Bank of America Corporation (NYSE:BAC) reached 38.25% versus a 1-year low price of $21.02. The stock was last seen 3.42% higher, reaching at $29.06 on 12/04/2017. At recent session, the prices were hovering between $28.82 and $29.31. This company shares are -2.34% up from its target price of $28.38 and the current market capitalization stands at $304.3B. The recent change has given its price a 9.16% lead over SMA 50 and 1.18% lead over its 52-week high. The stock witnessed 4.27% gains, 24.67% gains and 30.72% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BAC’s volatility during a week at 2.85% and during a month it has been found around 1.78%.

Bank of America Corporation (BAC) Top Holders

Institutional investors currently hold around $204.86 billion or 70.3% in BAC stock. Look at its top three institutional owners. Berkshire Hathaway Inc owns $19.08 billion in Bank of America Corporation, which represents roughly 6.27% of the company’s market cap and approximately 9.31% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 666,867,421 shares of the stock are valued at $18.74 billion. The third largest holder is Vanguard Group Inc, which currently holds $18.65 billion worth of this stock and that ownership represents nearly 6.13% of its market capitalization.

Bank of America Corporation 13F Filings

At the end of 09/30/2017 reporting period, 824 institutional holders increased their position in Bank of America Corporation (NYSE:BAC) by some 940,880,689 shares, 814 decreased positions by 283,548,582 and 220 held positions by 6,065,898,933. That puts total institutional holdings at 7,290,328,204 shares, according to SEC filings. The stock grabbed 106 new institutional investments totaling 760,906,040 shares while 75 institutional investors sold out their entire positions totaling 31,835,817 shares.

Bank of America Corporation (NYSE:BAC) Insider Trades

Multiple company employees have indulged in significant insider trading. Bank of America Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Bramble Frank P has sold 86,763 shares of Bank of America Corporation (BAC) in trading session dated Aug. 10, 2017. These shares are worth $2,096,194 and were traded at $24.16 each. The SEC filing shows that Woods Thomas D performed a purchase of 25,000 shares. The Director added these shares by way of transaction on Apr. 27, 2017. The company’s shares were assimilated at $23.81 per share worth to an investment of some $595,250 on account of Woods Thomas D.

Director, White Michael D, purchased 25,000 common shares of Bank of America Corporation (BAC) in the open market. In a transaction dated Nov. 21, 2016, the shares were bought at an average price of $20.14, giving away a sum of $503,500. After this purchase, 85,650 common shares of BAC are directly owned by the insider, with total stake valued at $2,488,989.

In the transaction dated Aug. 02, 2016, the great number of shares acquired came courtesy the Director; Woods Thomas D added a total of 25,000 shares at an average price of $14.13, amounting to approximately $353,250. The insider now directly owns 32,459 shares worth $943,259.

Bank of America Corporation (BAC) Analyst Guide

Several analysts have released their opinion on Bank of America Corporation (NYSE:BAC), with 10 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.9 average brokerage recommendation.

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