Avanza Fonder AB Raises Stock Position in Bank of America Corporation $BAC

Avanza Fonder AB grew its stake in Bank of America Corporation (NYSE:BAC) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 514,789 shares of the financial services provider’s stock after buying an additional 11,900 shares during the period. Bank of America accounts for 0.7% of Avanza Fonder AB’s investment portfolio, making the stock its 24th largest holding. Avanza Fonder AB’s holdings in Bank of America were worth $28,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BAC. Brighton Jones LLC increased its position in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after purchasing an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Bank of America by 40.5% in the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 6,174 shares during the period. Coldstream Capital Management Inc. grew its position in shares of Bank of America by 13.4% during the second quarter. Coldstream Capital Management Inc. now owns 128,889 shares of the financial services provider’s stock worth $6,099,000 after acquiring an additional 15,249 shares during the last quarter. Intellus Advisors LLC purchased a new position in shares of Bank of America during the second quarter worth approximately $208,000. Finally, Summit Global Investments increased its holdings in shares of Bank of America by 198.7% in the 2nd quarter. Summit Global Investments now owns 42,258 shares of the financial services provider’s stock valued at $2,000,000 after acquiring an additional 28,110 shares during the period. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Trading Up 0.7%

Shares of BAC opened at $47.50 on Tuesday. The firm’s 50-day moving average is $51.44 and its two-hundred day moving average is $52.34. The firm has a market capitalization of $340.92 billion, a P/E ratio of 12.40, a PEG ratio of 1.15 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion for 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 company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, research analysts predict 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 will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.4%. Bank of America’s payout ratio is currently 29.24%.

Analysts Set New Price Targets

BAC has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a research note on Monday. Wolfe Research lowered Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Barclays boosted their price target on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. 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 company presently has an average rating of “Moderate Buy” and an average target price of $59.87.

Insider Activity at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the transaction, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at $15,362,000. This trade represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 227,832 shares of company stock valued at $11,094,960. Insiders own 0.30% of the company’s stock.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Recent fundamentals: BAC reported an EPS beat in its latest quarter and showed revenue growth year-over-year, supporting investor confidence in earnings power and dividend coverage (recent earnings release/summary).
• Positive Sentiment: Dividend appeal: Coverage noting BAC as a top dividend stock is drawing income-focused buyers who value the bank’s yield and payout sustainability. Bank of America (BAC) is a Top Dividend Stock Right Now: Should You Buy?
• Positive Sentiment: Community/ESG outreach: Launch of a nationwide “Soccer at Schools” initiative with U.S. Soccer positions BAC well on community engagement and ESG narratives that can support long-term brand value. U.S. Soccer, Soccer Forward Foundation and Bank of America Launch ‘Soccer at Schools’
• Neutral Sentiment: Regulatory filing: BAC filed its 2025 Form 10‑K with the UK National Storage Mechanism — a standard compliance disclosure that keeps filings up to date but is not expected to move the stock materially. Bank of America Files 2025 Form 10-K
• Neutral Sentiment: Brand narrative: CEO Brian Moynihan’s letter on Bank of America’s historical role (250th anniversary context) is positive PR but unlikely to drive near-term share moves. Bank of America’s legacy of building the American dream
• Neutral Sentiment: BofA research flow: The bank’s investment research is active (notes on Apple’s planned foldable iPhone and ASML coverage). This highlights trading/research revenue potential but affects BAC indirectly. Apple preparing first foldable iPhone for 2026 launch ASML stock surges as analysts reaffirm AI chip momentum
• Negative Sentiment: Analyst target cut: Goldman Sachs lowered its price target on BAC from $67 to $57 while keeping a Buy rating — the cut trims upside expectations and can put downward pressure on the stock despite the Buy call. Goldman Sachs lowers BAC price target
• Negative Sentiment: Sector credit watch: Citigroup reported stable delinquencies but rising net charge-offs in credit cards, signaling potential credit-cost pressure across big banks if consumer stress broadens — a risk investors watch closely for BAC’s loan-loss outlook. Citigroup’s Card Delinquencies Stable, Charge-Offs Rise

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.