Paloma Partners Management Company Has Cut By $3.23 Million Its Bank Of America (Put) (BAC) Holding; Davis R M Has Upped Us Bancorp (USB) Position

December 11, 2017 - By Peter Erickson

Davis R M Inc increased Us Bancorp (USB) stake by 2.75% reported in 2017Q2 SEC filing. Davis R M Inc acquired 22,137 shares as Us Bancorp (USB)’s stock declined 6.89%. The Davis R M Inc holds 826,179 shares with $42.90M value, up from 804,042 last quarter. Us Bancorp now has $91.87B valuation. The stock increased 0.84% or $0.46 during the last trading session, reaching $55.36. About 4.37 million shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since December 11, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Paloma Partners Management Company decreased Bank Of America Corp (Put) (BAC) stake by 54.34% reported in 2017Q2 SEC filing. Paloma Partners Management Company sold 134,500 shares as Bank Of America Corp (Put) (BAC)’s stock declined 6.00%. The Paloma Partners Management Company holds 113,000 shares with $2.74 million value, down from 247,500 last quarter. Bank Of America Corp (Put) now has $303.01 billion valuation. The stock increased 0.94% or $0.27 during the last trading session, reaching $29.05. About 60.99 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 11, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.08, from 1.12 in 2017Q1. It is negative, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. Tocqueville Asset Mgmt LP has invested 0.63% in Bank of America Corporation (NYSE:BAC). Atlantic Group Ltd Liability Com holds 748,562 shares or 0.11% of its portfolio. Fcg Limited Liability Com invested in 0.17% or 21,291 shares. Jaffetilchin Invest Prtnrs Limited Liability Co reported 0.26% of its portfolio in Bank of America Corporation (NYSE:BAC). Odey Asset Mgmt Group Inc Ltd has invested 3.62% of its portfolio in Bank of America Corporation (NYSE:BAC). Birmingham Cap Mgmt Inc Al invested in 0.91% or 92,740 shares. Ajo Limited Partnership owns 24.35 million shares or 2.52% of their US portfolio. The United Kingdom-based Mondrian Investment Prns has invested 0% in Bank of America Corporation (NYSE:BAC). Argi Investment Ser Limited Liability Corp holds 0.04% or 22,229 shares in its portfolio. Knightsbridge Asset Management Lc invested in 319,666 shares or 5.91% of the stock. Bollard Gp Ltd holds 150,235 shares. Eagleclaw Managment Lc has invested 0.96% in Bank of America Corporation (NYSE:BAC). Midwest Investment Management Limited Liability Company has invested 0.3% of its portfolio in Bank of America Corporation (NYSE:BAC). 174,965 are owned by Jp Marvel Invest Advsr Limited Liability Corp. Switzerland-based Banque Pictet And Cie has invested 0.3% in Bank of America Corporation (NYSE:BAC).

Paloma Partners Management Company increased Senior Housing Prop Trust (NYSE:SNH) stake by 37,997 shares to 106,146 valued at $2.17M in 2017Q2. It also upped Micron Tech Inc (NASDAQ:MU) stake by 40,869 shares and now owns 269,248 shares. Discovery Communications (NASDAQ:DISCA) was raised too.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 12. They expect $0.47 EPS, up 17.50% or $0.07 from last year’s $0.4 per share. BAC’s profit will be $4.90B for 15.45 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Bank of America had 96 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Standpoint Research to “Hold” on Thursday, December 1. As per Wednesday, January 11, the company rating was upgraded by Societe Generale. On Wednesday, January 20 the stock rating was upgraded by Sandler O’Neill to “Buy”. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 12 report. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Sunday, July 23 by Renaissance Macro Securities LLC. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Berenberg on Monday, April 24. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Thursday, April 7 by JP Morgan. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 3 report. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, August 23 report. On Tuesday, September 8 the stock rating was upgraded by Nomura to “Buy”.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.01, from 0.91 in 2017Q1. It is negative, as 48 investors sold USB shares while 458 reduced holdings. 93 funds opened positions while 362 raised stakes. 1.21 billion shares or 2.75% less from 1.24 billion shares in 2017Q1 were reported. Wfg LP has 14,320 shares for 0.17% of their portfolio. Next Grp Incorporated Inc invested in 0% or 5,931 shares. Moreover, Lincoln Corporation has 0.06% invested in U.S. Bancorp (NYSE:USB). Amf Pensionsforsakring has invested 0.58% in U.S. Bancorp (NYSE:USB). Forbes J M & Limited Liability Partnership holds 214,837 shares or 2.84% of its portfolio. Andra Ap invested 0.27% of its portfolio in U.S. Bancorp (NYSE:USB). Vigilant Cap Llc has 381,057 shares for 3.22% of their portfolio. Ruggie Cap reported 0.04% of its portfolio in U.S. Bancorp (NYSE:USB). Cleararc Capital Inc, Ohio-based fund reported 55,916 shares. Warren Averett Asset Management Limited Liability Com holds 6,868 shares. Argi Service Lc reported 26,844 shares stake. One Cap Lc reported 4,558 shares. Ronald Blue Company Limited Liability Company has invested 0.01% of its portfolio in U.S. Bancorp (NYSE:USB). Pathstone Family Office Lc holds 3,317 shares or 0.04% of its portfolio. Kistler reported 200 shares.

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