Legacy Wealth Management LLC MS Acquires 11,395 Shares of Bank of America Corporation $BAC

Key Points

• Legacy Wealth Management LLC MS raised its Bank of America stake by 17.4%, buying 11,395 shares to hold 76,818 shares valued at about $4.225 million, roughly 1.1% of its portfolio and its 18th largest holding.
• Quarterly results and dividend: BAC reported $0.98 EPS vs. $0.96 consensus with revenue up 12.3% year‑over‑year, and declared a $0.28 quarterly dividend (annualized $1.12, ~2.4% yield).
• Significant insider selling: Insiders sold 227,832 shares worth roughly $11.09 million last quarter, including Thomas M. Scrivener (50,000 shares) and James P. Demare (83,832 shares), leaving insiders with a 0.30% ownership stake.

Legacy Wealth Management LLC MS increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,818 shares of the financial services provider's stock after buying an additional 11,395 shares during the period. Bank of America accounts for about 1.1% of Legacy Wealth Management LLC MS's investment portfolio, making the stock its 18th biggest holding. Legacy Wealth Management LLC MS's holdings in Bank of America were worth $4,225,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in shares of Bank of America in the 3rd quarter valued at $27,000. Steph & Co. grew its stake in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider's stock worth $28,000 after purchasing an additional 379 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Bank of America during the third quarter worth $30,000. Collier Financial bought a new stake in Bank of America in the third quarter valued at about $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Bank of America in the third quarter valued at about $31,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Trading Up 0.3%

NYSE BAC opened at $46.99 on Friday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $337.20 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.14 and a beta of 1.28. The stock's 50-day moving average is $51.77 and its 200-day moving average is $52.36.

Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) 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 business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the firm earned $0.82 EPS. Bank of America's quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

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

Analyst Ratings Changes

BAC has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on Bank of America from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, January 15th. Daiwa Securities Group cut their price target on shares of Bank of America from $66.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, January 27th. Morgan Stanley reduced their price objective on shares of Bank of America from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday, January 15th. Barclays boosted their price objective 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. Finally, Oppenheimer upped their target price on shares of Bank of America from $55.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, December 18th. Twenty-one investment 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 stock currently has an average rating of "Moderate Buy" and an average target price of $60.30.

Key Bank of America News

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

• Positive Sentiment: Digitization and AI initiatives at BAC are highlighted as revenue drivers — management’s push on digital interactions and AI cross‑selling is presented as unlocking fee income and supporting revenue growth beyond cost cuts, a direct positive for margins and investor confidence. Bank of America's Digitization Initiatives Unlocking Revenue Growth
• Positive Sentiment: Consumer payment promotion with Visa: BofA launched a sweepstakes for Visa cardholders tied to the FIFA World Cup, a marketing push that can boost card activation, spend and interchange revenue in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Positive Sentiment: Mobile banking competitive position: Third‑party scorecard shows Bank of America tied for best mobile app, which supports customer retention, deposit growth and fee opportunities. Banks Strengthen Mobile Account Opening and Debit Card Controls
• Neutral Sentiment: Quarterly reporting calendar set: BofA announced its 4Q26 and 2027 quarterly reporting dates — useful for investors planning earnings/event timing but not a direct earnings surprise. Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Investor outreach: BAC presented at the RBC conference (investor presentation may clarify guidance/strategy but is already priced in unless new disclosures appear). Bank of America Corporation (BAC) Presents at RBC Conference, Here’s What You Need to Know
• Neutral Sentiment: BofA research activity: The firm continues active, bullish research coverage across tech names (e.g., Nvidia, TSM), which underscores BAC’s role as a major trading and underwriting franchise but is indirect for BAC’s own fundamentals. Nvidia Gets Fresh Boost As BofA Stays Bullish
• Negative Sentiment: Macroeconomic/inflation risk: The Fed left rates steady but flagged higher inflation, prompting analyst notes that bank earnings could be pressured near term — this broader macro signal is weighing on BAC and other bank stocks. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Reputational/legal scrutiny: Coverage of an Epstein‑related settlement highlights governance and valuation questions tied to historic relationships and could keep scrutiny on BAC’s disclosures and potential liabilities. Epstein Settlement Puts Bank Of America Valuation And Governance In Focus
• Negative Sentiment: Sector risk from private credit concerns: Analysts flag stress in private credit and alternative asset managers as a reason for bank stock weakness; BAC could be impacted via capital markets and trading revenue volatility. Bank Stocks Are the Canary in the Recession Coal Mine. It's Not Time to Worry—Yet

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 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the company's stock in a transaction on 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 transaction, the insider directly owned 307,240 shares of the company's stock, valued at approximately $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 sold 227,832 shares of company stock valued at $11,094,960 over the last quarter. Corporate insiders own 0.30% of the company's stock.

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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