Diversified Enterprises LLC boosted its stake in shares of Bank of America Corporation (NYSE:BAC) by 41.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 39,685 shares of the financial services provider’s stock after purchasing an additional 11,687 shares during the quarter. Diversified Enterprises LLC’s holdings in Bank of America were worth $2,183,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of BAC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Bank of America by 640.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after buying an additional 40,235,201 shares during the period. Capital World Investors raised its holdings in Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after buying an additional 14,275,810 shares during the period. Danske Bank A S acquired a new stake in Bank of America during the 3rd quarter worth about $224,863,000. Capitolis Liquid Global Markets LLC raised its holdings in Bank of America by 52.0% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider’s stock worth $644,681,000 after buying an additional 4,273,472 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in Bank of America during the 3rd quarter worth about $218,030,000. Institutional investors and hedge funds own 70.71% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on the company. Barclays boosted their price objective on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. The Goldman Sachs Group upped their target price on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley dropped their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Daiwa Securities Group dropped their target price on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.90.
More Bank of America News
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: Board declared a quarterly cash dividend of $0.28/share, payable June 26 — a direct return of capital that supports investor income and signals capital confidence. Bank of America Declares Second Quarter 2026 Stock Dividends
- Positive Sentiment: Underlying Q1 results remain a tailwind: the bank reported a better-than-expected quarter (strength in NII, fee businesses and controlled expenses), which continues to support earnings expectations and analyst optimism. 5 Insightful Analyst Questions From Bank of America’s Q1 Earnings Call
- Positive Sentiment: Independent analyst support: Jefferies reiterated a Buy and raised its price target after Q1, reflecting confidence in BAC’s earnings momentum and capital returns strategy. Analyst upgrades help underpin demand for the stock. This Is Why Jefferies Believes Bank of America Corporation (BAC) Is a Buy
- Positive Sentiment: Industry tailwind: major U.S. banks are returning record capital via buybacks and dividends in Q1—a supportive backdrop for BAC’s valuation and shareholder returns narrative. America’s 8 Biggest Banks Are Returning Record Capital To Shareholders
- Positive Sentiment: Anchoring investor confidence: BAC remains a long-term holding in Warren Buffett’s portfolio, a signal that can reassure long‑term investors about franchise strength. Bank of America (BAC) Remains in Warren Buffett’s Portfolio Since 2011; See Why
- Neutral Sentiment: Corporate social responsibility/brand: BofA awarded 18 international art‑conservation grants, a reputational positive but unlikely to move near‑term stock direction materially. Historic Artworks Receive Funding through BofA’s Art Conservation Project™
- Neutral Sentiment: Regulatory/portfolio note: Bank of America reported a transparency notification related to Umicore holdings (3% threshold crossing) — an institutional position disclosure with limited direct impact on BAC’s operating outlook. Umicore – Transparency notification by Bank of America Corporation
- Negative Sentiment: Broader market headwinds: Bank of America research flagged continued outflows from U.S. equities into international markets — sector rotation and risk‑off flows can pressure BAC even with solid fundamentals. Are investors turning bearish on US stocks? BofA flags outflows
- Negative Sentiment: Near-term technical/flow pressure: after the post‑earnings rally, some profit‑taking and below‑average intraday volume have coincided with the pullback — this explains today’s weaker tape despite the company-level positives.
Insider Activity at Bank of America
In related news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was 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 of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 227,832 shares of company stock valued at $11,094,960. 0.27% of the stock is owned by corporate insiders.
Bank of America Price Performance
Shares of BAC opened at $52.50 on Friday. The company has a market capitalization of $375.18 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.90 and a beta of 1.23. Bank of America Corporation has a fifty-two week low of $38.60 and a fifty-two week high of $57.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50-day moving average is $50.34 and its 200-day moving average is $52.32.
Bank of America (NYSE:BAC – Get Free Report) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The company had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Equities research analysts expect that Bank of America Corporation will post 4.44 EPS for the current fiscal year.
Bank of America Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is presently 27.72%.
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.
See Also
Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).
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