As Bank Amer (BAC) Stock Price Declined, Carl Domino Has Raised Its Position; Arga Investment Management LP Has Raised Position in Metlife (MET)

January 13, 2018 - By Darrin Black

Arga Investment Management Lp increased its stake in Metlife Inc (MET) by 31.02% based on its latest 2017Q3 regulatory filing with the SEC. Arga Investment Management Lp bought 19,075 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 80,575 shares of the finance company at the end of 2017Q3, valued at $4.19 million, up from 61,500 at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Metlife Inc for a number of months, seems to be bullish on the $56.12 billion market cap company. The stock decreased 0.30% or $0.16 during the last trading session, reaching $53.33. About 5.48M shares traded or 28.20% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 13, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Carl Domino Inc increased its stake in Bank Amer Corp (BAC) by 138.16% based on its latest 2017Q3 regulatory filing with the SEC. Carl Domino Inc bought 45,119 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 77,777 shares of the major banks company at the end of 2017Q3, valued at $1.97M, up from 32,658 at the end of the previous reported quarter. Carl Domino Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $325.33B market cap company. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 13, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 46 analyst reports since July 31, 2015 according to SRatingsIntel. On Monday, July 10 the stock rating was maintained by Wells Fargo with “Buy”. On Tuesday, January 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained MetLife, Inc. (NYSE:MET) on Monday, October 9 with “Buy” rating. Wells Fargo reinitiated MetLife, Inc. (NYSE:MET) on Friday, September 23 with “Outperform” rating. The stock of MetLife, Inc. (NYSE:MET) earned “Buy” rating by Wells Fargo on Tuesday, October 3. On Friday, May 5 the stock rating was maintained by Wells Fargo with “Buy”. The company was maintained on Tuesday, September 5 by RBC Capital Markets. The stock of MetLife, Inc. (NYSE:MET) has “Hold” rating given on Wednesday, July 13 by Deutsche Bank. The firm has “Buy” rating by Wells Fargo given on Wednesday, June 28. The firm earned “Sell” rating on Thursday, January 26 by Citigroup.

Arga Investment Management Lp, which manages about $2.25 billion and $843.57M US Long portfolio, decreased its stake in Las Vegas Sands Corp (NYSE:LVS) by 26,900 shares to 18,400 shares, valued at $1.18M in 2017Q3, according to the filing. It also reduced its holding in Bp Plc (NYSE:BP) by 15,900 shares in the quarter, leaving it with 2.64 million shares, and cut its stake in Danaher Corp (NYSE:DHR).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.05, from 0.94 in 2017Q2. It dropped, as 61 investors sold MET shares while 336 reduced holdings. 65 funds opened positions while 289 raised stakes. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. Spears Abacus Limited Liability Corporation reported 436,462 shares. Univest Corporation Of Pennsylvania owns 0.22% invested in MetLife, Inc. (NYSE:MET) for 10,030 shares. Windsor Cap Mgmt Ltd holds 0.33% or 11,713 shares. Holderness Invs has 0.14% invested in MetLife, Inc. (NYSE:MET) for 5,280 shares. Oregon-based M Holding Securities Inc has invested 0.11% in MetLife, Inc. (NYSE:MET). Moreover, Live Your Vision has 0% invested in MetLife, Inc. (NYSE:MET) for 172 shares. California-based Dowling And Yahnke Limited Liability Corp has invested 0.28% in MetLife, Inc. (NYSE:MET). Altavista Wealth Mngmt Inc holds 58,650 shares or 1.45% of its portfolio. 28,173 are held by Johnson Fincl Grp Incorporated Inc. 10,973 are held by Institute For Wealth Management Ltd. Oppenheimer And reported 286,957 shares or 0.4% of all its holdings. West Oak Lc holds 0% in MetLife, Inc. (NYSE:MET) or 126 shares. Bank Of Nova Scotia Trust reported 7,334 shares. Omers Administration reported 2.97 million shares. Neumann Cap Mgmt Limited Liability Corp has 1.22% invested in MetLife, Inc. (NYSE:MET).

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

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 103 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, August 25 the stock rating was upgraded by Robert W. Baird to “Neutral”. The firm has “Hold” rating by Standpoint Research given on Thursday, December 1. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Friday, October 13 by BMO Capital Markets. Jefferies maintained the shares of BAC in report on Friday, July 7 with “Buy” rating. The firm has “Hold” rating given on Tuesday, October 31 by Robert W. Baird. The rating was maintained by Jefferies on Tuesday, June 6 with “Buy”. The firm has “Buy” rating by Nomura given on Tuesday, September 8. Jefferies maintained the stock with “Buy” rating in Monday, October 10 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Vetr on Tuesday, August 11. The rating was upgraded by Bruyette & Woods” to “Mkt Perform” on Monday, August 24.

Carl Domino Inc, which manages about $237.47M and $81.96M US Long portfolio, decreased its stake in Brocade Communications Sys I (NASDAQ:BRCD) by 33,500 shares to 17,250 shares, valued at $206,000 in 2017Q3, according to the filing.

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. Perigon Wealth Ltd Liability Corporation owns 5,413 shares for 0.04% of their portfolio. Advent Capital Mngmt De holds 0.01% or 30,000 shares in its portfolio. United Services Automobile Association has 9.08M shares for 0.67% of their portfolio. Hallmark Cap Inc holds 0.05% or 16,213 shares in its portfolio. Ballentine Prtnrs Ltd Liability Co reported 59,799 shares. Wall Street Access Asset Management Limited Liability Company holds 2.62% or 49,178 shares in its portfolio. South Texas Money Mgmt invested in 2.29 million shares or 2.76% of the stock. Rbf Ltd Liability reported 2.68% of its portfolio in Bank of America Corporation (NYSE:BAC). Independent reported 17,587 shares. Js Ltd Llc reported 722,300 shares stake. Bank Of America De stated it has 0.06% of its portfolio in Bank of America Corporation (NYSE:BAC). First Personal owns 0.28% invested in Bank of America Corporation (NYSE:BAC) for 52,713 shares. Strategic Lc holds 0.98% or 88,824 shares. Zweig owns 29,795 shares. Check Capital Mgmt Incorporated Ca holds 0.02% or 20,757 shares.

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