Bank of America Corporation $BAC Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its holdings in Bank of America Corporation (NYSE:BAC) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 221,769 shares of the financial services provider’s stock after buying an additional 19,817 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Bank of America were worth $12,197,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC lifted its stake in shares of Bank of America by 2.7% in the 4th quarter. Woodmont Investment Counsel LLC now owns 127,601 shares of the financial services provider’s stock valued at $7,018,000 after purchasing an additional 3,374 shares in the last quarter. Paladin Advisory Group LLC lifted its stake in shares of Bank of America by 9.4% in the 4th quarter. Paladin Advisory Group LLC now owns 7,762 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 666 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Bank of America in the 4th quarter valued at about $2,273,000. AK Global Asset Management LLC acquired a new position in shares of Bank of America in the 4th quarter valued at about $819,000. Finally, BIP Wealth LLC lifted its stake in shares of Bank of America by 45.8% in the 4th quarter. BIP Wealth LLC now owns 34,203 shares of the financial services provider’s stock valued at $1,881,000 after purchasing an additional 10,751 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Performance

Bank of America stock opened at $51.91 on Thursday. The stock’s 50 day moving average price is $50.61 and its 200 day moving average price is $52.19. The firm has a market capitalization of $370.90 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, sell-side analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.2%. Bank of America’s payout ratio is 29.24%.

Insider Buying and Selling

In other Bank of America news, 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 transaction 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America 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 sale, the insider owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.30% of the company’s stock.

Bank of America News Roundup

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

• Positive Sentiment: Regulatory draft could free capital — Analysts estimate U.S. banks might be able to release up to ~$320 billion under proposed draft rules, which would meaningfully boost capital available for buybacks/dividends and improve return metrics for big banks like BAC. US banks could release $320 billion…
• Positive Sentiment: Momentum: BAC has extended a multi-session winning streak, reflecting improving investor sentiment ahead of earnings and helping lift the stock. Bank of America extends winning streak…
• Positive Sentiment: Product traction: CashPro app usage rose ~20% and clients are authorizing large payment flows in real time — a sign of fee-generating commercial client engagement and digital product strength. CashPro App Usage Rises 20%…
• Positive Sentiment: Analyst upgrades / research credibility: HSBC recently upgraded BAC to Buy (PT $55) and other research activity highlights BofA’s role as a prominent sell‑side shop — supporting investor confidence. A Downgraded Target for Bank of America…
• Neutral Sentiment: Capital/debt action: BAC announced the redemption of $3.0B of 3.559% senior notes due April 2027 — straightforward liability management that modestly alters the debt schedule but is not a surprise. Bank of America Announces Redemption…
• Neutral Sentiment: Estimates and research: Erste Group nudged up FY2026/FY2027 EPS estimates for BAC — small upward revisions that support fundamentals heading into Q1 results (reporting April 15). Erste Group raises EPS estimates…
• Negative Sentiment: Mixed/trimmed price targets: Several banks (UBS, JPMorgan, Daiwa, Truist) have trimmed price targets recently (though many kept buy/overweight ratings), which can cap upside and increase short-term volatility. UBS adjusts price target on Bank of America…
• Negative Sentiment: Conflicting forecasts: Some outlets and firms issued pessimistic near‑term forecasts for BAC, adding noise to the tape and pressuring sentiment despite other supportive signals. Autonomous Res issues pessimistic forecast…

Analyst Upgrades and Downgrades

BAC has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Keefe, Bruyette & Woods reduced their price objective on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Finally, Daiwa Securities Group reduced their price objective on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday. Twenty-three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.10.

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.