Bank of America Corporation $BAC Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Bank of America Corporation (NYSE:BAC) by 1.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,159,380 shares of the financial services provider’s stock after selling 15,590 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Bank of America were worth $59,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Quaker Wealth Management LLC boosted its position in Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Bank of America during the 2nd quarter valued at approximately $28,000. Steph & Co. boosted its holdings in shares of Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the last quarter. CGC Financial Services LLC boosted its holdings in shares of Bank of America by 585.4% in the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 521 shares during the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the third quarter worth $30,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on BAC shares. Ameriprise Financial raised shares of Bank of America to a “buy” rating in a report on Wednesday, October 22nd. Dbs Bank raised Bank of America to a “moderate buy” rating in a report on Wednesday, October 22nd. Phillip Securities upped their target price on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.74.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Q4 results beat expectations: solid EPS, revenue and management commentary that pointed to continued net‑interest‑income growth and broad-based trading strength — a fundamental reason investors have confidence in BAC’s earnings power. Read More.
• Positive Sentiment: Analyst upgrades/price‑target lifts: Goldman Sachs raised its PT to $65 (maintained Buy) and Argus raised its PT to $59 (Buy), providing buy‑side support and signaling upside versus the current price. Read More. Read More.
• Neutral Sentiment: Mixed analyst tweaks: several firms trimmed price targets after the quarter (e.g., TD Cowen, Keefe Bruyette & Woods, Truist) but mostly kept Buy/Outperform ratings — reduces upside estimates but keeps institutional backing intact. Read More.
• Neutral Sentiment: Crypto testing rumor: unconfirmed reports that BofA is testing Ripple’s XRP for cross‑border payments — interesting for strategic innovation but unverified and unlikely to be an immediate earnings driver. Read More.
• Negative Sentiment: Sector and sentiment drag: big‑bank shares pulled back after earnings overall as investors punished high valuations and reacted to mixed forward commentary — this sentiment pressure hit BAC despite the beat. Read More.
• Negative Sentiment: Deposit and policy risk: CEO comments flagged that interest‑bearing stablecoins could drain deposits (study‑based estimate up to $6T), a structural risk if regulators allow yield‑paying crypto products — this raises concerns about future lending capacity and margins. Read More.

Bank of America Stock Performance

Shares of BAC stock opened at $52.53 on Friday. The company has a market capitalization of $383.59 billion, a P/E ratio of 13.72 and a beta of 1.29. The business’s 50 day moving average is $54.17 and its two-hundred day moving average is $51.16. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $28.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. Analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Bank of America’s dividend payout ratio is currently 30.52%.

Bank of America 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.