Bank of America Corporation $BAC Holdings Increased by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. boosted its Bank of America stake by 118% in Q4 to 264,612 shares (about $14.6M), and institutional investors now own roughly 70.7% of BAC with other large moves including a ~$214M new stake by PFA Pension.
• Q1 beat and shareholder actions: BAC beat estimates (EPS $1.11 vs $1.00; revenue $30.27B vs $29.72B), is buying back shares aggressively (~$18.7B last 12 months) and extended its Alaska Air co‑brand, while analysts carry a consensus "Moderate Buy" with a $61.02 target.
• Insider sales and dividend: Insiders sold a total of 227,832 shares recently (insider ownership ~0.27%), and the company declared a $0.28 quarterly dividend (annualized $1.12, ~2.1% yield; ex‑dividend June 5).

Benjamin Edwards Inc. increased its holdings in Bank of America Corporation (NYSE:BAC) by 118.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,612 shares of the financial services provider's stock after purchasing an additional 143,221 shares during the quarter. Benjamin Edwards Inc.'s holdings in Bank of America were worth $14,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Composition Wealth LLC raised its holdings in shares of Bank of America by 2.3% in the 4th quarter. Composition Wealth LLC now owns 274,846 shares of the financial services provider's stock worth $15,117,000 after purchasing an additional 6,134 shares in the last quarter. Golden Road Advisors LLC bought a new stake in shares of Bank of America in the 4th quarter worth approximately $204,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Bank of America in the 4th quarter worth approximately $214,139,000. Horizon Investments LLC raised its holdings in shares of Bank of America by 103.4% in the 4th quarter. Horizon Investments LLC now owns 555,891 shares of the financial services provider's stock worth $30,574,000 after purchasing an additional 282,542 shares in the last quarter. Finally, Essex Bank raised its holdings in shares of Bank of America by 6.2% in the 4th quarter. Essex Bank now owns 12,593 shares of the financial services provider's stock worth $693,000 after purchasing an additional 738 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America News Roundup

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.

Insider Transactions at Bank of America

In related news, insider James P. Demare sold 83,832 shares of the business'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 transaction of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares of the company's stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider directly owned 227,973 shares in the company, valued at $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BAC. Truist Financial boosted their target price on shares of Bank of America from $57.00 to $61.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Erste Group Bank downgraded shares of Bank of America from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Piper Sandler boosted their target price on shares of Bank of America from $53.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th. HSBC boosted their target price on shares of Bank of America from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Finally, Oppenheimer boosted their target price on shares of Bank of America from $58.00 to $61.00 and gave the stock an "outperform" rating in a report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.02.

Bank of America Stock Performance

Bank of America stock opened at $53.28 on Friday. The firm's 50 day simple moving average is $50.34 and its 200-day simple moving average is $52.45. The company has a market cap of $380.75 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. 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 Corporation has a fifty-two week low of $40.56 and a fifty-two week high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. As a group, equities research analysts predict that Bank of America Corporation will post 4.46 EPS for the current year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America's dividend payout ratio (DPR) is 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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