Nokota Management LP Has Decreased Its Position in Bank Amer (Call) (BAC) by $60.18 Million as Share Value Declined; As Brown Forman (BF.B) Share Price Were Volatile, Town & Country Bank & Trust Company Dba First Bankers Trust Company Lifted Stake by $1.07 Million

June 23, 2018 - By Adrian Erickson

Bank of America Corporation (NYSE:BAC) Logo

Town & Country Bank & Trust Company Dba First Bankers Trust Company increased its stake in Brown Forman Corp (BF.B) by 49.02% based on its latest 2018Q1 regulatory filing with the SEC. Town & Country Bank & Trust Company Dba First Bankers Trust Company bought 19,795 shares as the company’s stock 0.00% . The institutional investor held 60,177 shares of the company at the end of 2018Q1, valued at $3.27M, up from 40,382 at the end of the previous reported quarter. Town & Country Bank & Trust Company Dba First Bankers Trust Company who had been investing in Brown Forman Corp for a number of months, seems to be bullish on the $23.64 billion market cap company. The stock decreased 0.34% or $0.17 during the last trading session, reaching $49.81. About 3.83M shares traded or 222.40% up from the average. Brown-Forman Corporation (NYSE:BF.B) has risen 40.18% since June 23, 2017 and is uptrending. It has outperformed by 27.61% the S&P500.

Matthew Knauer decreased its stake in Bank Amer Corp (Call) (BAC) by 50.92% based on its latest 2018Q1 regulatory filing with the SEC. Nokota Management Lp sold 2.08M shares as the company’s stock declined 6.97% with the market. The hedge fund run by Matthew Knauer held 2.00M shares of the major banks company at the end of 2018Q1, valued at $59.98M, down from 4.08M at the end of the previous reported quarter. Nokota Management Lp who had been investing in Bank Amer Corp (Call) for a number of months, seems to be less bullish one the $293.94B market cap company. The stock decreased 1.02% or $0.3 during the last trading session, reaching $28.99. About 77.35M shares traded or 14.47% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 23, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 30/04/2018 – NewLink Genetics at Bank of America Conference May 17; 09/04/2018 – Merrill Lynch Expects Tariffs Deal Despite Escalating Rhetoric (Video); 18/05/2018 – Bank of America Delivers First Widely Available Al–Driven Virtual Financial Assistant; 19/04/2018 – Bank of America Merchant Services and Bypass Present PYMNTS.com Quarterly Restaurant Readiness lndex™; 10/05/2018 – Moody’s Assigns Provisional Aaa (sf) To Bank Of America’s Class A(2018-2) Card Abs; 15/05/2018 – Gilead Presenting at Bank of America Conference Tomorrow; 02/05/2018 – NanoString Presenting at Bank of America Conference May 15; 01/05/2018 – MUBADALA SAID TO PICK BOFA, CITI, MS, SANTANDER FOR CEPSA IPO; 19/03/2018 – New York Post: Merrill Lynch whistleblowers get $88 million; 16/04/2018 – Steven Chubak Sees Continued Upside Potential For Bank of America (Video)

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It fall, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Paloma Prtnrs Mgmt reported 150,296 shares or 0.07% of all its holdings. Tdam Usa Inc accumulated 669,354 shares. Proffitt Goodson Incorporated, a Tennessee-based fund reported 43,815 shares. Washington Trust holds 2.14% of its portfolio in Bank of America Corporation (NYSE:BAC) for 1.22M shares. Private Asset Mngmt Inc stated it has 782,333 shares. Summit Secs Grp Inc Ltd Co has 645,900 shares for 4.74% of their portfolio. Glenmede Commerce Na invested 0.08% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Retirement Planning Gp has 0.07% invested in Bank of America Corporation (NYSE:BAC) for 8,759 shares. Mufg Americas owns 0.08% invested in Bank of America Corporation (NYSE:BAC) for 88,448 shares. Seatown Hldgs Pte Limited reported 680,000 shares or 1.93% of all its holdings. Nexus Mngmt holds 0.12% of its portfolio in Bank of America Corporation (NYSE:BAC) for 25,900 shares. 16.24 million were reported by Td Asset Mngmt. Cls Invs Ltd Liability Corp has 2,447 shares for 0% of their portfolio. Savings Bank Of Montreal Can reported 28.68 million shares or 0.77% of all its holdings. Martingale Asset Mgmt Lp accumulated 13,212 shares or 0.01% of the stock.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 earnings per share, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39 billion for 11.50 P/E if the $0.63 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

Nokota Management Lp, which manages about $1.60B and $7.27 billion US Long portfolio, upped its stake in Williams Cos Inc Del (NYSE:WMB) by 110,000 shares to 847,500 shares, valued at $21.07M in 2018Q1, according to the filing. It also increased its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 325,000 shares in the quarter, for a total of 825,000 shares, and has risen its stake in Facebook Inc (Call) (NASDAQ:FB).

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “3 Key Bank Stocks Ahead of the Stress Tests” on June 20, 2018, also Bizjournals.com with their article: “How Bank of America and Wells Fargo fared in latest round of stress testing” published on June 22, 2018, Seekingalpha.com published: “Bank Of America: More Tailwinds” on June 03, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Citi warns on bank job automation” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: More Trade Tiffs And Stress Tests” with publication date: June 23, 2018.

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 firm earned “Buy” rating on Wednesday, January 20 by Sandler O’Neill. On Friday, October 6 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Wednesday, January 11 by Citigroup. The firm has “Hold” rating given on Friday, October 6 by BMO Capital Markets. The rating was upgraded by Nomura to “Buy” on Tuesday, September 8. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Berenberg on Monday, April 24. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by KBW on Monday, August 24. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, April 4 report. The firm has “Hold” rating by Robert W. Baird given on Tuesday, January 2. As per Sunday, August 13, the company rating was maintained by Keefe Bruyette & Woods.

Town & Country Bank & Trust Company Dba First Bankers Trust Company, which manages about $190.07M US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 26,825 shares to 95,692 shares, valued at $1.29 million in 2018Q1, according to the filing.

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Brown-Forman had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Brown-Forman Corporation (NYSE:BF.B) has “Hold” rating given on Wednesday, December 6 by Cowen & Co. The stock of Brown-Forman Corporation (NYSE:BF.B) earned “Hold” rating by RBC Capital Markets on Friday, June 23. SunTrust maintained Brown-Forman Corporation (NYSE:BF.B) on Thursday, October 5 with “Hold” rating. As per Wednesday, March 8, the company rating was maintained by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, May 23 by RBC Capital Markets. Cowen & Co maintained it with “Hold” rating and $52.0 target in Tuesday, August 22 report. As per Friday, October 23, the company rating was downgraded by Stifel Nicolaus. As per Thursday, March 8, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Thursday, December 22 by Suntrust Robinson. Cowen & Co maintained the stock with “Hold” rating in Thursday, August 31 report.

More news for Brown-Forman Corporation (NYSE:BF.B) were recently published by: Seekingalpha.com, which released: “Brown-Forman Corporation (BF.B) CEO Paul Varga on Q4 2018 Results – Earnings Call Transcript” on June 06, 2018. Seekingalpha.com‘s article titled: “Ross: EU will determine tariff escalation” and published on May 31, 2018 is yet another important article.

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

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