Handelsbanken Fonder AB Purchases 573,909 Shares of Bank of America Corporation $BAC

Handelsbanken Fonder AB lifted its position in Bank of America Corporation (NYSE:BAC) by 23.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,026,473 shares of the financial services provider’s stock after purchasing an additional 573,909 shares during the quarter. Bank of America accounts for about 0.5% of Handelsbanken Fonder AB’s holdings, making the stock its 28th largest holding. Handelsbanken Fonder AB’s holdings in Bank of America were worth $156,136,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Andra AP fonden lifted its position in Bank of America by 10.0% in the 3rd quarter. Andra AP fonden now owns 46,200 shares of the financial services provider’s stock worth $2,383,000 after buying an additional 4,200 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Bank of America by 2.6% during the third quarter. Artisan Partners Limited Partnership now owns 3,037,943 shares of the financial services provider’s stock worth $156,727,000 after acquiring an additional 77,688 shares in the last quarter. Close Asset Management Ltd lifted its holdings in shares of Bank of America by 40.2% in the 3rd quarter. Close Asset Management Ltd now owns 118,584 shares of the financial services provider’s stock worth $6,115,000 after acquiring an additional 34,000 shares during the last quarter. Lansing Street Advisors boosted its stake in shares of Bank of America by 6.2% in the 3rd quarter. Lansing Street Advisors now owns 25,546 shares of the financial services provider’s stock valued at $1,318,000 after purchasing an additional 1,481 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of Bank of America by 2.8% in the 3rd quarter. Diversify Wealth Management LLC now owns 118,458 shares of the financial services provider’s stock valued at $6,345,000 after purchasing an additional 3,250 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Trading Up 1.1%

BAC opened at $52.28 on Friday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. 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 business has a 50 day simple moving average of $54.02 and a two-hundred day simple moving average of $52.38. The firm has a market capitalization of $381.77 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.26 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Analysts predict that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio is 29.24%.

Bank of America News Roundup

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

• Positive Sentiment: High institutional and analyst interest — multiple articles note heavy hedge-fund and analyst bullishness on BAC (15 of 19 analysts with Buy/Outperform coverage), which supports demand for the shares and institutional flows. Here is Why Bank of America Corporation (BAC) is Highly Favored By Hedge Funds
• Positive Sentiment: Short-term momentum/relative performance — coverage noting that BAC has outpaced broad market gains helps explain intraday buying and reinforces momentum traders’ interest. Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
• Positive Sentiment: Corporate citizenship and franchise-strength signaling — Bank of America announced nearly $40M invested in U.S. workforce skills (2025 programs), a reputational and relationship-building move that supports long-term deposit/fee growth and investor perception. BofA Invests Nearly $40 Million into American Workforce Skills in 2025
• Neutral Sentiment: Valuation and performance review — a write-up assessing BAC’s pricing versus excess returns and P/E signals highlights mixed near-term signals (small recent pullback) but solid multi-year gains; useful context for investors weighing value vs. momentum. Is Bank of America (BAC) Pricing Reflect Its Excess Returns And P/E Valuation Signals
• Neutral Sentiment: Regulatory/filing housekeeping — BAC filed its latest Form 10‑K with the U.K. National Storage Mechanism; standard disclosure compliance that’s neutral for stock direction but relevant for modelers and institutional holders. Bank of America Files Latest Form 10-K with U.K. National Storage Mechanism
• Neutral Sentiment: Relative bank-comparison pieces — analyst commentary comparing BAC vs. Wells Fargo on earnings growth, investment banking momentum and valuation may drive relative flows among bank ETFs and sector rotation trades. Bank of America or Wells Fargo: Which Big Bank Offers More Upside?

Analysts Set New Price Targets

Several analysts have weighed in on the stock. CICC Research assumed coverage on shares of Bank of America in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price target for the company. HSBC lifted their price objective on Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Truist Financial dropped their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Oppenheimer lifted their price target on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Finally, Barclays boosted their price objective on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

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.