CFRA Downgrades Bank of America (SNSE:BACCL)
Fintel reports that on July 16, 2024, CFRA downgraded their outlook for Bank of America (SNSE:BACCL) from Hold to Sell.
What is the Fund Sentiment?
There are 4,186 funds or institutions reporting positions in Bank of America. This is an increase of 53 owner(s) or 1.28% in the last quarter. Average portfolio weight of all funds dedicated to BACCL is 0.69%, an increase of 0.90%. Total shares owned by institutions increased in the last three months by 0.20% to 6,214,615K 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 BACCL 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 BACCL 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 BACCL 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 BACCL by 2.98% over the last quarter.
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This story originally appeared on Fintel.