Bank Pictet & Cie Europe AG Sells 93,847 Shares of Bank of America Corporation $BAC

Bank Pictet & Cie Europe AG lessened its position in shares of Bank of America Corporation (NYSE:BAC) by 14.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 540,007 shares of the financial services provider’s stock after selling 93,847 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Bank of America were worth $29,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Bank of America by 640.5% during the third 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 buying an additional 40,235,201 shares during the period. Capital World Investors lifted its holdings in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after buying an additional 14,275,810 shares during the period. Danske Bank A S acquired a new position in Bank of America in the third quarter valued at $224,863,000. Capitolis Liquid Global Markets LLC boosted its position in Bank of America by 52.0% during the third quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider’s stock valued at $644,681,000 after acquiring an additional 4,273,472 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new stake in Bank of America during the 3rd quarter worth about $218,030,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Performance

Shares of BAC opened at $49.29 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50-day moving average of $50.79 and a 200-day moving average of $52.23. The company has a market cap of $352.20 billion, a PE ratio of 12.87, a P/E/G ratio of 1.19 and a beta of 1.23. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55.

Bank of America (NYSE:BAC) last posted 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 the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. On average, equities research analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 6th. Bank of America’s dividend payout ratio is presently 29.24%.

Bank of America News Summary

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

• Positive Sentiment: Broker upgrades and favorable earnings setup: Multiple firms (HSBC, Wells Fargo, Jefferies) have recently published constructive takes or buy ratings and Jefferies highlighted a 5–7% net interest income growth outlook over the next five years — supporting higher earnings and dividend capacity. HSBC upgrade Wells Fargo buy Jefferies NII outlook
• Positive Sentiment: Business wins and product launches: BAC is partnering on new co-brand credit cards (Royal ONE™ and Royal ONE Plus™) with Royal Caribbean — a revenue-generating consumer payments initiative that expands card fee and spend-related income. Royal Caribbean card partnership
• Positive Sentiment: Earnings momentum and capital-markets activity: Analysts note BAC’s strong earnings-surprise record and the bank’s expanding capital markets activity on the NYSE composite — both support confidence in future results and fee income. Zacks on earnings beat potential Capital markets expansion
• Neutral Sentiment: Analyst price-target moves are mixed: Morgan Stanley trimmed its price target (from $67 to $61) but kept an overweight rating — the move reduces upside expectations slightly while keeping institutional support intact. MarketScreener: MS PT change
• Neutral Sentiment: BofA’s analyst activity underscores franchise strength but is not direct BAC news: The bank’s research and trading coverage (Netflix, Micron, CoreWeave, etc.) highlight its institutional capabilities — a reputational positive but only indirectly supportive of BAC’s stock. BofA research on Netflix
• Negative Sentiment: Legal settlement: BAC disclosed a $72.5 million civil lawsuit settlement — a modest one-time charge relative to its capital but a visible near-term headline that can weigh on sentiment. MSN: settlement
• Negative Sentiment: Macro risk flagged by BofA research: The bank’s own strategists warn of “mild stagflation” and oil near $100, which could slow economic growth and pressure credit quality and consumer spending — a negative backdrop for banks if it materializes. TipRanks: stagflation warning
• Negative Sentiment: Insider/large-holder activity: Reports that Warren Buffett/Berkshire reduced BAC exposure (sold ~50% of a stake) have circulated — this can create headline noise and short-term selling pressure even if strategic ownership remains large. Fool: Buffett sells BAC

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BAC. Wolfe Research lowered Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Wells Fargo & Company lifted their target price on Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. HSBC raised Bank of America from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday. Finally, Argus increased their price target on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Twenty-three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.54.

Insider Transactions at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the transaction, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 227,832 shares of company stock valued at $11,094,960 over the last ninety days. 0.30% of the stock is owned by company insiders.

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.