Gould Asset Management LLC CA Has $328,000 Stock Holdings in Bank of America Corporation (NYSE:BAC)

Gould Asset Management LLC CA cut its position in Bank of America Corporation (NYSE:BAC) by 22.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,866 shares of the financial services provider’s stock after selling 2,278 shares during the period. Gould Asset Management LLC CA’s holdings in Bank of America were worth $328,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Graney & King LLC bought a new position in Bank of America in the 4th quarter valued at about $25,000. Vega Investment Solutions bought a new position in Bank of America in the 4th quarter valued at about $30,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Bank of America in the 4th quarter valued at about $31,000. Spurstone Advisory Services LLC bought a new position in Bank of America in the 4th quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in Bank of America by 53.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 797 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 276 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BAC has been the topic of several recent research reports. Argus dropped their price target on shares of Bank of America from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. TD Cowen initiated coverage on shares of Bank of America in a research report on Thursday, May 15th. They issued a “buy” rating and a $53.00 price target on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $52.00 price target on shares of Bank of America in a research report on Friday, June 27th. Cfra Research lifted their target price on shares of Bank of America to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Finally, Truist Financial lifted their target price on shares of Bank of America from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.89.

Bank of America Trading Down 0.6%

Shares of BAC stock opened at $46.71 on Monday. The company has a 50 day moving average of $44.99 and a 200-day moving average of $43.55. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 1.11. Bank of America Corporation has a 12-month low of $33.07 and a 12-month high of $49.31. The firm has a market cap of $351.81 billion, a P/E ratio of 13.90, a PEG ratio of 1.27 and a beta of 1.30.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. Bank of America had a net margin of 14.56% and a return on equity of 10.25%. The company had revenue of $27.37 billion during the quarter, compared to analyst estimates of $26.83 billion. Sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, June 6th. This represents a $1.04 annualized dividend and a dividend yield of 2.23%. Bank of America’s payout ratio is currently 30.95%.

Bank of America Company Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.