Barrett Asset Management Raised Its Holding in Celgene Com (CELG) as Share Price Declined; As Bank Of America (BAC) Shares Declined, Kayne Anderson Rudnick Investment Management Trimmed by $676,725 Its Position

February 22, 2018 - By Richard Conner

Barrett Asset Management Llc increased its stake in Celgene Corp Com (CELG) by 2.81% based on its latest 2017Q3 regulatory filing with the SEC. Barrett Asset Management Llc bought 3,115 shares as the company’s stock declined 3.49% while stock markets rallied. The institutional investor held 113,866 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $16.60M, up from 110,751 at the end of the previous reported quarter. Barrett Asset Management Llc who had been investing in Celgene Corp Com for a number of months, seems to be bullish on the $71.52 billion market cap company. The stock increased 1.27% or $1.19 during the last trading session, reaching $95.08. About 1.56M shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since February 22, 2017 and is uptrending. It has outperformed by 0.30% the S&P500.

Kayne Anderson Rudnick Investment Management Llc decreased its stake in Bank Of America Corp (BAC) by 2.06% based on its latest 2017Q3 regulatory filing with the SEC. Kayne Anderson Rudnick Investment Management Llc sold 27,069 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 1.29M shares of the major banks company at the end of 2017Q3, valued at $32.64 million, down from 1.31M at the end of the previous reported quarter. Kayne Anderson Rudnick Investment Management Llc who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $328.99B market cap company. The stock increased 0.35% or $0.11 during the last trading session, reaching $31.98. About 16.52 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 22, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.17, from 1.34 in 2017Q2. It turned negative, as 44 investors sold CELG shares while 457 reduced holdings. 133 funds opened positions while 451 raised stakes. 603.99 million shares or 0.25% more from 602.51 million shares in 2017Q2 were reported. Burney invested in 0.19% or 22,487 shares. Burns J W New York reported 1.73% in Celgene Corporation (NASDAQ:CELG). 195,353 were accumulated by Gotham Asset Mgmt Ltd Limited Liability Company. Voloridge Mgmt Llc holds 380,872 shares or 1.24% of its portfolio. Oregon Pub Employees Retirement Fund holds 0.19% or 82,401 shares. Advisory Service Network Limited Liability Com invested 0.71% in Celgene Corporation (NASDAQ:CELG). Goelzer, Indiana-based fund reported 18,148 shares. Marathon holds 1.05% or 17,100 shares in its portfolio. California Public Employees Retirement holds 0.41% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 1.91M shares. Moreover, Comerica has 0.53% invested in Celgene Corporation (NASDAQ:CELG) for 26,139 shares. 77,227 were reported by Chilton Capital Limited. Farmers Merchants Invests has 22,927 shares for 0.26% of their portfolio. 63,622 were reported by Bradley Foster & Sargent Ct. Everence Mgmt owns 16,730 shares. Apg Asset Mgmt Nv has invested 0.07% in Celgene Corporation (NASDAQ:CELG).

Barrett Asset Management Llc, which manages about $1.48B and $1.37B US Long portfolio, decreased its stake in Johnson Ctls Intl Plc Shs by 17,875 shares to 196,349 shares, valued at $7.91 million in 2017Q3, according to the filing. It also reduced its holding in Johnson & Johnson Com (NYSE:JNJ) by 2,808 shares in the quarter, leaving it with 278,951 shares, and cut its stake in Anadarko Pete Corp Com (NYSE:APC).

Since September 5, 2017, it had 1 buy, and 4 insider sales for $4.31 million activity. Shares for $299,594 were bought by Alles Mark J. $248,498 worth of stock was sold by Curran Terrie on Monday, September 25. Shares for $1.29M were sold by CASEY MICHAEL D.

Among 33 analysts covering Celgene Corporation (NASDAQ:CELG), 19 have Buy rating, 2 Sell and 12 Hold. Therefore 58% are positive. Celgene Corporation had 132 analyst reports since July 21, 2015 according to SRatingsIntel. Leerink Swann maintained the shares of CELG in report on Wednesday, December 13 with “Buy” rating. The stock of Celgene Corporation (NASDAQ:CELG) has “Buy” rating given on Tuesday, September 12 by Cowen & Co. Citigroup downgraded the stock to “Hold” rating in Friday, October 20 report. As per Wednesday, November 9, the company rating was downgraded by Standpoint Research. Wells Fargo maintained the shares of CELG in report on Friday, December 4 with “Outperform” rating. The company was maintained on Tuesday, August 22 by Cantor Fitzgerald. The firm has “Mkt Outperform” rating given on Friday, July 24 by JMP Securities. Jefferies initiated the stock with “Buy” rating in Monday, July 10 report. The rating was maintained by BMO Capital Markets on Friday, October 27 with “Outperform”. The firm has “Neutral” rating by Cantor Fitzgerald given on Friday, October 27.

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 106 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, June 1 the stock rating was maintained by Credit Suisse with “Buy”. UBS upgraded the stock to “Neutral” rating in Wednesday, August 26 report. The firm has “Buy” rating by Deutsche Bank given on Tuesday, January 26. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, July 18. BMO Capital Markets has “Hold” rating and $2700 target. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 6. The firm has “Hold” rating by Deutsche Bank given on Tuesday, November 8. The firm has “Hold” rating by Macquarie Research given on Tuesday, September 1. The firm earned “Buy” rating on Friday, July 7 by Jefferies. The firm has “Buy” rating given on Wednesday, August 30 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, September 23 by CLSA.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on April, 17. They expect $0.59 earnings per share, up 43.90% or $0.18 from last year’s $0.41 per share. BAC’s profit will be $6.07 billion for 13.55 P/E if the $0.59 EPS becomes a reality. After $0.47 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53% EPS growth.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Institute For Wealth Mngmt Lc has invested 1.05% in Bank of America Corporation (NYSE:BAC). Wedge Capital Mgmt L LP Nc holds 1.95 million shares or 0.46% of its portfolio. Manikay Ptnrs Limited Liability holds 7.08% or 4.50M shares. Stelac Advisory Limited Liability Corporation accumulated 57,078 shares or 0.43% of the stock. Boltwood Cap Mngmt owns 0.18% invested in Bank of America Corporation (NYSE:BAC) for 11,152 shares. Korea, a Korea-based fund reported 77.59 million shares. 40,600 were accumulated by Monetary Management Incorporated. First City Capital Mngmt invested in 1.17% or 65,834 shares. Alphamark Advsrs Llc has 744 shares for 0.01% of their portfolio. Moreover, Advantus Capital has 0.65% invested in Bank of America Corporation (NYSE:BAC) for 989,318 shares. Marshall Wace Limited Liability Partnership reported 229,617 shares or 0.27% of all its holdings. Forbes J M And Llp owns 265,008 shares for 1.67% of their portfolio. Lincoln National holds 0.04% or 35,593 shares in its portfolio. Schaller Invest Grp invested in 9,908 shares. The Pennsylvania-based Pennsylvania Tru Com has invested 0.14% in Bank of America Corporation (NYSE:BAC).

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