Perfromance Wealth Partners LLC Grows Holdings in Bank of America Corporation $BAC

Perfromance Wealth Partners LLC increased its position in shares of Bank of America Corporation (NYSE:BAC) by 36.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,373 shares of the financial services provider’s stock after purchasing an additional 14,757 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Bank of America were worth $3,045,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BAC. Wiser Advisor Group LLC purchased a new position in Bank of America during the third quarter worth about $27,000. Steph & Co. boosted its holdings in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the last quarter. Marquette Asset Management LLC purchased a new position in Bank of America during the third quarter worth about $30,000. Collier Financial purchased a new position in Bank of America during the third quarter worth about $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Bank of America in the third quarter worth about $31,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Bank of America

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

• Positive Sentiment: Evercore ISI reaffirmed a Buy stance on BAC, providing direct dealer support for the stock and helping investor confidence. Evercore ISI Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: Goldman Sachs raised its price target to $58 (maintained Buy), a constructive signal that may attract buyers given BAC’s valuation and dividend/buyback story. Goldman raises BAC PT to $58
• Positive Sentiment: Strategic/operational recognition: BofA was named the No.1 global OCIO provider for nonprofits in 2025, highlighting fee-business strength and long-term client relationships that support non‑interest revenue. BofA Named No.1 Nonprofit OCIO Provider Globally in 2025
• Neutral Sentiment: Preview/earnings context: Analysts and commentaries flag the upcoming Q1 report as pivotal for 2026 guidance — the market is focused more on earnings stability than upside reacceleration. This keeps volatility possible but doesn’t decisively change the medium-term thesis. Bank of America Earnings: A Pivotal Report For 2026 Expectations
• Neutral Sentiment: Sector/context: BofA analysts expect US banks to deliver broadly in‑line to slightly better Q1 results; sector tailwinds from NII remain but are increasingly questioned. This supports the name relative to peers but keeps results event-driven. US banks set to deliver solid first quarter results
• Neutral Sentiment: Relative positioning: comparison pieces (e.g., BAC vs PNC) and long‑term bull commentary keep BAC in investors’ focus as a scale-driven bank, but these are background factors rather than immediate catalysts. BAC vs. PNC: Which Wins When Picking Between Scale & Stability?
• Negative Sentiment: Several firms trimmed price targets (JPMorgan to $57.50, Daiwa to $58, Evercore Inc. to $55, Autonomous to $54). While many maintained buy/overweight stances, the downward PT revisions cap near‑term upside and signal caution from analysts. JPMorgan lowers BAC PT Daiwa lowers BAC PT
• Negative Sentiment: Macro/earnings risk: commentary notes that much downside may already be priced in, but the fading rate tailwind and sensitivity of NII to Fed moves remain a tangible downside risk heading into Q1. Bank Of America: Heading Into Q1 With More Priced In Than Left To Price Rate tailwind fading

Bank of America Stock Performance

NYSE BAC opened at $50.26 on Wednesday. The company’s 50 day moving average is $50.61 and its 200-day moving average is $52.19. Bank of America Corporation has a 12-month low of $33.06 and a 12-month 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 firm has a market cap of $359.15 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23.

Bank of America (NYSE:BAC) last posted its quarterly 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. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. Bank of America’s payout ratio is 29.24%.

Analyst Ratings Changes

Several brokerages have commented on BAC. Oppenheimer lowered their price objective on shares of Bank of America from $63.00 to $58.00 and set an “outperform” rating on the stock in a research report on Friday, March 27th. Jefferies Financial Group began coverage on shares of Bank of America in a research report on Thursday, March 26th. They issued a “buy” rating and a $60.00 price objective on the stock. Argus lifted their price objective on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Royal Bank Of Canada lifted their price objective on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Piper Sandler lifted their price objective on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Twenty-three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.90.

Insider Activity

In other news, insider James P. Demare sold 83,832 shares of the business’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 sale, the insider owned 307,240 shares of the company’s stock, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction 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. Insiders have sold a total of 227,832 shares of company stock valued at $11,094,960 over the last quarter. Company insiders own 0.27% of the company’s stock.

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.