Delta Global Management LP Acquires 9,287 Shares of Bank of America Corporation $BAC

Posted by Alphonse Anthony on Jul 26th, 2026

Delta Global Management LP increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 372,147 shares of the financial services provider’s stock after acquiring an additional 9,287 shares during the period. Bank of America accounts for approximately 1.5% of Delta Global Management LP’s portfolio, making the stock its 22nd biggest position. Delta Global Management LP’s holdings in Bank of America were worth $18,142,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Abound Financial LLC bought a new stake in Bank of America during the 4th quarter worth about $26,000. Legacy Bridge LLC grew its holdings in shares of Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 330 shares in the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Bank of America in the third quarter valued at about $27,000. CrossGen Wealth LLC acquired a new stake in shares of Bank of America in the fourth quarter valued at about $30,000. Finally, Joseph Group Capital Management bought a new stake in Bank of America during the fourth quarter worth about $32,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Up 1.2%

Shares of Bank of America stock opened at $62.00 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The business has a fifty day simple moving average of $56.42 and a two-hundred day simple moving average of $53.36. Bank of America Corporation has a 1 year low of $44.75 and a 1 year high of $62.28. The company has a market capitalization of $439.96 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.99 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.08. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. Research analysts forecast that Bank of America Corporation will post 4.65 EPS for the current year.

Bank of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, September 4th. Bank of America’s dividend payout ratio is presently 25.69%.

Key Bank of America News

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

Positive Sentiment: Bank of America raised its quarterly dividend by 14% to $0.32 per share, a clear signal of strong capital generation and management’s commitment to shareholder returns. Bank of America hikes common stock dividend by 14%
Positive Sentiment: The dividend boost was also highlighted in company announcements and market coverage, likely supporting sentiment that BAC’s balance sheet and earnings power remain solid. Bank of America Increases Common Stock Dividend 14% to 0.32 Per Share
Positive Sentiment: Bank of America also continued to get attention for its investment research, including bullish calls on AI beneficiaries like Micron and Alphabet, which can reinforce the firm’s reputation and market visibility. Why BofA Thinks Micron Stock Could Be One of AI’s Biggest Long-Term Winners
Neutral Sentiment: One report noted Bank of America’s well-known stock-market “sell signal” indicator is at its highest level since 2021, which may be seen as a cautionary macro signal rather than a direct BAC-specific issue. BofA’s famed sell signal for stocks is at its highest level since 2021
Neutral Sentiment: Additional coverage on federal debt, inflation, and global bond weakness reflects the broader macro backdrop BAC operates in, but these items do not directly change the bank’s near-term fundamentals. Trump Called Himself the ‘King of Debt.’ Now Bank of America Says the U.S. Will Spend $2 Trillion More Than It Brings In This Year

Insider Activity

In other news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the transaction, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on BAC shares. Keefe, Bruyette & Woods increased their price target on Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on Bank of America from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group increased their price objective on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Oppenheimer cut shares of Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Citigroup boosted their target price on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Twenty-one equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.77.

View Our Latest Stock Analysis on Bank of America

Bank of America Profile

(Free Report)

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.