Qs Investors Has Decreased Bank Amer (BAC) Stake; 4 Bullish Analysts Covering Franco-Nevada (TSE:FNV)

April 23, 2018 - By Clifton Ray

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Among 7 analysts covering Franco-Nevada Corp (TSE:FNV), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Franco-Nevada Corp had 31 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Scotia Capital with “Sector Perform” on Tuesday, November 8. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, November 12 report. TD Securities maintained it with “Hold” rating and $77 target in Wednesday, November 9 report. The stock has “Outperform” rating by National Bank Canada on Thursday, October 15. The stock of Franco-Nevada Corporation (TSE:FNV) earned “Buy” rating by Dundee Securities on Thursday, December 8. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, November 8. The company was maintained on Thursday, August 11 by TD Securities. The stock has “Sector Perform” rating by Scotia Capital on Thursday, March 23. The stock has “Sell” rating by Desjardins Securities on Monday, December 11. See Franco-Nevada Corporation (TSE:FNV) latest ratings:

11/12/2017 Broker: Desjardins Securities Rating: Sell Maintain
01/12/2017 Broker: TD Securities Rating: Buy New Target: $124.00 Target Down
07/11/2017 Broker: Canaccord Genuity Rating: Old Target: $119.00 New Target: $121.00 Target Up
07/11/2017 Broker: IBC Rating: Old Target: $110.00 New Target: $120.00 Target Up
07/11/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $100.00 New Target: $107.50 Target Up
07/11/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $108.00 Target Up
07/11/2017 Broker: TD Securities Rating: Buy New Target: $123.50 Target Up

Qs Investors Llc decreased Bank Amer Corp (BAC) stake by 5.48% reported in 2017Q4 SEC filing. Qs Investors Llc sold 28,484 shares as Bank Amer Corp (BAC)’s stock declined 1.20%. The Qs Investors Llc holds 490,865 shares with $14.49M value, down from 519,349 last quarter. Bank Amer Corp now has $309.99 billion valuation. The stock increased 0.20% or $0.06 during the last trading session, reaching $30.32. About 50.44 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 23, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It is positive, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. The Delaware-based Dupont Mgmt Corp has invested 1.07% in Bank of America Corporation (NYSE:BAC). Forte Ltd Com Adv accumulated 14,903 shares or 0.13% of the stock. Td Asset Mgmt has invested 0.69% in Bank of America Corporation (NYSE:BAC). Payden And Rygel reported 628,900 shares. Schroder Mngmt Grp Inc reported 12.57 million shares. Cwm Ltd Limited Liability Company has 0.12% invested in Bank of America Corporation (NYSE:BAC). 1.90 million were reported by Hitchwood Mngmt L P. Moreover, Cubist Systematic Strategies Ltd Liability Co has 0.11% invested in Bank of America Corporation (NYSE:BAC) for 71,416 shares. Glenmede Na reported 682,199 shares. State Of Alaska Department Of Revenue accumulated 855,720 shares or 0.6% of the stock. Northern owns 0.81% invested in Bank of America Corporation (NYSE:BAC) for 108.94 million shares. Leisure Cap Management has invested 0.3% in Bank of America Corporation (NYSE:BAC). Smead Cap Mgmt holds 5.7% or 4.24M shares in its portfolio. First Amer Bancorp owns 0.66% invested in Bank of America Corporation (NYSE:BAC) for 295,167 shares. Cadinha & Co Limited Liability Company has invested 0.25% in Bank of America Corporation (NYSE:BAC).

Qs Investors Llc increased Centerpoint Energy Inc (NYSE:CNP) stake by 201,407 shares to 459,450 valued at $13.03M in 2017Q4. It also upped Omnicom Group Inc (NYSE:OMC) stake by 154,476 shares and now owns 159,327 shares. Paychex Inc (NASDAQ:PAYX) was raised too.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 113 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research downgraded the shares of BAC in report on Thursday, December 1 to “Hold” rating. Nomura maintained the stock with “Buy” rating in Monday, April 16 report. As per Friday, September 23, the company rating was maintained by CLSA. BMO Capital Markets maintained the shares of BAC in report on Tuesday, July 18 with “Hold” rating. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, August 30. RBC Capital Markets has “Buy” rating and $26.0 target. Wood maintained the shares of BAC in report on Friday, April 7 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, July 21 by Jefferies. The company was upgraded on Monday, August 24 by Vetr. The firm has “Buy” rating given on Wednesday, July 13 by Berenberg. Jefferies maintained the stock with “Buy” rating in Friday, July 7 report.

The stock decreased 0.47% or $0.43 during the last trading session, reaching $90.34. About 312,627 shares traded. Franco-Nevada Corporation (TSE:FNV) has 0.00% since April 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Franco-Nevada Corporation operates as a gold-focused royalty and stream firm in the United States, Canada, Mexico, Peru, Chile, and Africa. The company has market cap of $16.80 billion. The firm also has interests in silver; platinum group metals, including palladium; other minerals, including base metals, iron ore, coal, and industrial and miscellaneous minerals; and gas and oil properties. It has a 85.23 P/E ratio. As of March 21, 2017, it had a portfolio of 259 mineral assets and 80 gas and oil assets.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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