Appleton Partners Incma buys $3,662,422 stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Appleton Partners Incma scooped up 18,986 additional shares in Bank of America Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 242,384 shares of Bank of America Corp which is valued at $3,662,422.Bank of America Corp makes up approximately 0.71% of Appleton Partners Incma’s portfolio.

Bank of America Corp closed down -0.07 points or -0.46% at $15.02 with 11,57,88,999 shares getting traded on Wednesday. Post opening the session at $15.02, the shares hit an intraday low of $14.98 and an intraday high of $15.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Mercer Capital Advisers boosted its stake in BAC in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 16,738 shares of Bank of America Corp which is valued at $252,911. Bank of America Corp makes up approx 0.21% of Mercer Capital Advisers’s portfolio.Carroll Financial Associates boosted its stake in BAC in the latest quarter, The investment management firm added 14,411 additional shares and now holds a total of 143,389 shares of Bank of America Corp which is valued at $2,166,608. Bank of America Corp makes up approx 0.40% of Carroll Financial Associates’s portfolio.Berkshire Asset Managementpa boosted its stake in BAC in the latest quarter, The investment management firm added 24,584 additional shares and now holds a total of 172,712 shares of Bank of America Corp which is valued at $2,417,968. Bank of America Corp makes up approx 0.37% of Berkshire Asset Managementpa’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in BAC by selling 4,056 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 250,696 shares of BAC which is valued at $3,509,744. Bank of America Corp makes up approx 0.70% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Jacobs Coca reduced its stake in BAC by selling 200 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 15,655 shares of BAC which is valued at $219,170. Bank of America Corp makes up approx 0.05% of Jacobs Coca’s portfolio.

On the company’s financial health, Bank of America Corp reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $19700.00 million for the quarter, compared to analysts expectations of $20317.78 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Bank of America Corp. Bank of America Corp was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 2016. Bank of America Corp was Upgraded by Credit Agricole to ” Outperform” on Jan 29, 2016.

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution serving individual consumers small- and middle-market businesses institutional investors corporations and Governments with a range of banking investing asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking which offers a range of credit banking and investment products and services to consumers and businesses; Consumer Real Estate Services which provides a line of consumer real estate products and services; Global Wealth & Investment Management which provides wealth management solutions; Global Banking which provides a range of lending-related products and services and Global Markets which offers sales and trading services.

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