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Sabal Trust Co Holding in General Electric Co (GE) Has Trimmed as Share Value Declined; As Bank Amer (BAC) Shares Declined, Nwq Investment Management Company Lowered by $13.68 Million Its Position

Nwq Investment Management Company Llc decreased its stake in Bank Amer Corp (BAC) by 16.18% based on its latest 2017Q3 regulatory filing with the SEC. Nwq Investment Management Company Llc sold 547,011 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 2.83 million shares of the major banks company at the end of 2017Q3, valued at $71.83M, down from 3.38 million at the end of the previous reported quarter. Nwq Investment Management Company Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $328.41B market cap company. The stock increased 0.98% or $0.305 during the last trading session, reaching $31.485. About 32.34M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 18, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Sabal Trust Co decreased its stake in General Electric Co (GE) by 93.27% based on its latest 2017Q3 regulatory filing with the SEC. Sabal Trust Co sold 1.01 million shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 72,802 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.76 million, down from 1.08M at the end of the previous reported quarter. Sabal Trust Co who had been investing in General Electric Co for a number of months, seems to be less bullish one the $148.24 billion market cap company. The stock decreased 1.47% or $0.2557 during the last trading session, reaching $17.0943. About 71.02M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 18, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

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. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Bernstein on Tuesday, September 1. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, December 12. Raymond James maintained the shares of BAC in report on Tuesday, December 5 with “Buy” rating. The rating was maintained by Nomura with “Buy” on Tuesday, July 18. The stock has “Buy” rating by Nomura on Tuesday, September 8. The firm earned “Hold” rating on Monday, April 24 by Berenberg. Wells Fargo maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, December 20. Wells Fargo has “Buy” rating and $35.0 target. Citigroup maintained Bank of America Corporation (NYSE:BAC) on Wednesday, January 11 with “Buy” rating. CLSA upgraded the shares of BAC in report on Friday, January 29 to “Outperform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, June 14 report.

Nwq Investment Management Company Llc, which manages about $13.77 billion and $8.17B US Long portfolio, upped its stake in Ares Cap Corp (NASDAQ:ARCC) by 60,835 shares to 1.18 million shares, valued at $19.27M in 2017Q3, according to the filing. It also increased its holding in Deltic Timber Corp (NYSE:DEL) by 3,820 shares in the quarter, for a total of 338,792 shares, and has risen its stake in Nextera Energy Inc (Prn).

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, 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. Huber Capital Mngmt Lc stated it has 1.60M shares or 2.23% of all its holdings. Private Wealth Advsrs holds 48,448 shares. Hodges Management Incorporated holds 152,476 shares or 0.26% of its portfolio. Falcon Edge Limited Partnership stated it has 416,000 shares or 2.63% of all its holdings. Eagle Ridge Inv Mgmt holds 1.52% or 362,235 shares. Sanders Capital Limited Company reported 29.89M shares. Legacy Capital Ptnrs reported 77,740 shares. 489 are held by Wealthtrust. Lee Danner & Bass Incorporated stated it has 0.08% of its portfolio in Bank of America Corporation (NYSE:BAC). Usca Ria Limited Liability has 134,876 shares for 0.42% of their portfolio. Empirical Financial Services Limited Liability Corporation stated it has 16,957 shares. Wills Group Inc Inc invested 0.24% of its portfolio in Bank of America Corporation (NYSE:BAC). Pennsylvania-based Cim Inv Mangement has invested 0.53% in Bank of America Corporation (NYSE:BAC). Wright Service stated it has 0.89% in Bank of America Corporation (NYSE:BAC). Maine-based Spinnaker Tru has invested 0.05% in Bank of America Corporation (NYSE:BAC).

Sabal Trust Co, which manages about $1.00B US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 242,060 shares to 950,160 shares, valued at $33.92M in 2017Q3, according to the filing. It also increased its holding in Chevron Corp New (NYSE:CVX) by 4,298 shares in the quarter, for a total of 22,066 shares, and has risen its stake in Ishares Tr (CIU).

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 14.74 P/E if the $0.29 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. The insider Comstock Elizabeth J sold $633,375. Shares for $2.66M were bought by Flannery John Leonard on Tuesday, August 8.

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