Bank of America Corporation $BAC Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in Bank of America by 2.0% in Q4 to 11,840,325 shares (about 0.16% of the company), worth roughly $651.2 million.
• Bank of America reported $1.11 EPS for the quarter (beating estimates by $0.11) and revenue of $30.27 billion, up 10.7% year-over-year; the stock trades at a P/E of 13.15 with a market cap near $379.7 billion.
• The company declared a quarterly dividend of $0.28 (annualized $1.12, ~2.1% yield; ex-dividend June 5), while analysts hold a consensus "Moderate Buy" with an average target of about $61.02.

Swedbank AB grew its stake in shares of Bank of America Corporation (NYSE:BAC) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,840,325 shares of the financial services provider's stock after acquiring an additional 237,423 shares during the period. Swedbank AB owned about 0.16% of Bank of America worth $651,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meridian Wealth Management LLC lifted its position in shares of Bank of America by 54.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider's stock valued at $3,008,000 after acquiring an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. raised its position in shares of Bank of America by 15.9% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider's stock worth $32,482,000 after purchasing an additional 86,290 shares during the last quarter. World Equity Group Inc. raised its holdings in Bank of America by 21.8% in the 3rd quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider's stock valued at $3,779,000 after acquiring an additional 13,119 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in Bank of America in the 3rd quarter valued at $482,000. Finally, Mufg Securities Americas Inc. raised its holdings in Bank of America by 26.6% in the 3rd quarter. Mufg Securities Americas Inc. now owns 198,918 shares of the financial services provider's stock valued at $10,262,000 after acquiring an additional 41,809 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America News Roundup

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

• Positive Sentiment: Merrill’s wealth-advisor bench gets public recognition, reinforcing BofA’s lead in advisory distribution and brand strength — a steady source of fee revenue and client retention for BAC. 2,314 Merrill Advisors Recognized on the 2026 Forbes List
• Positive Sentiment: BofA Securities (Merrill Lynch Int’l) was appointed a joint corporate broker by Plus500 — a sign of dealflow and fee opportunities in BofA’s investment-banking franchise. Plus500 adds BofA Securities as joint corporate broker
• Positive Sentiment: Local partnership with the Portland Thorns names BofA as the club’s Official Wealth Management Partner — small near-term revenue impact but useful for brand, community outreach and HNW client pipeline. Portland Thorns announce Bank of America as partner
• Neutral Sentiment: Routine regulatory filing — BofA filed its latest 10-Q with the U.K. National Storage Mechanism (procedural update; watch for disclosures but not market-moving by itself). Bank of America Files Latest 10-Q
• Neutral Sentiment: BofA research commentary on topics from Take‑Two’s GTA6 pricing to midterms and tariffs illustrates the bank’s influence on sector views — useful for investors but not an immediate earnings driver for BAC itself. BofA on GTA 6 price point
• Negative Sentiment: BofA’s own market research has been cautionary — the firm warned Wall Street about stretched market internals and highlighted rate uncertainty — commentary that can weigh on bank multiples given sensitivity to interest rates and volatility. Bank of America issues blunt warning to Wall Street
• Negative Sentiment: Reporting and market stories flagged “rate uncertainty” as a drag on financial stocks broadly, a near-term headwind for BAC’s net interest income outlook and investor sentiment. BAC falls as rate uncertainty weighs on financials

Bank of America Trading Up 1.8%

Shares of BAC opened at $53.13 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $379.67 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The stock's fifty day simple moving average is $50.34 and its 200 day simple moving average is $52.47. Bank of America Corporation has a twelve month low of $40.56 and a twelve month high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last issued 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. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The business had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same period last year, the company posted $0.90 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Bank of America Corporation will post 4.46 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given 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 of this dividend is Friday, June 5th. Bank of America's dividend payout ratio is 27.72%.

Insider Buying and Selling

In related news, insider James P. Demare sold 83,832 shares of the company's stock in a transaction 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 completion of the sale, the insider directly owned 307,240 shares of the company's stock, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the sale, the insider directly owned 227,973 shares of the company's stock, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 227,832 shares of company stock valued at $11,094,960. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

BAC has been the subject of several analyst reports. TD Cowen cut their price target 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. Morgan Stanley lowered their price objective on shares of Bank of America from $67.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. UBS Group cut their target price on Bank of America from $67.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank of America in a research report on Friday, April 24th. Finally, Jefferies Financial Group increased their target price on Bank of America from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.02.

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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