Bank of America Corporation $BAC Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its position in shares of Bank of America Corporation (NYSE:BAC) by 12.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 231,326 shares of the financial services provider’s stock after selling 31,654 shares during the quarter. WINTON GROUP Ltd’s holdings in Bank of America were worth $12,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lifestyle Asset Management Inc. raised its stake in shares of Bank of America by 6.2% during the 4th quarter. Lifestyle Asset Management Inc. now owns 6,294 shares of the financial services provider’s stock worth $346,000 after buying an additional 368 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Bank of America by 5.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 49,241 shares of the financial services provider’s stock worth $2,708,000 after buying an additional 2,447 shares during the last quarter. SlateStone Wealth LLC raised its stake in shares of Bank of America by 2.1% during the 4th quarter. SlateStone Wealth LLC now owns 14,151 shares of the financial services provider’s stock worth $778,000 after buying an additional 286 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Bank of America by 42.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 22,942 shares of the financial services provider’s stock worth $1,262,000 after buying an additional 6,843 shares during the last quarter. Finally, Prudential PLC raised its stake in shares of Bank of America by 30.6% during the 4th quarter. Prudential PLC now owns 920,194 shares of the financial services provider’s stock worth $50,611,000 after buying an additional 215,838 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insider Transactions at Bank of America

In other news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, the insider owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America announced a new cross-border real-time payments solution that will let corporate and institutional clients send and receive funds instantly via SWIFT or CashPro, a potentially meaningful growth driver for its global payments franchise. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Merrill, Bank of America’s wealth management unit, earned strong recognition across three 2026 Barron’s lists, reinforcing the quality of its advisory business and brand strength in wealth management. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Positive Sentiment: Multiple articles highlighted bullish views on BAC, including references to broad analyst optimism and BAC being viewed as a low-cost stock with upside potential, which can help support investor confidence. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Neutral Sentiment: Bank of America and other major U.S. banks are moving ahead with a shared tokenized deposit network, a strategic industry initiative that is important long term but not an immediate earnings catalyst. Big Banks Launch Tokenized Deposit Network to Fight Off Stablecoin Threat
• Neutral Sentiment: Bank of America also disclosed a 2.84% voting interest in QIAGEN, but the filing appears to be a routine ownership update rather than a major strategic shift for BAC. Bank of America Reports 2.84% Voting Interest in QIAGEN
• Negative Sentiment: Jim Cramer commented that something “not that great” may be happening at Bank of America, a bearish soundbite that could weigh on sentiment even though it was not tied to a specific fundamental warning. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

Bank of America Trading Down 0.6%

Bank of America stock opened at $53.87 on Friday. The stock has a market cap of $382.27 billion, a PE ratio of 13.33, a P/E/G ratio of 0.92 and a beta of 1.18. The stock has a 50-day moving average price of $51.63 and a 200 day moving average price of $52.30. Bank of America Corporation has a 52 week low of $43.66 and a 52 week high of $57.55. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18.

Bank of America (NYSE:BAC) last posted 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. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter last year, the business posted $0.90 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Bank of America Corporation will post 4.45 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio is currently 27.72%.

Analysts Set New Price Targets

BAC has been the subject of several research reports. UBS Group lifted their price target on Bank of America from $62.00 to $63.00 in a research note on Wednesday, May 6th. Morgan Stanley dropped their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Friday, April 24th. Truist Financial lifted their price objective on Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Bank of America from $61.50 to $57.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Bank of America Profile

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.