Capital International Ltd. CA Grows Holdings in Bank of America Corporation $BAC

Capital International Ltd. CA lifted its holdings in Bank of America Corporation (NYSE:BAC) by 48.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 599,536 shares of the financial services provider’s stock after buying an additional 196,460 shares during the quarter. Bank of America makes up about 1.2% of Capital International Ltd. CA’s holdings, making the stock its 20th biggest holding. Capital International Ltd. CA’s holdings in Bank of America were worth $32,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital International Inc. CA grew its position in shares of Bank of America by 49.1% in the 4th quarter. Capital International Inc. CA now owns 2,514,885 shares of the financial services provider’s stock worth $138,319,000 after buying an additional 827,668 shares during the period. Capital International Investors purchased a new stake in shares of Bank of America in the 4th quarter worth about $2,357,461,000. Capital Group Investment Management PTE. LTD. grew its position in shares of Bank of America by 57.0% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 136,991 shares of the financial services provider’s stock worth $7,535,000 after buying an additional 49,761 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Bank of America by 38.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 811,666 shares of the financial services provider’s stock worth $43,043,000 after buying an additional 224,939 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in shares of Bank of America by 295.9% in the 4th quarter. Atlantic Private Wealth LLC now owns 1,057 shares of the financial services provider’s stock worth $58,000 after buying an additional 790 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Stock Performance

Shares of Bank of America stock opened at $53.87 on Friday. The stock has a market cap of $382.27 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.91 and a beta of 1.18. The firm’s 50-day moving average is $51.63 and its 200 day moving average is $52.30. Bank of America Corporation has a 1 year low of $43.66 and a 1 year high of $57.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. Sell-side analysts anticipate that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, June 5th. Bank of America’s dividend payout ratio is 27.72%.

Insider Activity at Bank of America

In related news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction that occurred 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 represents a 35.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the sale, the insider directly owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is owned by corporate insiders.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America announced a new cross-border real-time payments solution that will let corporate and institutional clients send and receive funds instantly via SWIFT or CashPro, a potentially meaningful growth driver for its global payments franchise. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Merrill, Bank of America’s wealth management unit, earned strong recognition across three 2026 Barron’s lists, reinforcing the quality of its advisory business and brand strength in wealth management. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Positive Sentiment: Multiple articles highlighted bullish views on BAC, including references to broad analyst optimism and BAC being viewed as a low-cost stock with upside potential, which can help support investor confidence. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Neutral Sentiment: Bank of America and other major U.S. banks are moving ahead with a shared tokenized deposit network, a strategic industry initiative that is important long term but not an immediate earnings catalyst. Big Banks Launch Tokenized Deposit Network to Fight Off Stablecoin Threat
• Neutral Sentiment: Bank of America also disclosed a 2.84% voting interest in QIAGEN, but the filing appears to be a routine ownership update rather than a major strategic shift for BAC. Bank of America Reports 2.84% Voting Interest in QIAGEN
• Negative Sentiment: Jim Cramer commented that something “not that great” may be happening at Bank of America, a bearish soundbite that could weigh on sentiment even though it was not tied to a specific fundamental warning. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Bank of America from $62.00 to $63.00 in a research report on Wednesday, May 6th. Jefferies Financial Group upped their price target on shares of Bank of America from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Autonomous Res dropped their price target on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Truist Financial upped their price target on shares of Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, Piper Sandler upped their price target on shares of Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

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.