Chemung Canal Trust Company Has Lifted Its Honeywell (HON) Position; Bank Amer (BAC) Stock Value Declined While Gabalex Capital Management Has Boosted Stake by $3.63 Million

Bank of America Corporation (NYSE:BAC) Logo

Gabalex Capital Management Llc increased its stake in Bank Amer Corp (BAC) by 45.45% based on its latest 2018Q3 regulatory filing with the SEC. Gabalex Capital Management Llc bought 125,000 shares as the company’s stock declined 19.66% with the market. The hedge fund held 400,000 shares of the major banks company at the end of 2018Q3, valued at $11.78 million, up from 275,000 at the end of the previous reported quarter. Gabalex Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $241.54 billion market cap company. The stock decreased 0.60% or $0.15 during the last trading session, reaching $24.61. About 71.08 million shares traded or 6.56% up from the average. Bank of America Corporation (NYSE:BAC) has declined 13.97% since December 11, 2017 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 10/05/2018 – Amazon, Google, Kount, Bank of America, GrubHub and PayPal Among Presenters at 2018 Mobile Payments Conference in Chicago; 20/03/2018 – Ghana to name four lead advisors for $2.5 bln Eurobond sale; 14/05/2018 – Bluebird Bio Presenting at Bank of America Conference Tomorrow; 16/04/2018 – Bank of America: Overall Credit Quality Remains Strong Across Consumer, Commercial Portfolios; 15/05/2018 – HAWAIIAN AIR CFO WEBCAST AT BANK OF AMERICA CONFERENCE ENDS; 30/05/2018 – BOFA CEO BRIAN MOYNIHAN COMMENTS AT NYC INVESTOR CONFERENCE; 14/05/2018 – Sage Therapeutics at Bank of America Conference Tomorrow; 30/05/2018 – BANK OF AMERICA CORP CEO BRIAN MOYNIHAN SPEAKS AT INVESTOR CONFERENCE; 17/04/2018 – SOUTH JERSEY INDUSTRIES INC SJI.N – COMPANY EXPECTS TO ENTER INTO A FORWARD SALE AGREEMENT WITH AN AFFILIATE OF BOFA MERRILL LYNCH; 27/04/2018 – S&PGR Afrms Bank Of America N.A. Srvcr Rnkngs, Outlooks Stable

Chemung Canal Trust Company increased its stake in Honeywell (HON) by 156.47% based on its latest 2018Q3 regulatory filing with the SEC. Chemung Canal Trust Company bought 16,902 shares as the company’s stock declined 11.81% with the market. The institutional investor held 27,704 shares of the o.e.m. company at the end of 2018Q3, valued at $4.61 million, up from 10,802 at the end of the previous reported quarter. Chemung Canal Trust Company who had been investing in Honeywell for a number of months, seems to be bullish on the $101.25B market cap company. The stock decreased 0.86% or $1.18 during the last trading session, reaching $136.77. About 2.24M shares traded. Honeywell International Inc. (NYSE:HON) has declined 6.00% since December 11, 2017 and is downtrending. It has underperformed by 6.00% the S&P500. Some Historical HON News: 16/05/2018 – Honeywell Hosts Safety And Productivity Solutions Investor Showcase; Highlights Innovative Technologies That Are Driving Organi; 20/04/2018 – HONEYWELL SAYS THE MORE SIGNIFICANT IMPACT ON THE COMPANY IS THE SECONDARY EFFECT FROM THE PRICE INFLATION ON NONIMPORTED STEEL AND ALUMINUM – CONF CALL; 21/05/2018 – Honeywell at Electrical Products Group Conference Tomorrow; 12/03/2018 – Honeywell, other US companies look to benefit from China’s gigantic ‘Belt and Road’ initiative; 13/03/2018 – Honeywell To Provide Cryogenic Gas Processing Plant To Cardinal Midstream lll, LLC; 10/04/2018 – HONEYWELL CITES POLICY OF NOT COMMENTING ON SPECULATION; 08/05/2018 – DEKRA issued the lECEx certificate to Honeywell for its first household appliance explosion-proof micro switch; 14/05/2018 – INDIA’S HONEYWELL AUTOMATION INDIA LTD HONE.NS – MARCH QTR PROFIT 583.7 MLN RUPEES VS 218.6 MLN RUPEES YR AGO; 04/05/2018 – HON NAMES RABILLER AS PRESIDENT, CEO OF TRANSPORTATION SYSTEMS; 20/04/2018 – HONEYWELL SAYS IT HAS PUT IN PLACE “AGGRESSIVE MITIGATION STRATEGIES” THAT LARGELY OFFSET ANY IMPACT TO CO – CONF CALL

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Banks sink after Waters warns that bank reg rollbacks will end – Seeking Alpha” on November 14, 2018, also Investorplace.com with their article: “Tuesday’s Vital Data: Apple, Ford and Bank of America – Investorplace.com” published on December 11, 2018, Fool.com published: “3 Top Bank Stocks to Buy in December – Motley Fool” on December 11, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “BofAML tops 2018 IPO league tables – Seeking Alpha” published on November 27, 2018 as well as Investorplace.com‘s news article titled: “5 Big Bank Stocks to Sell Now – Investorplace.com” with publication date: December 04, 2018.

