Bruni J V & Company Decreased Stake in Taiwan Semiconductor Mfg LTD (TSM) by $2.52 Million as Share Price Rose; Bank Amer (BAC) Holder Gvo Asset Management LTD Has Cut Its Position by $4.08 Million

April 20, 2018 - By Lawrence Diaz

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Gvo Asset Management Ltd decreased its stake in Bank Amer Corp (BAC) by 10.36% based on its latest 2017Q4 regulatory filing with the SEC. Gvo Asset Management Ltd sold 140,629 shares as the company’s stock declined 1.20% with the market. The institutional investor held 1.22 million shares of the major banks company at the end of 2017Q4, valued at $35.93M, down from 1.36 million at the end of the previous reported quarter. Gvo Asset Management Ltd who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $309.23 billion market cap company. The stock increased 0.22% or $0.065 during the last trading session, reaching $30.245. About 43.09M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 20, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Bruni J V & Company decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 7.08% based on its latest 2017Q4 regulatory filing with the SEC. Bruni J V & Company sold 64,661 shares as the company’s stock rose 9.24% while stock markets declined. The institutional investor held 848,961 shares of the semiconductors company at the end of 2017Q4, valued at $33.66M, down from 913,622 at the end of the previous reported quarter. Bruni J V & Company who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be less bullish one the $198.26B market cap company. The stock decreased 1.61% or $0.635 during the last trading session, reaching $38.895. About 11.21M shares traded or 48.40% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 30.51% since April 20, 2017 and is uptrending. It has outperformed by 18.96% the S&P500.

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Taiwan Semiconductor Manufacturing had 16 analyst reports since August 24, 2015 according to SRatingsIntel. Susquehanna maintained Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Thursday, January 18 with “Hold” rating. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Equal-Weight” rating given on Monday, November 27 by Morgan Stanley. Pacific Crest upgraded the shares of TSM in report on Friday, October 14 to “Sector Weight” rating. Credit Suisse upgraded the stock to “Outperform” rating in Friday, December 11 report. The firm has “Buy” rating given on Tuesday, January 16 by HSBC. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Hold” rating given on Wednesday, June 21 by HSBC. The firm earned “Neutral” rating on Tuesday, June 28 by Goldman Sachs. The firm has “Buy” rating by Goldman Sachs given on Monday, January 22. The company was upgraded on Tuesday, October 4 by Susquehanna. J.P. Morgan upgraded the stock to “Buy” rating in Tuesday, October 10 report.

Bruni J V & Company, which manages about $542.07 million and $592.37 million US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 3,828 shares to 298,104 shares, valued at $42.53 million in 2017Q4, according to the filing. It also increased its holding in Discover Finl Svcs (NYSE:DFS) by 5,887 shares in the quarter, for a total of 429,085 shares, and has risen its stake in Hanesbrands Inc (NYSE:HBI).

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 112 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Societe Generale to “Hold” on Tuesday, January 9. The firm has “Hold” rating given on Tuesday, July 18 by BMO Capital Markets. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, November 29 to “Outperform”. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Tuesday, December 12 with “Buy” rating. KBW upgraded Bank of America Corporation (NYSE:BAC) on Tuesday, September 1 to “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Wells Fargo on Thursday, September 10. The stock has “Market Perform” rating by BMO Capital Markets on Monday, October 16. Atlantic Securities upgraded the shares of BAC in report on Wednesday, December 21 to “Overweight” rating. The firm earned “Buy” rating on Tuesday, September 1 by Bernstein. The firm has “Buy” rating given on Friday, October 13 by RBC Capital Markets.

Investors sentiment increased to 1.19 in Q4 2017. 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. Aspen Inv Incorporated holds 29,743 shares or 0.62% of its portfolio. Pl Cap Advisors Ltd Limited Liability Company invested in 41,500 shares. Marathon Trading Management Limited owns 40,200 shares for 0.03% of their portfolio. Ascend Capital Ltd Liability Co stated it has 117,688 shares or 0.13% of all its holdings. Bainco holds 262,864 shares. Nippon Life Global Invsts Americas Incorporated holds 1.23M shares. Rathbone Brothers Plc holds 0.23% of its portfolio in Bank of America Corporation (NYSE:BAC) for 187,978 shares. Sawgrass Asset Ltd Company reported 32,734 shares. Cadinha & Limited Co invested in 61,808 shares or 0.25% of the stock. Peoples Fincl Svcs owns 9,125 shares for 0.15% of their portfolio. Vantage Investment Advsrs Limited invested 1.04% of its portfolio in Bank of America Corporation (NYSE:BAC). Stone Ridge Asset Management Ltd Liability accumulated 252,944 shares or 0.49% of the stock. 45,033 are owned by Efg Asset Mngmt (Americas). Prns Cap Mgmt Ltd Com holds 0.06% or 11,600 shares. Perkins Coie Com has 2,724 shares for 0.04% of their portfolio.

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