Capital Research Global Investors Increases Stock Holdings in Bank of America Corporation $BAC

Capital Research Global Investors lifted its holdings in shares of Bank of America Corporation (NYSE:BAC) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,854,823 shares of the financial services provider’s stock after acquiring an additional 9,813 shares during the period. Capital Research Global Investors’ holdings in Bank of America were worth $212,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. DecisionMap Wealth Management LLC grew its position in shares of Bank of America by 4.7% during the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 182 shares during the last quarter. Money Concepts Capital Corp grew its position in shares of Bank of America by 3.8% during the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 182 shares during the last quarter. Holistic Financial Partners grew its position in shares of Bank of America by 2.4% during the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 183 shares during the last quarter. Operose Advisors LLC grew its position in shares of Bank of America by 0.9% during the fourth quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock worth $1,123,000 after acquiring an additional 185 shares during the last quarter. Finally, Asahi Life Asset Management CO. LTD. grew its position in shares of Bank of America by 1.0% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after acquiring an additional 187 shares during the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 on Thursday, March 12th. The shares were 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 of the company’s stock, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is currently owned by company insiders.

Bank of America Price Performance

Shares of NYSE BAC opened at $53.62 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average price of $51.73 and a 200 day moving average price of $52.32. Bank of America Corporation has a 1-year low of $43.66 and a 1-year high of $57.55. The company has a market cap of $380.48 billion, a PE ratio of 13.27, a P/E/G ratio of 0.91 and a beta of 1.19.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.11. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm had revenue of $30.27 billion during the quarter, compared to the consensus estimate of $29.72 billion. During the same period last year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts forecast that Bank of America Corporation will post 4.45 EPS for the current year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is currently 27.72%.

More Bank of America News

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

• Positive Sentiment: Bank of America and other large U.S. banks are moving ahead with a shared tokenized deposit network, which could help BAC defend its payments franchise and participate in faster, blockchain-based money movement as stablecoin competition heats up. Bank Of America Joins Tokenized Deposit Network To Defend Payments Business
• Positive Sentiment: Analyst coverage continues to frame Bank of America as a strong large-cap bank with global scale, diversified revenue, and a solid deposit base that could benefit from better capital-markets activity and a more favorable rate environment. Bank of America vs. Truist: Which Bank Offers Better Upside in 2026?
• Neutral Sentiment: Bank of America also highlighted broader banking innovation by joining discussions around tokenized deposits, reinforcing its role in next-generation payments, though this is more of a long-term strategic theme than a near-term earnings driver. Big Banks Eye Tokenized Deposits as Stablecoin Competition Heats Up
• Neutral Sentiment: BofA’s analysts have also been active across other stocks, including upgrades and price-target changes, but these calls do not directly change BAC’s fundamentals. UnitedHealth Stock Jumps on Upgrade From Bank of America. UNH Is No Longer Just an Insurance Company.
• Negative Sentiment: In contrast, Bank of America’s market commentary has turned more defensive: it warned that only 20 S&P 500 stocks hit record highs in May, a level it views as reminiscent of past late-cycle market peaks. Bank of America says only 20 S&P 500 stocks hit record highs in May — the same number as the dot-com bubble peak in 2000
• Negative Sentiment: Another BofA warning said investors should “take profits” as multiple bear-market signposts are flashing, and the firm cautioned that a further market drop could trigger systematic selling. That kind of risk-off message can weigh on sentiment for BAC and the broader banking group. Time to ‘Take Profits,’ Warns BofA as ‘Bear Market Signposts’ Flash Red

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Bank of America from $62.00 to $63.00 in a research report on Wednesday, May 6th. Autonomous Res lowered their target price on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. lowered their target price on shares of Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research report on Friday, April 24th. Finally, Oppenheimer increased their price target on Bank of America from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.06.

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.