Rep. Val T. Hoyle Sells Bank of America Corporation (NYSE:BAC) Stock

Key Points

• Representative Val T. Hoyle sold shares of Bank of America Corporation (NYSE:BAC) between $1,001 and $15,000 from her IRA account on September 23rd.
• Bank of America has a current market cap of $360.12 billion and recently announced a quarterly dividend increase to $0.28 per share.
• Analysts have mixed views on Bank of America, with price targets ranging from $54.00 to $59.00 and an overall rating of "Moderate Buy" from investment analysts.

Representative Val T. Hoyle (D-Oregon) recently sold shares of Bank of America Corporation NYSE: BAC. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Bank of America stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

Bank of America Price Performance

Shares of Bank of America stock opened at $48.62 on Friday. The stock has a 50 day moving average of $49.61 and a 200 day moving average of $45.50. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $52.88. The firm has a market cap of $360.12 billion, a PE ratio of 14.22, a PEG ratio of 1.93 and a beta of 1.33. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Bank of America had a return on equity of 10.25% and a net margin of 14.81%.The company had revenue of ($22,273.00) million during the quarter, compared to analyst estimates of $26.79 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Bank of America's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, September 5th. Bank of America's dividend payout ratio is currently 32.75%.

Bank of America declared that its board has authorized a share repurchase program on Wednesday, July 23rd that allows the company to repurchase $40.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Bank of America

In other Bank of America news, insider James P. Demare sold 148,391 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $45.57, for a total transaction of $6,762,177.87. Following the sale, the insider owned 223,407 shares of the company's stock, valued at approximately $10,180,656.99. This trade represents a 39.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on BAC. The Goldman Sachs Group increased their price target on Bank of America from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. TD Cowen increased their price target on Bank of America from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Wall Street Zen lowered Bank of America from a "hold" rating to a "sell" rating in a research note on Saturday. UBS Group increased their price target on Bank of America from $55.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wolfe Research increased their price target on Bank of America from $57.00 to $58.00 and gave the company an "outperform" rating in a research note on Tuesday. Twenty-one investment 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 stock presently has an average rating of "Moderate Buy" and an average target price of $54.64.

Institutional Trading of Bank of America

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wynn Capital LLC boosted its position in Bank of America by 0.4% during the 3rd quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider's stock valued at $2,428,000 after acquiring an additional 207 shares in the last quarter. Wealth Advisory Solutions LLC boosted its position in Bank of America by 4.4% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 5,126 shares of the financial services provider's stock valued at $243,000 after acquiring an additional 214 shares in the last quarter. Ballast Advisors LLC boosted its position in Bank of America by 4.1% during the 2nd quarter. Ballast Advisors LLC now owns 5,489 shares of the financial services provider's stock valued at $260,000 after acquiring an additional 218 shares in the last quarter. McLean Asset Management Corp boosted its position in Bank of America by 0.9% during the 3rd quarter. McLean Asset Management Corp now owns 25,534 shares of the financial services provider's stock valued at $1,287,000 after acquiring an additional 218 shares in the last quarter. Finally, AllSquare Wealth Management LLC boosted its position in Bank of America by 1.0% during the 2nd quarter. AllSquare Wealth Management LLC now owns 23,072 shares of the financial services provider's stock valued at $1,092,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 70.71% of the company's stock.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

Bank of America Company Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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