Bank of America Corporation $BAC Shares Purchased by HF Advisory Group LLC

HF Advisory Group LLC raised its position in Bank of America Corporation (NYSE:BAC) by 129.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,426 shares of the financial services provider’s stock after buying an additional 29,547 shares during the period. HF Advisory Group LLC’s holdings in Bank of America were worth $2,883,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in shares of Bank of America in the third quarter worth about $27,000. Steph & Co. boosted its holdings in 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 purchasing an additional 379 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in Bank of America during the 3rd quarter valued at approximately $30,000. Collier Financial purchased a new stake in Bank of America during the 3rd quarter worth approximately $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Bank of America during the 3rd quarter worth approximately $31,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the sale, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the sale, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BAC. Morgan Stanley reduced their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays lifted their price target on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. TD Cowen cut their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Piper Sandler increased their price objective on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Twenty-three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.54.

Bank of America Trading Up 1.1%

Bank of America stock opened at $49.29 on Thursday. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The firm’s 50-day moving average is $50.79 and its 200-day moving average is $52.23. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $352.20 billion, a P/E ratio of 12.87, a PEG ratio of 1.19 and a beta of 1.23.

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

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were issued 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 dividend yield of 2.3%. Bank of America’s dividend payout ratio is 29.24%.

Bank of America News Summary

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

• Positive Sentiment: HSBC upgraded BAC from “hold” to “buy” with a $57 price target, signaling renewed analyst conviction and providing near‑term demand support for the stock. HSBC upgrade
• Positive Sentiment: Wells Fargo also reiterated a buy on BAC, adding another institutional upgrade that can boost investor sentiment. Wells Fargo buy
• Positive Sentiment: Jefferies highlighted a favorable net interest income outlook for BAC (expected 5–7% NII growth over five years), which supports the bank’s medium‑term earnings trajectory. Jefferies NII outlook
• Positive Sentiment: Bank of America continues to expand consumer partnerships — a new tri‑branded Royal Caribbean credit card deal should add card spend and fee revenue over time. Royal Caribbean card partnership
• Positive Sentiment: Analysts and market pieces (Zacks) note BAC’s history of earnings beats and position it as likely to out‑perform next quarter, supporting buy‑side sentiment. Zacks on earnings
• Neutral Sentiment: Morgan Stanley trimmed its price target to $61 from $67 but kept an “overweight” rating — the lower target tempers upside but the retained positive stance is supportive. Morgan Stanley PT change
• Neutral Sentiment: Broader market moves (e.g., optimism around a de‑escalation in the Middle East) are lifting financials generally; this macro relief benefits BAC but is not company‑specific. Market rally on Hormuz hope
• Negative Sentiment: French authorities have placed four suspects in pre‑trial detention over a foiled March bombing plot targeting Bank of America’s Paris office — a security and reputational issue that may increase compliance and facility costs. Foiled Paris bombing
• Negative Sentiment: BAC disclosed a $72.5 million settlement tied to a civil lawsuit, which is a direct hit to reserves/earnings and can cap near‑term upside. Legal settlement
• Negative Sentiment: Media reports detail Warren Buffett (Berkshire) materially reducing his BAC stake in recent filings; large, visible selling can weigh on sentiment even if not tied to fundamentals. Buffett stake sell
• Negative Sentiment: Bank of America’s own research warning of “mild stagflation” and sustained high oil prices is a caution: weaker growth and higher inflation could pressure credit and fee growth over time. BofA stagflation warning

Bank of America Company 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.