Bank Of America Com (BAC) Market Valuation Declined While Winch Advisory Services Boosted by $1.37 Million Its Position; Ibm (IBM) Shareholder Flossbach Von Storch Ag Lowered Its Position by $14.49 Million

April 22, 2018 - By Peter Erickson

Bank of America Corporation (NYSE:BAC) Logo

Flossbach Von Storch Ag decreased its stake in Ibm (IBM) by 3.39% based on its latest 2017Q4 regulatory filing with the SEC. Flossbach Von Storch Ag sold 94,733 shares as the company’s stock declined 0.39% with the market. The institutional investor held 2.70M shares of the computer manufacturing company at the end of 2017Q4, valued at $414.44M, down from 2.80M at the end of the previous reported quarter. Flossbach Von Storch Ag who had been investing in Ibm for a number of months, seems to be less bullish one the $133.48 billion market cap company. The stock decreased 1.90% or $2.8 during the last trading session, reaching $144.9. About 8.27M shares traded or 57.27% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 22, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Winch Advisory Services Llc increased its stake in Bank Of America Corp Com (BAC) by 2136.3% based on its latest 2017Q4 regulatory filing with the SEC. Winch Advisory Services Llc bought 47,255 shares as the company’s stock declined 1.20% with the market. The institutional investor held 49,467 shares of the major banks company at the end of 2017Q4, valued at $1.46 million, up from 2,212 at the end of the previous reported quarter. Winch Advisory Services Llc who had been investing in Bank Of America Corp Com for a number of months, seems to be bullish on the $309.38B market cap company. The stock increased 0.27% or $0.08 during the last trading session, reaching $30.26. About 65.55 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 22, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Since January 31, 2018, it had 1 insider buy, and 2 insider sales for $2.69 million activity. 13,000 shares were sold by Clementi Erich, worth $2.01 million. 5,000 International Business Machines Corporation (NYSE:IBM) shares with value of $780,000 were sold by Gherson Diane J.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It is positive, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Toth Fin Advisory Corp holds 0.43% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 11,896 shares. Thompson Davis & invested in 356 shares or 0.13% of the stock. Riggs Asset Managment has invested 0.08% in International Business Machines Corporation (NYSE:IBM). Pacifica Invests Lc stated it has 1,800 shares. 476,450 are held by Cibc World. Moreover, Tirschwell And Loewy has 0.18% invested in International Business Machines Corporation (NYSE:IBM) for 8,194 shares. 68,537 were accumulated by Regentatlantic Capital Lc. Ballentine Prns Ltd Liability Corp owns 7,375 shares for 0.06% of their portfolio. Aviance Cap Management Llc holds 49,796 shares. Amica Pension Fund Board Of Trustees reported 26,717 shares. Amundi Pioneer Asset Mgmt Incorporated reported 1.61M shares. Spears Abacus Advisors Llc holds 0.16% or 8,817 shares. Pekin Singer Strauss Asset Mgmt Il stated it has 9,131 shares or 0.26% of all its holdings. Wealthtrust Axiom Ltd Liability Co has 3.09% invested in International Business Machines Corporation (NYSE:IBM) for 54,203 shares. Leuthold Gru Limited Liability Company holds 0.7% or 45,485 shares in its portfolio.

Flossbach Von Storch Ag, which manages about $10.46B US Long portfolio, upped its stake in Church & Dwight (NYSE:CHD) by 78,900 shares to 161,400 shares, valued at $8.10M in 2017Q4, according to the filing. It also increased its holding in Schlumberger (NYSE:SLB) by 185,200 shares in the quarter, for a total of 688,200 shares, and has risen its stake in Berkshire Hathaway B (BRKB).

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Argus Research on Friday, July 21. BMO Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. BMO Capital Markets has “Market Perform” rating and $165 target. As per Wednesday, October 18, the company rating was maintained by Citigroup. The firm has “Market Perform” rating given on Wednesday, April 26 by Wells Fargo. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. Jefferies maintained the shares of IBM in report on Thursday, June 22 with “Sell” rating. On Tuesday, April 19 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Overweight” rating given on Tuesday, July 19 by Morgan Stanley. As per Tuesday, July 19, the company rating was maintained by JMP Securities. As per Wednesday, October 21, the company rating was maintained by S&P Research.

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 Texas-based Rench Wealth has invested 3.11% in Bank of America Corporation (NYSE:BAC). Tctc Holding Lc reported 1.02M shares or 1.57% of all its holdings. Gateway Inv Advisers Ltd Liability Com holds 1.34% or 5.34 million shares in its portfolio. Basswood Lc invested 1.59% in Bank of America Corporation (NYSE:BAC). River And Mercantile Asset Mgmt Llp reported 579,500 shares. Brighton Jones Limited Liability Com stated it has 55,273 shares. Meiji Yasuda Asset Limited invested 0.7% in Bank of America Corporation (NYSE:BAC). Bollard Group Limited Liability Corporation stated it has 0.23% in Bank of America Corporation (NYSE:BAC). Serv Automobile Association accumulated 0.73% or 9.06 million shares. 1.81 million were accumulated by Poplar Forest Ltd Llc. Greenleaf reported 0.05% in Bank of America Corporation (NYSE:BAC). Gofen Glossberg Limited Liability Company Il holds 54,105 shares. Seatown Hldgs Pte Limited has 0.58% invested in Bank of America Corporation (NYSE:BAC). Dimensional Fund Lp reported 0.68% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Segall Bryant & Hamill Llc has 0.03% invested in Bank of America Corporation (NYSE:BAC).

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 113 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by BMO Capital Markets on Wednesday, April 12. The stock of Bank of America Corporation (NYSE:BAC) earned “Neutral” rating by Guggenheim on Tuesday, November 15. The firm earned “Buy” rating on Wednesday, July 13 by Berenberg. The rating was maintained by Jefferies with “Buy” on Friday, July 7. Macquarie Research upgraded the stock to “Hold” rating in Tuesday, September 1 report. The firm has “Buy” rating by Oppenheimer given on Tuesday, July 18. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Macquarie Research on Thursday, February 16. The firm earned “Hold” rating on Tuesday, January 9 by Societe Generale. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Tuesday, June 6 report. Deutsche Bank maintained Bank of America Corporation (NYSE:BAC) on Wednesday, August 12 with “Buy” rating.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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