Winning Points Advisors LLC Buys New Stake in Bank of America Corporation $BAC

Winning Points Advisors LLC bought a new stake in Bank of America Corporation (NYSE:BAC) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 172,033 shares of the financial services provider’s stock, valued at approximately $9,462,000. Bank of America makes up approximately 8.9% of Winning Points Advisors LLC’s portfolio, making the stock its 2nd largest position.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of 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 period. Capital World Investors lifted its stake in shares of Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares during the period. Norges Bank purchased a new position in shares of Bank of America during the 4th quarter worth $4,774,210,000. Bank of New York Mellon Corp lifted its stake in shares of Bank of America by 5.4% during the 4th 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 purchasing an additional 2,929,779 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Bank of America by 2.1% during 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 during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Insider Activity at Bank of America

In other news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 1,373,397 shares in the company, valued at $72,803,774.97. This represents a 8.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BAC shares. Royal Bank Of Canada reissued an “outperform” rating and set a $59.00 price target on shares of Bank of America in a research note on Thursday, April 16th. Evercore reduced their price target on Bank of America from $70.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Daiwa Securities Group increased their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Truist Financial increased their price target on Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Twenty-two 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, Bank of America currently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Bank of America Trading Up 1.1%

BAC stock opened at $55.17 on Friday. The company has a market cap of $391.48 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.92 and a beta of 1.18. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $52.16 and a 200-day simple moving average of $52.39. Bank of America Corporation has a 52 week low of $43.66 and a 52 week high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $30.27 billion during the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, equities research analysts expect that Bank of America Corporation will post 4.45 EPS for the current year.

Bank of America Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, June 5th. Bank of America’s dividend payout ratio is presently 27.72%.

More Bank of America News

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

• Positive Sentiment: Bank of America announced new client-focused product offerings, including real-time global payments, pay-over-time options, expanded rewards, and credit monitoring tools. These moves could support fee income, improve client retention, and deepen customer relationships over time. Bank of America Introduces New Ways to Reward Clients, Manage Payments and Track Credit
• Positive Sentiment: Several analysts and market commentators pointed to bullish signs for Bank of America, including a report that Erste Group raised FY2027 earnings estimates and articles noting the stock’s technical strength after a “golden cross.” Higher earnings expectations and favorable chart signals can support sentiment.
• Neutral Sentiment: Bank of America also declared regular preferred stock dividends payable in July and August, a routine capital-return update that is supportive of income investors but not likely a major driver of the common stock on its own. Bank of America Declares Preferred Stock Dividends Payable in July and August 2026
• Negative Sentiment: The biggest overhang is a reported DOJ subpoena tied to an investigation into alleged “debanking,” which could raise legal, compliance, and reputational risks for Bank of America and other major banks. That headline may be weighing on the shares. US Justice Department subpoenas major banks over alleged ‘debanking’, WSJ reports
• Negative Sentiment: Separately, BofA’s own recent market warning comments about elevated risk signals and profit-taking caution may be interpreted as a bearish read on broader equities, which can soften sentiment toward BAC even if the comments were aimed at the wider market. Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%

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.