Pictet Asset Management LTD Raised Rockwell Collins (COL) Position; Capstone Investment Advisors Decreased Position in Bank Amer (Call) (BAC) by $2.21 Million as Market Value Declined

December 20, 2017 - By Richard Conner

Capstone Investment Advisors Llc decreased its stake in Bank Amer Corp (Call) (BAC) by 72.94% based on its latest 2017Q2 regulatory filing with the SEC. Capstone Investment Advisors Llc sold 92,200 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund held 34,200 shares of the major banks company at the end of 2017Q2, valued at $829,000, down from 126,400 at the end of the previous reported quarter. Capstone Investment Advisors Llc who had been investing in Bank Amer Corp (Call) for a number of months, seems to be less bullish one the $307.49 billion market cap company. The stock increased 0.10% or $0.03 during the last trading session, reaching $29.48. About 80.88M shares traded or 17.65% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 20, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Pictet Asset Management Ltd increased its stake in Rockwell Collins Inc (COL) by 11.82% based on its latest 2017Q2 regulatory filing with the SEC. Pictet Asset Management Ltd bought 15,547 shares as the company’s stock rose 9.83% with the market. The institutional investor held 147,099 shares of the capital goods company at the end of 2017Q2, valued at $16.04 million, up from 131,552 at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Rockwell Collins Inc for a number of months, seems to be bullish on the $22.11 billion market cap company. The stock increased 0.13% or $0.18 during the last trading session, reaching $135.07. About 889,043 shares traded. Rockwell Collins, Inc. (NYSE:COL) has risen 16.15% since December 20, 2016 and is uptrending. It has underperformed by 0.55% the S&P500.

Among 22 analysts covering Rockwell Collins (NYSE:COL), 5 have Buy rating, 1 Sell and 16 Hold. Therefore 23% are positive. Rockwell Collins had 69 analyst reports since July 28, 2015 according to SRatingsIntel. Zacks downgraded the stock to “Hold” rating in Tuesday, August 25 report. As per Monday, January 25, the company rating was maintained by Barclays Capital. SunTrust initiated the stock with “Hold” rating in Thursday, January 19 report. RBC Capital Markets maintained it with “Hold” rating and $140.0 target in Sunday, October 8 report. RBC Capital Markets maintained Rockwell Collins, Inc. (NYSE:COL) on Sunday, July 30 with “Hold” rating. RBC Capital Markets maintained the shares of COL in report on Friday, May 26 with “Hold” rating. The rating was maintained by Buckingham Research with “Buy” on Wednesday, October 5. Jefferies maintained Rockwell Collins, Inc. (NYSE:COL) rating on Monday, July 24. Jefferies has “Hold” rating and $10800 target. The company was maintained on Tuesday, August 1 by Goldman Sachs. The firm earned “Hold” rating on Wednesday, September 6 by Drexel Hamilton.

Pictet Asset Management Ltd, which manages about $32.49B US Long portfolio, decreased its stake in Cummins Inc (NYSE:CMI) by 2,200 shares to 172,785 shares, valued at $27.25M in 2017Q2, according to the filing. It also reduced its holding in Aes Corp (NYSE:AES) by 356,943 shares in the quarter, leaving it with 5.36 million shares, and cut its stake in Target Corp (NYSE:TGT).

