Osmosis Investment Management UK Ltd Makes New Investment in Bank of America Corporation $BAC

Key Points

• Osmosis Investment Management acquired 226,132 Bank of America shares during the second quarter, worth approximately $12.9 million. Institutional investors collectively own 70.71% of BAC.
• Analysts maintain a generally positive outlook, with 21 Buy ratings and six Holds, producing a consensus “Moderate Buy” rating and a $64.08 price target.
• Bank of America exceeded quarterly earnings and revenue expectations, while increasing its quarterly dividend from $0.28 to $0.32 per share, equivalent to a 2.1% annualized yield.

Osmosis Investment Management UK Ltd bought a new stake in shares of Bank of America Corporation (NYSE:BAC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 226,132 shares of the financial services provider's stock, valued at approximately $12,885,000.

A number of other hedge funds also recently modified their holdings of the business. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America during the second quarter worth approximately $25,000. Abound Financial LLC acquired a new position in Bank of America in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC purchased a new stake in Bank of America in the 3rd quarter worth approximately $27,000. CrossGen Wealth LLC acquired a new stake in shares of Bank of America during the 4th quarter valued at $30,000. Finally, Joseph Group Capital Management acquired a new stake in shares of Bank of America during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 70.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank of America in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their target price on Bank of America from $59.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Evercore set a $63.00 target price on Bank of America and gave the stock an "outperform" rating in a research report on Monday, July 6th. Oppenheimer downgraded Bank of America from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. lifted their price target on Bank of America from $62.50 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Bank of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.08.

Bank of America Stock Down 0.3%

BAC stock opened at $62.26 on Thursday. The firm has a market cap of $435.37 billion, a PE ratio of 14.28, a PEG ratio of 1.00 and a beta of 1.17. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a fifty day simple moving average of $60.96 and a 200 day simple moving average of $54.83. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC - Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm had revenue of $31.56 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. Sell-side analysts anticipate that Bank of America Corporation will post 4.68 EPS for the current fiscal year.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Bank of America's previous quarterly dividend of $0.28. Bank of America's payout ratio is currently 25.69%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America’s approximately $40 billion share-repurchase authorization could retire as much as 11% of outstanding shares, potentially supporting earnings per share and providing a valuation floor. The buyback is particularly notable following the company’s recent earnings beat and 19.6% year-over-year revenue growth. Bank of America stock information
• Positive Sentiment: Bank of America analysts continue to influence investor views on artificial intelligence, semiconductors and global markets. Positive calls on Nvidia and SK Hynix reinforce the bank’s research franchise and could support investment-banking and trading activity, although these reports do not directly change BAC’s fundamentals. BofA analyst Nvidia outlook
• Neutral Sentiment: The bank issued several senior unsecured medium-term notes in August, including bonds maturing from 2029 through 2046. The issuance adds funding and liquidity but also increases interest expense and leverage, making the net shareholder impact dependent on how the proceeds are used. Bank of America debt issuance and AI research
• Negative Sentiment: SEC subpoenas involving major prime brokers, including Bank of America, create a regulatory overhang. The investigation focuses on leverage and risk controls tied to a heavily leveraged hedge fund; while immediate solvency risk appears limited, tighter margin rules could reduce trading activity and raise compliance costs. SEC subpoena and banking-sector liquidity analysis
• Negative Sentiment: Bank of America expects to spend at least $250 million annually on GLP-1 weight-loss drugs for employees. Management views the benefit as worthwhile, but the expense could pressure operating costs and margins. Bank of America employee GLP-1 spending

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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