Bank of America (BAC) Stock “Hold” Rating Maintained at BMO Capital; The PT is Set to $34.0; Eaton Vance Tax Advantaged Dividend Income Fund (EVT)’s Sentiment Is 1.47

January 18, 2018 - By Adrian Erickson

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America has $36.0 highest and $15 lowest target. $25.62’s average target is -18.83% below currents $31.565 stock price. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Wells Fargo given on Thursday, September 10. The rating was maintained by BMO Capital Markets on Tuesday, July 18 with “Hold”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Friday, October 13 by RBC Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, December 5 by Raymond James. Robert W. Baird maintained the stock with “Hold” rating in Friday, August 25 report. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 8 report. Berenberg initiated Bank of America Corporation (NYSE:BAC) rating on Wednesday, July 13. Berenberg has “Buy” rating and $15 target. As per Tuesday, September 1, the company rating was upgraded by Robert W. Baird. The firm has “Buy” rating given on Tuesday, January 9 by Sandler O’Neill. On Wednesday, August 23 the stock rating was maintained by BMO Capital Markets with “Hold”.

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The company has market cap of $1.74 billion. The fund invests in public equity markets across the globe. It has a 10.21 P/E ratio. It seeks to invest in stocks of companies operating across the diversified sectors.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold Bank of America Corporation 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. Oregon Pub Employees Retirement Fund stated it has 1.55% of its portfolio in Bank of America Corporation (NYSE:BAC). Da Davidson & owns 236,520 shares or 0.12% of their US portfolio. Douglass Winthrop Advisors Ltd Liability Com stated it has 0.03% in Bank of America Corporation (NYSE:BAC). Financial Bank Of Nova Scotia holds 146,816 shares or 0.39% of its portfolio. 1832 Asset Management Lp has invested 0.57% in Bank of America Corporation (NYSE:BAC). Davidson Garrard Inc reported 349,104 shares. Salzhauer Michael invested 16.75% of its portfolio in Bank of America Corporation (NYSE:BAC). Etrade Capital Lc stated it has 0.1% in Bank of America Corporation (NYSE:BAC). Icm Asset Mgmt Incorporated Wa holds 2.09% or 70,967 shares in its portfolio. Exane Derivatives has invested 0.28% of its portfolio in Bank of America Corporation (NYSE:BAC). Ballentine Prtn Limited Liability owns 59,799 shares or 0.08% of their US portfolio. Banque Pictet And Cie holds 513,215 shares or 0.29% of its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 14.54 million shares. Massachusetts Communication Ma accumulated 0.31% or 28.24 million shares. Montag A Assoc has 245,248 shares.

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity. $2.10M worth of Bank of America Corporation (NYSE:BAC) was sold by BRAMBLE FRANK P on Thursday, August 10.

Bank of America Corporation, through its subsidiaries, provides banking and financial services and products for individual consumers, small and middle-market businesses, institutional investors, large firms, and governments worldwide. The company has market cap of $329.24 billion. It operates through four divisions: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It has a 20.23 P/E ratio. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans.

The stock increased 1.24% or $0.385 during the last trading session, reaching $31.565. About 43.44M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 18, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Joel Isaacson & Co. Llc holds 3.39% of its portfolio in Eaton Vance Tax-Advantaged Dividend Income Fund for 836,768 shares. Stratos Wealth Partners Ltd. owns 567,172 shares or 0.59% of their US portfolio. Moreover, Hollencrest Securities Llc has 0.2% invested in the company for 64,028 shares. The Missouri-based Buckingham Asset Management Llc has invested 0.12% in the stock. National Planning Corp, a California-based fund reported 21,700 shares.

Since January 1, 0001, it had 1 insider buy, and 0 sales for $5,600 activity.

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