14,234 Shares in Bank of America Corporation $BAC Purchased by Directional Asset Management

Key Points

• Directional Asset Management opened a new position in Bank of America, purchasing 14,234 shares in Q4 valued at about $783,000, while institutional investors collectively own roughly 70.71% of the company.
• Bank of America beat Q1 expectations with $1.11 EPS (vs. $1.00 est.) and $30.27B revenue (vs. $29.72B est.), and declared a quarterly dividend of $0.28/share (2.1% yield) payable June 26.
• Company insiders have been net sellers recently, offloading 227,832 shares worth about $11.09M in the last 90 days, leaving insiders with just 0.27% ownership.

Directional Asset Management acquired a new position in shares of Bank of America Corporation (NYSE:BAC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,234 shares of the financial services provider's stock, valued at approximately $783,000.

Several other large investors have also made changes to their positions in BAC. Brighton Jones LLC increased its stake in Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider's stock valued at $4,785,000 after acquiring an additional 25,143 shares during the period. Sivia Capital Partners LLC increased its stake in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock valued at $1,013,000 after acquiring an additional 6,174 shares during the period. Jump Financial LLC increased its stake in Bank of America by 38.4% during the second quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider's stock valued at $3,108,000 after acquiring an additional 18,227 shares during the period. Nebula Research & Development LLC bought a new position in Bank of America during the second quarter valued at about $1,396,000. Finally, Vivaldi Capital Management LP increased its stake in Bank of America by 4.2% during the second quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider's stock valued at $417,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 70.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BAC. HSBC boosted their price target on Bank of America from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. CICC Research began coverage on Bank of America in a research note on Wednesday, January 14th. They set an "outperform" rating and a $62.00 price target on the stock. Wells Fargo & Company boosted their price target on Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Wolfe Research lowered Bank of America from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Bank of America in a research note on Tuesday, January 27th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of America currently has an average rating of "Moderate Buy" and an average price target of $60.90.

Insider Activity

In other news, insider Bernard A. Mensah sold 94,000 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the sale, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the sale, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 227,832 shares of company stock worth $11,094,960. Company insiders own 0.27% of the company's stock.

Bank of America News Roundup

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

• Positive Sentiment: Board declared a quarterly cash dividend of $0.28/share, payable June 26 — a direct return of capital that supports investor income and signals capital confidence. Bank of America Declares Second Quarter 2026 Stock Dividends
• Positive Sentiment: Underlying Q1 results remain a tailwind: the bank reported a better-than-expected quarter (strength in NII, fee businesses and controlled expenses), which continues to support earnings expectations and analyst optimism. 5 Insightful Analyst Questions From Bank of America’s Q1 Earnings Call
• Positive Sentiment: Independent analyst support: Jefferies reiterated a Buy and raised its price target after Q1, reflecting confidence in BAC’s earnings momentum and capital returns strategy. Analyst upgrades help underpin demand for the stock. This Is Why Jefferies Believes Bank of America Corporation (BAC) Is a Buy
• Positive Sentiment: Industry tailwind: major U.S. banks are returning record capital via buybacks and dividends in Q1—a supportive backdrop for BAC’s valuation and shareholder returns narrative. America's 8 Biggest Banks Are Returning Record Capital To Shareholders
• Positive Sentiment: Anchoring investor confidence: BAC remains a long-term holding in Warren Buffett’s portfolio, a signal that can reassure long‑term investors about franchise strength. Bank of America (BAC) Remains in Warren Buffett’s Portfolio Since 2011; See Why
• Neutral Sentiment: Corporate social responsibility/brand: BofA awarded 18 international art‑conservation grants, a reputational positive but unlikely to move near‑term stock direction materially. Historic Artworks Receive Funding through BofA's Art Conservation Project™
• Neutral Sentiment: Regulatory/portfolio note: Bank of America reported a transparency notification related to Umicore holdings (3% threshold crossing) — an institutional position disclosure with limited direct impact on BAC’s operating outlook. Umicore - Transparency notification by Bank of America Corporation
• Negative Sentiment: Broader market headwinds: Bank of America research flagged continued outflows from U.S. equities into international markets — sector rotation and risk‑off flows can pressure BAC even with solid fundamentals. Are investors turning bearish on US stocks? BofA flags outflows
• Negative Sentiment: Near-term technical/flow pressure: after the post‑earnings rally, some profit‑taking and below‑average intraday volume have coincided with the pullback — this explains today’s weaker tape despite the company-level positives.

Bank of America Trading Down 1.2%

BAC stock opened at $52.50 on Friday. Bank of America Corporation has a 1-year low of $38.60 and a 1-year high of $57.55. The firm has a market cap of $375.18 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.90 and a beta of 1.23. The business's 50 day moving average is $50.34 and its 200-day moving average is $52.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating 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 company had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same period in the prior year, the company posted $0.90 EPS. The company's revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Bank of America Corporation will post 4.44 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business 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 currently 27.72%.

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.

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