KTF Investments LLC Purchases Shares of 18,151 Bank of America Corporation $BAC

Key Points

• KTF Investments purchased a new stake of 18,151 shares of Bank of America in the fourth quarter, valued at approximately $998,000.
• BAC beat Q1 expectations with EPS $1.11 (vs. $1.00 est.) and revenue $30.27B (vs. $29.72B), and the company announced a quarterly dividend of $0.28 per share (2.1% yield).
• Institutional investors own about 70.71% of Bank of America, with major funds (e.g., Vanguard, Capital World Investors) adding large positions, and analysts hold a "Moderate Buy" consensus with an average target of $60.90.

KTF Investments LLC purchased a new stake in shares of Bank of America Corporation (NYSE:BAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,151 shares of the financial services provider's stock, valued at approximately $998,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Bank of America by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider's stock valued at $35,809,225,000 after purchasing an additional 23,351,183 shares in the last quarter. Capital World Investors lifted its holdings in Bank of America by 11.0% during the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Bank of America by 2.5% during the third quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider's stock valued at $2,717,657,000 after buying an additional 1,272,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Bank of America by 640.5% during the third 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 valued at $2,399,798,000 after buying an additional 40,235,201 shares during the last quarter. Finally, Legal & General Group Plc raised its position 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 buying an additional 1,458,551 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company's stock.

Bank of America News Summary

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

• Positive Sentiment: Q1 earnings beat and revenue growth — BAC reported stronger-than-expected Q1 results (EPS $1.11 vs. $1.00 est.; revenue $30.27B vs. $29.72B), underscoring core margin and net interest benefits that support the stock's medium-term outlook.
• Positive Sentiment: Buy-rated among bank picks after Q1 — Sector-focused pieces are highlighting BAC as one of the investment-bank/top-bank names to buy after solid Q1 results and upbeat outlooks for capital markets and AI-driven efficiency gains. Buy These 3 Investment Bank Giants After Solid Q1 Earnings and Outlook
• Positive Sentiment: “Sleep like a baby” portfolio performance signal — Coverage noting that BofA’s flagship client portfolios are having exceptional returns this year boosts sentiment around the bank’s asset-gathering and wealth-management franchises. Bank of America's 'sleep like a baby' portfolio is having its best year since 1933
• Neutral Sentiment: Analyst activity at BofA Securities (broader franchise signals) — BofA analysts remain active on large-cap tech/defense/consumer names (e.g., NVDA, Lockheed, Wendy’s), which signals a healthy research franchise but is indirect for BAC equity performance. ‘Top Sector Pick’ as Nvidia (NVDA) Eyes Higher Cash Returns, Says BofA Analyst
• Neutral Sentiment: BofA research notes and trade ideas — Publications including a preferreds pair-trade idea and other notes highlight product-level opportunities for institutional clients; useful for franchise revenue but not an immediate mover for BAC stock. Bank of America Preferreds Pair Trade Idea
• Negative Sentiment: Short-term volatility and valuation pressure — Recent coverage highlights a modest pullback/short-term weakness after the post-earnings run, with commentators reassessing valuation (the stock has shown intraday/week declines amid volatility), which can cap near-term upside. A Look At Bank Of America (BAC) Valuation After Recent Share Price Swings
• Negative Sentiment: Macro/technical risk around rates and moving averages — Commentary notes BAC trading near key technical levels (50- and 200-day moving averages) and sensitivity to rate moves; adverse rate or market shifts could pressure earnings multiples and the stock.

Bank of America Stock Up 1.2%

NYSE BAC opened at $52.68 on Tuesday. 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 fifty day moving average of $50.33 and a two-hundred day moving average of $52.38. The firm has a market capitalization of $376.40 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.88 and a beta of 1.23. Bank of America Corporation has a 52 week low of $38.81 and a 52 week high of $57.55.

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 EPS for the quarter, topping the consensus estimate of $1.00 by $0.11. The company had revenue of $30.27 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.90 earnings per share. On average, analysts predict that Bank of America Corporation will post 4.45 earnings per share for the current year.

Bank of America Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on BAC. Wolfe Research cut shares of Bank of America from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. Barclays lifted their price objective on shares of Bank of America from $59.00 to $71.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. Piper Sandler lifted their price objective on shares of Bank of America from $53.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. UBS Group reduced their price objective on shares of Bank of America from $67.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.90.

Insiders Place Their Bets

In other Bank of America news, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction 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 completion of the transaction, the insider directly owned 307,240 shares of the company's stock, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction on Thursday, March 5th. The stock was 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. The trade was 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 over the last three months. 0.27% of the stock is owned by company insiders.

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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