Bp Wealth Management Has Lowered Its Bank Of America (BAC) Position by $335,100 as Valuation Declined; Grs Advisors Has Cut Stake in Equity Comwlth (EQC) by $2.08 Million as Share Price Declined

January 20, 2018 - By Linda Rogers

Bp Wealth Management Llc decreased its stake in Bank Of America (BAC) by 2.83% based on its latest 2017Q3 regulatory filing with the SEC. Bp Wealth Management Llc sold 13,404 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 460,261 shares of the major banks company at the end of 2017Q3, valued at $11.66 million, down from 473,665 at the end of the previous reported quarter. Bp Wealth Management Llc who had been investing in Bank Of America for a number of months, seems to be less bullish one the $330.86 billion market cap company. The stock increased 0.76% or $0.24 during the last trading session, reaching $31.72. About 66.49 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 20, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Grs Advisors Llc decreased its stake in Equity Comwlth (EQC) by 20.04% based on its latest 2017Q3 regulatory filing with the SEC. Grs Advisors Llc sold 69,260 shares as the company’s stock declined 0.70% while stock markets rallied. The institutional investor held 276,291 shares of the real estate investment trusts company at the end of 2017Q3, valued at $8.40 million, down from 345,551 at the end of the previous reported quarter. Grs Advisors Llc who had been investing in Equity Comwlth for a number of months, seems to be less bullish one the $3.71B market cap company. The stock increased 0.78% or $0.23 during the last trading session, reaching $29.87. About 396,408 shares traded. Equity Commonwealth (NYSE:EQC) has risen 13.35% since January 20, 2017 and is uptrending. It has underperformed by 3.35% the S&P500.

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 had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, October 7 by Jefferies. The rating was maintained by Citigroup with “Buy” on Tuesday, July 19. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Macquarie Research on Tuesday, September 1. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. On Tuesday, October 6 the stock rating was maintained by Oppenheimer with “Outperform”. Renaissance Macro Securities LLC maintained it with “Buy” rating and $2900 target in Sunday, July 23 report. Robert W. Baird downgraded the shares of BAC in report on Wednesday, November 16 to “Neutral” rating. As per Monday, August 24, the company rating was upgraded by KBW. The stock of Bank of America Corporation (NYSE:BAC) earned “Neutral” rating by Guggenheim on Tuesday, November 15. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 3.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It dropped, 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. Hellman Jordan Mgmt Ma reported 18,307 shares stake. Fairfield Bush And invested 0.27% of its portfolio in Bank of America Corporation (NYSE:BAC). Alphaone Investment Lc holds 1.77% of its portfolio in Bank of America Corporation (NYSE:BAC) for 263,000 shares. 910,940 were accumulated by Stephens Ar. Moreover, Ims Capital Mngmt has 0.67% invested in Bank of America Corporation (NYSE:BAC). Patriot Wealth stated it has 272,974 shares or 1.12% of all its holdings. Birmingham Cap Management Inc Al has invested 0.92% in Bank of America Corporation (NYSE:BAC). Cooke & Bieler L P, a Pennsylvania-based fund reported 1.45M shares. Eagleclaw Capital Managment Ltd has invested 1.14% in Bank of America Corporation (NYSE:BAC). Nippon Life Global Americas accumulated 2.48% or 1.15 million shares. Shoker Invest Counsel Inc has 0.33% invested in Bank of America Corporation (NYSE:BAC) for 17,342 shares. Tokio Marine Asset holds 0.3% or 78,701 shares. 6,228 were accumulated by Adirondack Tru. Envestnet Asset owns 1.93 million shares or 0.12% of their US portfolio. 200,193 were accumulated by Webster State Bank N A.

Bp Wealth Management Llc, which manages about $4.49 billion and $2.60 billion US Long portfolio, upped its stake in Interpublic Group (NYSE:IPG) by 125,201 shares to 573,559 shares, valued at $11.92 million in 2017Q3, according to the filing. It also increased its holding in Coca Cola (NYSE:KO) by 15,093 shares in the quarter, for a total of 414,627 shares, and has risen its stake in Analog Devices (NASDAQ:ADI).

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

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Equity Commonwealth had 9 analyst reports since August 10, 2015 according to SRatingsIntel. The company was upgraded on Monday, August 10 by Zacks. Bank of America upgraded the shares of EQC in report on Wednesday, September 9 to “Neutral” rating. Citigroup maintained Equity Commonwealth (NYSE:EQC) on Thursday, September 1 with “Neutral” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 14 report. Citigroup upgraded Equity Commonwealth (NYSE:EQC) rating on Monday, September 14. Citigroup has “Neutral” rating and $26 target. The rating was upgraded by Citigroup on Friday, September 11 to “Neutral”. Stifel Nicolaus maintained Equity Commonwealth (NYSE:EQC) rating on Monday, September 18. Stifel Nicolaus has “Hold” rating and $33.0 target. The firm has “Hold” rating by Stifel Nicolaus given on Friday, November 6. On Monday, August 15 the stock rating was upgraded by Bank of America to “Buy”.

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