Tower Bridge Advisors Raised By $2.16 Million Its Bank Of America (BAC) Stake; Anchor Capital Advisors Lowered Broadridge Finl Solutions In (BR) Position

December 7, 2017 - By Nellie Frank

Tower Bridge Advisors increased Bank Of America Corp (BAC) stake by 0.98% reported in 2017Q2 SEC filing. Tower Bridge Advisors acquired 89 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The Tower Bridge Advisors holds 9,135 shares with $221.62M value, up from 9,046 last quarter. Bank Of America Corp now has $298.73 billion valuation. The stock decreased 1.00% or $0.29 during the last trading session, reaching $28.64. About 74.59M shares traded or 7.69% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 7, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Anchor Capital Advisors Llc decreased Broadridge Finl Solutions In (BR) stake by 5.45% reported in 2017Q2 SEC filing. Anchor Capital Advisors Llc sold 36,948 shares as Broadridge Finl Solutions In (BR)’s stock rose 6.96%. The Anchor Capital Advisors Llc holds 640,971 shares with $48.43 million value, down from 677,919 last quarter. Broadridge Finl Solutions In now has $10.33B valuation. The stock increased 0.10% or $0.09 during the last trading session, reaching $88.65. About 434,674 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 17.08% since December 7, 2016 and is uptrending. It has outperformed by 0.38% the S&P500.




Anchor Capital Advisors Llc increased Vanguard Scottsdale Fds (VCSH) stake by 12,043 shares to 1.10M valued at $88.38 million in 2017Q2. It also upped Unilever Plc (NYSE:UL) stake by 91,426 shares and now owns 103,399 shares. Haemonetics Corp (NYSE:HAE) was raised too.

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 14 analyst reports since August 14, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, June 7 by Raymond James. The company was maintained on Wednesday, August 10 by Barclays Capital. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, November 9. The firm has “Sell” rating by Zacks given on Friday, August 14. The stock has “Market Outperform” rating by Avondale on Friday, January 8. The firm has “Overweight” rating by Barclays Capital given on Wednesday, September 16. Avondale downgraded Broadridge Financial Solutions, Inc. (NYSE:BR) on Wednesday, June 15 to “Market Perform” rating. The company was downgraded on Thursday, September 29 by Sandler O’Neill. The company was initiated on Tuesday, September 13 by Atlantic Securities. JP Morgan maintained it with “Neutral” rating and $59 target in Friday, August 14 report.

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on February, 14. They expect $0.58 earnings per share, up 48.72% or $0.19 from last year’s $0.39 per share. BR’s profit will be $67.60M for 38.21 P/E if the $0.58 EPS becomes a reality. After $0.54 actual earnings per share reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 7.41% EPS growth.

Investors sentiment decreased to 1.02 in 2017 Q2. Its down 0.03, from 1.05 in 2017Q1. It turned negative, as 33 investors sold BR shares while 155 reduced holdings. 53 funds opened positions while 139 raised stakes. 95.50 million shares or 2.47% less from 97.92 million shares in 2017Q1 were reported. Veritable LP holds 0% or 2,832 shares. Pggm Invests stated it has 0.13% in Broadridge Financial Solutions, Inc. (NYSE:BR). Loring Wolcott & Coolidge Fiduciary Llp Ma invested in 18,577 shares. Moreover, State Teachers Retirement Systems has 0.04% invested in Broadridge Financial Solutions, Inc. (NYSE:BR). Garrison Fincl Corporation has 2.32% invested in Broadridge Financial Solutions, Inc. (NYSE:BR). Bnp Paribas Asset Management Hldgs, a France-based fund reported 29,639 shares. Clinton Gru accumulated 0.06% or 8,315 shares. Strs Ohio invested 0% in Broadridge Financial Solutions, Inc. (NYSE:BR). Glenmede Na has 0% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 3,769 shares. Tctc Company holds 5,925 shares. Schwab Charles Mgmt holds 0.03% or 372,959 shares. 65,273 were accumulated by Wendell David Assocs Incorporated. Cambridge Inv Research Advsr reported 10,126 shares. Whittier Trust Company holds 0% or 133 shares. Waddell And Reed Financial Incorporated stated it has 133,200 shares or 0.02% of all its holdings.

Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Bank of America had 95 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by UBS on Wednesday, January 11 to “Neutral”. The company was upgraded on Wednesday, August 26 by UBS. On Wednesday, October 7 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Citigroup with “Neutral” on Monday, October 9. The stock has “Overweight” rating by JP Morgan on Wednesday, November 1. BMO Capital Markets maintained the shares of BAC in report on Friday, October 13 with “Hold” rating. The rating was maintained by Wells Fargo on Thursday, August 10 with “Outperform”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, July 18 by Nomura. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Monday, October 10.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It dived, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. Quantitative Systematic Strategies Limited Liability Com owns 69,419 shares or 0.43% of their US portfolio. 1.01M are owned by Golub Gp Ltd Llc. Manatuck Hill Limited Liability Co accumulated 135,637 shares or 1.65% of the stock. Bankshares Of America Corporation De has invested 0.09% of its portfolio in Bank of America Corporation (NYSE:BAC). Arizona State Retirement Sys holds 0.83% or 2.47M shares in its portfolio. Telemus Ltd Liability has invested 0.22% in Bank of America Corporation (NYSE:BAC). Dupont Cap accumulated 0.9% or 1.67M shares. Carlton Hofferkamp Jenks Wealth Limited stated it has 60,497 shares. Becker Capital Mgmt has 0.01% invested in Bank of America Corporation (NYSE:BAC) for 16,158 shares. Basswood Cap Ltd Limited Liability Company has invested 2.02% in Bank of America Corporation (NYSE:BAC). Athena Advsr Limited Co reported 0.48% in Bank of America Corporation (NYSE:BAC). Victory Mgmt reported 0.05% of its portfolio in Bank of America Corporation (NYSE:BAC). Boyd Watterson Asset Limited Liability Com Oh has invested 0.31% in Bank of America Corporation (NYSE:BAC). Willingdon Wealth Management holds 0.17% in Bank of America Corporation (NYSE:BAC) or 17,310 shares. The Texas-based B & T Capital Management Dba Alpha Capital Management has invested 1.14% in Bank of America Corporation (NYSE:BAC).

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