Investment Research Partners LLC Buys Shares of 13,049 Bank of America Corporation $BAC

Key Points

• Investment Research Partners LLC established a new position in Bank of America by purchasing 13,049 shares in Q3 (about $686,000), joining other institutions that raised stakes and leaving institutional ownership near 70.7%.
• Corporate insiders have been net sellers, offloading 227,832 shares (≈$11.09 million) over the last three months, leaving insiders with roughly 0.30% ownership.
• Wall Street is broadly positive—Bank of America has an average analyst rating of “Moderate Buy” with an average price target of $60.30—and the company declared a quarterly dividend of $0.28 (2.4% yield, ex-dividend March 6).

Investment Research Partners LLC purchased a new position in Bank of America Corporation (NYSE:BAC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 13,049 shares of the financial services provider's stock, valued at approximately $686,000.

Other hedge funds also recently modified their holdings of the company. Permanent Capital Management LP acquired a new stake in Bank of America in the 3rd quarter worth $649,000. Meridian Wealth Management LLC raised its position 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 buying an additional 20,591 shares during the last quarter. Lockheed Martin Investment Management Co. raised its position 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 buying an additional 86,290 shares during the last quarter. World Equity Group Inc. lifted its stake in shares of Bank of America by 21.8% in 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 buying an additional 13,119 shares during the period. Finally, AdvisorShares Investments LLC bought a new stake in shares of Bank of America in the third quarter valued at about $482,000. 70.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BAC shares. JPMorgan Chase & Co. boosted their price target on Bank of America from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank of America in a research report on Tuesday, January 27th. The Goldman Sachs Group lifted their price objective on Bank of America from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, January 26th. Oppenheimer boosted their price objective on Bank of America from $55.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, December 18th. Finally, Wells Fargo & Company upped their target price on Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Bank of America currently has an average rating of "Moderate Buy" and an average price target of $60.30.

Insiders Place Their Bets

In other news, insider Thomas M. Scrivener sold 50,000 shares of the business's stock in a transaction on 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 sale, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 227,832 shares of company stock worth $11,094,960 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Bank of America Stock Down 1.0%

Shares of BAC opened at $46.79 on Thursday. 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 company has a 50-day moving average price of $51.95 and a two-hundred day moving average price of $52.40. The stock has a market cap of $335.78 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.15 and a beta of 1.28. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the company posted $0.82 EPS. The company's revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, March 6th. Bank of America's dividend payout ratio is 29.24%.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America raised its hyperscaler debt forecast — more large tech bond issuance (e.g., Amazon’s $54B deal) could lift investment‑banking and markets fees. BofA Lifts Hyperscaler Debt Forecast
• Positive Sentiment: BofA updated oil/energy views after a supply shock — the bank now expects higher Brent prices for 2026, which can boost corporate activity and trading revenue tied to energy clients. Oil shock lifts BofA outlook on US energy
• Positive Sentiment: Digital experience strength — Keynova’s Q1 mobile scorecard ties Bank of America for the No.1 mobile app, supporting its consumer franchise and deposit retention. Banks Strengthen Mobile Account Opening
• Positive Sentiment: Management outreach: BAC presented at the RBC conference emphasizing strategic priorities and a constructive outlook — useful for investors assessing guidance and capital deployment. BAC Presents at RBC Conference
• Neutral Sentiment: BofA research remains bullish on Nvidia and is recommending buying NVDA on dips — positive for BofA’s research reputation and potential trading flows but not a direct driver of BAC operating results. BofA Still Loves Nvidia
• Neutral Sentiment: BofA flagged opportunities amid private‑credit turmoil (Ares saw gains after the note) — the commentary highlights both risk monitoring and potential asset‑management opportunities. Ares Stock Pops
• Neutral Sentiment: BofA disclosed voting‑stake movement in Galapagos (fell below 5%) — a regulatory/holding update with limited direct impact on BAC’s core business. Galapagos Discloses BofA Stake Drop
• Negative Sentiment: Sector weakness: multiple outlets note bank stocks (including BAC) sliding as private‑credit worries act as a canary for broader credit stress — this is a direct driver of today’s share weakness. Bank Stocks Are the Canary
• Negative Sentiment: Epstein settlement focus raises governance and valuation scrutiny — any legal/settlement headlines increase investor caution around reputational and governance risks. Epstein Settlement Puts BofA Valuation And Governance In Focus
• Negative Sentiment: Executive movement: Elavon named a new CEO who was recruited from Bank of America — the departure of a payments/merchant‑services leader is a small negative for continuity in that business line. Elavon Picks BofA Vet Wally Mlynarski

Bank of America Company 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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