Bank of America Corporation $BAC Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Bank of America Corporation (NYSE:BAC) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,159,380 shares of the financial services provider’s stock after selling 15,590 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Bank of America were worth $59,812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BAC. Albion Financial Group UT raised its stake in Bank of America by 1.6% in the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 205 shares during the last quarter. Motive Wealth Advisors boosted its stake in Bank of America by 3.6% during the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 205 shares during the last quarter. Howard Financial Services LTD. grew its holdings in shares of Bank of America by 2.5% during the third quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock worth $439,000 after buying an additional 205 shares in the last quarter. Wynn Capital LLC raised its position in shares of Bank of America by 0.4% in the third quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock valued at $2,428,000 after buying an additional 207 shares during the last quarter. Finally, Accelerate Investment Advisors LLC lifted its stake in shares of Bank of America by 4.7% in the third quarter. Accelerate Investment Advisors LLC now owns 4,637 shares of the financial services provider’s stock worth $239,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Q4 results beat expectations: solid EPS, revenue and management commentary that pointed to continued net‑interest‑income growth and broad-based trading strength — a fundamental reason investors have confidence in BAC’s earnings power. Read More.
• Positive Sentiment: Analyst upgrades/price‑target lifts: Goldman Sachs raised its PT to $65 (maintained Buy) and Argus raised its PT to $59 (Buy), providing buy‑side support and signaling upside versus the current price. Read More. Read More.
• Neutral Sentiment: Mixed analyst tweaks: several firms trimmed price targets after the quarter (e.g., TD Cowen, Keefe Bruyette & Woods, Truist) but mostly kept Buy/Outperform ratings — reduces upside estimates but keeps institutional backing intact. Read More.
• Neutral Sentiment: Crypto testing rumor: unconfirmed reports that BofA is testing Ripple’s XRP for cross‑border payments — interesting for strategic innovation but unverified and unlikely to be an immediate earnings driver. Read More.
• Negative Sentiment: Sector and sentiment drag: big‑bank shares pulled back after earnings overall as investors punished high valuations and reacted to mixed forward commentary — this sentiment pressure hit BAC despite the beat. Read More.
• Negative Sentiment: Deposit and policy risk: CEO comments flagged that interest‑bearing stablecoins could drain deposits (study‑based estimate up to $6T), a structural risk if regulators allow yield‑paying crypto products — this raises concerns about future lending capacity and margins. Read More.

Bank of America Price Performance

BAC stock opened at $52.53 on Friday. The business has a fifty day moving average of $54.17 and a two-hundred day moving average of $51.16. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $383.59 billion, a price-to-earnings ratio of 13.72 and a beta of 1.29. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, research analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Wall Street Analyst Weigh In

A number of analysts have commented on BAC shares. Argus increased their price objective on shares of Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen dropped their price target on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. UBS Group boosted their price objective on Bank of America from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, Hsbc Global Res raised Bank of America from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.74.

About Bank of America

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.