Quantbot Technologies LP reduced its stake in Bank of America by 27.7% in the third quarter, now holding 172,820 shares valued at approximately $8.92 million. Despite this, other institutional investors increased their positions. Bank of America reported strong quarterly earnings, beating EPS estimates and growing revenue by 12.3%, and analysts maintain a “Moderate Buy” rating with a consensus target price of $60.30.
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Quantbot Technologies LP Has $8.92 Million Stock Position in Bank of America Corporation $BAC
Quantbot Technologies LP reduced its stake in Bank of America by 27.7% in the third quarter, now holding 172,820 shares valued at approximately $8.92 million. Despite this, other institutional investors increased their positions. Bank of America reported strong quarterly earnings, beating EPS estimates and growing revenue by 12.3%, and analysts maintain a “Moderate Buy” rating with a consensus target price of $60.30.