Bank of America Corp (BAC): Are Hedge Funds Right About This Stock?

Bank of America Corp (NYSE:BAC) shareholders likely pay attention to earnings reports, analyst recommendations, and macroeconomic projections when forming their investment theses, but a couple indicators that should also be watched are: hedge fund sentiment and insider trading activity. At Insider Monkey, our research has shown that both strategies have market-beating potential, and our best tactics can be put to use in your portfolio today (see how here).

Keeping this in mind, let’s take a walk through some of the latest moves made by the smart money and corporate insiders at Bank of America Corp (NYSE:BAC).

Bank of America Corp (NYSE:BAC)

Hedge fund activity in Bank of America Corp (NYSE:BAC)

At the end of the fourth quarter, a total of 93 of the hedge funds we track held long positions in this stock, a change of Change 1% from the previous quarter. With hedge funds’ sentiment swirling, some notable hedge fund managers were upping their stakes considerably.

Arrowstreet Capital increased his stake by a total of 3703%, the largest of the funds we track. Gardner Russo & Gardner and Alphabet Management were also increasing their holdings, while Anchorage Advisors and Citadel Investment Group established new positions in the stock.

All in all, Fairholme (Fairx) held the largest position, ahead of peers Platinum Asset Management, Adage Capital Management, and Lansdowne Partners.

Insider trading activity in Bank of America Corp (NYSE:BAC)

Since the start of 2013, Bank of America Corp. has seen 1 insider purchase and 0 insider sales.

The latest insider purchase we have on record was a buy of 20,000 shares at an average price of $11.53 a piece. David R Yost made this transaction, and now holds 44,153 shares after the move.

With the results demonstrated by our time-tested strategies, retail investors should always pay attention to hedge fund and insider trading activity, and Bank of America Corp (NYSE:BAC) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!