TABR Capital Management LLC Purchases New Shares in Bank of America Corporation $BAC

TABR Capital Management LLC purchased a new position in shares of Bank of America Corporation (NYSE:BAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,899 shares of the financial services provider’s stock, valued at approximately $709,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BAC. Capital World Investors raised its holdings in shares of 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 last quarter. Fisher Asset Management LLC grew its holdings in shares of 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 worth $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 increased its position in Bank of America by 640.5% in 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 period. Legal & General Group Plc increased its position in Bank of America by 3.4% in the 3rd 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 acquiring an additional 1,458,551 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Bank of America by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 30,648,910 shares of the financial services provider’s stock valued at $1,581,350,000 after acquiring an additional 640,462 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Price Performance

Shares of BAC opened at $53.43 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average is $50.36 and its two-hundred day moving average is $52.31. Bank of America Corporation has a twelve month low of $37.40 and a twelve month high of $57.55. The firm has a market capitalization of $381.76 billion, a PE ratio of 13.22, a P/E/G ratio of 0.92 and a beta of 1.23.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $30.27 billion during the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Research analysts anticipate that Bank of America Corporation will post 4.44 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a $0.28 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio is presently 27.72%.

Bank of America News Summary

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

• Positive Sentiment: Analysts and commentary highlight BAC’s AI-driven margin opportunity — coverage (summary of AI/phygital strategy that should lower costs, improve branch productivity and create new revenue levers) supports a constructive medium?term earnings outlook. BAC’s AI Edge Likely to Drive Margin Expansion: Should You Invest Now?
• Positive Sentiment: Several brokers raised BAC targets after its Q1 beat — Piper Sandler and Truist lifted targets (Piper Sandler to $59) following better-than-expected results, reinforcing analyst support for the stock. Piper Sandler, Truist Raise Bank of America (BAC) Targets After Q1 Beat
• Positive Sentiment: Oppenheimer and other outlets have recently nudged price targets higher and highlighted BAC as an attractive, value-oriented bank after the quarter — adds to buy-side conviction around dividend/earnings durability. Is Bank of America Corporation (BAC) One of the Best Cheap Stocks for Beginners to Invest in?
• Positive Sentiment: Commercial partnership expansion — BAC extended its long-running co?brand card agreement with Alaska Air, which should support card revenue and rewards ecosystem growth. This is a steady revenue/profitability positive for consumer card operations. Alaska Air Group and Bank of America Expand Long-Standing Credit Card Partnership
• Neutral Sentiment: Corporate PR/visibility — BAC executives participated in a market open ceremony in Canada, a symbolic reminder of global footprint but with limited immediate financial impact. Bank of America Opens the Market
• Negative Sentiment: Internal strategist warning on market risk — BofA’s Sebastian Raedler cautioned that equity markets may be underestimating macro and geopolitical risks (a 20?year low in risk premium), which can pressure bank multiples and prompt sectorwide profit?taking. This comment likely contributes to near?term selling pressure. BofA’s Raedler Warns Equity Markets Too Optimistic Amid 20-Year Low Risk Premium

Insiders Place Their Bets

In other news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction on 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 directly owned 307,240 shares of the company’s stock, valued at $15,362,000. This represents a 21.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 of the company’s stock, valued at $11,357,614.86. This represents a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 227,832 shares of company stock worth $11,094,960. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on BAC. Keefe, Bruyette & Woods increased their price objective on Bank of America from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Morgan Stanley dropped their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. CICC Research began coverage on Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price target for the company. UBS Group decreased their price target on Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.90.

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.