Pensionfund Sabic Invests $1.46 Million in Bank of America Corporation $BAC

Pensionfund Sabic acquired a new position in shares of Bank of America Corporation (NYSE:BAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,600 shares of the financial services provider’s stock, valued at approximately $1,463,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wiser Advisor Group LLC bought a new position in Bank of America in the 3rd quarter worth approximately $27,000. Steph & Co. boosted its position in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the third quarter worth $30,000. Collier Financial bought a new position in Bank of America during the third quarter worth $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Bank of America during the third quarter worth $31,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BAC. The Goldman Sachs Group reduced their price target on shares of Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a report on Monday. Keefe, Bruyette & Woods dropped their price objective on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. HSBC upped their price objective on shares of Bank of America from $55.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, CICC Research assumed coverage on Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price target on the stock. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average target price of $59.87.

Bank of America News Roundup

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

• Positive Sentiment: Shares are rallying relative to the broader market after recent coverage noted BAC outperformed peers as markets fell, suggesting relative resilience and investor interest. Bank of America (BAC) Ascends While Market Falls
• Positive Sentiment: Dividend-focused coverage highlights BAC as an attractive high-yield, large-cap bank pick for income investors — supports demand from yield-seeking buyers. Bank of America (BAC) is a Top Dividend Stock Right Now
• Positive Sentiment: Brand/CSR news: Bank of America joined U.S. Soccer’s “Soccer at Schools” initiative — positive for reputation and community engagement, which can help retail/consumer relationships over time. U.S. Soccer, Soccer Forward Foundation and Bank of America Launch ‘Soccer at Schools’
• Neutral Sentiment: Analyst preview: Industry pieces note analysts expect low double-digit EPS growth for BAC in the upcoming quarter — this sets expectations investors will watch at the next earnings release. What to Expect From Bank of America’s Next Quarterly Earnings Report
• Neutral Sentiment: Regulatory/filing update: BAC filed its 2025 Form 10‑K with the UK National Storage Mechanism — routine disclosure that removes uncertainty around filings but is not a near-term earnings driver. Bank of America Files 2025 Form 10-K
• Negative Sentiment: Goldman Sachs trimmed its price target on BAC (from $67 to $57) and issued a more cautious outlook — analyst cuts/target reductions can weigh on sentiment and limit near-term upside. Benzinga: Price Target Change
• Negative Sentiment: Industry risk: Coverage in the WSJ highlights strains in private credit that are creating exposures and new risks for big banks — raises questions on credit quality and potential mark/loan-loss pressure. Big Banks Are Playing Both Sides of the Private Credit Meltdown

Insider Buying and Selling at Bank of America

In other news, insider James P. Demare sold 83,832 shares of the 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 completion of the transaction, the insider directly owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This trade represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by corporate insiders.

Bank of America Trading Up 1.2%

Shares of Bank of America stock opened at $48.10 on Wednesday. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The firm has a market capitalization of $345.19 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28. 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 $51.31 and its two-hundred day moving average price is $52.33.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. 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 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

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.