Concurrent Investment Advisors LLC Purchases 442,720 Shares of Bank of America Corporation $BAC

Key Points

• Concurrent Investment Advisors LLC boosted its stake in Bank of America by 117.6%, buying 442,720 shares in Q4 to hold 819,094 shares worth $45.05 million, making BAC its 29th largest position (~0.5% of the firm's holdings).
• Company insiders have been net sellers recently: Bernard A. Mensah sold 94,000 shares (avg. $46.94) and Thomas M. Scrivener sold 50,000 shares (avg. $49.82), with insiders offloading 227,832 shares (~$11.09M) in the past 90 days and now owning 0.27% of the stock.
• Analyst sentiment is broadly positive—multiple firms raised price targets and the consensus is a "Moderate Buy" with an average target of $60.90—after BofA beat Q1 EPS estimates ($1.11 vs. $1.00) and declared a quarterly dividend of $0.28 per share.

Concurrent Investment Advisors LLC increased its position in shares of Bank of America Corporation (NYSE:BAC) by 117.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 819,094 shares of the financial services provider's stock after buying an additional 442,720 shares during the period. Bank of America accounts for approximately 0.5% of Concurrent Investment Advisors LLC's holdings, making the stock its 29th biggest position. Concurrent Investment Advisors LLC's holdings in Bank of America were worth $45,050,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider's stock valued at $4,785,000 after purchasing an additional 25,143 shares during the period. Sivia Capital Partners LLC boosted its holdings in Bank of America by 40.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock valued at $1,013,000 after purchasing an additional 6,174 shares during the period. Jump Financial LLC boosted its holdings in Bank of America by 38.4% in the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider's stock valued at $3,108,000 after purchasing an additional 18,227 shares during the period. Nebula Research & Development LLC bought a new stake in Bank of America in the 2nd quarter valued at $1,396,000. Finally, Vivaldi Capital Management LP boosted its holdings in Bank of America by 4.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider's stock valued at $417,000 after purchasing an additional 355 shares during the period. 70.71% of the stock is owned by institutional investors.

Insider Activity at Bank of America

In related news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares of the company's stock, valued at $7,988,436.96. This trade represents a 35.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America 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 transaction, the insider directly owned 227,973 shares of the company's stock, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 227,832 shares of company stock valued at $11,094,960 in the last ninety days. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BAC. Argus increased their price target on shares of Bank of America from $59.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Barclays increased their price target on shares of Bank of America from $59.00 to $71.00 and gave the company an "overweight" rating in a report on Monday, January 5th. Robert W. Baird increased their price target on shares of Bank of America from $56.00 to $58.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Jefferies Financial Group increased 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. Finally, The Goldman Sachs Group increased their price target on shares of Bank of America from $58.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued 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 $60.90.

Trending Headlines about Bank of America

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

• Positive Sentiment: Board declared a quarterly cash dividend of $0.28 per share (payable June 26, 2026; record date June 5), reinforcing capital return to shareholders and supporting yield-focused demand. Bank of America Declares Second Quarter 2026 Stock Dividends
• Positive Sentiment: Jefferies reiterated a Buy and raised its price target to $65 following BofA’s strong Q1 results—an analyst endorsement that can support upside in the stock. This Is Why Jefferies Believes Bank of America Corporation (BAC) Is a Buy
• Positive Sentiment: High-profile investor endorsement persists: coverage notes that Berkshire/Warren Buffett continues to hold BAC, a long‑running vote of confidence for long-term investors. Bank of America (BAC) Remains in Warren Buffett’s Portfolio Since 2011; See Why
• Positive Sentiment: Industry context: Forbes reports that the largest U.S. banks returned record capital (dividends + buybacks) in Q1 — a favorable backdrop for BAC and investor appetite for bank equities. America's 8 Biggest Banks Are Returning Record Capital To Shareholders
• Neutral Sentiment: BofA research highlighted that a simple balanced “Sleep Like a Baby” portfolio is having a historic year — a market commentary item that showcases the bank’s analytics but is not direct company-specific news. The ‘Sleep Like a Baby’ Portfolio Is Having a Historic Year, Says BofA
• Neutral Sentiment: Macro/market note: Bloomberg coverage on collapsing volatility and renewed carry trades signals lower market stress and improved risk appetite — a backdrop that can lift banking fees/trading over time but is not an immediate company catalyst. Collapsing Volatility Turbocharges Returns in Carry Trades
• Neutral Sentiment: Corporate social/branding item: BofA awarded art conservation grants across multiple countries — positive for reputation but unlikely to move near-term stock performance. Historic Artworks Receive Funding through BofA's Art Conservation Project™
• Negative Sentiment: Bank of America materially trimmed its stake in Austrian property firm CA Immobilien Anlagen to 0.22% — a small, company-specific sell action that may signal portfolio rebalancing or risk reduction (likely immaterial to BAC’s fundamentals but interpreted negatively by some traders). Bank of America Slashes Stake in CA Immobilien Anlagen to 0.22%

Bank of America Trading Down 0.8%

Shares of BAC stock opened at $52.04 on Friday. Bank of America Corporation has a 52-week low of $38.81 and a 52-week high of $57.55. The stock has a market cap of $371.87 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.89 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $50.33 and a 200-day moving average of $52.33.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.11. The company had revenue of $30.27 billion during the quarter, compared to analysts' expectations of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. On average, equities research analysts forecast that Bank of America Corporation will post 4.45 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America's dividend payout ratio (DPR) is currently 27.72%.

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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