Bank of America Corporation’s Preferred Stock Gets Upgraded by Phillip Securities
Recent Changes in Fund Ownership
Fintel reports that on October 18, 2024, Phillip Securities raised their rating for Bank of America Corporation – Preferred Stock (NYSE:BML.PRG) from Neutral to Accumulate.
Fund Sentiment Overview
Currently, there are 4 funds or institutions holding positions in Bank of America Corporation – Preferred Stock. This marks a decrease of one owner, or 20.00%, from the previous quarter. On average, funds have allocated 0.73% of their portfolios to BML.PRG, which is an increase of 22.04%. However, total shares held by institutions fell by 3.84% over the last three months, now totaling 298,000 shares.
Atlas Wealth currently owns 259,000 shares. Previously, this firm reported holding 270,000 shares, marking a 4.47% decrease. Their portfolio allocation to BML.PRG has decreased by 2.36% in the past quarter.
Meanwhile, Tower Bridge Advisors maintains their position with 25,000 shares, showing no change from the last quarter. Wesbanco Bank also remains steady with 13,000 shares, and Arlington Trust Co holds 1,000 shares without any recent upgrades or changes.
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This story originally appeared on Fintel.
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