Runnymede Capital Advisors Inc. Buys 28,848 Shares of Bank of America Corporation $BAC

Key Points

• Runnymede Capital Advisors boosted its stake in Bank of America by 717.8% in Q4, adding 28,848 shares to hold 32,867 shares worth $1.808 million, which is 1.0% of Runnymede’s portfolio and its 28th-largest holding.
• Insiders sold 227,832 shares (about $11.09 million) in the last quarter — including James P. Demare and Bernard A. Mensah — while institutional investors own 70.71% of BAC and insiders hold 0.30%.
• Analysts' consensus is a Moderate Buy with an average price target of $59.10 (23 Buy ratings vs. 5 Hold), though recent notes show mixed price-target adjustments and rating changes.

Runnymede Capital Advisors Inc. boosted its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 717.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,867 shares of the financial services provider's stock after acquiring an additional 28,848 shares during the quarter. Bank of America accounts for 1.0% of Runnymede Capital Advisors Inc.'s portfolio, making the stock its 28th biggest holding. Runnymede Capital Advisors Inc.'s holdings in Bank of America were worth $1,808,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital World Investors grew its stake in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Fisher Asset Management LLC raised its stake in Bank of America by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider's stock worth $2,717,657,000 after acquiring an additional 1,272,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Bank of America by 640.5% during the 3rd 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 worth $2,399,798,000 after acquiring an additional 40,235,201 shares during the period. Legal & General Group Plc lifted its holdings in shares of Bank of America by 3.4% in the 3rd 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 period. Finally, Dimensional Fund Advisors LP raised its holdings in Bank of America by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 30,648,910 shares of the financial services provider's stock worth $1,581,350,000 after purchasing an additional 640,462 shares during the period. Hedge funds and other institutional investors own 70.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BAC shares. Wells Fargo & Company upped their price target on Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods dropped their price target on Bank of America from $64.00 to $63.00 and set an "outperform" rating on the stock in a research note on Thursday, January 15th. Wolfe Research cut Bank of America from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. The Goldman Sachs Group lifted their price objective on Bank of America from $57.00 to $58.00 and gave the company a "buy" rating in a report on Monday. Finally, Evercore decreased their price target on Bank of America from $59.00 to $55.00 and set an "outperform" rating on the stock in a research note on Monday. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.10.

Insider Buying and Selling at Bank of America

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 sale, the insider owned 307,240 shares of the company's stock, valued at $15,362,000. This trade represents a 21.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 227,832 shares of company stock valued at $11,094,960 in the last quarter. Company insiders own 0.30% of the company's stock.

Bank of America Price Performance

BAC opened at $51.91 on Thursday. The firm has a market cap of $370.90 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company's 50-day moving average price is $50.61 and its 200 day moving average price is $52.19. 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 results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the business earned $0.82 earnings per share. Bank of America's revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. Bank of America's dividend payout ratio (DPR) is currently 29.24%.

More Bank of America News

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

• Positive Sentiment: Regulatory draft could free capital — Analysts estimate U.S. banks might be able to release up to ~$320 billion under proposed draft rules, which would meaningfully boost capital available for buybacks/dividends and improve return metrics for big banks like BAC. US banks could release $320 billion...
• Positive Sentiment: Momentum: BAC has extended a multi-session winning streak, reflecting improving investor sentiment ahead of earnings and helping lift the stock. Bank of America extends winning streak...
• Positive Sentiment: Product traction: CashPro app usage rose ~20% and clients are authorizing large payment flows in real time — a sign of fee-generating commercial client engagement and digital product strength. CashPro App Usage Rises 20%...
• Positive Sentiment: Analyst upgrades / research credibility: HSBC recently upgraded BAC to Buy (PT $55) and other research activity highlights BofA’s role as a prominent sell‑side shop — supporting investor confidence. A Downgraded Target for Bank of America...
• Neutral Sentiment: Capital/debt action: BAC announced the redemption of $3.0B of 3.559% senior notes due April 2027 — straightforward liability management that modestly alters the debt schedule but is not a surprise. Bank of America Announces Redemption...
• Neutral Sentiment: Estimates and research: Erste Group nudged up FY2026/FY2027 EPS estimates for BAC — small upward revisions that support fundamentals heading into Q1 results (reporting April 15). Erste Group raises EPS estimates...
• Negative Sentiment: Mixed/trimmed price targets: Several banks (UBS, JPMorgan, Daiwa, Truist) have trimmed price targets recently (though many kept buy/overweight ratings), which can cap upside and increase short-term volatility. UBS adjusts price target on Bank of America...
• Negative Sentiment: Conflicting forecasts: Some outlets and firms issued pessimistic near‑term forecasts for BAC, adding noise to the tape and pressuring sentiment despite other supportive signals. Autonomous Res issues pessimistic forecast...

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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