Harel Insurance Investments & Financial Services Ltd. Acquires 1,334,070 Shares of Bank of America Corporation $BAC

Key Points

• Harel Insurance boosted its Bank of America stake by 2,256% in the quarter, buying 1,334,070 shares to hold 1,393,205 shares worth about $76.62 million.
• Bank of America reported quarterly EPS of $1.11 (beat consensus $1.00) and $30.27B in revenue (up 10.7% YoY), and analysts rate the stock a Moderate Buy with a consensus price target of $61.02.
• The bank declared a quarterly dividend of $0.28 (annualized $1.12, ~2.1% yield) payable June 26 (ex-dividend June 5); the stock trades near $53 with a market cap around $380 billion and a P/E of ~13.1.

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 2,256.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,393,205 shares of the financial services provider's stock after purchasing an additional 1,334,070 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Bank of America were worth $76,623,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Meridian Wealth Management LLC lifted its stake in shares of Bank of America by 54.6% during the third 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. lifted its stake in shares of Bank of America by 15.9% during the third quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider's stock valued at $32,482,000 after acquiring an additional 86,290 shares during the period. World Equity Group Inc. lifted its stake in shares of Bank of America by 21.8% during the third 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 period. AdvisorShares Investments LLC acquired a new position in shares of Bank of America during the third quarter valued at $482,000. Finally, Mufg Securities Americas Inc. lifted its stake in shares of Bank of America by 26.6% during the third 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 period. Institutional investors own 70.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BAC shares. Piper Sandler upped their price target on Bank of America from $53.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 16th. Oppenheimer upped their price target on Bank of America from $58.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. Truist Financial upped their price target on Bank of America from $57.00 to $61.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $59.00 price target on shares of Bank of America in a research note on Thursday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Bank of America from $61.50 to $57.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 7th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Bank of America currently has an average rating of "Moderate Buy" and a consensus price target of $61.02.

Bank of America Trading Up 1.8%

NYSE:BAC opened at $53.13 on Wednesday. Bank of America Corporation has a 1-year low of $40.56 and a 1-year high of $57.55. The business's 50-day moving average price is $50.34 and its two-hundred day moving average price is $52.47. 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 price-to-earnings ratio of 13.15, a PEG ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating 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 firm had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The company's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Bank of America Corporation will post 4.46 earnings per share for the current year.

Bank of America Dividend Announcement

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

More Bank of America News

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

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the transaction, the insider owned 170,184 shares of the company's stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the transaction, the insider directly owned 227,973 shares in the company, valued at $11,357,614.86. The trade was a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 227,832 shares of company stock valued at $11,094,960. 0.27% of the stock is currently owned by company insiders.

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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