Richard Bernstein Advisors Continues to Hold Stake in International Business Machs (IBM …

… 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 29/05/2018 – IBM Presenting at Bank of America …

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Richard Bernstein Advisors Llc increased its stake in International Business Machs (IBM) by 21.16% based on its latest 2018Q3 regulatory filing with the SEC. Richard Bernstein Advisors Llc bought 10,467 shares as the company’s stock declined 16.83% with the market. The institutional investor held 59,939 shares of the computer manufacturing company at the end of 2018Q3, valued at $9.06M, up from 49,472 at the end of the previous reported quarter. Richard Bernstein Advisors Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $110.38B market cap company. The stock decreased 0.27% or $0.33 during the last trading session, reaching $121.46. About 3.72 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since January 12, 2018 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 21/04/2018 – DJ International Business Machines Cor, Inst Holders, 1Q 2018 (IBM); 22/05/2018 – WhiteSource Launches Next-generation Software Composition Analysis Technology for Prioritizing Open Source Security Alerts; 17/04/2018 – IBM 1Q Rev $19.07B; 16/05/2018 – France’s Macron to meet CEOs of Facebook, Intel, IBM on May 23; 15/05/2018 – IBM joins forces with a start-up to combine crypto with environmental credit trading; 24/04/2018 – IBM Board Approves Increase In Quarterly Cash Dividend For The 23rd Consecutive Year; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 29/05/2018 – IBM Presenting at Bank of America Conference Jun 5; 26/03/2018 – The CEOs of Apple and IBM think Facebook should see greater regulation in the wake of a data breach; 17/04/2018 – $IBM extends drop after-hours, down now more than 4%

Quadrant Capital Management Llc increased its stake in Bankamerica Corp (BAC) by 26.29% based on its latest 2018Q3 regulatory filing with the SEC. Quadrant Capital Management Llc bought 11,152 shares as the company’s stock declined 19.66% with the market. The institutional investor held 53,572 shares of the major banks company at the end of 2018Q3, valued at $1.58M, up from 42,420 at the end of the previous reported quarter. Quadrant Capital Management Llc who had been investing in Bankamerica Corp for a number of months, seems to be bullish on the $255.46 billion market cap company. The stock increased 1.17% or $0.3 during the last trading session, reaching $26.03. About 63.48M shares traded. Bank of America Corporation (NYSE:BAC) has declined 13.97% since January 12, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 10/05/2018 – Bank of America raised the average forecast for Brent crude to $70 per barrel this year and $75 next year; 17/05/2018 – BANK OF AMERICA CORP – ANNOUNCED ISSUANCE OF ITS FOURTH AND LARGEST GREEN BOND FOR $2.25 BILLION IN AGGREGATE PRINCIPAL AMOUNT; 10/05/2018 – Alcoa Presenting at Bank of America Conference May 15; 09/05/2018 – Tactile Systems Technology at Bank of America Conference May 17; 05/04/2018 – Canadian M&A deals seen rebounding after sluggish first quarter; 16/04/2018 – Investment News: Merrill Lynch’s incentives for new accounts paying off; 09/05/2018 – Exelixis Presenting at Bank of America Conference May 15; 30/05/2018 – R21 Holdings: Bank of Amer Merrill Lynch Increased Line of Credit to $145 Million; 25/04/2018 – M037: Merrill Lynch Intnl: Annual Financial Report; 14/05/2018 – Intrexon to Participate in the Bank of America Merrill Lynch 2018 Healthcare Conference

Richard Bernstein Advisors Llc, which manages about $1.18 billion and $3.48B US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 34,868 shares to 372,623 shares, valued at $10.98 million in 2018Q3, according to the filing. It also reduced its holding in Ishares Inc (IEMG) by 1.52 million shares in the quarter, leaving it with 2.67M shares, and cut its stake in Sina Corp (NASDAQ:SINA).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: On Sale – Seeking Alpha” on October 01, 2018, also Seekingalpha.com with their article: “I’ve Finally Thrown In The Towel On IBM – Seeking Alpha” published on October 19, 2018, Fool.com published: “Forget IBM, Microsoft Is a Better “Mature” Tech Stock – Motley Fool” on December 15, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Investorideas.com and their article: “Newswire – The #AIEye: Medtronic (NYSE: $MDT) and IBM Watson (NYSE: $IBM) Announce New Feature for Predicting Low Glucose, @IBMWatson – InvestorIdeas.com” published on January 03, 2019 as well as Seekingalpha.com‘s news article titled: “International Business Machines declares $1.57 dividend – Seeking Alpha” with publication date: October 30, 2018.

