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Bank of America Corporation $BAC Holdings Cut by Miller Howard Investments Inc. NY
Miller Howard Investments Inc. NY reduced its stake in Bank of America by 1.3% in Q4, selling 14,037 shares and leaving its holding at 1,048,024 shares valued at $57.64 million. Despite this, Bank of America reported strong Q1 earnings, beating estimates with EPS of $1.11 and revenue of $30.27 billion, leading to a “Moderate Buy” consensus rating among analysts and an average price target of $60.90. Insider transactions, however, show net selling of 227,832 shares worth approximately $11.09 million in the last quarter.