ABN Amro Investment Solutions Buys 246,050 Shares of Bank of America Corporation $BAC

ABN Amro Investment Solutions increased its stake in shares of Bank of America Corporation (NYSE:BAC) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,681,999 shares of the financial services provider’s stock after purchasing an additional 246,050 shares during the period. Bank of America makes up 1.4% of ABN Amro Investment Solutions’ holdings, making the stock its 9th largest position. ABN Amro Investment Solutions’ holdings in Bank of America were worth $92,510,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Legacy Bridge LLC increased its holdings in shares of Bank of America by 182.3% during the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 330 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Bank of America during the 3rd quarter valued at about $27,000. Collier Financial acquired a new position in shares of Bank of America during the 3rd quarter valued at about $30,000. Joseph Group Capital Management acquired a new position in shares of Bank of America during the 4th quarter valued at about $32,000. Finally, HFM Investment Advisors LLC increased its holdings in shares of Bank of America by 566.0% during the 4th quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 532 shares during the last quarter. Institutional investors and hedge funds 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 of America reiterated a bullish stance on several large-cap tech names, including Alphabet, ServiceNow and Snowflake, which reinforces BAC’s influence as a major Wall Street research house and can highlight the firm’s advisory and market-moving franchise. BofA Doubles Down on Alphabet at $430 Price Target After I/O 2026 AI Showcase
• Positive Sentiment: BAC disclosed significant indirect exposure to Bitcoin, XRP, Ether and Solana through ETFs and related holdings, underscoring the bank’s growing connection to digital-asset markets and potentially boosting investor interest in its market exposure. Bank of America discloses exposure to Bitcoin, XRP, Ether, Solana
• Positive Sentiment: A Bank of America study showing fewer Gen Z consumers relying on family financial assistance may support a constructive view of long-term deposit growth, card usage, and broader retail banking relationships. BofA Study Finds Fewer Gen Z Rely on Family for Financial Assistance, Even With 42% Living Paycheck to Paycheck

Bank of America Price Performance

Shares of NYSE:BAC opened at $51.26 on Thursday. Bank of America Corporation has a 1-year low of $42.35 and a 1-year high of $57.55. The firm has a market capitalization of $363.75 billion, a PE ratio of 12.69, a PEG ratio of 0.86 and a beta of 1.21. The business’s 50 day moving average is $50.53 and its 200-day moving average is $52.40. 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 announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter last year, the firm earned $0.90 EPS. Bank of America’s revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Bank of America Corporation will post 4.46 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is presently 27.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BAC. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Friday, April 24th. Daiwa Securities Group lifted their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Oppenheimer lifted their price target on Bank of America from $58.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. dropped their price target on Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Twenty-two equities 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Insider Transactions at Bank of America

In other news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares in the company, 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. Insiders sold a total of 354,588 shares of company stock worth $17,814,296 over the last quarter. 0.27% of the stock is owned by company insiders.

Bank of America Company 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.