Marvin & Palmer Associates Inc. Makes New $3.47 Million Investment in Bank of America Corporation $BAC

Key Points

• Marvin & Palmer Associates Inc. bought a new stake of 65,002 shares in Bank of America valued at about $3.47 million, making it 3.0% of the firm's portfolio and its 12th-largest holding.
• Bank of America reported $0.98 EPS for the quarter versus $0.96 expected, with revenue up 12.3% year‑over‑year, and analysts forecast roughly 3.7 EPS for the fiscal year.
• The company declared a quarterly dividend of $0.28 per share (annualized $1.12, ~2.3% yield; ex-dividend March 6, payable March 27), while insiders sold large blocks of shares (50,000 and 83,832) in early March.

Marvin & Palmer Associates Inc. bought a new stake in Bank of America Corporation (NYSE:BAC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 65,002 shares of the financial services provider's stock, valued at approximately $3,474,000. Bank of America comprises 3.0% of Marvin & Palmer Associates Inc.'s investment portfolio, making the stock its 12th biggest position.

A number of other large investors also recently made changes to their positions in the company. Steph & Co. boosted its stake in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 379 shares during the period. Marquette Asset Management LLC bought a new position in Bank of America during the 3rd quarter worth $30,000. Collier Financial bought a new position in Bank of America during the 3rd quarter worth $30,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Bank of America during the third quarter worth $31,000. Finally, Wealth Preservation Advisors LLC boosted its position in shares of Bank of America by 48.7% in the second quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 223 shares during the period. Institutional investors own 70.71% of the company's stock.

Bank of America Stock Down 2.3%

BAC stock opened at $48.68 on Friday. The company has a market cap of $349.36 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.28. The business has a 50-day simple moving average of $53.27 and a 200 day simple moving average of $52.52. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

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

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. Bank of America's dividend payout ratio (DPR) is currently 29.24%.

Insider Activity at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the company's 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 completion of the sale, the insider directly owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James P. Demare sold 83,832 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value 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. This represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Friday, December 12th. Wolfe Research downgraded shares of Bank of America from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 7th. CICC Research started coverage on shares of Bank of America in a research report on Wednesday, January 14th. They set an "outperform" rating and a $62.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Bank of America from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. Finally, Argus lifted their price target on shares of Bank of America from $58.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.30.

Bank of America News Summary

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

• Positive Sentiment: Analyst buy thesis: BAC is described as “slipping back into the buy zone” — trading at ~12.5x trailing earnings (below its 10-year average) with a multiyear tailwind from net interest margin expansion as low‑yielding assets reprice, supporting operating leverage and returns. Bank Of America: Slipping Back Into The 'Buy' Zone
• Positive Sentiment: Dividend & income angle: Coverage argues BAC remains attractive for dividend-seeking portfolios — an important point for income investors given the bank’s payout and current yield profile. Bank of America (BAC) Could Be a Great Choice
• Positive Sentiment: Wealth-management product expansion: Bank of America Private Bank launched an Art Consulting service — a niche revenue/relationship initiative that modestly diversifies fee income and deepens HNW client ties. Bank Of America Art Consulting Adds Dimension To Wealth And Valuation Story
• Neutral Sentiment: Underwriting / investment-banking activity: BofA Securities is lead in SM Energy’s $1bn senior notes offering — a reminder of recurring fee revenue from capital markets, but not large enough alone to swing BAC’s stock. Vinson & Elkins Advises Initial Purchasers on SM Energy’s $1 Billion Senior Notes Offering
• Neutral Sentiment: Shareholder / holdings disclosure: Galapagos filed transparency notices showing Bank of America entities crossed a reporting threshold — operational detail about holdings rather than a direct signal about BAC’s performance. Galapagos Receives Transparency Notifications from Bank of America
• Negative Sentiment: Geopolitical / market risk: BofA strategists warn that a prolonged U.S.–Iran war could push investors out of Europe and Japan into oil and the dollar — a macro shock that raises volatility and can hurt banks via risk‑off flows, trading losses, or credit stress. BofA’s Hartnett Sees European, Japanese Stocks at Risk From War
• Negative Sentiment: Market sentiment cooling: Coverage noting that recent BAC share momentum has cooled and valuation dynamics are being reassessed — this sort of reassessment can trigger short‑term selling even if fundamentals remain intact. Assessing Bank Of America (BAC) Valuation As Recent Share Momentum Cools
• Negative Sentiment: Sector rotation commentary: Bank of America research and market pieces (and consequent media coverage) around selling oil stocks and shifting sector preferences signal rotation and positioning changes that can temporarily depress financial shares amid heightened commodity and FX volatility. Bank of America (BAC) Is Telling Investors to Sell Oil Stocks as Crude Prices Soar. Here’s Why

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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