Texas Permanent School Fund Has Cut Stake in Bank Amer Corp (BAC) by $4.79 Million

November 10, 2018 - By James Guidry

Bank of America Corporation (NYSE:BAC) LogoInvestors sentiment increased to 1.01 in Q2 2018. Its up 0.06, from 0.95 in 2018Q1. It improved, as 69 investors sold BAC shares while 595 reduced holdings. 112 funds opened positions while 557 raised stakes. 6.48 billion shares or 2.75% less from 6.66 billion shares in 2018Q1 were reported. Lehman Fin Resources reported 4.18% in Bank of America Corporation (NYSE:BAC). 75,926 are owned by Homrich & Berg. Wms Limited Liability holds 23,730 shares. Com Of Virginia Va holds 0.14% of its portfolio in Bank of America Corporation (NYSE:BAC) for 35,080 shares. Bank Of Nova Scotia has 0.26% invested in Bank of America Corporation (NYSE:BAC). Peddock Advsrs Ltd Liability Corporation owns 70,239 shares for 0.99% of their portfolio. First Merchants reported 12,767 shares. Pennsylvania Tru accumulated 219,606 shares or 0.28% of the stock. Northeast Invest Mngmt has 0.52% invested in Bank of America Corporation (NYSE:BAC). Park Circle owns 1,000 shares. Susquehanna International Group Llp accumulated 0.06% or 6.09 million shares. Factory Mutual Insur reported 1.65% in Bank of America Corporation (NYSE:BAC). E&G Advsr LP invested in 0.95% or 80,238 shares. Cap Interest Investors stated it has 2.46M shares or 0.08% of all its holdings. Patriot Wealth has invested 1.41% in Bank of America Corporation (NYSE:BAC).

Texas Permanent School Fund decreased its stake in Bank Amer Corp (BAC) by 6.91% based on its latest 2018Q2 regulatory filing with the SEC. Texas Permanent School Fund sold 170,918 shares as the company’s stock rose 1.98% with the market. The institutional investor held 2.30 million shares of the major banks company at the end of 2018Q2, valued at $64.87 million, down from 2.47 million at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $279.90 billion market cap company. The stock decreased 1.21% or $0.35 during the last trading session, reaching $28.52. About 43.27 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 27.06% since November 10, 2017 and is uptrending. It has outperformed by 11.44% the S&P500.

Texas Permanent School Fund, which manages about $7.32B US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 185,569 shares to 1.77 million shares, valued at $56.90 million in 2018Q2, according to the filing.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 16. They expect $0.64 earnings per share, up 36.17 % or $0.17 from last year’s $0.47 per share. BAC’s profit will be $6.28 billion for 11.14 P/E if the $0.64 EPS becomes a reality. After $0.66 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -3.03 % negative EPS growth.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Bizjournals.com which released: “BofA CEO downplays threat posed by Chase in Boston” on November 08, 2018, also Finance.Yahoo.com with their article: “This Selloff Could Be Your Best Chance to Buy Bank of America Stock” published on October 26, 2018, Benzinga.com published: “Bank Earnings Start Back Up On Monday With Bank Of America” on October 12, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: Assessing Q3 Performance” published on October 17, 2018 as well as Fool.com‘s news article titled: “Better Buy: Bank of America Corporation vs. Goldman Sachs” with publication date: November 03, 2018.

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

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