As Bank Of America (BAC) Stock Price Declined, Schwerin Boyle Capital Management Raised Its Stake; Hrt Financial Has Boosted General Electric Co (GE) Position

May 16, 2018 - By Marie Mckinney

General Electric Company (NYSE:GE) Logo

Schwerin Boyle Capital Management Inc increased its stake in Bank Of America (BAC) by 16.6% based on its latest 2017Q4 regulatory filing with the SEC. Schwerin Boyle Capital Management Inc bought 234,489 shares as the company’s stock declined 1.20% with the market. The hedge fund held 1.65M shares of the major banks company at the end of 2017Q4, valued at $48.61 million, up from 1.41 million at the end of the previous reported quarter. Schwerin Boyle Capital Management Inc who had been investing in Bank Of America for a number of months, seems to be bullish on the $315.49B market cap company. The stock decreased 0.34% or $0.105 during the last trading session, reaching $31.115. About 22.10M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 16, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Hrt Financial Llc increased its stake in General Electric Co (GE) by 61.08% based on its latest 2017Q4 regulatory filing with the SEC. Hrt Financial Llc bought 18,774 shares as the company’s stock declined 23.20% with the market. The institutional investor held 49,511 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $863,000, up from 30,737 at the end of the previous reported quarter. Hrt Financial Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $129.54 billion market cap company. The stock increased 1.39% or $0.205 during the last trading session, reaching $14.915. About 20.16M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 16, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

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 114 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, October 10 by Jefferies. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, November 8. The firm has “Outperform” rating by KBW given on Monday, August 24. The firm has “Neutral” rating by Citigroup given on Monday, October 9. On Friday, September 23 the stock rating was maintained by CLSA with “Outperform”. The firm has “Outperform” rating by Credit Suisse given on Friday, March 16. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Monday, April 16 by Jefferies. The firm has “Neutral” rating given on Tuesday, April 24 by Citigroup. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Wednesday, October 7. The firm has “Hold” rating given on Tuesday, January 2 by Robert W. Baird.

Schwerin Boyle Capital Management Inc, which manages about $781.49 million and $917.16M US Long portfolio, decreased its stake in Foot Locker Inc. (NYSE:FL) by 70,000 shares to 140,000 shares, valued at $6.56M in 2017Q4, according to the filing. It also reduced its holding in Omega Flex (NASDAQ:OFLX) by 109,465 shares in the quarter, leaving it with 186,675 shares, and cut its stake in Paypal Holdings.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Highlights from Appaloosa’s Q1” on May 15, 2018, also Bizjournals.com with their article: “Five real estate teams selected to submit plan for two-block North Tryon project” published on May 16, 2018, Seekingalpha.com published: “Bank Of America: Tread Carefully” on April 17, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “Trade of the Day: Bank of America Corp Is Getting Back on Its Feet for a Trade” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: Into The Home Straight?” with publication date: April 23, 2018.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, 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 Massachusetts-based Rockland Tru Comm has invested 0.59% in Bank of America Corporation (NYSE:BAC). Berkshire Asset Ltd Liability Co Pa, Pennsylvania-based fund reported 120,479 shares. Value Advisers Ltd Liability, a New York-based fund reported 6.76M shares. Glenmede Trust Na accumulated 682,199 shares. Teachers Retirement System Of The State Of Kentucky has invested 1.1% in Bank of America Corporation (NYSE:BAC). Atalanta Sosnoff accumulated 4.29M shares. Aull & Monroe Management accumulated 1.1% or 73,660 shares. Hwg Limited Partnership holds 0.16% of its portfolio in Bank of America Corporation (NYSE:BAC) for 6,281 shares. New York-based United Amer (D B A Uas Asset Management) has invested 1.3% in Bank of America Corporation (NYSE:BAC). Owl Creek Asset Mgmt LP holds 1.88% in Bank of America Corporation (NYSE:BAC) or 2.61M shares. Teewinot Capital Advisers Ltd Liability Co owns 6.92% invested in Bank of America Corporation (NYSE:BAC) for 556,256 shares. Nelson Van Denburg And Campbell Wealth Group Ltd Liability Com has 46,304 shares for 0.31% of their portfolio. Court Place Advsr Limited Liability Corp accumulated 73,205 shares. Macguire Cheswick And Tuttle Investment Counsel Lc stated it has 75,813 shares or 0.41% of all its holdings. The North Carolina-based Sterling Management Limited Liability Corporation has invested 0.19% in Bank of America Corporation (NYSE:BAC).

