AK Global Asset Management LLC Invests $819,000 in Bank of America Corporation $BAC

AK Global Asset Management LLC acquired a new position in Bank of America Corporation (NYSE:BAC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,883 shares of the financial services provider’s stock, valued at approximately $819,000. Bank of America accounts for approximately 0.7% of AK Global Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in BAC. Wiser Advisor Group LLC acquired a new position in Bank of America in the third quarter worth $27,000. Steph & Co. boosted its holdings in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the period. Marquette Asset Management LLC acquired a new position in Bank of America in the third quarter worth $30,000. Collier Financial acquired a new position in Bank of America in the third quarter worth $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Bank of America in the third quarter worth $31,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

Shares of NYSE BAC opened at $50.26 on Wednesday. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The firm’s 50-day simple moving average is $50.61 and its 200 day simple moving average is $52.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $359.15 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.20 and a beta of 1.23.

Bank of America (NYSE:BAC) last issued its quarterly earnings data 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 net margin of 16.23% and a return on equity of 11.07%. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

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

Key Stories Impacting Bank of America

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

• Positive Sentiment: Evercore ISI reaffirmed a Buy stance on BAC, providing direct dealer support for the stock and helping investor confidence. Evercore ISI Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: Goldman Sachs raised its price target to $58 (maintained Buy), a constructive signal that may attract buyers given BAC’s valuation and dividend/buyback story. Goldman raises BAC PT to $58
• Positive Sentiment: Strategic/operational recognition: BofA was named the No.1 global OCIO provider for nonprofits in 2025, highlighting fee-business strength and long-term client relationships that support non‑interest revenue. BofA Named No.1 Nonprofit OCIO Provider Globally in 2025
• Neutral Sentiment: Preview/earnings context: Analysts and commentaries flag the upcoming Q1 report as pivotal for 2026 guidance — the market is focused more on earnings stability than upside reacceleration. This keeps volatility possible but doesn’t decisively change the medium-term thesis. Bank of America Earnings: A Pivotal Report For 2026 Expectations
• Neutral Sentiment: Sector/context: BofA analysts expect US banks to deliver broadly in‑line to slightly better Q1 results; sector tailwinds from NII remain but are increasingly questioned. This supports the name relative to peers but keeps results event-driven. US banks set to deliver solid first quarter results
• Neutral Sentiment: Relative positioning: comparison pieces (e.g., BAC vs PNC) and long‑term bull commentary keep BAC in investors’ focus as a scale-driven bank, but these are background factors rather than immediate catalysts. BAC vs. PNC: Which Wins When Picking Between Scale & Stability?
• Negative Sentiment: Several firms trimmed price targets (JPMorgan to $57.50, Daiwa to $58, Evercore Inc. to $55, Autonomous to $54). While many maintained buy/overweight stances, the downward PT revisions cap near‑term upside and signal caution from analysts. JPMorgan lowers BAC PT Daiwa lowers BAC PT
• Negative Sentiment: Macro/earnings risk: commentary notes that much downside may already be priced in, but the fading rate tailwind and sensitivity of NII to Fed moves remain a tangible downside risk heading into Q1. Bank Of America: Heading Into Q1 With More Priced In Than Left To Price Rate tailwind fading

Insider Activity at Bank of America

In related news, insider James P. Demare sold 83,832 shares of Bank of America 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 sale, the insider directly owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 227,832 shares of company stock worth $11,094,960 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on BAC. HSBC upgraded Bank of America from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, April 1st. Oppenheimer cut their target price on Bank of America from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. Daiwa Securities Group cut their target price on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday. Autonomous Res cut their target price on Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, CICC Research began coverage on Bank of America in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 target price on the stock. Twenty-three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Bank of America presently has an average rating of “Moderate Buy” and an average target price of $58.90.

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.