Bank of America Corporation $BAC Shares Purchased by Constant Guidance Financial LLC

Constant Guidance Financial LLC lifted its holdings in Bank of America Corporation (NYSE:BAC) by 603.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,283 shares of the financial services provider’s stock after acquiring an additional 20,831 shares during the period. Bank of America makes up 1.0% of Constant Guidance Financial LLC’s portfolio, making the stock its 18th biggest position. Constant Guidance Financial LLC’s holdings in Bank of America were worth $1,253,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Permanent Capital Management LP purchased a new position in shares of Bank of America during the 3rd quarter valued at approximately $649,000. Meridian Wealth Management LLC raised its holdings in Bank of America by 54.6% in the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock valued at $3,008,000 after acquiring an additional 20,591 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its stake in Bank of America by 15.9% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after acquiring an additional 86,290 shares during the last quarter. World Equity Group Inc. grew its holdings in Bank of America by 21.8% during the 3rd quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock worth $3,779,000 after acquiring an additional 13,119 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Bank of America in the 3rd quarter valued at about $482,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BAC shares. Royal Bank Of Canada lifted their price target on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Piper Sandler lifted their target price on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. The Goldman Sachs Group boosted their price target on Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday, January 26th. Truist Financial reduced their price objective 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. Finally, Wolfe Research lowered shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

Bank of America News Summary

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

• Positive Sentiment: Large growth/fee opportunity — BofA plans to commit $25 billion of its own capital to expand private‑credit and direct‑lending activity, a move that can boost fee income, diversify lending channels and signal aggressive growth of non‑interest revenue. BofA commits $25 billion to private-credit deals, memo shows
• Positive Sentiment: Client acquisition and deposit strategy — BofA is redesigning a no‑fee rewards program aimed at expanding relationships with checking clients (potentially ~30M more), which could deepen deposit balances and cross‑sell into cards and wealth management over time. How BAC’s No-Fee Rewards Program Can Be a Slow-Burn Growth Driver
• Positive Sentiment: Wealth business recognition — Merrill had 24 advisors named to Financial Planning’s Top 40 Brokers Under 40, underscoring talent depth in wealth management, which supports fee revenue stability and advisor retention. 24 Merrill Advisors Recognized on Financial Planning’s Top 40 Brokers Under 40 List
• Neutral Sentiment: Investor attention rising — Screening and search interest in BAC has picked up, which can amplify moves both ways depending on incoming data and macro headlines. Investors Heavily Search Bank of America Corporation (BAC)
• Neutral Sentiment: Macro/sector commentary — Bank of America Securities flagged the housing rebound as shaky (weak year‑on‑year), which is sector commentary that could influence mortgage volumes but isn’t an immediate hit to BAC’s broad franchise. Home Construction Rebound Looks Shaky, Says Analyst
• Negative Sentiment: Risk/valuation concerns in private credit — Coverage from FT and others notes growing industry moves into private credit and flags mounting concerns about the sector’s health and underwriting risk; deploying large balance‑sheet capital raises exposure and regulatory/credit‑cycle risk if conditions sour. Bank of America commits $25bn to private credit lending

Bank of America Stock Up 0.5%

Bank of America stock opened at $53.04 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The company has a 50-day simple moving average of $54.29 and a 200-day simple moving average of $52.32. The firm has a market capitalization of $387.35 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.30 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. Bank of America’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. As a group, equities analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

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.