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Mai Wealth Advisors Has Decreased Its Bank Of America (BAC) Position; Profile of 4 Analysts Covering Investment Technology Group, Inc. (ITG)

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Mai Wealth Advisors decreased Bank Of America Corp (BAC) stake by 2.83% reported in 2017Q4 SEC filing. Mai Wealth Advisors sold 12,544 shares as Bank Of America Corp (BAC)’s stock declined 1.20%. The Mai Wealth Advisors holds 431,353 shares with $12.73 million value, down from 443,897 last quarter. Bank Of America Corp now has $308.64 billion valuation. The stock decreased 1.46% or $0.45 during the last trading session, reaching $30.44. About 73.89M shares traded or 10.20% up from the average. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 24, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Among 6 analysts covering Investment Technolgy Group Inc (NYSE:ITG), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Investment Technolgy Group Inc had 9 analyst reports since September 9, 2015 according to SRatingsIntel. The rating was upgraded by Rosenblatt to “Buy” on Friday, March 2. JP Morgan downgraded the shares of ITG in report on Thursday, April 7 to “Neutral” rating. The stock of Investment Technology Group, Inc. (NYSE:ITG) earned “Hold” rating by Sandler O’Neill on Tuesday, January 9. The rating was maintained by Jefferies with “Buy” on Tuesday, May 30. The stock of Investment Technology Group, Inc. (NYSE:ITG) earned “Outperform” rating by Credit Suisse on Tuesday, March 29. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, January 20. See Investment Technology Group, Inc. (NYSE:ITG) latest ratings:

02/03/2018 Broker: Rosenblatt Old Rating: Neutral New Rating: Buy Upgrade
09/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $21.0 Maintain

Investors sentiment increased to 1.19 in Q4 2017. 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. Birinyi Associate has 0.21% invested in Bank of America Corporation (NYSE:BAC) for 16,250 shares. Carlson Cap LP accumulated 400,802 shares. Sumitomo Mitsui Asset Communication has invested 0.36% in Bank of America Corporation (NYSE:BAC). Cv Starr & Co Trust accumulated 96,726 shares. First Midwest Bancorp Division has invested 0.36% in Bank of America Corporation (NYSE:BAC). Pathstone Family Office Ltd holds 0.01% of its portfolio in Bank of America Corporation (NYSE:BAC) for 500 shares. Blackrock Inc invested 0.94% in Bank of America Corporation (NYSE:BAC). Tennessee-based Chickasaw Cap Management Limited Liability Corp has invested 0% in Bank of America Corporation (NYSE:BAC). Orrstown Finance holds 0.06% of its portfolio in Bank of America Corporation (NYSE:BAC) for 1,866 shares. 31,908 are owned by Hanson Mcclain. 733,132 are owned by Assetmark. Iron Financial Ltd Liability has invested 0.14% in Bank of America Corporation (NYSE:BAC). Nbt Fincl Bank N A Ny stated it has 0.14% in Bank of America Corporation (NYSE:BAC). Hartford Investment owns 1.14% invested in Bank of America Corporation (NYSE:BAC) for 2.09 million shares. Noesis Cap Mangement, a Florida-based fund reported 10,415 shares.

Mai Wealth Advisors increased Amazon.Com (NASDAQ:AMZN) stake by 1,207 shares to 6,873 valued at $8.04M in 2017Q4. It also upped Ishares Msci Eafe Small Cap In (SCZ) stake by 10,460 shares and now owns 116,839 shares. Netflix Inc. (NASDAQ:NFLX) was raised too.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.64 earnings per share, up 39.13% or $0.18 from last year’s $0.46 per share. BAC’s profit will be $6.49B for 11.89 P/E if the $0.64 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 3.23% EPS growth.

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 has “Buy” rating by Sandler O’Neill given on Tuesday, January 9. CLSA upgraded the shares of BAC in report on Friday, January 29 to “Outperform” rating. Standpoint Research downgraded Bank of America Corporation (NYSE:BAC) on Thursday, December 1 to “Hold” rating. The company was upgraded on Wednesday, January 11 by Societe Generale. JP Morgan maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, November 1. JP Morgan has “Overweight” rating and $28.5 target. Credit Suisse maintained the shares of BAC in report on Thursday, June 1 with “Buy” rating. On Tuesday, September 13 the stock rating was downgraded by Societe Generale to “Hold”. Bernstein upgraded the stock to “Buy” rating in Tuesday, September 1 report. The rating was maintained by Citigroup with “Neutral” on Monday, October 9. The rating was initiated by Vining Sparks on Monday, April 16 with “Buy”.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Financial sector the winner today” on May 22, 2018, also Bizjournals.com with their article: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” published on May 23, 2018, Seekingalpha.com published: “Bank Of America: Time To Sell?” on May 08, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” published on May 17, 2018 as well as Bizjournals.com‘s news article titled: “Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica” with publication date: May 23, 2018.

The stock increased 0.66% or $0.15 during the last trading session, reaching $22.99. About 109,937 shares traded. Investment Technology Group, Inc. (NYSE:ITG) has declined 2.37% since May 24, 2017 and is downtrending. It has underperformed by 13.92% the S&P500.

Investors sentiment decreased to 1.28 in 2017 Q4. Its down 1.22, from 2.5 in 2017Q3. It worsened, as 9 investors sold Investment Technology Group, Inc. shares while 41 reduced holdings. 18 funds opened positions while 46 raised stakes. 27.87 million shares or 0.98% less from 28.15 million shares in 2017Q3 were reported. Royal Fincl Bank Of Canada holds 11 shares or 0% of its portfolio. Ameritas Invest Prtn holds 2,642 shares. Ameriprise Fincl Incorporated holds 210,084 shares. Qs Invsts Ltd Limited Liability Company holds 38,465 shares. Secor Capital Advisors Lp reported 0.01% stake. 1.37 million are owned by Philadelphia Mngmt Of San Francisco Llc. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0% invested in Investment Technology Group, Inc. (NYSE:ITG) for 14,100 shares. Fny Managed Accounts Ltd Liability reported 304 shares. Deutsche Bank & Trust Ag holds 0% or 215,434 shares. Pnc Ser Group Inc Inc accumulated 154 shares or 0% of the stock. Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Investment Technology Group, Inc. (NYSE:ITG). Renaissance Techs Limited Liability Co reported 523,200 shares. 39,312 were reported by Highbridge Lc. Putnam Ltd Liability Corp holds 0.03% or 675,138 shares in its portfolio. Savings Bank Of Montreal Can holds 0% or 145 shares in its portfolio.

Investment Technology Group, Inc. operates as an independent broker and financial technology firm in the United States, Canada, Europe, and the Asia Pacific. The company has market cap of $759.06 million. The firm offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as investment research, pre-trade analytics, and post-trade analytics and processing. It currently has negative earnings. The firm offers ITG Algorithms and ITG Smart Router that offers portfolio managers and traders to trade orders; POSIT for continuous and scheduled crossing of non-displayed equity orders and price improvement opportunities; ITG Derivatives for electronic listed futures and options trading; ITG Commission Manager, a Web commission management portal; and securities lending services.

Investment Technology Group, Inc. (NYSE:ITG) Institutional Positions Chart

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