Bank Of America (BAC) Share Price Declined While New Mexico Educational Retirement Board Lowered Position; Leonard Green Partners LP Trimmed Its Quintiles Ims Holdings (Q) Position by $121.34 Million; Shares Rose

January 1, 2018 - By Ellis Scott

Leonard Green Partners Lp decreased its stake in Quintiles Ims Holdings Inc (Q) by 23.42% based on its latest 2017Q3 regulatory filing with the SEC. Leonard Green Partners Lp sold 1.28M shares as the company’s stock rose 8.21% with the market. The hedge fund held 4.18M shares of the commercial physical & biological resarch company at the end of 2017Q3, valued at $397.05M, down from 5.45M at the end of the previous reported quarter. Leonard Green Partners Lp who had been investing in Quintiles Ims Holdings Inc for a number of months, seems to be less bullish one the $21.87B market cap company. It closed at $103.48 lastly. It is down 27.93% since January 1, 2017 and is uptrending. It has outperformed by 11.23% the S&P500.

New Mexico Educational Retirement Board decreased its stake in Bank Of America Corp (BAC) by 2.37% based on its latest 2017Q3 regulatory filing with the SEC. New Mexico Educational Retirement Board sold 21,900 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 903,154 shares of the major banks company at the end of 2017Q3, valued at $22.89M, down from 925,054 at the end of the previous reported quarter. New Mexico Educational Retirement Board who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $307.91 billion market cap company. The stock decreased 0.94% or $0.28 during the last trading session, reaching $29.52. About 40.67M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 1, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 23 analysts covering Quintiles Transnational (NYSE:Q), 8 have Buy rating, 0 Sell and 15 Hold. Therefore 35% are positive. Quintiles Transnational had 60 analyst reports since July 22, 2015 according to SRatingsIntel. Mizuho maintained it with “Buy” rating and $100.0 target in Thursday, October 26 report. Argus Research maintained the shares of Q in report on Thursday, July 30 with “Buy” rating. On Wednesday, October 19 the stock rating was downgraded by Jefferies to “Hold”. On Friday, August 4 the stock rating was upgraded by William Blair to “Outperform”. On Friday, February 3 the stock rating was downgraded by Deutsche Bank to “Hold”. Jefferies maintained the stock with “Hold” rating in Tuesday, June 6 report. On Monday, March 28 the stock rating was downgraded by SunTrust to “Neutral”. The company was maintained on Thursday, October 26 by Piper Jaffray. The stock has “Overweight” rating by Morgan Stanley on Thursday, November 9. The stock of IQVIA Holdings Inc. (NYSE:Q) earned “Neutral” rating by Mizuho on Thursday, November 9.

Investors sentiment increased to 1.53 in 2017 Q3. Its up 0.60, from 0.93 in 2017Q2. It improved, as 29 investors sold Q shares while 118 reduced holdings. 97 funds opened positions while 128 raised stakes. 197.84 million shares or 1.05% less from 199.95 million shares in 2017Q2 were reported. Wellington Shields Capital Mgmt Ltd Limited Liability Company reported 2,746 shares stake. Jackson Square Prtnrs Ltd Com has 2.32% invested in IQVIA Holdings Inc. (NYSE:Q) for 5.04M shares. Carret Asset Management invested in 7,770 shares. Harris Associates Lp invested in 1.68 million shares or 0.27% of the stock. Peak6 Invs LP holds 0% in IQVIA Holdings Inc. (NYSE:Q) or 2,326 shares. 2,833 are owned by Livforsakringsbolaget Skandia Omsesidigt. Sei Invs holds 285,815 shares. Winslow Evans & Crocker Inc holds 0.04% or 1,300 shares in its portfolio. Pictet Asset Mgmt, a United Kingdom-based fund reported 73,423 shares. Glenview Cap Lc owns 8.92 million shares. Stifel has 47,730 shares for 0.02% of their portfolio. Barclays Public Ltd Liability Corporation stated it has 1.60 million shares. Riverhead has 0.01% invested in IQVIA Holdings Inc. (NYSE:Q). Rampart Mngmt Co Ltd Llc holds 0.06% in IQVIA Holdings Inc. (NYSE:Q) or 1,870 shares. Aqr Capital Mngmt Lc holds 0.09% or 829,471 shares in its portfolio.

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 99 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. On Friday, January 29 the stock rating was upgraded by Credit Agricole to “Outperform”. UBS upgraded the stock to “Neutral” rating in Wednesday, August 26 report. The firm earned “Buy” rating on Friday, October 13 by RBC Capital Markets. Citigroup maintained the shares of BAC in report on Tuesday, July 19 with “Buy” rating. The firm earned “Market Perform” rating on Monday, May 16 by Keefe Bruyette & Woods. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, April 5. RBC Capital Markets has “Buy” rating and $26 target. CLSA upgraded the shares of BAC in report on Friday, January 29 to “Outperform” rating. The firm earned “Buy” rating on Tuesday, September 1 by Bernstein. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by RBC Capital Markets on Friday, October 6.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Aqr Cap Limited Company reported 0.2% of its portfolio in Bank of America Corporation (NYSE:BAC). Eqis Capital reported 0.13% in Bank of America Corporation (NYSE:BAC). Timber Creek Capital Mgmt Ltd Liability Com has 0.01% invested in Bank of America Corporation (NYSE:BAC). Cantab Capital Ltd Liability Partnership accumulated 51,117 shares. Savant Capital Ltd Liability holds 0.28% or 50,048 shares. Nwq Investment Ltd Liability Corporation holds 0.88% or 2.83 million shares in its portfolio. 50,925 were accumulated by White Pine Ltd Limited Liability Company. Bankshares Of The Ozarks invested in 0.82% or 78,768 shares. Carnegie Asset Ltd has 28,966 shares. Ngam Advsrs LP reported 1.31M shares stake. Cadence Capital Mgmt Ltd holds 0.15% or 96,575 shares in its portfolio. Flippin Bruce And Porter Inc, Virginia-based fund reported 226,440 shares. Natixis holds 1.01% or 4.32 million shares. Berson And Corrado Advsr Ltd Liability holds 4.23% or 296,648 shares. 13,025 are held by Mairs And Power.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $2.10 million activity.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. They expect $0.46 EPS, up 15.00% or $0.06 from last year’s $0.4 per share. BAC’s profit will be $4.80 billion for 16.04 P/E if the $0.46 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.