ABC Arbitrage SA Takes Position in Bank of America Corporation $BAC

Posted by Donna Armstrong on May 12th, 2026

ABC Arbitrage SA bought a new position in Bank of America Corporation (NYSE:BAC) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 31,048 shares of the financial services provider’s stock, valued at approximately $1,708,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DecisionMap Wealth Management LLC boosted its holdings in shares of Bank of America by 4.7% in the 4th quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 182 shares during the last quarter. Holistic Financial Partners increased its holdings in shares of Bank of America by 2.4% during the 4th quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after buying an additional 183 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its position in shares of Bank of America by 1.0% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 187 shares during the period. Riverview Capital Advisers LLC boosted its holdings in Bank of America by 4.2% in the third quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 188 shares during the last quarter. Finally, Shepherd Financial Partners LLC boosted its holdings in Bank of America by 0.3% in the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock valued at $3,110,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Down 1.5%

BAC opened at $50.53 on Tuesday. The firm’s 50 day moving average is $50.39 and its 200-day moving average is $52.49. Bank of America Corporation has a 52-week low of $42.35 and a 52-week high of $57.55. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $358.56 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.87 and a beta of 1.21.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Analysts expect that Bank of America Corporation will post 4.46 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America’s dividend payout ratio (DPR) is presently 27.72%.

Bank of America News Summary

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

Neutral Sentiment: Bank of America’s own fair value estimate was nudged slightly higher to $62.98 from $62.72, but the move was described as a minor adjustment rather than a major change in outlook. How The Bank Of America (BAC) Investment Story Is Shifting As Analyst Views Rebalance
Neutral Sentiment: Street commentary remains split, with some analysts raising targets modestly while others cut estimates, signaling uncertainty around BAC’s valuation rather than a clear fundamental shock. How The Bank Of America (BAC) Investment Story Is Shifting As Analyst Views Rebalance
Neutral Sentiment: Bank of America also settled a SEBI allegation in India related to an alleged insider-trading recordkeeping violation; while not described as a major financial penalty, it adds a small compliance overhang. BofA settles allegation of insider trading rule violation with Sebi
Neutral Sentiment: Separately, BofA’s role in Brazilian payments firm Elo’s planned U.S. IPO is a positive sign for investment banking activity, but it is not likely to move the stock on its own. Brazil’s Mastercard Rival Elo Taps Bank of America, Other Banks for US IPO

Insider Activity at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction dated 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 owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares in the company, valued at $72,803,774.97. The trade was a 8.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 354,588 shares of company stock valued at $17,814,296 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. HSBC upped their price target on Bank of America from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Jefferies Financial Group boosted their target price on Bank of America from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Morgan Stanley dropped their target price on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. UBS Group raised their price target on shares of Bank of America from $62.00 to $63.00 in a report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Read Our Latest Stock Analysis on BAC

Bank of America Profile

(Free Report)

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.