Dorato Capital Management Makes New Investment in Bank of America Corporation $BAC

Dorato Capital Management acquired a new position in Bank of America Corporation (NYSE:BAC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,957 shares of the financial services provider’s stock, valued at approximately $1,047,000. Bank of America makes up about 0.8% of Dorato Capital Management’s holdings, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Fisher Asset Management LLC grew its stake in Bank of America by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock worth $2,717,657,000 after buying an additional 1,272,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Bank of America by 640.5% during 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 buying an additional 40,235,201 shares in the last quarter. Legal & General Group Plc increased its position in Bank of America by 3.4% during 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 buying an additional 1,458,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Bank of America by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 30,648,910 shares of the financial services provider’s stock valued at $1,581,350,000 after buying an additional 640,462 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BAC shares. The Goldman Sachs Group dropped their price target on Bank of America from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. JPMorgan Chase & Co. increased their price objective on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. CICC Research assumed coverage on shares of Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Bank of America in a report on Thursday, March 26th. They issued a “buy” rating and a $60.00 price target for the company. Twenty-three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.54.

Insider Transactions at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the transaction, the insider owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 227,832 shares of company stock valued at $11,094,960 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Bank of America Stock Up 0.2%

NYSE:BAC opened at $49.37 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company’s fifty day moving average price is $50.73 and its 200-day moving average price is $52.21. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The firm has a market capitalization of $352.75 billion, a P/E ratio of 12.89, a PEG ratio of 1.20 and a beta of 1.23.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, equities research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Barclays reiterated a Buy rating on BAC, endorsing the stock amid favorable fundamentals and helping support investor demand. Barclays Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: HSBC upgraded BAC from Hold to Buy and set a higher price target, another vote of confidence that can buoy sentiment among institutional buyers. Bank of America was upgraded by HSBC
• Positive Sentiment: Analysts continue to point to rising net interest income and strong capital-return plans (including a $40B buyback program and steady dividend increases), which underpin earnings outlook and make BAC more attractive. Bank of America’s Robust Capital Return Strategy: What’s Fueling It?
• Neutral Sentiment: Morgan Stanley trimmed its price target on BAC but kept an Overweight (positive) rating — a mixed signal: still bullish institutional view, but slightly tempered upside expectations. Morgan Stanley Adjusts Price Target on Bank of America
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — an incremental portfolio move by BAC’s investment arm that isn’t material to BAC’s core bank fundamentals. Bank of America Discloses 3.01% Voting Stake in Qiagen
• Neutral Sentiment: Data from BofA’s card-spending tracker shows shifting consumer patterns (furniture and department store spend down, gas station sales up) — useful macro signals for loan/fee trends but not an immediate company-level catalyst. Card spending at furniture, department stores fall as gas station sales surge: Bank of America
• Negative Sentiment: BAC reached a preliminary approval for a $72.5 million settlement tied to claims related to Jeffrey Epstein — a modest but negative legal/settlement headline that can weigh on sentiment. Bank of America’s $72.5 million settlement with Epstein accusers wins preliminary approval
• Negative Sentiment: French authorities have detained suspects in a foiled bombing plot against BofA’s Paris office; security and reputational concerns can create headline risk even if financial impact is limited. Four suspects in foiled BofA Paris bombing put in pre-trial detention
• Negative Sentiment: BofA strategists warned of a “mild stagflation” risk with oil near $100, flagging slower growth and higher inflation — a macro scenario that could pressure loan growth and credit costs across banks. BofA Warns of ‘Mild Stagflation’ as Oil May Remain at $100 Throughout the Year
• Negative Sentiment: Reports that Warren Buffett materially reduced his BAC holdings have circulated — a high‑profile sale that can create short‑term investor nervousness despite differing long-term interpretations. Warren Buffett Went Out With a Bang by Selling 50% of His Bank of America Stake

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.