Montag A & Associates Has Upped Bank Amer Com (BAC) Holding By $793,846; Northern Trust Upped Diamondrock Hospitality Co (DRH) Position

May 26, 2018 - By Cheryll Laflamme

Bank of America Corporation (NYSE:BAC) Logo

Northern Trust Corp increased Diamondrock Hospitality Co (DRH) stake by 2.19% reported in 2017Q4 SEC filing. Northern Trust Corp acquired 144,312 shares as Diamondrock Hospitality Co (DRH)’s stock declined 10.64%. The Northern Trust Corp holds 6.75M shares with $76.19 million value, up from 6.60M last quarter. Diamondrock Hospitality Co now has $2.53B valuation. The stock increased 0.24% or $0.03 during the last trading session, reaching $12.62. About 1.87M shares traded. DiamondRock Hospitality Company (NYSE:DRH) has declined 5.84% since May 26, 2017 and is downtrending. It has underperformed by 17.39% the S&P500.

Montag A & Associates Inc increased Bank Amer Corp Com (BAC) stake by 11.16% reported in 2017Q4 SEC filing. Montag A & Associates Inc acquired 27,374 shares as Bank Amer Corp Com (BAC)’s stock declined 1.20%. The Montag A & Associates Inc holds 272,622 shares with $8.05M value, up from 245,248 last quarter. Bank Amer Corp Com now has $305.80B valuation. The stock decreased 0.17% or $0.05 during the last trading session, reaching $30.16. About 44.17M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 26, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “Friday’s Vital Data: Micron Technology, Inc. (MU), Bank of America Corp (BAC) and Petróleo Brasileiro SA Petrobras …” on May 25, 2018, also Seekingalpha.com with their article: “Financial sector the winner today” published on May 22, 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: Bizjournals.com and their article: “Bank of America rolls out AI assistant Erica to all mobile customers” published on May 21, 2018 as well as Bizjournals.com‘s news article titled: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” with publication date: May 24, 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 Tuesday, June 6 by Jefferies. Wood maintained the shares of BAC in report on Friday, April 7 with “Outperform” rating. The rating was upgraded by Bruyette & Woods” to “Mkt Perform” on Monday, August 24. Renaissance Macro Securities LLC maintained Bank of America Corporation (NYSE:BAC) rating on Sunday, July 23. Renaissance Macro Securities LLC has “Buy” rating and $2900 target. As per Wednesday, April 4, the company rating was maintained by Keefe Bruyette & Woods. On Friday, October 6 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by Nomura given on Monday, April 16. Citigroup maintained Bank of America Corporation (NYSE:BAC) rating on Monday, October 9. Citigroup has “Neutral” rating and $27 target. The firm has “Buy” rating given on Tuesday, August 25 by Deutsche Bank. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Robert W. Baird on Tuesday, October 31.

Montag A & Associates Inc decreased United Parcel Service Inc Cl B (NYSE:UPS) stake by 4,175 shares to 38,230 valued at $4.56 million in 2017Q4. It also reduced Kraft Heinz Company stake by 6,840 shares and now owns 6,319 shares. United Rentals Inc. (NYSE:URI) was reduced too.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It is positive, 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. Liberty Mutual Group Asset Mngmt owns 391,070 shares for 0.34% of their portfolio. Perkins Capital Management invested in 28,800 shares. Lombard Odier Asset Mgmt (Europe) Ltd accumulated 0.2% or 109,879 shares. Berson Corrado Invest Advisors Ltd Company holds 5.22% or 302,620 shares in its portfolio. Fincl Advisory invested 0.15% of its portfolio in Bank of America Corporation (NYSE:BAC). The Massachusetts-based Ngam Lp has invested 0.4% in Bank of America Corporation (NYSE:BAC). Clark Capital Mngmt Group holds 0.72% or 793,294 shares. Wedge Mgmt L Ltd Partnership Nc has 0.44% invested in Bank of America Corporation (NYSE:BAC). 101,360 were accumulated by Reliant Inv Mngmt Ltd Liability Corporation. Community National Bank & Trust Na has 0.02% invested in Bank of America Corporation (NYSE:BAC). Middleton Ma reported 0.58% in Bank of America Corporation (NYSE:BAC). The California-based Needelman Asset Mngmt has invested 4.09% in Bank of America Corporation (NYSE:BAC). 838,034 are owned by Ls Advsrs Lc. Horrell Management holds 39,331 shares. Sheets Smith Wealth owns 65,097 shares or 0.45% of their US portfolio.

Since March 2, 2018, it had 1 insider purchase, and 1 insider sale for $32,486 activity. The insider Brugger Mark W bought 10,000 shares worth $99,800. $132,286 worth of DiamondRock Hospitality Company (NYSE:DRH) was sold by RAY GILBERT T on Wednesday, May 9.

Another recent and important DiamondRock Hospitality Company (NYSE:DRH) news was published by Seekingalpha.com which published an article titled: “DiamondRock Hospitality’s (DRH) CEO Mark Brugger on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018.

Among 17 analysts covering Diamondrock Hospitality Company (NYSE:DRH), 5 have Buy rating, 3 Sell and 9 Hold. Therefore 29% are positive. Diamondrock Hospitality Company had 49 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Janney Capital given on Wednesday, December 2. SunTrust maintained the stock with “Hold” rating in Tuesday, October 17 report. KeyBanc Capital Markets downgraded DiamondRock Hospitality Company (NYSE:DRH) on Monday, October 5 to “Sector Weight” rating. The firm has “Buy” rating given on Friday, November 10 by Robert W. Baird. The firm has “Outperform” rating given on Friday, July 14 by Raymond James. The rating was maintained by Boenning & Scattergood on Wednesday, April 19 with “Underperform”. The stock of DiamondRock Hospitality Company (NYSE:DRH) has “Hold” rating given on Wednesday, February 28 by Boenning & Scattergood. The stock has “Sell” rating by Boenning & Scattergood on Wednesday, November 8. The rating was maintained by Citigroup on Wednesday, October 5 with “Neutral”. Canaccord Genuity maintained DiamondRock Hospitality Company (NYSE:DRH) on Monday, August 7 with “Buy” rating.

DiamondRock Hospitality Company (NYSE:DRH) Institutional Positions Chart

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