Investors sentiment decreased to 0.84 in 2018 Q3. Its down 0.17, from 1.01 in 2018Q2. It fall, as 57 investors sold BAC shares while 649 reduced holdings. 123 funds opened positions while 473 raised stakes. 6.37 billion shares or 1.73% less from 6.48 billion shares in 2018Q2 were reported. Payden And Rygel holds 1.69% of its portfolio in Bank of America Corporation (NYSE:BAC) for 752,200 shares. Baystate Wealth Ltd Limited Liability Company has 0.07% invested in Bank of America Corporation (NYSE:BAC) for 14,311 shares. Horizon Kinetics Llc holds 0.04% or 51,508 shares. Horan Cap Mgmt, Maryland-based fund reported 14,007 shares. Intact Inv Mgmt holds 0.03% of its portfolio in Bank of America Corporation (NYSE:BAC) for 29,500 shares. Levin Cap Strategies LP invested in 2.46% or 4.86M shares. Delphi Mgmt Ma holds 1.01% or 53,510 shares in its portfolio. Gabalex Cap Management Limited Co has 400,000 shares for 3.23% of their portfolio. Gradient Investments Limited holds 0.46% or 307,218 shares. Reliance Tru Of Delaware owns 70,782 shares for 0.32% of their portfolio. Meridian Management reported 1.18% of its portfolio in Bank of America Corporation (NYSE:BAC). Parallax Volatility Advisers Lp has 0.12% invested in Bank of America Corporation (NYSE:BAC) for 3.27M shares. Azimuth Mngmt Ltd Company invested 0.58% of its portfolio in Bank of America Corporation (NYSE:BAC). Peoples Financial Ser holds 0.14% of its portfolio in Bank of America Corporation (NYSE:BAC) for 9,125 shares. Smith Chas P & Associates Pa Cpas reported 0.06% of its portfolio in Bank of America Corporation (NYSE:BAC).

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 116 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup on Tuesday, April 4 to “Neutral”. The company was maintained on Tuesday, January 26 by Deutsche Bank. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by KBW on Tuesday, September 1. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Friday, October 13. BMO Capital Markets has “Hold” rating and $29.0 target. On Wednesday, November 1 the stock rating was maintained by JP Morgan with “Overweight”. Oppenheimer maintained the shares of BAC in report on Tuesday, July 18 with “Buy” rating. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Tuesday, November 29. The firm earned “Market Perform” rating on Tuesday, October 16 by BMO Capital Markets. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. The company was upgraded on Tuesday, September 1 by Robert W. Baird.

Investors sentiment decreased to 1.06 in 2018 Q3. Its down 0.07, from 1.13 in 2018Q2. It is negative, as 46 investors sold HON shares while 489 reduced holdings. 123 funds opened positions while 442 raised stakes. 484.04 million shares or 5.69% less from 513.23 million shares in 2018Q2 were reported. Ny State Common Retirement Fund holds 0.39% or 1.96M shares in its portfolio. Argent Cap Management Ltd Liability has invested 0.03% in Honeywell International Inc. (NYSE:HON). Commerce Bancshares stated it has 0.7% of its portfolio in Honeywell International Inc. (NYSE:HON). First Western Capital holds 1,451 shares. Agf Invests America Incorporated invested 2.35% of its portfolio in Honeywell International Inc. (NYSE:HON). Pinebridge LP holds 314,015 shares or 0.99% of its portfolio. Woodley Farra Manion Port Management Inc stated it has 237,568 shares or 4.09% of all its holdings. Moreover, Patten Incorporated has 0.66% invested in Honeywell International Inc. (NYSE:HON) for 10,338 shares. Mogy Joel R Invest Counsel owns 6,700 shares for 0.15% of their portfolio. First Personal reported 0.24% in Honeywell International Inc. (NYSE:HON). Boston Private Wealth Ltd Liability Corporation has invested 0.8% of its portfolio in Honeywell International Inc. (NYSE:HON). Cim Lc invested 0.11% in Honeywell International Inc. (NYSE:HON). Pub Employees Retirement Sys Of Ohio has 510,526 shares. Marketfield Asset Ltd Company stated it has 32,611 shares. Vision Management has 38,617 shares for 1.74% of their portfolio.

Since July 27, 2018, it had 0 insider buys, and 4 insider sales for $8.19 million activity. $4.06 million worth of Honeywell International Inc. (NYSE:HON) shares were sold by Mikkilineni Krishna. DAVIS D SCOTT sold 3,963 shares worth $590,923. PARDO JAIME CHICO /FA had sold 13,400 shares worth $1.94 million on Wednesday, November 21.

Among 22 analysts covering Honeywell International Inc. (NYSE:HON), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. Honeywell International Inc. had 109 analyst reports since July 30, 2015 according to SRatingsIntel. As per Monday, April 25, the company rating was maintained by Credit Suisse. Stifel Nicolaus maintained Honeywell International Inc. (NYSE:HON) on Tuesday, April 3 with “Buy” rating. As per Monday, October 10, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Honeywell International Inc. (NYSE:HON) rating on Sunday, October 22. RBC Capital Markets has “Buy” rating and $156.0 target. Citigroup maintained Honeywell International Inc. (NYSE:HON) rating on Monday, July 23. Citigroup has “Buy” rating and $196 target. Stifel Nicolaus maintained Honeywell International Inc. (NYSE:HON) on Monday, April 23 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, December 14 report. The stock of Honeywell International Inc. (NYSE:HON) has “Outperform” rating given on Monday, October 19 by RBC Capital Markets. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 28. The rating was maintained by Jefferies with “Buy” on Monday, April 25.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.