Bank of America Corporation Target of Unusually High Options Trading (NYSE:BAC)

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Investors sentiment increased to 0.97 in 2016 Q4. About 2.45M shares traded or 16.67% up from the average. The original version of this piece can be read at https://www.truebluetribune.com/2017/09/17/stock-traders-buy-large-volume-of-put-options-on-bank-of-america-corporation-bac.html. It has underperformed by 4.57% the S&P500. Bank of America Corp (NYSE:BAC) has risen 58.64% since September 16, 2016 and is uptrending.

Peapack Gladstone Financial Corp increased Bank Of America Corp (BAC) stake by 9.07% reported in 2016Q4 SEC filing. The stock increased 0.58% or $0.14 on September 15, reaching $24.38. About 38.03 million shares traded. Tower Research Cap Lc (Trc) has invested 0.95% in Bank of America Corp (NYSE:BAC).

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.38, from 0.87 in 2016Q3.

BidaskClub lowered shares of Bank of America Corporation (NYSE:BAC) from a hold rating to a sell rating in a research report report published on Tuesday.

Several hedge funds have recently added to or reduced their stakes in the company. The financial services provider reported $0.46 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.03. Sterling Capital Mngmt Lc owns 912,840 shares for 0.18% of their portfolio. DL 10 for 2.62 million shares. National Mutual Federation Of Agricultural Cooperatives invested 0.04% in Bank of America Corp (NYSE:BAC). Bank of America Corporation (NYSE:BAC) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages.

Bank of America Corporation (NYSE:BAC) has a beta of 1.25, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole.

Beddow Capital Management Inc holds 2.3% of its portfolio in Columbia Sportswear Company for 99,095 shares. Millennium Mgmt Ltd Liability Corp, New York-based fund reported 168,026 shares. Credit Suisse Ag accumulated 0.42% or 19.22M shares. Int owns 2.85 million shares for 0.09% of their portfolio. Carl Domino Inc sold 14,879 shares as Bank Amer Corp (BAC)'s stock declined 6.00%. Hbk Invests Ltd Partnership holds 0.01% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 25,200 shares. Therefore 66% are positive. Varonis Systems had 29 analyst reports since August 7, 2015 according to SRatingsIntel. KBW upgraded the stock to "Outperform" rating in Monday, August 24 report. Jacobi Capital Management LLC now owns 6,347 shares of the financial services provider's stock worth $147,000 after buying an additional 1,101 shares during the last quarter. CIBC reiterated an "outperform" rating on shares of Bank of America Corporation in a research note on Tuesday, July 11th. The company was upgraded on Tuesday, September 1 by Robert W. Baird. UBS downgraded the shares of BAC in report on Wednesday, January 11 to "Neutral" rating. The rating was maintained by Oppenheimer with "Outperform" on Saturday, September 5. The firm earned "Buy" rating on Thursday, August 3 by Jefferies. As per Thursday, August 10, the company rating was maintained by Wells Fargo.

Bank of America Corporation holds a quick ratio of *TBA with a current ratio of *TBA. Hence, the existing market cap indicates a preferable measure in comprehending the size of the company rather than its worth. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products. It has a 20.23 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in worldwide markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on October, 26. They expect $0.50 EPS, down 27.54% or $0.19 from last year's $0.69 per share. ZAYO's profit will be $29.57 million for 73.48 P/E if the $0.12 EPS becomes a reality. After $0.52 actual EPS reported by Hilton Worldwide Holdings Inc for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth. Therefore 65% are positive. The lowest target is $60.0 while the high is $72.0. Pax World Management Llc who had been investing in Bank Of America Corp. for a number of months, seems to be bullish on the $257.22B market cap company. The rating was initiated by SunTrust on Thursday, September 10 with "Buy". The company was maintained on Friday, April 7 by Wood. The firm earned "Buy" rating on Sunday, September 10 by RBC Capital Markets. Guggenheim initiated Columbia Sportswear Company (NASDAQ:COLM) on Friday, September 30 with "Buy" rating. As per Tuesday, October 25, the company rating was maintained by RBC Capital Markets. On Tuesday, July 19 the stock rating was maintained by Citigroup with "Buy". The stock of Zayo Group Holdings Inc (NYSE:ZAYO) earned "Buy" rating by Suntrust Robinson on Tuesday, December 13. Amica Retiree reported 40,172 shares.

Since March 23, 2017, it had 0 buys, and 16 selling transactions for $169.63 million activity. Valley Natl Advisers invested in 0.1% or 10,140 shares. 172,174 shares valued at $5.62M were sold by Caruso Daniel on Wednesday, April 5. Shares are now up +55.09% over the past year, outperforming the broad market by 217.89% and outperformed a peer group of similar companies by 162%. $225,346 worth of Zayo Group Holdings Inc (NYSE:ZAYO) was sold by Waters John F Jr. $630,000 worth of stock was sold by O'Boyle James on Friday, March 31. The insider Rottenberg Linda sold 537 shares worth $18,795.

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