Altrius Capital Management Inc Cuts Position in Bank of America Corporation $BAC

Key Points

• Altrius Capital Management trimmed its Bank of America stake by 9.0%, selling 10,410 shares and ending the quarter with 105,260 shares valued at about $5.79 million.
• Large institutions boosted positions—Vanguard now holds 651,076,825 shares, UBS made a massive increase, and about 70.71% of BAC is owned by hedge funds and other institutional investors, while the bank has repurchased roughly $18.7 billion of stock in the last 12 months.
• Bank of America beat Q1 estimates (EPS $1.11 vs. $1.00; revenue $30.27B), announced a quarterly dividend of $0.28 (2.1% yield), and carries a MarketBeat consensus rating of "Moderate Buy" with a $61.02 target.

Altrius Capital Management Inc trimmed its position in Bank of America Corporation (NYSE:BAC - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,260 shares of the financial services provider's stock after selling 10,410 shares during the quarter. Altrius Capital Management Inc's holdings in Bank of America were worth $5,789,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BAC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Bank of America by 640.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider's stock worth $2,399,798,000 after purchasing an additional 40,235,201 shares during the period. Vanguard Group Inc. raised its holdings in shares of Bank of America by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider's stock valued at $35,809,225,000 after buying an additional 23,351,183 shares during the period. Capital World Investors raised its holdings in shares of Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock valued at $7,448,816,000 after buying an additional 14,275,810 shares during the period. Danske Bank A S purchased a new stake in shares of Bank of America during the 3rd quarter valued at about $224,863,000. Finally, Capitolis Liquid Global Markets LLC raised its holdings in shares of Bank of America by 52.0% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider's stock valued at $644,681,000 after buying an additional 4,273,472 shares during the period. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wolfe Research downgraded Bank of America from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank of America in a report on Friday, April 24th. Keefe, Bruyette & Woods raised their target price on Bank of America from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Autonomous Res dropped their target price on Bank of America from $62.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, April 6th. Finally, Daiwa Securities Group raised their target price on Bank of America from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, April 28th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.02.

More Bank of America News

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

• Positive Sentiment: Q1 results beat expectations — BAC reported stronger‑than‑expected EPS and revenue for the quarter (EPS $1.11 vs. $1.00 estimate; revenue $30.27B vs. $29.72B), showing solid core performance and margin recovery. This supports earnings momentum and the valuation multiple.
• Positive Sentiment: Multi‑year Alaska Air co‑brand extension and heavy buybacks — BAC extended its largest co‑brand credit card partnership with Alaska Air, supporting future card revenue and deposits; the bank has also been executing large buybacks (~$18.7B in the last 12 months), which reduces share count and supports EPS. Read More.
• Positive Sentiment: High‑profile endorsement — Jim Cramer publicly called Bank of America "way too cheap" and said it should be bought on Mad Money, which can attract retail interest and buying flows in the short term. Read More.
• Neutral Sentiment: BofA Securities research activity (NVIDIA and others) — BofA’s analysts maintained a Buy on NVIDIA (and are active on names like Pearson, Alignment Healthcare, Block). This highlights the firm’s strong research franchise and potential trading/research revenue, but these calls are indirect for BAC’s stock performance. Read More. • Read More. • Read More. • Read More.
• Neutral Sentiment: BofA research calls on commodities and macro (silver $309 scenario) — the bank’s high‑end silver forecast is a thematic research call that could influence commodity traders but has limited direct bearing on BAC’s fundamentals. Read More.
• Neutral Sentiment: Industry coverage and media pieces (branch strategy) — general coverage noting banks opening branches and shifting strategies may affect BAC over time, but these stories are background rather than immediate catalysts. Read More.

Bank of America Price Performance

Shares of NYSE BAC opened at $53.28 on Monday. Bank of America Corporation has a fifty-two week low of $40.56 and a fifty-two week high of $57.55. The business has a 50 day moving average price of $50.34 and a two-hundred day moving average price of $52.47. 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 cap of $380.75 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings data 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. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same quarter last year, the firm earned $0.90 EPS. Bank of America's quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts expect that Bank of America Corporation will post 4.46 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, June 5th. Bank of America's dividend payout ratio (DPR) is 27.72%.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This trade represents a 21.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the firm'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 value of $4,412,360.00. Following the sale, the insider owned 170,184 shares of the company's stock, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Bank of America 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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