Aberdeen Group plc Purchases 86,626 Shares of Bank of America Corporation $BAC

Aberdeen Group plc increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,875,352 shares of the financial services provider’s stock after buying an additional 86,626 shares during the quarter. Bank of America accounts for approximately 0.5% of Aberdeen Group plc’s holdings, making the stock its 24th largest holding. Aberdeen Group plc owned 0.08% of Bank of America worth $323,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAC. Wiser Advisor Group LLC acquired a new position in shares of Bank of America in the 3rd quarter valued at approximately $27,000. Steph & Co. increased its position in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. Collier Financial acquired a new stake in shares of Bank of America during the third quarter worth $30,000. Marquette Asset Management LLC acquired a new stake in shares of Bank of America during the third quarter worth $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Bank of America in the 3rd quarter valued at $31,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Performance

BAC opened at $49.37 on Friday. The business’s 50-day simple moving average is $50.73 and its 200 day simple moving average is $52.21. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $352.75 billion, a PE ratio of 12.89, a PEG ratio of 1.20 and a beta of 1.23.

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, beating 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same period last year, the company earned $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 expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

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

Insider Buying and Selling at Bank of America

In related news, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. The trade was a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 over the last quarter. 0.30% of the stock is currently owned by insiders.

Bank of America News Roundup

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BAC. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. The Goldman Sachs Group reduced their price objective 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. Argus lifted their target price on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Finally, Truist Financial reduced their price target on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Twenty-three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.54.

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.