Aprio Wealth Management LLC Purchases 24,893 Shares of Bank of America Corporation $BAC

Key Points

• Aprio Wealth Management LLC increased its stake in Bank of America by 77.1%, buying 24,893 shares to hold 57,191 shares worth roughly $3.15 million.
• Bank of America beat Q1 expectations with $1.11 EPS vs. $1.00 est. and $30.27 billion in revenue, and declared a quarterly dividend of $0.28 (annualized $1.12, ~2.2% yield).
• Insiders have been net sellers recently—about 227,832 shares sold in the last 90 days—while analysts maintain a consensus of "Moderate Buy" with an average price target near $60.90.

Aprio Wealth Management LLC grew its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 77.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,191 shares of the financial services provider's stock after buying an additional 24,893 shares during the quarter. Aprio Wealth Management LLC's holdings in Bank of America were worth $3,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. DecisionMap Wealth Management LLC grew its position in 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 acquiring an additional 182 shares during the last quarter. Holistic Financial Partners boosted its stake in shares of Bank of America by 2.4% during the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider's stock valued at $434,000 after purchasing an additional 183 shares during the period. Riverview Capital Advisers LLC grew its holdings in shares of 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 worth $242,000 after purchasing an additional 188 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in Bank of America by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider's stock worth $3,110,000 after buying an additional 189 shares during the period. Finally, William B. Walkup & Associates Inc. lifted its holdings in Bank of America by 1.4% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider's stock valued at $723,000 after buying an additional 192 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

Bank of America Trading Down 0.0%

Shares of NYSE BAC opened at $52.04 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $371.87 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.88 and a beta of 1.23. Bank of America Corporation has a 1-year low of $38.81 and a 1-year high of $57.55. The business has a fifty day moving average price of $50.33 and a 200 day moving average price of $52.36.

Bank of America (NYSE:BAC - Get Free Report) 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 company had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Equities research analysts expect that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BAC shares. Wells Fargo & Company raised their target price on shares of Bank of America from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, January 5th. The Goldman Sachs Group raised their price objective on Bank of America from $58.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. TD Cowen lowered their target price on Bank of America from $66.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, January 15th. Wall Street Zen upgraded Bank of America from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $59.00 price objective on shares of Bank of America in a research note on Thursday, April 16th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.90.

Insider Transactions at Bank of America

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares in the company, valued at $11,357,614.86. The trade was a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares of the company's stock, valued at $15,362,000. The trade was a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 227,832 shares of company stock valued at $11,094,960 in the last 90 days. Insiders own 0.27% of the company's stock.

More Bank of America News

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

• Positive Sentiment: Board declared a quarterly cash dividend of $0.28 per share (payable June 26, 2026; record date June 5), reinforcing capital return to shareholders and supporting yield-focused demand. Bank of America Declares Second Quarter 2026 Stock Dividends
• Positive Sentiment: Jefferies reiterated a Buy and raised its price target to $65 following BofA’s strong Q1 results—an analyst endorsement that can support upside in the stock. This Is Why Jefferies Believes Bank of America Corporation (BAC) Is a Buy
• Positive Sentiment: High-profile investor endorsement persists: coverage notes that Berkshire/Warren Buffett continues to hold BAC, a long‑running vote of confidence for long-term investors. Bank of America (BAC) Remains in Warren Buffett’s Portfolio Since 2011; See Why
• Positive Sentiment: Industry context: Forbes reports that the largest U.S. banks returned record capital (dividends + buybacks) in Q1 — a favorable backdrop for BAC and investor appetite for bank equities. America's 8 Biggest Banks Are Returning Record Capital To Shareholders
• Neutral Sentiment: BofA research highlighted that a simple balanced “Sleep Like a Baby” portfolio is having a historic year — a market commentary item that showcases the bank’s analytics but is not direct company-specific news. The ‘Sleep Like a Baby’ Portfolio Is Having a Historic Year, Says BofA
• Neutral Sentiment: Macro/market note: Bloomberg coverage on collapsing volatility and renewed carry trades signals lower market stress and improved risk appetite — a backdrop that can lift banking fees/trading over time but is not an immediate company catalyst. Collapsing Volatility Turbocharges Returns in Carry Trades
• Neutral Sentiment: Corporate social/branding item: BofA awarded art conservation grants across multiple countries — positive for reputation but unlikely to move near-term stock performance. Historic Artworks Receive Funding through BofA's Art Conservation Project™
• Negative Sentiment: Bank of America materially trimmed its stake in Austrian property firm CA Immobilien Anlagen to 0.22% — a small, company-specific sell action that may signal portfolio rebalancing or risk reduction (likely immaterial to BAC’s fundamentals but interpreted negatively by some traders). Bank of America Slashes Stake in CA Immobilien Anlagen to 0.22%

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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