Third View Private Wealth LLC Makes New $1.39 Million Investment in Bank of America Corporation $BAC

Key Points

• Third View Private Wealth LLC initiated a new stake in Bank of America in Q4, buying 25,227 shares worth approximately $1.39 million.
• Large institutions have sizable positions — including big increases from UBS Asset Management and Capital World Investors — leaving institutional ownership at about 70.71%.
• Bank of America reported Q4 $0.98 EPS (beating estimates) with revenue up ~12.3% YoY and a quarterly dividend of $0.28 (~2.1% yield), while insiders have sold roughly 227,832 shares (≈$11.1 million) over the past 90 days.

Third View Private Wealth LLC bought a new position in Bank of America Corporation (NYSE:BAC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,227 shares of the financial services provider's stock, valued at approximately $1,387,000.

A number of other institutional investors and hedge funds have also modified their holdings of BAC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Bank of America by 640.5% in 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 purchasing an additional 40,235,201 shares in the last quarter. Capital World Investors increased its holdings in shares of Bank of America by 11.0% in the 3rd 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. Danske Bank A S bought a new stake in shares of Bank of America in the 3rd quarter worth $224,863,000. Capitolis Liquid Global Markets LLC increased its holdings in shares of Bank of America by 52.0% in the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider's stock worth $644,681,000 after purchasing an additional 4,273,472 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Bank of America in the 3rd quarter worth $218,030,000. Institutional investors own 70.71% of the company's stock.

Bank of America Price Performance

Shares of Bank of America stock opened at $53.33 on Tuesday. The stock's 50-day simple moving average is $50.57 and its 200-day simple moving average is $52.21. Bank of America Corporation has a 52 week low of $36.27 and a 52 week high of $57.55. The company has a market capitalization of $381.05 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.92 and a beta of 1.23. 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 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. As a group, analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, March 6th. Bank of America's payout ratio is presently 29.24%.

Analyst Ratings Changes

BAC has been the topic of a number of research reports. CICC Research initiated coverage on Bank of America in a research note on Wednesday, January 14th. They issued an "outperform" rating and a $62.00 price target on the stock. Truist Financial dropped their price target on Bank of America from $62.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, January 15th. Wells Fargo & Company raised their price target on Bank of America from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note 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. Finally, Daiwa Securities Group dropped their price target on Bank of America from $62.00 to $58.00 and set a "buy" rating on the stock in a research note on Tuesday, April 7th. Twenty-three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.10.

Insider Activity

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the sale, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the business's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 227,832 shares of company stock worth $11,094,960 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

More Bank of America News

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

• Positive Sentiment: BofA and peers head into Q1 reporting week; investors expect resilient net interest income and trading/deal activity that could boost BAC results. This seasonal momentum is a primary driver behind the stock’s strength. Bank of America, Wells Fargo and Truist to report Q1 earnings amid market volatility, geopolitical pressure
• Positive Sentiment: Bank of America research lifted semiconductor market outlooks and highlighted tailwinds for AI-related names — a bullish macro/tech tone that tends to lift risk appetite and trading revenues at big banks like BAC. Think Nvidia's Stock Has Peaked? The Latest Semiconductor Forecast Might Have You Thinking Twice
• Positive Sentiment: Macro take from BofA’s Michael Hartnett (favoring Chinese tech and select cyclical sectors, and expecting a pause in Fed hikes) supports a risk-on backdrop that benefits bank stocks through improved markets activity and loan demand. The best places to invest now are Chinese tech stocks and this out-of-fashion sector, according to Bank of America
• Neutral Sentiment: Bank of America’s analyst coverage is moving other names (e.g., Nokia upgrades), which highlights the firm’s influence in markets and can indirectly support BAC through trading and investment banking flows — but these are secondary to BAC’s own earnings drivers. Nokia jumps as Bank of America turns bullish on AI-driven optical and hyperscaler demand
• Neutral Sentiment: Corporate housekeeping items (new Oklahoma City market president; consumer-facing sponsorships like the Boston Marathon) are positives for franchise and local relationships but unlikely to move BAC’s near-term stock price materially. BofA Names Olena Lifset Oklahoma City President
• Negative Sentiment: Analysts and previews (Zacks and others) caution that rising expenses and credit risks could temper earnings upside — a key watch into BAC’s Q1 release that could cap gains if results or guidance disappoint. Should You Buy BAC Stock Before Q1 Earnings in an Uncertain Market?

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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