Indivisible Partners Makes New $5.72 Million Investment in Bank of America Corporation $BAC

Key Points

• Indivisible Partners opened a new position in Bank of America, buying 103,935 shares worth about $5.72 million, while institutional investors now own roughly 70.71% of BAC and major funds (Vanguard, Capital World Investors, UBS AM) have recently increased holdings.
• Q1 results beat: BAC reported $1.11 EPS vs. $1.00 expected and $30.27B in revenue, and announced a $0.28 quarterly dividend (annualized $1.12, ~2.1% yield) payable June 26.
• Insider selling has been notable — 227,832 shares were sold by insiders over the last 90 days (about $11.09M), leaving corporate insiders with only 0.27% ownership.

Indivisible Partners purchased a new position in shares of Bank of America Corporation (NYSE:BAC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 103,935 shares of the financial services provider's stock, valued at approximately $5,716,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAC. 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% in the 3rd quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider's stock worth $2,266,045,000 after purchasing an additional 1,458,551 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America News Roundup

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

• Positive Sentiment: Merrill visibility and distribution — 2,314 Merrill advisors were named to Forbes’ 2026 Best‑in‑State Wealth Advisor lists (more than any other firm), underscoring franchise strength in high‑margin wealth management and potential for client inflows. 2,314 Merrill Advisors Recognized on the 2026 Forbes Best-in-State Wealth Advisor Lists
• Positive Sentiment: New community & distribution tie‑ups — a multi‑year partnership with the Portland Thorns names BofA as the club’s Official Wealth Management Partner, boosting local brand engagement and client acquisition channels for Merrill. Portland Thorns Announce Bank of America as Partner
• Positive Sentiment: Strategic positioning in tech/innovation — BofA hosted its Breakthrough Technology Dialogue in Singapore, signaling executive-level relationships with global tech leaders that can feed corporate banking, advisory and markets flow opportunities. Bank of America Convenes Global Leaders in Asia Pacific for its Breakthrough Technology Dialogue
• Neutral Sentiment: BofA Securities expands corporate broking reach — Plus500 added BofA Securities as a joint corporate broker, which supports investment‑banking flow but is not a material earnings driver on its own. Plus500 Adds BofA Securities as Joint Corporate Broker
• Neutral Sentiment: Regulatory/disclosure housekeeping — BofA filed its latest Form 10‑Q with the UK National Storage Mechanism; routine but required for transparency. Bank of America Files Latest 10-Q
• Neutral Sentiment: Broader market tailwind — a tentative cease‑fire in the Gulf eased oil prices and supported a wider market rally, which tends to lift cyclical bank stocks like BAC. Review & Preview: Earnings in Focus
• Negative Sentiment: Rate uncertainty remains a headwind — comments and analysis noting rate volatility and policy uncertainty have pressured financials at times, and analysts flagged this as weighing on BAC earlier. Bank of America Corporation (BAC) Falls as Rate Uncertainty Weighs on Financials
• Negative Sentiment: Firm warning on market froth — BofA has publicly cautioned about stretched equity conditions, which could signal more cautious positioning among institutional clients and dampen trading/markets activity if volatility returns. Bank of America Issues Blunt Warning to Wall Street on Stock Market

Insider Transactions at Bank of America

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business's stock in a transaction that occurred on 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 approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James P. Demare sold 83,832 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 227,832 shares of company stock valued at $11,094,960 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley dropped their target price on shares of Bank of America from $67.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. Wolfe Research downgraded shares of Bank of America from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 7th. Argus boosted their target price on shares of Bank of America from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. The Goldman Sachs Group boosted their target price on shares of Bank of America from $58.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Finally, HSBC boosted their target price on shares of Bank of America from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.02.

Bank of America Stock Performance

Bank of America stock opened at $53.13 on Wednesday. The firm's 50 day simple moving average is $50.34 and its 200-day simple moving average is $52.47. The company has a market cap 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 company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. Bank of America Corporation has a fifty-two week low of $40.56 and a fifty-two week high of $57.55.

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, topping the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion for 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%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. As a group, equities research analysts predict that Bank of America Corporation will post 4.46 EPS for the current year.

Bank of America Dividend Announcement

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

About Bank of America

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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