Dorato Capital Management Acquires New Position in Bank of America Corporation $BAC

Dorato Capital Management purchased a new stake in shares of Bank of America Corporation (NYSE:BAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,957 shares of the financial services provider’s stock, valued at approximately $1,047,000. Bank of America makes up about 0.8% of Dorato Capital Management’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BAC. Capital World Investors grew its position in shares of Bank of America by 11.0% during the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Bank of America by 2.5% during the third quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock valued at $2,717,657,000 after buying an additional 1,272,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Bank of America by 640.5% during the 3rd 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 valued at $2,399,798,000 after acquiring an additional 40,235,201 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Bank of America by 3.4% in the third quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider’s stock valued at $2,266,045,000 after purchasing an additional 1,458,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bank of America by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 30,648,910 shares of the financial services provider’s stock worth $1,581,350,000 after purchasing an additional 640,462 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on BAC. Jefferies Financial Group began coverage on shares of Bank of America in a research note on Thursday, March 26th. They issued a “buy” rating and a $60.00 price objective for the company. CICC Research began coverage on shares of Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price target for the company. The Goldman Sachs Group dropped their price target on Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company upped their price objective on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Twenty-three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.54.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Barclays reiterated a Buy rating on BAC, endorsing the stock amid favorable fundamentals and helping support investor demand. Barclays Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: HSBC upgraded BAC from Hold to Buy and set a higher price target, another vote of confidence that can buoy sentiment among institutional buyers. Bank of America was upgraded by HSBC
• Positive Sentiment: Analysts continue to point to rising net interest income and strong capital-return plans (including a $40B buyback program and steady dividend increases), which underpin earnings outlook and make BAC more attractive. Bank of America’s Robust Capital Return Strategy: What’s Fueling It?
• Neutral Sentiment: Morgan Stanley trimmed its price target on BAC but kept an Overweight (positive) rating — a mixed signal: still bullish institutional view, but slightly tempered upside expectations. Morgan Stanley Adjusts Price Target on Bank of America
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — an incremental portfolio move by BAC’s investment arm that isn’t material to BAC’s core bank fundamentals. Bank of America Discloses 3.01% Voting Stake in Qiagen
• Neutral Sentiment: Data from BofA’s card-spending tracker shows shifting consumer patterns (furniture and department store spend down, gas station sales up) — useful macro signals for loan/fee trends but not an immediate company-level catalyst. Card spending at furniture, department stores fall as gas station sales surge: Bank of America
• Negative Sentiment: BAC reached a preliminary approval for a $72.5 million settlement tied to claims related to Jeffrey Epstein — a modest but negative legal/settlement headline that can weigh on sentiment. Bank of America’s $72.5 million settlement with Epstein accusers wins preliminary approval
• Negative Sentiment: French authorities have detained suspects in a foiled bombing plot against BofA’s Paris office; security and reputational concerns can create headline risk even if financial impact is limited. Four suspects in foiled BofA Paris bombing put in pre-trial detention
• Negative Sentiment: BofA strategists warned of a “mild stagflation” risk with oil near $100, flagging slower growth and higher inflation — a macro scenario that could pressure loan growth and credit costs across banks. BofA Warns of ‘Mild Stagflation’ as Oil May Remain at $100 Throughout the Year
• Negative Sentiment: Reports that Warren Buffett materially reduced his BAC holdings have circulated — a high‑profile sale that can create short‑term investor nervousness despite differing long-term interpretations. Warren Buffett Went Out With a Bang by Selling 50% of His Bank of America Stake

Bank of America Price Performance

BAC opened at $49.37 on Friday. The business has a fifty day moving average of $50.73 and a 200 day moving average of $52.21. The stock has a market cap of $352.75 billion, a P/E ratio of 12.89, a PEG ratio of 1.20 and a beta of 1.23. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55.

Bank of America (NYSE:BAC) last released its 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. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Insider Buying and Selling at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 of the company’s stock, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 227,832 shares of company stock valued at $11,094,960 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.