B. Metzler seel. Sohn & Co. AG Has $43.17 Million Position in Bank of America Corporation $BAC

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757,641 shares of the financial services provider's stock after acquiring an additional 69,870 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Bank of America were worth $43,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America during the 2nd quarter worth $25,000. Abound Financial LLC bought a new stake in Bank of America during the fourth quarter worth about $26,000. Wiser Advisor Group LLC bought a new stake in Bank of America during the third quarter worth about $27,000. CrossGen Wealth LLC acquired a new stake in Bank of America during the fourth quarter worth about $30,000. Finally, Vermillion Wealth Management Inc. grew its stake in Bank of America by 199.1% during the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider's stock worth $32,000 after buying an additional 438 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America News Summary

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

• Positive Sentiment: Bank stocks are attracting capital as investors anticipate rising rates, which could support lending revenue and net interest income. Concerns about AI valuations are also encouraging a shift toward established financial companies. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: BAC joined 20 other financial institutions in planning a company to issue a U.S. dollar stablecoin in the first half of 2027. The initiative could give Bank of America a role in blockchain-based payments, liquidity and digital-asset infrastructure, although revenue benefits remain several quarters away. Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
• Positive Sentiment: Analysts and market commentary continue to highlight BAC’s valuation, with one estimate indicating approximately 31% potential upside based on intrinsic value. Institutional interest in dividend-paying financial stocks may provide additional support. Bank of America Stock May Be 31% Undervalued Despite Stablecoin Plans
• Neutral Sentiment: Bank of America says the search for yield is increasing demand for high-quality bonds and changing credit-risk management. The observation supports its fixed-income and investment-banking businesses but does not represent a specific earnings forecast. The hunt for yield is changing how investors trade credit
• Neutral Sentiment: Routine regulatory disclosures showed Merrill Lynch reducing indirect stakes in several Turkish companies. These transactions appear unrelated to BAC’s core operating outlook.
• Negative Sentiment: Berkshire Hathaway has reduced its Bank of America position for eight consecutive quarters, a source of potential selling pressure and a negative signal for investors who closely follow Berkshire’s portfolio decisions. Warren Buffett's Successor Greg Abel Started His Tenure With a Bang

Bank of America Stock Up 1.0%

BAC stock opened at $62.63 on Thursday. The firm has a 50-day moving average price of $61.45 and a 200-day moving average price of $55.08. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $437.93 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.08. The business had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. As a group, equities research analysts anticipate that Bank of America Corporation will post 4.68 EPS for the current fiscal year.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. This is a boost from Bank of America's previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. Bank of America's dividend payout ratio (DPR) is currently 25.69%.

Analyst Upgrades and Downgrades

BAC has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Bank of America from $64.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Oppenheimer downgraded shares of Bank of America from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their price objective on shares of Bank of America from $62.50 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods upped their target price on Bank of America from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Finally, Evercore set a $63.00 target price on Bank of America and gave the company an "outperform" rating in a report on Monday, July 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.08.

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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