Bank of America Corporation $BAC Shares Acquired by Nilsine Partners LLC

Key Points

• Nilsine Partners LLC more than doubled its Bank of America stake in the second quarter, increasing holdings by 115% to 81,096 shares valued at approximately $4.62 million.
• Institutional ownership remains substantial at 70.71%, with several major investors—including Norges Bank, Legal & General, and Deutsche Bank—recently establishing sizable positions.
• Bank of America reported stronger-than-expected quarterly results, with EPS of $1.21 and revenue of $31.56 billion, while raising its quarterly dividend to $0.32 per share. Analysts maintain a “Moderate Buy” consensus and an average price target of $64.08.

Nilsine Partners LLC lifted its holdings in Bank of America Corporation (NYSE:BAC) by 115.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,096 shares of the financial services provider's stock after purchasing an additional 43,369 shares during the quarter. Nilsine Partners LLC's holdings in Bank of America were worth $4,621,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BAC. Norges Bank acquired a new stake in Bank of America in the fourth quarter worth about $4,774,210,000. Legal & General Group Plc acquired a new position in Bank of America during the 2nd quarter valued at about $2,571,060,000. Capital International Investors acquired a new position in Bank of America during the 4th quarter valued at about $2,357,461,000. Deutsche Bank AG bought a new stake in shares of Bank of America during the 2nd quarter worth about $2,359,172,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Bank of America during the 2nd quarter worth about $2,313,953,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America joined 20 financial institutions forming a company that plans to issue a U.S.-dollar stablecoin in 2027. The initiative could strengthen BAC’s position in digital payments and blockchain-based financial services, although any revenue benefit is longer term. Bank of America (BAC), What Is Behind The Fresh Attention?
• Positive Sentiment: Unusual options activity showed investors purchasing 362,697 BAC call options, 172% above average daily volume. The activity signals heightened bullish speculation, though options positioning can increase volatility and does not guarantee fundamental upside.
• Positive Sentiment: Brokerage coverage continues to lean favorable, with analysts assigning BAC a consensus “Moderate Buy” rating. The constructive view supports the stock’s recent momentum. Bank of America Corporation Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: BAC announced plans to redeem $2 billion of U.S.-dollar senior notes and CAD1.425 billion of Canadian-dollar senior notes on September 15. The transactions represent routine liability management and may improve funding efficiency, but they are not expected to materially change near-term earnings. Bank of America Announces U.S. Note Redemptions
• Negative Sentiment: A technical-market warning noted that Wall Street positioning in BAC and broader equities has reached an extreme. That raises the risk of profit-taking or a pullback despite the bank’s recent outperformance. Bank of America's New Warning Should Concern Stock Investors

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BAC. Wells Fargo & Company upped their price target on shares of Bank of America from $67.00 to $69.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. UBS Group raised their price objective on shares of Bank of America from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Morgan Stanley boosted their target price on Bank of America from $61.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Citigroup upped their target price on Bank of America from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Truist Financial increased their price target on Bank of America from $64.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Bank of America has a consensus rating of "Moderate Buy" and an average target price of $64.08.

Bank of America Stock Performance

NYSE:BAC opened at $62.64 on Friday. Bank of America Corporation has a twelve month low of $46.12 and a twelve 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 company has a 50-day moving average of $61.64 and a 200-day moving average of $55.21. The firm has a market cap of $438.03 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.15.

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

Bank of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.0%. This is a positive change 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 presently 25.69%.

About Bank of America

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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