MUFG Securities EMEA plc Has $196,000 Holdings in Bank of America Co. (NYSE:BAC)

MUFG Securities EMEA plc lessened its holdings in shares of Bank of America Co. (NYSE:BAC) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,815 shares of the financial services provider’s stock after selling 3,422 shares during the quarter. MUFG Securities EMEA plc’s holdings in Bank of America were worth $196,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BAC. Westfield Capital Management Co. LP grew its position in Bank of America by 2.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 214,916 shares of the financial services provider’s stock worth $7,236,000 after buying an additional 4,830 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in Bank of America by 149.9% during the fourth quarter. Johnson Financial Group Inc. now owns 21,247 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 12,744 shares during the last quarter. Founders Financial Alliance LLC lifted its stake in Bank of America by 3.3% during the fourth quarter. Founders Financial Alliance LLC now owns 31,953 shares of the financial services provider’s stock worth $1,076,000 after purchasing an additional 1,018 shares during the last quarter. Nixon Peabody Trust Co. lifted its stake in shares of Bank of America by 508.2% in the 4th quarter. Nixon Peabody Trust Co. now owns 294,254 shares of the financial services provider’s stock valued at $9,908,000 after acquiring an additional 245,871 shares during the last quarter. Finally, Skopos Labs Inc. bought a new position in shares of Bank of America in the 4th quarter valued at $941,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Up 1.4 %

Shares of BAC traded up $0.53 during trading hours on Friday, hitting $39.70. The stock had a trading volume of 22,166,306 shares, compared to its average volume of 30,858,416. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $37.54 and a 200-day simple moving average of $34.39. The firm has a market capitalization of $310.47 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.37. Bank of America Co. has a 1-year low of $24.96 and a 1-year high of $39.84.

Bank of America (NYSE:BAC) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. Bank of America had a return on equity of 10.88% and a net margin of 13.94%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $25.49 billion. During the same period last year, the business posted $0.94 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts predict that Bank of America Co. will post 3.23 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. Bank of America’s dividend payout ratio is currently 33.22%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BAC. Wells Fargo & Company increased their price target on Bank of America from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. increased their price target on Bank of America from $39.50 to $40.50 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. StockNews.com downgraded Bank of America from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Jefferies Financial Group increased their price objective on Bank of America from $36.00 to $39.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Oppenheimer increased their price objective on Bank of America from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Hold” and an average target price of $38.70.

Bank of America Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.