Bank of America Corporation $BAC Shares Sold by Silicon Valley Capital Partners

Silicon Valley Capital Partners trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 26.6% in the 1st quarter, Holdings Channel reports. The firm owned 212,293 shares of the financial services provider’s stock after selling 76,845 shares during the period. Bank of America accounts for approximately 1.0% of Silicon Valley Capital Partners’ portfolio, making the stock its 26th largest position. Silicon Valley Capital Partners’ holdings in Bank of America were worth $10,349,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Bank of America by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after purchasing an additional 23,351,183 shares during the last quarter. Norges Bank acquired a new stake in shares of Bank of America in the fourth quarter valued at about $4,774,210,000. Bank of New York Mellon Corp lifted its stake in shares of Bank of America by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock worth $3,169,062,000 after buying an additional 2,929,779 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Bank of America by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock worth $2,958,110,000 after purchasing an additional 1,105,833 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Bank of America by 5.9% during the fourth quarter. Deutsche Bank AG now owns 47,172,503 shares of the financial services provider’s stock worth $2,594,488,000 after buying an additional 2,611,776 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Up 1.1%

Shares of BAC opened at $61.76 on Friday. The firm has a market cap of $438.25 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. Bank of America Corporation has a 12-month low of $44.75 and a 12-month high of $62.99. The company’s 50-day moving average price is $57.29 and its 200 day moving average price is $53.49. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. Bank of America’s revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. On average, sell-side analysts forecast that Bank of America Corporation will post 4.67 earnings per share for the current year.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

Key Bank of America News

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

• Positive Sentiment: Bank of America plans to acquire U.K.-based cybersecurity consultancy MDSec Consulting, expanding its ability to defend against AI-driven cyberattacks and ransomware. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approval. Financial terms were not disclosed. Bank of America to acquire information security consultancy MDSec Consulting Limited
• Positive Sentiment: Merrill Lynch recruited a 14-person advisory team managing approximately $13 billion from Morgan Stanley’s Graystone Consulting. The move could strengthen Bank of America’s wealth-management franchise and add affluent retail and institutional relationships. Merrill Lynch Recruits $13 Billion Team From Morgan Stanley’s Graystone Consulting
• Positive Sentiment: JPMorgan raised its price target on BAC to $68 from $62.50 and assigned an Overweight rating, implying roughly 10% potential upside from the referenced price. The upgrade reinforces the view that Bank of America’s valuation remains attractive relative to its earnings outlook. JPMorgan raises Bank of America price target
• Positive Sentiment: Recent coverage highlights BAC’s second-quarter earnings and revenue beats, resilient consumer spending, a 14% dividend increase and valuation near 13 times forward earnings. These factors have helped financial stocks outperform as investors rotate away from pressured technology and AI shares. Bank of America Stock Could Stay Reasonable Despite Fresh AI Expansion News
• Neutral Sentiment: Loans backed by securities are increasingly popular among wealthy borrowers. This could support lending opportunities for Bank of America and Merrill, although the article does not identify BAC-specific business gains. How the Ultra-Rich Are Borrowing Millions Against Stock Instead of Selling
• Negative Sentiment: Analysts delivered a harsh assessment of the Federal Reserve’s decision to hold interest rates steady while inflation remains elevated. Uncertainty over the path of rates can pressure bank valuations, margins and investor sentiment. Wall Street Delivers Harsh Verdict on Warsh Fed
• Negative Sentiment: Bank stocks recently retreated from record levels ahead of the Fed meeting, showing that BAC’s strong rally remains vulnerable to interest-rate and macroeconomic developments. Bank Stocks Drop From Record Highs Ahead of Fed Meeting

Insider Activity at Bank of America

In related news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BAC shares. Daiwa Securities Group boosted their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Citigroup lifted their target price on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Robert W. Baird boosted their target price on shares of Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. The Goldman Sachs Group raised their price target on shares of Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.