International Business Machs (IBM) Position Has Raised by Accredited Investors Inc; Beck Capital Management Increases Stake in Bank Of America (BAC)

January 13, 2018 - By Dolores Ford

Accredited Investors Inc increased its stake in International Business Machs (IBM) by 248.69% based on its latest 2017Q3 regulatory filing with the SEC. Accredited Investors Inc bought 8,244 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 11,559 shares of the computer manufacturing company at the end of 2017Q3, valued at $1.68M, up from 3,315 at the end of the previous reported quarter. Accredited Investors Inc who had been investing in International Business Machs for a number of months, seems to be bullish on the $151.03B market cap company. The stock decreased 0.65% or $1.06 during the last trading session, reaching $163.14. About 5.03 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 13, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Beck Capital Management Llc increased its stake in Bank Of America Corp (BAC) by 13.49% based on its latest 2017Q3 regulatory filing with the SEC. Beck Capital Management Llc bought 18,150 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 152,717 shares of the major banks company at the end of 2017Q3, valued at $3.87M, up from 134,567 at the end of the previous reported quarter. Beck Capital Management Llc who had been investing in Bank Of America 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.

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. Brave Warrior Advsrs Ltd Company has 14,532 shares. Dnb Asset As holds 1.63% or 4.84M shares. Loring Wolcott & Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma holds 0.02% or 41,487 shares in its portfolio. Klingenstein Fields Ltd Liability Corporation owns 309,717 shares. Kj Harrison Prtn reported 90,499 shares. Palouse Mgmt reported 70,945 shares. Trillium Asset Mgmt Ltd invested in 1.25% or 861,346 shares. Systematic Fin Mngmt LP invested 0.26% of its portfolio in Bank of America Corporation (NYSE:BAC). The Pennsylvania-based First Financial Bank And Tru Of Newtown has invested 0.33% in Bank of America Corporation (NYSE:BAC). The Arkansas-based Meridian Mngmt has invested 1.2% in Bank of America Corporation (NYSE:BAC). California Pub Employees Retirement Sys invested in 24.75M shares or 0.93% of the stock. Moreover, Evergreen Management Llc has 0.09% invested in Bank of America Corporation (NYSE:BAC) for 29,084 shares. Iowa Comml Bank invested in 22,980 shares or 0.27% of the stock. Colony Grp Limited Liability has invested 0.05% of its portfolio in Bank of America Corporation (NYSE:BAC). Bankshares Pictet Cie (Asia) holds 10,000 shares.

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

Beck Capital Management Llc, which manages about $200.00M and $209.42M US Long portfolio, decreased its stake in Nvidia Corp (NASDAQ:NVDA) by 7,690 shares to 36,539 shares, valued at $6.53 million in 2017Q3, according to the filing. It also reduced its holding in Applied Materials Inc (NASDAQ:AMAT) by 59,805 shares in the quarter, leaving it with 84,341 shares, and cut its stake in Ishares Russell 2000 Etf (IWM).

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. Wood maintained the stock with “Outperform” rating in Friday, April 7 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Robert W. Baird on Tuesday, October 31. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Wednesday, May 31 by BMO Capital Markets. The rating was upgraded by Bernstein on Tuesday, September 1 to “Buy”. On Friday, August 11 the stock rating was maintained by Jefferies with “Buy”. The rating was upgraded by CLSA to “Outperform” on Friday, January 29. As per Saturday, September 5, the company rating was maintained by Oppenheimer. The stock of Bank of America Corporation (NYSE:BAC) earned “Market Perform” rating by Keefe Bruyette & Woods on Monday, May 16. Jefferies maintained it with “Buy” rating and $19 target in Monday, October 10 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Berenberg on Wednesday, July 13.

Accredited Investors Inc, which manages about $1.38 billion and $362.35 million US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VGK) by 15,571 shares to 8,387 shares, valued at $489,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Index Fds (VTI) by 5,918 shares in the quarter, leaving it with 5,010 shares, and cut its stake in Schwab Strategic Tr (SCHB).

Among 31 analysts covering International Business Machines (NYSE:IBM), 11 have Buy rating, 5 Sell and 15 Hold. Therefore 35% are positive. International Business Machines had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by S&P Research on Thursday, August 27. The company was maintained on Tuesday, July 19 by Credit Suisse. As per Tuesday, July 19, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 18 with “Buy” rating. The stock of International Business Machines Corporation (NYSE:IBM) has “Sell” rating given on Tuesday, April 4 by Berenberg. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, July 19. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, June 7. KeyBanc Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Monday, September 25 with “Hold” rating. As per Tuesday, August 16, the company rating was initiated by Oppenheimer. As per Tuesday, July 19, the company rating was maintained by BMO Capital Markets.

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