Bank of America Corporation $BAC Shares Sold by iSAM Funds UK Ltd

iSAM Funds UK Ltd trimmed its stake in shares of Bank of America Corporation (NYSE:BAC) by 82.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,600 shares of the financial services provider’s stock after selling 48,326 shares during the period. iSAM Funds UK Ltd’s holdings in Bank of America were worth $604,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. purchased a new position in shares of Bank of America in the second quarter worth approximately $25,000. Abound Financial LLC purchased a new stake in shares of Bank of America in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC acquired a new position in Bank of America in the 3rd quarter worth approximately $27,000. CrossGen Wealth LLC acquired a new position in Bank of America in the 4th quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC purchased a new position in Bank of America during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank stocks are attracting capital as investors anticipate rising rates, which could support lending revenue and net interest income. Concerns about AI valuations are also encouraging a shift toward established financial companies. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: BAC joined 20 other financial institutions in planning a company to issue a U.S. dollar stablecoin in the first half of 2027. The initiative could give Bank of America a role in blockchain-based payments, liquidity and digital-asset infrastructure, although revenue benefits remain several quarters away. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
• Positive Sentiment: Analysts and market commentary continue to highlight BAC’s valuation, with one estimate indicating approximately 31% potential upside based on intrinsic value. Institutional interest in dividend-paying financial stocks may provide additional support. Bank of America Stock May Be 31% Undervalued Despite Stablecoin Plans
• Neutral Sentiment: Bank of America says the search for yield is increasing demand for high-quality bonds and changing credit-risk management. The observation supports its fixed-income and investment-banking businesses but does not represent a specific earnings forecast. The hunt for yield is changing how investors trade credit
• Neutral Sentiment: Routine regulatory disclosures showed Merrill Lynch reducing indirect stakes in several Turkish companies. These transactions appear unrelated to BAC’s core operating outlook.
• Negative Sentiment: Berkshire Hathaway has reduced its Bank of America position for eight consecutive quarters, a source of potential selling pressure and a negative signal for investors who closely follow Berkshire’s portfolio decisions. Warren Buffett’s Successor Greg Abel Started His Tenure With a Bang

Bank of America Price Performance

Shares of NYSE:BAC opened at $62.63 on Thursday. The stock has a market capitalization of $437.93 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.99 and a beta of 1.15. The business has a 50-day moving average of $61.45 and a two-hundred day moving average of $55.08. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same period last year, the business earned $0.89 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts predict that Bank of America Corporation will post 4.68 EPS for the current fiscal year.

Bank of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.32 dividend. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s payout ratio is 25.69%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Evercore set a $63.00 price target on Bank of America and gave the company an “outperform” rating in a research report on Monday, July 6th. Barclays increased their price objective on Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and an average target price of $64.08.

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.