Bank of America Corporation $BAC Stock Position Increased by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management LLC increased its stake in Bank of America by 24.6% in Q4, buying an additional 9,455 shares to hold 47,927 shares worth about $2.64 million.
• Bank of America topped Q1 expectations with EPS $1.11 vs. $1.00 and revenue of $30.27B, while extending its Alaska Air co‑brand deal and executing roughly $18.7B of buybacks over the past 12 months to support EPS.
• Analysts have a consensus rating of "Moderate Buy" with an average target of $61.02, and the firm recently declared a $0.28 quarterly dividend (annualized yield ~2.1%).

Robertson Stephens Wealth Management LLC boosted its position in Bank of America Corporation (NYSE:BAC) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,927 shares of the financial services provider's stock after purchasing an additional 9,455 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Bank of America were worth $2,636,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Bank of America by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider's stock worth $35,809,225,000 after purchasing an additional 23,351,183 shares in the last quarter. Capital World Investors raised its holdings in shares of Bank of America by 11.0% in the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Bank of America by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider's stock worth $2,717,657,000 after purchasing an additional 1,272,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Bank of America by 640.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider's stock worth $2,399,798,000 after purchasing an additional 40,235,201 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Bank of America by 3.4% during the third quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider's stock valued at $2,266,045,000 after acquiring an additional 1,458,551 shares during the period. 70.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BAC. Jefferies Financial Group boosted their price target on shares of Bank of America from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Wells Fargo & Company boosted their price target on shares of Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, January 5th. Keefe, Bruyette & Woods boosted their price target on shares of Bank of America from $63.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Piper Sandler boosted their price target on shares of Bank of America from $53.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Finally, TD Cowen cut their price target on shares of Bank of America from $66.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday, January 15th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Bank of America has a consensus rating of "Moderate Buy" and an average target price of $61.02.

Bank of America Stock Performance

BAC stock opened at $53.28 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $380.75 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 0.90 and a beta of 1.21. Bank of America Corporation has a 12 month low of $40.56 and a 12 month high of $57.55. The firm has a 50 day moving average of $50.34 and a two-hundred day moving average of $52.45.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion during 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%. Bank of America's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. As a group, equities analysts anticipate that Bank of America Corporation will post 4.46 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Bank of America's dividend payout ratio is 27.72%.

Key Headlines Impacting Bank of America

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 Buying and Selling at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares of the company's stock, valued at $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 227,832 shares of company stock valued at $11,094,960 in the last ninety days. Company 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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