Victrix Investment Advisors Sells 11,688 Shares of Bank of America Corporation $BAC

Victrix Investment Advisors lessened its position in shares of Bank of America Corporation (NYSE:BAC) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,079 shares of the financial services provider’s stock after selling 11,688 shares during the quarter. Bank of America comprises 1.9% of Victrix Investment Advisors’ holdings, making the stock its 19th biggest position. Victrix Investment Advisors’ holdings in Bank of America were worth $4,844,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. DecisionMap Wealth Management LLC raised its stake in shares of Bank of America by 4.7% during the 4th quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 182 shares in the last quarter. Money Concepts Capital Corp raised its stake in shares of Bank of America by 3.8% during the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 182 shares in the last quarter. Holistic Financial Partners raised its stake in shares of Bank of America by 2.4% during the 4th quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 183 shares in the last quarter. Operose Advisors LLC increased its stake in Bank of America by 0.9% during the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 185 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. increased its stake in Bank of America by 1.0% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BAC. Truist Financial upped their price target on shares of Bank of America from $57.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Keefe, Bruyette & Woods upped their price target on shares of Bank of America from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Morgan Stanley cut their price target on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Oppenheimer upped their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen upgraded shares of Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $61.06.

Insiders Place Their Bets

In other news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares in the company, valued at $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares in the company, valued at $7,988,436.96. The trade was a 35.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is owned by corporate insiders.

Bank of America News Summary

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

• Positive Sentiment: Bank of America is set to launch a cross-border real-time payments tool later this year, a move that could strengthen its corporate payments business, improve client retention, and support fee growth. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Unusually heavy call buying in BAC options suggests traders are positioning for more upside, which can signal strong near-term investor enthusiasm.
• Positive Sentiment: Financial stocks rose broadly on Thursday, providing a favorable sector tailwind for Bank of America shares. Sector Update: Financial Stocks Rise Thursday Afternoon
• Positive Sentiment: Several articles highlighted Bank of America as a “low cost” stock with strong analyst support, including reports that 84% of covered analysts rate it a Buy and see meaningful upside from current levels. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Positive Sentiment: Bank of America and Merrill also received recognition in Barron’s advisor rankings, which supports the firm’s wealth-management franchise and brand strength. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Neutral Sentiment: The bank is also investing in digital assets and tokenization, including a new leadership role for digital asset transformation, but this is more of a strategic positioning story than an immediate earnings driver. Bank of America Names Adam Dixon Global Head of Digital Asset Transformation
• Negative Sentiment: Jim Cramer’s skeptical comments about BAC being “11 times earnings” and suggesting “something that’s not that great happening there” may have added a bit of caution to the stock’s narrative. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

Bank of America Stock Up 3.2%

NYSE:BAC opened at $54.06 on Friday. The firm has a market capitalization of $383.62 billion, a P/E ratio of 13.38, a PEG ratio of 0.89 and a beta of 1.18. Bank of America Corporation has a 1-year low of $43.66 and a 1-year high of $57.55. The company’s fifty day moving average price is $51.52 and its 200-day moving average price is $52.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, equities research analysts anticipate that Bank of America Corporation will post 4.45 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio is presently 27.72%.

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.