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Analyst IMS Investment Management Services Ltd. Has $915,000 Stock Holdings in Bank of America Corporation $BAC
Analyst IMS Investment Management Services Ltd. reduced its stake in Bank of America (NYSE:BAC) by 39.1% in Q4, now holding 16,639 shares valued at $915,000. Insider selling also occurred, with executives disposing of 227,832 shares worth $11.09 million over the last 90 days. Despite mixed analyst sentiment and some negative news, the company is supporting shareholders with a $40 billion buyback and a $0.28 quarterly dividend.