Fintel reports that on July 16, 2024, CFRA downgraded their outlook for Bank of America (LSE:0Q16) from Hold to Sell.
Analyst Price Forecast Suggests 2.35% Downside
As of July 4, 2024, the average one-year price target for Bank of America is 41.01 GBX/share. The forecasts range from a low of 34.66 GBX to a high of 49.56 GBX. The average price target represents a decrease of 2.35% from its latest reported closing price of 42.00 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bank of America is 104,156MM. The projected annual non-GAAP EPS is 3.72.
What is the Fund Sentiment?
There are 4,189 funds or institutions reporting positions in Bank of America. This is an increase of 58 owner(s) or 1.40% in the last quarter. Average portfolio weight of all funds dedicated to 0Q16 is 0.69%, an increase of 0.72%. Total shares owned by institutions increased in the last three months by 0.20% to 6,214,862K shares.
What are Other Shareholders Doing?
Berkshire Hathaway holds 1,032,852K shares representing 13.21% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 210,263K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 211,016K shares , representing a decrease of 0.36%. The firm increased its portfolio allocation in 0Q16 by 2.31% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 173,507K shares representing 2.22% ownership of the company. In its prior filing, the firm reported owning 168,196K shares , representing an increase of 3.06%. The firm increased its portfolio allocation in 0Q16 by 2.43% over the last quarter.
Jpmorgan Chase holds 146,885K shares representing 1.88% ownership of the company. In its prior filing, the firm reported owning 149,050K shares , representing a decrease of 1.47%. The firm decreased its portfolio allocation in 0Q16 by 89.12% over the last quarter.
Geode Capital Management holds 137,026K shares representing 1.75% ownership of the company. In its prior filing, the firm reported owning 132,478K shares , representing an increase of 3.32%. The firm increased its portfolio allocation in 0Q16 by 2.98% over the last quarter.
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