Munich Reinsurance Co Stock Corp in Munich Makes New $45.02 Million Investment in Bank of America Corporation $BAC

Munich Reinsurance Co Stock Corp in Munich purchased a new position in Bank of America Corporation (NYSE:BAC) during the third quarter, Holdings Channel reports. The fund purchased 872,619 shares of the financial services provider’s stock, valued at approximately $45,018,000.

A number of other hedge funds also recently made changes to their positions in the stock. Angeles Wealth Management LLC increased its stake in Bank of America by 1.0% in the third quarter. Angeles Wealth Management LLC now owns 40,530 shares of the financial services provider’s stock valued at $2,091,000 after acquiring an additional 403 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its position in Bank of America by 7.3% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 10,518 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 716 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in Bank of America by 1.5% during the third quarter. Ramirez Asset Management Inc. now owns 44,272 shares of the financial services provider’s stock worth $2,284,000 after purchasing an additional 675 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Bank of America by 172.2% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 4,029 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 2,549 shares in the last quarter. Finally, Marietta Investment Partners LLC boosted its holdings in shares of Bank of America by 1.3% in the 3rd quarter. Marietta Investment Partners LLC now owns 85,383 shares of the financial services provider’s stock worth $4,405,000 after purchasing an additional 1,113 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

BAC has been the topic of a number of research reports. HSBC raised their price objective on Bank of America from $55.00 to $57.00 and gave the company a “hold” rating in a report on Friday, February 6th. Wall Street Zen upgraded shares of Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Evercore set a $59.00 price target on shares of Bank of America in a research note on Thursday, January 15th. Royal Bank Of Canada upped their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, CICC Research started coverage on shares of Bank of America in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 target price on the stock. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America News Summary

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

• Positive Sentiment: Analyst buy thesis: BAC is described as “slipping back into the buy zone” — trading at ~12.5x trailing earnings (below its 10-year average) with a multiyear tailwind from net interest margin expansion as low‑yielding assets reprice, supporting operating leverage and returns. Bank Of America: Slipping Back Into The ‘Buy’ Zone
• Positive Sentiment: Dividend & income angle: Coverage argues BAC remains attractive for dividend-seeking portfolios — an important point for income investors given the bank’s payout and current yield profile. Bank of America (BAC) Could Be a Great Choice
• Positive Sentiment: Wealth-management product expansion: Bank of America Private Bank launched an Art Consulting service — a niche revenue/relationship initiative that modestly diversifies fee income and deepens HNW client ties. Bank Of America Art Consulting Adds Dimension To Wealth And Valuation Story
• Neutral Sentiment: Underwriting / investment-banking activity: BofA Securities is lead in SM Energy’s $1bn senior notes offering — a reminder of recurring fee revenue from capital markets, but not large enough alone to swing BAC’s stock. Vinson & Elkins Advises Initial Purchasers on SM Energy’s $1 Billion Senior Notes Offering
• Neutral Sentiment: Shareholder / holdings disclosure: Galapagos filed transparency notices showing Bank of America entities crossed a reporting threshold — operational detail about holdings rather than a direct signal about BAC’s performance. Galapagos Receives Transparency Notifications from Bank of America
• Negative Sentiment: Geopolitical / market risk: BofA strategists warn that a prolonged U.S.–Iran war could push investors out of Europe and Japan into oil and the dollar — a macro shock that raises volatility and can hurt banks via risk‑off flows, trading losses, or credit stress. BofA’s Hartnett Sees European, Japanese Stocks at Risk From War
• Negative Sentiment: Market sentiment cooling: Coverage noting that recent BAC share momentum has cooled and valuation dynamics are being reassessed — this sort of reassessment can trigger short‑term selling even if fundamentals remain intact. Assessing Bank Of America (BAC) Valuation As Recent Share Momentum Cools
• Negative Sentiment: Sector rotation commentary: Bank of America research and market pieces (and consequent media coverage) around selling oil stocks and shifting sector preferences signal rotation and positioning changes that can temporarily depress financial shares amid heightened commodity and FX volatility. Bank of America (BAC) Is Telling Investors to Sell Oil Stocks as Crude Prices Soar. Here’s Why

Insider Transactions at Bank of America

In other news, 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 directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

Bank of America Stock Down 2.3%

Shares of NYSE BAC opened at $48.68 on Friday. The firm’s fifty day moving average is $53.27 and its 200 day moving average is $52.49. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The company has a market cap of $349.36 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.21 and a beta of 1.28.

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

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

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.