Since August 3, 2018, it had 5 insider purchases, and 1 sale for $426,695 activity. On Thursday, November 1 WADDELL FREDERICK H bought $249,722 worth of International Business Machines Corporation (NYSE:IBM) or 2,153 shares. TAUREL SIDNEY bought 4,311 shares worth $495,846. Rometty Virginia M also bought $998,835 worth of International Business Machines Corporation (NYSE:IBM) shares. Shares for $1.67M were sold by Gherson Diane J on Friday, August 3. OWENS JAMES W bought 1,000 shares worth $114,673.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained it with “Hold” rating and $15900 target in Wednesday, July 19 report. The firm has “Buy” rating given on Thursday, July 19 by Stifel Nicolaus. As per Wednesday, August 30, the company rating was maintained by BMO Capital Markets. The rating was maintained by Jefferies on Wednesday, September 20 with “Sell”. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, October 18 report. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating on Thursday, July 19. Morgan Stanley has “Overweight” rating and $185 target. The stock of International Business Machines Corporation (NYSE:IBM) earned “Market Perform” rating by JMP Securities on Friday, November 20. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Thursday, January 18 by Wedbush. The firm has “Sell” rating by Societe Generale given on Friday, January 19. As per Friday, January 19, the company rating was maintained by Stifel Nicolaus.

Investors sentiment increased to 0.91 in Q3 2018. Its up 0.01, from 0.9 in 2018Q2. It improved, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Cambridge Trust has 0.15% invested in International Business Machines Corporation (NYSE:IBM) for 16,962 shares. Spc Financial holds 0.14% or 4,521 shares. Barrett Asset Limited Liability Corp holds 7,718 shares or 0.08% of its portfolio. Eqis Capital Management reported 0.27% stake. Norman Fields Gottscho Capital Limited Liability Company invested 0.59% in International Business Machines Corporation (NYSE:IBM). 16,352 were reported by Hap Trading Llc. Mirador Cap Ptnrs LP holds 0.22% or 2,991 shares in its portfolio. Fmr Ltd Llc owns 4.51 million shares or 0.08% of their US portfolio. Alphaone Svcs Limited Liability Corp has invested 0.13% in International Business Machines Corporation (NYSE:IBM). Colony Grp Incorporated Lc accumulated 9,895 shares or 0.07% of the stock. Allsquare Wealth Ltd Liability Corporation holds 4,313 shares. Financial Advisory holds 0.09% or 2,703 shares. Rhode Island-based Endurance Wealth Management has invested 0.14% in International Business Machines Corporation (NYSE:IBM). Hightower Advsrs Limited Company holds 325,557 shares or 0.35% of its portfolio. Clearbridge Lc holds 54,476 shares or 2.02% of its portfolio.

Investors sentiment decreased to 0.84 in Q3 2018. Its down 0.17, from 1.01 in 2018Q2. It dived, 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. Mount Vernon Assoc Md owns 3.73% invested in Bank of America Corporation (NYSE:BAC) for 85,904 shares. Smead Cap Management has 4.46% invested in Bank of America Corporation (NYSE:BAC) for 3.35M shares. Athena Cap Ltd Co invested 0.75% of its portfolio in Bank of America Corporation (NYSE:BAC). 18,825 were reported by Buffington Mohr Mcneal. Ameriprise Fin holds 0.46% or 42.25 million shares in its portfolio. First Tru Bancorp has 13.68% invested in Bank of America Corporation (NYSE:BAC) for 210,721 shares. Sonata, a Washington-based fund reported 7,144 shares. Community Bank Na holds 0.03% or 5,744 shares in its portfolio. Roundview Capital Ltd Com reported 209,546 shares or 1.52% of all its holdings. Hollow Brook Wealth Management Lc invested 4.67% of its portfolio in Bank of America Corporation (NYSE:BAC). Swedbank owns 6.37M shares. Arrowstreet Capital Ltd Partnership reported 1.71 million shares stake. The Massachusetts-based Howland Cap Mngmt Lc has invested 0.03% in Bank of America Corporation (NYSE:BAC). Stone Ridge Asset Mngmt Ltd Com reported 0.13% in Bank of America Corporation (NYSE:BAC). Wealth Architects Lc holds 27,943 shares.

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

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