Bank of America Corporation $BAC Shares Sold by Sage Mountain Advisors LLC

Key Points

• Sage Mountain Advisors LLC cut its stake in Bank of America by 14.2% in Q4, selling 25,658 shares and leaving 155,475 shares valued at about $8.55 million.
• Bank of America topped Q1 expectations with EPS of $1.11 (vs. $1.00 estimate) on $30.27 billion of revenue, and recently paid a quarterly dividend of $0.28 per share (≈2.1% yield).
• Insiders sold material stock positions last quarter — including Thomas M. Scrivener (50,000 shares) and James P. Demare (83,832 shares) — totaling 227,832 shares worth about $11.1 million, leaving insiders with roughly 0.27% ownership.

Sage Mountain Advisors LLC lowered its stake in shares of Bank of America Corporation (NYSE:BAC) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,475 shares of the financial services provider's stock after selling 25,658 shares during the period. Sage Mountain Advisors LLC's holdings in Bank of America were worth $8,551,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Wiser Advisor Group LLC purchased a new position in shares of Bank of America in the 3rd quarter worth about $27,000. Steph & Co. grew its stake in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider's stock valued at $28,000 after buying an additional 379 shares in the last quarter. Legacy Bridge LLC grew its stake in shares of Bank of America by 182.3% in the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider's stock valued at $28,000 after buying an additional 330 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the third quarter valued at about $30,000. Finally, Collier Financial acquired a new stake in shares of Bank of America in the third quarter valued at about $30,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Bank of America

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

• Positive Sentiment: High-profile bullish commentary boosts investor confidence: Jim Cramer said Bank of America should deliver “solid” results heading into bank earnings, giving retail momentum a supportive narrative. Jim Cramer Says “Bank of America Will Be Solid”
• Positive Sentiment: Street expectations are constructive: previews suggest BAC could extend a long run of earnings beats (Benzinga highlights the possibility of a 15th straight beat), which supports upside if results and guidance beat. Bank of America Q1 Preview: Buffett's Favorite Bank Eyes 15th Straight Earnings Beat
• Neutral Sentiment: Key catalyst — Q1 earnings tomorrow: analysts and investors will parse NII, trading revenues, expenses and credit costs for signs of durable margin or credit deterioration; a clean beat could lift the stock, a soft print or cautious guidance could pressure it. What to expect from Bank of America's Q1 earnings?
• Neutral Sentiment: Income-focused angle: articles laying out dividend/option strategies remind income investors of BAC’s ~2% yield; useful for yield-seeking flows but unlikely to move the stock absent a payout change. How To Earn $500 A Month From Bank of America Stock Ahead Of Q1 Earnings
• Neutral Sentiment: Corporate update: a local leadership change (Oklahoma City president named) is operationally routine and has limited market impact. BofA Names Olena Lifset Oklahoma City President
• Negative Sentiment: An analyst move trimmed BAC’s price target by $5 while keeping a buy rating — that suggests some moderation in near-term upside expectations from that shop and can temper momentum. Bank of America (BAC) price target trimmed by $5, 'buy' rating maintained
• Negative Sentiment: Widening macro caution: Bank of America’s own fund-manager survey and sector commentary show investors cutting growth expectations and banks warning about economic and geopolitical risks; weaker macro sentiment can pressure cyclicals like banks if it persists. Investors Slash Growth Views by Most in Four Years, BofA Says
• Negative Sentiment: Sector-level caution despite trading strength: Reuters reports banks saw strong trading revenue but flagged client caution on economic risks—mixed results for trading may not fully offset credit/expense concerns. Banks show trading strength, caution on economic risk

Bank of America Trading Down 0.0%

NYSE:BAC opened at $53.34 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The business's 50 day moving average is $50.55 and its two-hundred day moving average is $52.22. Bank of America Corporation has a 52 week low of $36.49 and a 52 week high of $57.55. The company has a market cap of $381.15 billion, a PE ratio of 13.93, a P/E/G ratio of 0.93 and a beta of 1.23.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.11. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. On average, analysts predict that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued 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 was Friday, March 6th. Bank of America's dividend payout ratio (DPR) is currently 29.24%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BAC. Wolfe Research lowered Bank of America from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 7th. Piper Sandler increased their target price on Bank of America from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, January 15th. Oppenheimer lowered their price objective on Bank of America from $63.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, March 27th. Wall Street Zen upgraded Bank of America from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, Erste Group Bank lowered Bank of America from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.10.

Insiders Place Their Bets

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 227,973 shares of the company's stock, valued at $11,357,614.86. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 227,832 shares of company stock valued at $11,094,960 in the last quarter. Insiders own 0.27% of the company's stock.

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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