Terril Brothers Lowers stake in Bank of America Corp (BAC)

Bank of America Corp (BAC) : Terril Brothers reduced its stake in Bank of America Corp by 1.52% during the most recent quarter end. The investment management company now holds a total of 1,295,106 shares of Bank of America Corp which is valued at $18 Million after selling 19,950 shares in Bank of America Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Bank of America Corp makes up approximately 9.64% of Terril Brothers’s portfolio.

Other Hedge Funds, Including , Chartwell Investment Partners boosted its stake in BAC in the latest quarter, The investment management firm added 45,000 additional shares and now holds a total of 200,225 shares of Bank of America Corp which is valued at $2.8 Million. Bank of America Corp makes up approx 0.05% of Chartwell Investment Partners’s portfolio.Ayalon Holdings Ltd. reduced its stake in BAC by selling 64,730 shares or 39.63% in the most recent quarter. The Hedge Fund company now holds 98,600 shares of BAC which is valued at $1.4 Million. Bank of America Corp makes up approx 1.17% of Ayalon Holdings Ltd.’s portfolio.Bank Of The Ozarks boosted its stake in BAC in the latest quarter, The investment management firm added 1,449 additional shares and now holds a total of 44,946 shares of Bank of America Corp which is valued at $634,188. Bank of America Corp makes up approx 0.24% of Bank Of The Ozarks’s portfolio. Thomas White International Ltd sold out all of its stake in BAC during the most recent quarter. The investment firm sold 18,415 shares of BAC which is valued $268,122.River Wealth Advisors boosted its stake in BAC in the latest quarter, The investment management firm added 11,986 additional shares and now holds a total of 85,686 shares of Bank of America Corp which is valued at $1.2 Million. Bank of America Corp makes up approx 0.74% of River Wealth Advisors’s portfolio.

Bank of America Corp opened for trading at $13.82 and hit $14.02 on the upside on Monday, eventually ending the session at $13.93, with a gain of 0.36% or 0.05 points. The heightened volatility saw the trading volume jump to 5,78,48,601 shares. Company has a market cap of $143,088 M.

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 Keefe Bruyette to ” Mkt Perform” on May 16, 2016. Bank of America Corp was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 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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