Tema ETFs LLC Increases Stock Holdings in Bank of America Corporation $BAC

Key Points

• Tema ETFs LLC increased its Bank of America position by 10.7% in the second quarter, adding 13,195 shares for a total of 136,391 shares valued at approximately $7.77 million. Institutional investors and hedge funds own 70.71% of BAC.
• Bank of America raised its quarterly dividend from $0.28 to $0.32 per share, representing an annualized payout of $1.28 and a 2.0% yield. The stock opened at $63.97, near its 52-week high of $64.27.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $64.08 target price, although Oppenheimer downgraded the stock to “Market Perform.” The bank is also tightening lending standards for data-center projects, which could limit exposure to risks but constrain growth in AI infrastructure financing.

Tema ETFs LLC lifted its position in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 10.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,391 shares of the financial services provider's stock after buying an additional 13,195 shares during the quarter. Tema ETFs LLC's holdings in Bank of America were worth $7,772,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BAC. Abound Financial LLC acquired a new position in Bank of America during the fourth quarter worth about $26,000. Wiser Advisor Group LLC acquired a new stake in shares of Bank of America in the third quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new position in shares of Bank of America during the 4th quarter worth approximately $30,000. Joseph Group Capital Management purchased a new position in shares of Bank of America during the 4th quarter worth approximately $32,000. Finally, HFM Investment Advisors LLC raised its position in shares of Bank of America by 566.0% during the 4th quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider's stock worth $34,000 after purchasing an additional 532 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Price Performance

BAC opened at $63.97 on Wednesday. The company has a 50 day moving average of $59.11 and a two-hundred day moving average of $54.05. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $64.27. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. The company has a market cap of $447.30 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.02 and a beta of 1.17.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a yield of 2.0%. This is an increase from Bank of America's previous quarterly dividend of $0.28. Bank of America's payout ratio is currently 25.69%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Wall Street analysts remain broadly bullish on Bank of America as the stock trades near record territory, while improving trading, investment-banking activity and capital markets are supporting the bank’s outlook. However, limited retail participation could signal some caution about valuation. With Bank of America at Record Highs, Wall Street Is Bullish but Retail Is Wary
• Positive Sentiment: Erste Group raised its Bank of America EPS forecasts slightly to $4.65 for fiscal 2026 and $5.25 for fiscal 2027. The 2027 estimate is above the current consensus of approximately $4.68 for the full year, reinforcing expectations for continued earnings growth. Bank of America earnings estimate update
• Positive Sentiment: A broader earnings backdrop is helping financial stocks: roughly 80% of S&P 500 companies reporting second-quarter results have posted year-over-year EPS growth. Strong corporate profits may support market activity, loan demand and investment-banking revenue for BAC. Corporate earnings soared in Q2
• Positive Sentiment: BofA analysts maintained a Buy rating on Nvidia and issued bullish targets on Nvidia and Tower Semiconductor. While these calls do not directly change BAC’s earnings, they highlight the bank’s research and advisory franchise amid strong technology and AI investment activity. BofA analyst says Nvidia stock is depressed
• Neutral Sentiment: Bank of America’s reported changes to stakes in Formet Metal ve Cam and Alves Kablo are routine portfolio disclosures and are unlikely to materially affect BAC’s valuation. Bank of America stake disclosure
• Negative Sentiment: BAC is tightening lending standards for data-center projects because of permitting delays, community opposition, power demand and environmental concerns. The move may reduce exposure to problematic AI infrastructure loans, but could also limit growth in a rapidly expanding financing market. Bank of America tightens data center lending standards

Analyst Ratings Changes

BAC has been the topic of a number of analyst reports. Oppenheimer cut Bank of America from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. Evercore set a $63.00 target price on shares of Bank of America and gave the company an "outperform" rating in a report on Monday, July 6th. The Goldman Sachs Group boosted their price objective on shares of Bank of America from $58.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Royal Bank Of Canada raised their target price on shares of Bank of America from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Finally, HSBC boosted their price target on Bank of America from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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