Aaron Wealth Advisors LLC Buys 15,928 Shares of Bank of America Corporation $BAC

Aaron Wealth Advisors LLC increased its stake in Bank of America Corporation (NYSE:BAC) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,932 shares of the financial services provider’s stock after purchasing an additional 15,928 shares during the period. Aaron Wealth Advisors LLC’s holdings in Bank of America were worth $5,001,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Permanent Capital Management LP acquired a new position in Bank of America in the third quarter valued at approximately $649,000. Meridian Wealth Management LLC lifted its stake 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 buying an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. lifted its stake in Bank of America by 15.9% in the third quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after buying an additional 86,290 shares during the period. World Equity Group Inc. lifted its stake in Bank of America by 21.8% in the third quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock valued at $3,779,000 after buying an additional 13,119 shares during the period. Finally, AdvisorShares Investments LLC acquired a new position in Bank of America in the third quarter valued at approximately $482,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BAC. The Goldman Sachs Group boosted their price target on Bank of America from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Monday. Erste Group Bank lowered Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Argus boosted their price target on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods dropped their price target on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Finally, Barclays upped their target price on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.20.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Goldman Sachs raised its price target to $58 and kept a Buy rating, signaling confidence in BAC’s earnings and capital return potential. Goldman Sachs Adjusts Price Target
• Positive Sentiment: Recent analyst upgrades and bullish notes have put BAC back in focus, citing steady earnings, dividend/buyback capacity and attractive valuation versus fundamentals. Analyst Upgrades Put BAC Back in Focus
• Positive Sentiment: Multiple outlets (Zacks, MSN) highlight BAC as a long‑term buy thanks to earnings outlook and valuation — supportive for investor sentiment heading into Q1. Why BAC Is a Top Stock Long-Term
• Positive Sentiment: BofA research expects major U.S. banks to deliver solid Q1 results overall, which supports BAC’s near‑term outlook ahead of its April 15 report. US Banks Set to Deliver Solid Q1 Results
• Positive Sentiment: Strategic business news — a tri‑branded Royal Caribbean credit card with Bank of America — underscores ongoing card/loyalty revenue opportunities. Royal Caribbean & BofA Tri‑Branded Card
• Neutral Sentiment: Some sell‑side firms trimmed price targets (Autonomous to $54; Evercore to $55) but kept neutral/outperform views — mixed signals that limit downside conviction. Autonomous Lowers PT to $54 Evercore Lowers PT to $55
• Neutral Sentiment: Berkshire/Buffett coverage and value‑oriented writeups continue to underscore BAC as a cheap, core financial holding — supportive but not an immediate catalyst. Buffett Stock Value Piece
• Negative Sentiment: Analysts warn that the rate tailwind that boosted net interest income may be fading, which is a key risk for BAC’s near‑term revenue outlook heading into Q1 results. Rate Tailwind Is Fading

Bank of America Trading Up 1.4%

Shares of Bank of America stock opened at $50.07 on Tuesday. The stock has a fifty day simple moving average of $50.64 and a 200 day simple moving average of $52.20. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a market capitalization of $357.75 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. 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 (NYSE:BAC) last announced its quarterly earnings data 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 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 business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.2%. Bank of America’s dividend payout ratio is presently 29.24%.

Insider Activity at Bank of America

In related news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. 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 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 transaction, the insider owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 227,832 shares of company stock worth $11,094,960. 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.