Rachor Investment Advisory Services LLC Takes Position in Bank of America Corporation $BAC

Key Points

• Rachor Investment Advisory Services LLC opened a new position in Bank of America with 15,371 shares (~$845,000), making BAC its 11th largest holding, and institutional investors now own about 70.71% of the stock.
• Corporate insiders have been net sellers, disposing of 227,832 shares over the past 90 days (≈$11.09M), including large sales by James P. Demare and Thomas M. Scrivener that materially reduced their ownership.
• Bank of America beat the quarter with EPS $1.11 vs. $1.00 expected and $30.27B revenue, announced a $0.28 quarterly dividend (2.1% yield), and carries a MarketBeat consensus rating of Moderate Buy with a $61.02 target.

Rachor Investment Advisory Services LLC purchased a new stake in Bank of America Corporation (NYSE:BAC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,371 shares of the financial services provider's stock, valued at approximately $845,000. Bank of America makes up 0.4% of Rachor Investment Advisory Services LLC's holdings, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAC. Brighton Jones LLC boosted its position in shares of Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider's stock worth $4,785,000 after purchasing an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Bank of America by 40.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock valued at $1,013,000 after purchasing an additional 6,174 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Bank of America by 38.4% in the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider's stock valued at $3,108,000 after purchasing an additional 18,227 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Bank of America in the second quarter valued at about $1,396,000. Finally, Vivaldi Capital Management LP boosted its holdings in Bank of America by 4.2% during the second quarter. Vivaldi Capital Management LP now owns 8,819 shares of the financial services provider's stock worth $417,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company's stock.

Insiders Place Their Bets

In other news, insider James P. Demare sold 83,832 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value 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 legal filing with the SEC, which is available through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the company'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 completion of the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on BAC shares. TD Cowen lowered their target price on shares of Bank of America from $66.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, January 15th. Piper Sandler boosted their price target on Bank of America from $53.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 16th. Barclays upped their price target on Bank of America from $59.00 to $71.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. Autonomous Res dropped their price objective on Bank of America from $62.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, April 6th. Finally, Morgan Stanley reduced their price objective on Bank of America from $67.00 to $61.00 and set an "overweight" rating for the company in a report on Tuesday, March 31st. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Bank of America has a consensus rating of "Moderate Buy" and a consensus target price of $61.02.

More Bank of America News

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

• Positive Sentiment: Active ETF and index flows: coverage notes that a Russell 1000 ETF watching large-cap names helped lift BAC as traders and passive flows bid bank shares. Bank Of America Stock Climbs As Russell 1000 ETF Watches
• Positive Sentiment: Analyst estimate upgrades: Erste Group increased FY2026 and FY2027 EPS forecasts for BAC (FY26 to ~$4.45, FY27 to ~$5.06), which supports higher earnings expectations and reduces near‑term downside risk.
• Positive Sentiment: Sell‑side price‑target lift: Daiwa raised its BAC price target to $61 and kept an Overweight rating — a clear buy‑side signal that may attract additional momentum buyers. Daiwa adjusts PT on Bank of America to $61
• Positive Sentiment: Market guidance from BAC strategists: Bank of America told clients to ignore the “sell in May” axiom this year, signaling bullish seasonal guidance that can keep client flows and investor confidence tilted toward banks. Bank of America advises investors to ignore 'sell in May'
• Neutral Sentiment: Research activity highlights: BAC research raised price targets on several large-cap tech/industrial names (Western Digital, Caterpillar), showing continued advisory and trading franchise activity but only indirect benefit to BAC’s stock. Bank of America Points to Supply-Demand Imbalance Favoring Western Digital Bank of America Sees Caterpillar Benefiting
• Neutral Sentiment: Positive internal portfolio messaging: media coverage highlights that some BAC investment strategies/portfolios are having a strong year, which supports client retention but is not an immediate stock catalyst. 'Sleep like a baby' portfolio coverage
• Negative Sentiment: Short‑term volatility/valuation watch: some pieces point to recent intra‑week weakness and short‑term volatility after recent swings — a reminder risk‑averse investors may trim positions on pullbacks. A Look At Bank Of America (BAC) Valuation After Recent Share Price Swings

Bank of America Stock Up 0.1%

Shares of NYSE BAC opened at $52.69 on Wednesday. Bank of America Corporation has a 12-month low of $38.81 and a 12-month high of $57.55. The company has a market capitalization of $376.51 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50-day moving average is $50.33 and its two-hundred day moving average is $52.41.

Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.11. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business had revenue of $30.27 billion during the quarter, compared to analysts' expectations of $29.72 billion. During the same period last year, the company posted $0.90 EPS. The company's revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Dividend Announcement

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

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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