Bank of America Corporation $BAC Shares Bought by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 31.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 126,755 shares of the financial services provider’s stock after purchasing an additional 30,282 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Bank of America were worth $6,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Capital Advisers LLC increased its holdings in Bank of America by 4.2% during the 3rd quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 188 shares in the last quarter. Shepherd Financial Partners LLC lifted its holdings in shares of Bank of America by 0.3% in the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock valued at $3,110,000 after purchasing an additional 189 shares in the last quarter. William B. Walkup & Associates Inc. grew its position in shares of Bank of America by 1.4% in the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 192 shares during the last quarter. Albion Financial Group UT increased its stake in shares of Bank of America by 1.6% during the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 205 shares in the last quarter. Finally, Motive Wealth Advisors increased its stake in shares of Bank of America by 3.6% during the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BAC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Daiwa Securities Group dropped their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Oppenheimer boosted their price target on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Argus upped their price objective on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. increased their price objective on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.30.

Bank of America Trading Down 2.3%

Shares of Bank of America stock opened at $48.68 on Monday. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The business’s fifty day moving average is $53.27 and its two-hundred day moving average is $52.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market cap of $349.36 billion, a PE ratio of 12.71, a P/E/G ratio of 1.19 and a beta of 1.28.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. Analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.3%. Bank of America’s payout ratio is 29.24%.

Bank of America News Summary

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

• Positive Sentiment: Dividend & income support — recent disclosures and commentary emphasize BAC’s steady dividend and yield profile, which can stabilize investor demand for the stock among income-focused holders. MarketBeat: BAC dividend and analyst context
• Positive Sentiment: Analyst buy-case reminders — some coverage continues to highlight BAC’s relatively low P/E and potential net interest margin tailwinds, which underpin a medium‑term constructive thesis for earnings and cash returns. Bank Of America: Slipping Back Into The ‘Buy’ Zone
• Neutral Sentiment: Business-as-usual capital‑markets activity — BofA Securities leading arrangements (e.g., SM Energy notes) underscores recurring fee revenue but is not large enough to move BAC’s share price materially by itself. Vinson & Elkins / SM Energy notes
• Neutral Sentiment: Analyst activity at BofA (on other names) and prior upgrade headlines are operational signals of the bank’s research strength but do not directly affect BAC’s fundamentals. BofA revamps Marvell rating
• Negative Sentiment: Insider selling — multiple disclosures show large insider sales (including a reported $2.49M sale and a separate $4.19M sale; Thomas Scrivener sold 50,000 shares at ~$49.82), which traders often view as a near‑term negative signal for sentiment and can prompt selling pressure. Insider Selling: $4,191,600 Insider Selling: $2,491,000
• Negative Sentiment: Strategist caution — BofA’s chief investment strategist warned the market is in a reset and that a durable rebound isn’t likely yet; that caution increases risk‑off trading and can pressure cyclical financials like BAC. BofA drops shock message
• Negative Sentiment: Macro & credit risk flags — coverage highlights systemic risks from leveraged loans / bank‑loan ETFs, BofA’s public stance on crypto legislation, and geopolitical oil shocks (Strait of Hormuz) that could drive volatility, trading losses or credit stress for banks. Bank Of America Risk Signals BofA names the real risk for U.S. economy

Insider Activity

In other news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the transaction, the insider owned 307,240 shares of the company’s stock, valued at $15,362,000. This represents a 21.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

About Bank of America

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.