Investors sentiment increased to 2.72 in Q2 2017. Its up 1.41, from 1.31 in 2017Q1. It is positive, as 39 investors sold COL shares while 97 reduced holdings. 123 funds opened positions while 247 raised stakes. 122.00 million shares or 17.73% more from 103.63 million shares in 2017Q1 were reported. Highvista Strategies Ltd Liability Company reported 2,800 shares stake. Wilbanks Smith And Thomas Asset Management Limited Liability Corporation holds 4,901 shares or 0.05% of its portfolio. Meeder Asset Management Inc has 162 shares for 0% of their portfolio. New York State Teachers Retirement has invested 0.06% of its portfolio in Rockwell Collins, Inc. (NYSE:COL). Geneva Advsrs Limited Company has 14,877 shares for 0.03% of their portfolio. Teachers Retirement Sys Of The State Of Kentucky owns 0.02% invested in Rockwell Collins, Inc. (NYSE:COL) for 17,247 shares. Parametric Port Assoc Limited Liability Co stated it has 0.04% of its portfolio in Rockwell Collins, Inc. (NYSE:COL). Advantus Cap Mngmt holds 0.05% of its portfolio in Rockwell Collins, Inc. (NYSE:COL) for 16,439 shares. Tide Point Mngmt Lp owns 636,728 shares or 3.8% of their US portfolio. Toronto Dominion Bancorporation invested in 56,614 shares. Klingenstein Fields & Ltd Liability Corp holds 267,163 shares or 1.1% of its portfolio. Altfest L J Inc has invested 0.35% in Rockwell Collins, Inc. (NYSE:COL). D E Shaw holds 3,784 shares or 0% of its portfolio. 53,395 are held by Hartford Mngmt. 871,612 are held by Dimensional Fund Lp.

Since December 18, 2017, it had 0 insider purchases, and 2 insider sales for $3.87 million activity. Shares for $443,745 were sold by STENSKE DOUGLAS E on Monday, December 18.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It is negative, 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. California State Teachers Retirement Systems owns 0.98% invested in Bank of America Corporation (NYSE:BAC) for 19.02M shares. Fayez Sarofim & has 0.04% invested in Bank of America Corporation (NYSE:BAC). Meiji Yasuda Asset Co holds 0.66% or 264,468 shares in its portfolio. Silvercrest Asset Mgmt Gru Limited Liability Com owns 0.08% invested in Bank of America Corporation (NYSE:BAC) for 305,114 shares. Lenox Wealth holds 3,841 shares or 0.04% of its portfolio. Ccm Investment Advisers Lc holds 0.04% or 9,458 shares. Earnest Limited Liability Corporation, a Georgia-based fund reported 283,308 shares. Atlanta Capital Grp reported 112,874 shares or 0.45% of all its holdings. Centurylink Inv Management Commerce owns 72,084 shares for 0.59% of their portfolio. Victory Cap Mgmt owns 799,419 shares. National Mutual Insurance Federation Of Agricultural Cooperatives reported 104,500 shares. Caxton Assoc LP has invested 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC). Comerica Fincl Bank accumulated 2.65M shares. Schaller Invest Gru has invested 0.12% of its portfolio in Bank of America Corporation (NYSE:BAC). Adage Cap Prtn Grp Incorporated Lc owns 15.25 million shares.

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 97 analyst reports since July 21, 2015 according to SRatingsIntel. KBW upgraded the shares of BAC in report on Tuesday, September 1 to “Buy” rating. On Friday, August 25 the stock rating was maintained by Robert W. Baird with “Hold”. As per Friday, September 29, the company rating was maintained by Robert W. Baird. The stock of Bank of America Corporation (NYSE:BAC) earned “Market Perform” rating by Wood on Monday, May 16. Jefferies maintained it with “Buy” rating and $21 target in Tuesday, July 21 report. The firm has “Overweight” rating given on Thursday, April 7 by JP Morgan. The stock has “Hold” rating by Deutsche Bank on Tuesday, November 8. As per Tuesday, January 26, the company rating was maintained by Deutsche Bank. Robert W. Baird upgraded the shares of BAC in report on Tuesday, August 25 to “Neutral” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, August 12 by Deutsche Bank.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 12. They expect $0.47 EPS, up 17.50% or $0.07 from last year’s $0.4 per share. BAC’s profit will be $4.90 billion for 15.68 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Since August 10, 2017, it had 0 buys, and 1 insider sale for $2.10 million activity.

Capstone Investment Advisors Llc, which manages about $16.83 billion and $3.68 billion US Long portfolio, upped its stake in Vector Group Ltd by 5.34 million shares to 14.84M shares, valued at $21.78 million in 2017Q2, according to the filing. It also increased its holding in Coherent Inc (NASDAQ:COHR) by 1,984 shares in the quarter, for a total of 15,512 shares, and has risen its stake in Citizens Finl Group Inc (NYSE:CFG).

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