Argentarii LLC Has $1.95 Million Position in Bank of America Corporation $BAC

Argentarii LLC raised its holdings in Bank of America Corporation (NYSE:BAC) by 386.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 35,529 shares of the financial services provider’s stock after purchasing an additional 28,220 shares during the period. Argentarii LLC’s holdings in Bank of America were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BAC. Capital World Investors boosted its position in shares of Bank of America by 11.0% in the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Norges Bank acquired a new position in shares of Bank of America during the 2nd quarter worth about $5,091,641,000. Fisher Asset Management LLC increased its stake in shares of Bank of America by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock valued at $2,717,657,000 after acquiring an additional 1,272,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 last quarter. Finally, Legal & General Group Plc raised its position in shares of 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. Institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BAC. Keefe, Bruyette & Woods decreased their price objective on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Barclays increased their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Morgan Stanley reduced their target price on Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. Evercore set a $59.00 target price on Bank of America in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and a consensus target price of $59.88.

Insider Activity at Bank of America

In other news, 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 directly owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the transaction, the insider owned 170,184 shares of the company’s stock, valued at $7,988,436.96. The trade was a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.30% of the company’s stock.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Launched a Private Capital M&A Group to help private equity firms exit portfolio companies — could drive incremental investment‑banking fee revenue if PE deal flow ramps. Bank Of America Launches Private Capital M&A Unit
• Positive Sentiment: Merrill and Bank of America Private Bank rolled out an AI‑Powered Meeting Journey to automate advisor prep, notetaking and follow-up — could reduce advisor time/costs and help retain/grow advisory AUM and revenue. Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey
• Positive Sentiment: Jefferies initiated coverage with a Buy and $60 price target — a visible analyst vote of confidence that can support buy-side interest and help sentiment if other shops follow. Jefferies Starts Coverage (Benzinga link)
• Neutral Sentiment: BofA research continues to lead calls in AI/infra names (e.g., bullish takes on Nebius/CoreWeave) — highlights the strength of its equities/research business but has only an indirect impact on BAC’s own stock. Nebius (NBIS) Stock Surges on BofA Buy Rating as AI Cloud 3.5 Platform Debuts
• Negative Sentiment: Goldman reduced its price target on BAC from $67 to $57 while maintaining a Buy — the cut removes some upside and can weigh on sentiment in the near term. Goldman Sachs Lowers Bank of America (BAC) Price Target to $57
• Negative Sentiment: Broader financials weakness (XLF weakness, compressed net interest margins and mortgage headwinds) is pressuring BAC alongside the sector — macro/sector trends remain the largest near-term drag.

Bank of America Stock Performance

BAC opened at $48.21 on Friday. The company has a market capitalization of $344.49 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.19 and a beta of 1.28. The business’s 50-day moving average price is $51.15 and its two-hundred day moving average price is $52.28. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. Bank of America’s dividend payout ratio (DPR) is 29.24%.

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.