More notable recent General Electric Company (NYSE:GE) news were published by: 247Wallst.com which released: “What to Expect When GE Reports Friday” on April 19, 2018, also Seekingalpha.com with their article: “3D printing for the military at GE” published on May 02, 2018, Seekingalpha.com published: “Gabelli on GE: ‘There is a way out'” on May 14, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “3 Ways The Boeing Company Is Making Money for Investors” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “GE Is No Bargain At $14” with publication date: May 02, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America upgraded General Electric Company (NYSE:GE) on Monday, October 23 to “Buy” rating. Citigroup maintained General Electric Company (NYSE:GE) on Monday, October 23 with “Buy” rating. The company was maintained on Monday, April 23 by RBC Capital Markets. The firm earned “Hold” rating on Sunday, December 10 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, October 11 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, June 29 by Standpoint Research. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, October 19. RBC Capital Markets has “Outperform” rating and $32 target. JP Morgan initiated the stock with “Underweight” rating in Thursday, May 12 report. The rating was downgraded by CFRA to “Hold” on Friday, July 21. The firm has “Hold” rating given on Monday, February 26 by RBC Capital Markets.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Calamos Limited Liability Corporation holds 2.82 million shares. Comerica Secs holds 0.02% or 10,085 shares. Nuwave Investment Mgmt Ltd stated it has 60,654 shares. Alpine Global Mngmt Ltd Limited Liability Company reported 0.08% of its portfolio in General Electric Company (NYSE:GE). Beacon Fin stated it has 81,003 shares or 0.25% of all its holdings. St Germain D J Co invested 1.39% of its portfolio in General Electric Company (NYSE:GE). The Illinois-based Equitec Proprietary Limited Liability Corporation has invested 0.91% in General Electric Company (NYSE:GE). Supplemental Annuity Collective Of Nj has 0.59% invested in General Electric Company (NYSE:GE) for 80,000 shares. North Carolina-based Triangle Secs Wealth Mgmt has invested 0.4% in General Electric Company (NYSE:GE). Washington Tru Fincl Bank accumulated 45,322 shares or 0.12% of the stock. Ifc Holdings Fl reported 114,521 shares. Trexquant LP stated it has 0.22% of its portfolio in General Electric Company (NYSE:GE). Bridgeway Mngmt owns 3.29M shares for 0.62% of their portfolio. Umb Bancorp N A Mo stated it has 0.12% in General Electric Company (NYSE:GE). South Texas Money has 15,562 shares for 0.01% of their portfolio.

Hrt Financial Llc, which manages about $98.14M US Long portfolio, decreased its stake in Ishares Tr (USMV) by 10,556 shares to 5,154 shares, valued at $272,000 in 2017Q4, according to the filing.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Deepwater discovery in Mexican Gulf by Shell

Deepwater discovery in Mexican Gulf by Shell

Kelly Oliver

Recently one of the biggest oil companies in the world Shell has made big exploration of deep waters in the Gulf of Mexico. Researching took place 13 miles from Appomattox Shell’s project, which will start its production in the 2019 year, according to previous plans. Receive News & Ratings Via Email - ...

New recycling program for Boise

New recycling program for Boise

Ellis Scott

The new program is called Hefty EnergyBag Program. It was recently announced in Boise. Although it was made for help with recycling, there is confusion and many questions about it. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Smart countryside as the key to the future

Smart countryside as the key to the future

Edwin Martin

So-called “smart cities” are usually taken as an example of the future for cities. The rise in the capacity for more information can help us to solve problems on the environmental and human scale. It will be possible with saving of energy and traffic regulations. Receive News & Ratings Via Email - ...

Pollution in the real-time observation

Pollution in the real-time observation

Dolores Ford

New technology made in Utah can provide the results of pollution in the real time. It can be used by environmental researchers who want to receive a clear view of toxins in the air. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary ...

The red tape for commercial space flight is cut by Donald Trump

The red tape for commercial space flight is cut by Donald Trump

Darrin Black

Donald Trump, the 45th current president of the USA, wants commercial flight into space get real. He looks for boosting of space flights before it can be done by China. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Roop

Thomas Hertog, the theoretical physicist told the press about his experience from the work with Stephen Hawking, his implication on Hertog’s new ideas, and their collaboration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Thomas Roop

While NASA celebrates its new creation, some experts believe it can’t work because of simple violations of the third law of Newton. It was called Impossible after it broke this law. However, further experiments show that it could have happened only because of errors in previous tests. Receive News & Ratings Via ...

New species in 2018

New species in 2018

Peter Erickson

ESF names animals, plants, and microbes that were able to survive instead of all predictions. There are big, small, beautiful, and weird. They have different groups, they are different species and even from different kingdoms. They are all united by their ability to survive and be discovered by scientists. Receive News & ...

Small helicopter on Mars

Small helicopter on Mars

Paul Bridgeforth

There will be a new feature for Mars of 2020. This invention is compared to the bold experiment of Wright Brothers almost 117 years ago. While they have shown that people can fly on Earth, the new invention will make flights possible on Mars. Receive News & Ratings Via Email - Enter ...

New El Niño is coming in 2018

New El Niño is coming in 2018

Orlando Souther

It predicts more natural disasters and unexpected weather conditions for the next year. Researchers say that there will be wildfires, droughts, and scorching temps for the next 12 months. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and ...