10 Most Popular Stocks Among Hedge Funds (Part 1)

#2 Bank of America Corp (NYSE:BAC)

Bank of America Corp (NYSE:BAC) is the second-most popular stock among the 676 hedge funds tracked by Insider Monkey which filed 13Fs for the first quarter, as 138 of them were long the second-largest bank in the country in terms of assets. Bank of America’s CEO recently warned investors of lower-than-expected second-quarter trading revenue. The stock lost steam amid no signs of the much-talked-about tax reform plan promised by President Trump. However, analysts think that Bank of America Corp (NYSE:BAC) is in the best position to leverage the upcoming rate hikes by the Federal Reserve. Of the 32 analysts tracking Bank of America, 23 have a ‘Buy’ rating on it, with an average price target of $26.17 per share, 11.3% above the stock’s current price. Natixis Global Asset Management’s Harris Associates own 94.07 million shares of Bank of America Corp (NYSE:BAC) as of March 31.

Most Popular Stocks Among Hedge Funds

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