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

LGT Fund Management Co Ltd. raised its position in shares of Bank of America Corporation (NYSE:BAC) by 31.4% in the third quarter, Holdings Channel.com reports. The fund owned 126,755 shares of the financial services provider’s stock after buying 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 quarter.

A number of other large investors also recently modified their holdings of the company. Steph & Co. grew its holdings in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the period. Collier Financial purchased a new position in Bank of America in the third quarter valued at approximately $30,000. Marquette Asset Management LLC acquired a new position in Bank of America during the third quarter valued at approximately $30,000. Mountain Hill Investment Partners Corp. acquired a new position in Bank of America during the third quarter valued at approximately $31,000. Finally, Wealth Preservation Advisors LLC grew its stake in Bank of America by 48.7% during the second quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider’s stock worth $32,000 after buying an additional 223 shares during the period. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BAC has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Argus upped their price target on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. CICC Research started coverage on Bank of America in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective on the stock. TD Cowen reduced their price objective on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Stock Performance

Shares of BAC stock opened at $48.68 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company’s fifty day moving average price is $53.27 and its two-hundred day moving average price is $52.55. The firm has a market capitalization of $349.36 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.19 and a beta of 1.28. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55.

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

Bank of America Announces Dividend

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

Insider Activity at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the 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 transaction, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares of the company’s stock, valued at $15,362,000. The trade was a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

Key Bank of America News

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

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.