As Bank Of America (BAC) Valuation Declined, First Dallas Securities Has Raised Stake by $848,279; Mplx LP (MPLX) Holding Maintained by Alps Advisors Inc

May 25, 2018 - By Dolores Ford

Bank of America Corporation (NYSE:BAC) Logo

Alps Advisors Inc increased its stake in Mplx Lp (MPLX) by 2.38% based on its latest 2017Q4 regulatory filing with the SEC. Alps Advisors Inc bought 558,887 shares as the company’s stock declined 8.11% with the market. The institutional investor held 23.99M shares of the natural gas distribution company at the end of 2017Q4, valued at $851.09M, up from 23.44 million at the end of the previous reported quarter. Alps Advisors Inc who had been investing in Mplx Lp for a number of months, seems to be bullish on the $28.23B market cap company. The stock decreased 0.56% or $0.2 during the last trading session, reaching $35.55. About 1.65M shares traded. MPLX LP (NYSE:MPLX) has declined 6.29% since May 25, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

First Dallas Securities Inc increased its stake in Bank Of America Corp (BAC) by 31.46% based on its latest 2017Q4 regulatory filing with the SEC. First Dallas Securities Inc bought 29,251 shares as the company’s stock declined 1.20% with the market. The institutional investor held 122,227 shares of the major banks company at the end of 2017Q4, valued at $3.61 million, up from 92,976 at the end of the previous reported quarter. First Dallas Securities Inc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $305.80 billion market cap company. The stock decreased 0.17% or $0.05 during the last trading session, reaching $30.16. About 44.05 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 25, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It increased, 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. Adage Capital Prtn Grp Limited Liability Co reported 17.70 million shares or 1.18% of all its holdings. Bourgeon Management Limited Co has 142,110 shares. Moreover, Rothschild Inv Il has 1.06% invested in Bank of America Corporation (NYSE:BAC) for 329,207 shares. Allstate reported 8,800 shares or 0.01% of all its holdings. Amer Interest Gru Inc owns 3.29 million shares. Price Michael F holds 20,000 shares or 0.07% of its portfolio. Atalanta Sosnoff Cap Limited Liability Corp holds 4.11% of its portfolio in Bank of America Corporation (NYSE:BAC) for 4.29M shares. Janney Capital Lc invested 0.03% in Bank of America Corporation (NYSE:BAC). Amg Tru National Bank & Trust holds 0.43% or 223,479 shares. Asset Corp holds 0.03% or 6,602 shares. Utd Asset Strategies Incorporated accumulated 24,864 shares. Birch Hill Advsrs Limited Liability Corp invested in 1.06 million shares. Clark Capital Mngmt Group stated it has 793,294 shares. Td Asset Management Inc reported 0.69% stake. The United Kingdom-based Aviva Public Limited Com has invested 1.12% in Bank of America Corporation (NYSE:BAC).

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Bizjournals.com which released: “Bank of America rolls out AI assistant Erica to all mobile customers” on May 21, 2018, also Fool.com with their article: “Is Bank of America Corporation a Buy?” published on May 21, 2018, Investorplace.com published: “Wells Fargo & Co Stock Is a Rough Diamond –Go Long” on May 25, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: 247Wallst.com and their article: “Major Banks See Rising Tide of Short Interest” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Some Merrill Lynch brokers may face clawback in new comp plan: WSJ” with publication date: May 24, 2018.

First Dallas Securities Inc, which manages about $186.05 million and $157.27 million US Long portfolio, decreased its stake in General Electric Company (NYSE:GE) by 31,962 shares to 40,058 shares, valued at $699,000 in 2017Q4, according to the filing. It also reduced its holding in Tex Pac Land Tr Sub Sh (NYSE:TPL) by 927 shares in the quarter, leaving it with 31,528 shares, and cut its stake in Boeing Co (NYSE:BA).

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. Jefferies maintained the stock with “Buy” rating in Tuesday, June 6 report. Renaissance Macro Securities LLC maintained the shares of BAC in report on Sunday, July 23 with “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Wednesday, December 21 by Atlantic Securities. The company was maintained on Tuesday, June 6 by Keefe Bruyette & Woods. The rating was maintained by Raymond James with “Buy” on Tuesday, December 5. UBS maintained the shares of BAC in report on Monday, October 16 with “Neutral” rating. The company was maintained on Tuesday, January 2 by Robert W. Baird. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Thursday, April 7 by JP Morgan. The firm earned “Buy” rating on Monday, April 16 by Jefferies. The stock has “Outperform” rating by Wells Fargo on Thursday, September 10.

Alps Advisors Inc, which manages about $13.32 billion and $14.44 billion US Long portfolio, decreased its stake in B2gold Corp (NYSEMKT:BTG) by 296,369 shares to 1.92M shares, valued at $5.95M in 2017Q4, according to the filing. It also reduced its holding in Ishares Core S&P Mid (IJH) by 2,512 shares in the quarter, leaving it with 274,786 shares, and cut its stake in Ishares Tips Bond Etf (TIP).

Since December 11, 2017, it had 0 insider buys, and 1 insider sale for $74,000 activity.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.22, from 1.04 in 2017Q3. It turned negative, as 32 investors sold MPLX shares while 89 reduced holdings. 26 funds opened positions while 73 raised stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. Walleye Trading Ltd Co holds 0.02% of its portfolio in MPLX LP (NYSE:MPLX) for 90,196 shares. Somerset Group Ltd Liability stated it has 11,744 shares or 0.35% of all its holdings. Heritage Wealth Advisors holds 0.71% or 46,781 shares. Neuberger Berman Gru Limited Liability Company invested in 1.86M shares or 0.08% of the stock. Texas Yale Capital Corp has invested 0.55% in MPLX LP (NYSE:MPLX). Glenmede Trust Na has invested 0% in MPLX LP (NYSE:MPLX). Fmr reported 185,200 shares stake. Driehaus Mgmt Ltd Llc owns 164,909 shares or 0.22% of their US portfolio. 14,200 are owned by Monetary Gp Inc. Citigroup invested in 560,335 shares or 0.02% of the stock. Cbre Clarion Secs Limited reported 0.07% stake. 2.76 million are held by Chickasaw Cap Mngmt Ltd Liability Com. Fiduciary Service Of The Southwest Tx reported 0.21% of its portfolio in MPLX LP (NYSE:MPLX). Conning owns 161,999 shares. Tortoise Capital Advsr Ltd Com has invested 5.64% in MPLX LP (NYSE:MPLX).

MPLX LP (NYSE:MPLX) Institutional Positions Chart

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