Jump Trading Cut By $3.20 Million Its Bank Of America (BAC) Holding; Bronson Point Management Has Upped By $5.10 Million Its General Mtrs Co (GM) Stake

September 17, 2017 - By Vivian Currie

Bronson Point Management Llc increased General Mtrs Co (GM) stake by 149.93% reported in 2016Q4 SEC filing. Bronson Point Management Llc acquired 149,972 shares as General Mtrs Co (GM)’s stock declined 12.09%. The Bronson Point Management Llc holds 250,000 shares with $8.71 million value, up from 100,028 last quarter. General Mtrs Co now has $56.66B valuation. The stock increased 0.23% or $0.09 on September 15, reaching $38.88. About 25.35M shares traded or 157.10% up from the average. General Motors Company (NYSE:GM) has risen 7.92% since September 17, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Jump Trading Llc decreased Bank Of America Corp (BAC) stake by 99.94% reported in 2016Q4 SEC filing. Jump Trading Llc sold 123,024 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The Jump Trading Llc holds 76 shares with $2,000 value, down from 123,100 last quarter. Bank Of America Corp now has $257.22B valuation. The stock increased 0.58% or $0.14 on September 15, reaching $24.38. About 85.94M shares traded or 28.27% up from the average. Bank of America Corp (NYSE:BAC) has risen 58.64% since September 17, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on October, 13 before the open. They expect $0.47 EPS, up 14.63% or $0.06 from last year’s $0.41 per share. BAC’s profit will be $4.96B for 12.97 P/E if the $0.47 EPS becomes a reality. After $0.46 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Bank of America had 79 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura maintained Bank of America Corp (NYSE:BAC) on Tuesday, July 18 with “Buy” rating. The firm has “Buy” rating given on Tuesday, July 18 by Oppenheimer. As per Monday, May 16, the company rating was downgraded by Wood. The firm has “Hold” rating by Societe Generale given on Tuesday, September 13. The rating was downgraded by Standpoint Research to “Hold” on Thursday, December 1. The stock of Bank of America Corp (NYSE:BAC) has “Hold” rating given on Monday, April 24 by Berenberg. The stock of Bank of America Corp (NYSE:BAC) earned “Outperform” rating by Oppenheimer on Saturday, September 5. The company was upgraded on Monday, August 24 by Vetr. The firm earned “Buy” rating on Tuesday, July 19 by Citigroup. JP Morgan maintained Bank of America Corp (NYSE:BAC) on Thursday, April 7 with “Overweight” rating.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.03, from 1.15 in 2016Q3. It is negative, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. Estabrook Mngmt reported 472,326 shares. Mutual Of America Capital Management Ltd Llc accumulated 0.5% or 1.20 million shares. Pictet Asset Mngmt, United Kingdom-based fund reported 5.29M shares. Morgan Stanley has 0.39% invested in Bank of America Corp (NYSE:BAC). Boys Arnold holds 0.16% of its portfolio in Bank of America Corp (NYSE:BAC) for 44,485 shares. Mai accumulated 407,129 shares. Sky Invest Grp Ltd Liability Co has 0.15% invested in Bank of America Corp (NYSE:BAC) for 14,528 shares. 93,277 are owned by Atlanta Cap Grp. Continental Limited Company owns 422,500 shares or 2.54% of their US portfolio. Davenport Limited Liability Corp reported 249,046 shares or 0.08% of all its holdings. Rmsincerbeaux Mngmt Ltd Com invested in 222,038 shares. Murphy Capital Management invested 0.09% in Bank of America Corp (NYSE:BAC). Kbc Nv stated it has 5.07M shares or 1.11% of all its holdings. Tiger Mngmt Lc accumulated 1.32 million shares. Pax Ww Mgmt Lc, New Hampshire-based fund reported 907,240 shares.

Jump Trading Llc increased United States Oil Fund Lp (USO) stake by 1.38M shares to 1.45M valued at $16.99M in 2016Q4. It also upped Spdr Dow Jones Industrial Average Etf Trust (Put) (DIA) stake by 8,800 shares and now owns 18,700 shares. Tesla Motors Inc (Put) (NASDAQ:TSLA) was raised too.

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