Leonteq Securities AG Makes New $11 Million Investment in Bank of America Corporation $BAC

Posted by Jessica Moore on May 21st, 2026

Leonteq Securities AG bought a new position in shares of Bank of America Corporation (NYSE:BAC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 200,046 shares of the financial services provider’s stock, valued at approximately $11,003,000. Bank of America accounts for 0.3% of Leonteq Securities AG’s holdings, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BAC. Handelsbanken Fonder AB grew its holdings in Bank of America by 53.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock worth $254,625,000 after purchasing an additional 1,603,080 shares during the period. Meridian Wealth Management LLC grew its holdings in Bank of America by 54.6% in the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock worth $3,008,000 after purchasing an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. grew its holdings in Bank of America by 15.9% in the third quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock worth $32,482,000 after purchasing an additional 86,290 shares during the period. AdvisorShares Investments LLC acquired a new stake in Bank of America in the third quarter worth $482,000. Finally, Mufg Securities Americas Inc. grew its holdings in Bank of America by 26.6% in the third quarter. Mufg Securities Americas Inc. now owns 198,918 shares of the financial services provider’s stock worth $10,262,000 after purchasing an additional 41,809 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, the insider owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 354,588 shares of company stock valued at $17,814,296. Company insiders own 0.27% of the company’s stock.

Bank of America Stock Performance

Shares of BAC opened at $51.26 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $50.53 and a two-hundred day moving average price of $52.40. The firm has a market capitalization of $363.75 billion, a P/E ratio of 12.69, a P/E/G ratio of 0.86 and a beta of 1.21. Bank of America Corporation has a 52 week low of $42.35 and a 52 week high of $57.55.

Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. Equities analysts forecast that Bank of America Corporation will post 4.46 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America’s payout ratio is currently 27.72%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BAC shares. Evercore dropped their price target on Bank of America from $70.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Piper Sandler upped their price target on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Truist Financial upped their price target on Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Jefferies Financial Group upped their price target on Bank of America from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Read Our Latest Research Report on Bank of America

Trending Headlines about Bank of America

Here are the key news stories impacting Bank of America this week:

Positive Sentiment: Bank of America reiterated a bullish stance on several large-cap tech names, including Alphabet, ServiceNow and Snowflake, which reinforces BAC’s influence as a major Wall Street research house and can highlight the firm’s advisory and market-moving franchise. BofA Doubles Down on Alphabet at $430 Price Target After I/O 2026 AI Showcase
Positive Sentiment: BAC disclosed significant indirect exposure to Bitcoin, XRP, Ether and Solana through ETFs and related holdings, underscoring the bank’s growing connection to digital-asset markets and potentially boosting investor interest in its market exposure. Bank of America discloses exposure to Bitcoin, XRP, Ether, Solana
Positive Sentiment: A Bank of America study showing fewer Gen Z consumers relying on family financial assistance may support a constructive view of long-term deposit growth, card usage, and broader retail banking relationships. BofA Study Finds Fewer Gen Z Rely on Family for Financial Assistance, Even With 42% Living Paycheck to Paycheck

About Bank of America

(Free Report)

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.