Bank of America Corporation $BAC Stake Lessened by Perpetual Ltd

Perpetual Ltd cut its stake in Bank of America Corporation (NYSE:BAC) by 50.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,342 shares of the financial services provider’s stock after selling 57,309 shares during the period. Perpetual Ltd’s holdings in Bank of America were worth $3,099,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Permanent Capital Management LP bought a new position in shares of Bank of America in the 3rd quarter worth about $649,000. Meridian Wealth Management LLC raised its stake in Bank of America by 54.6% during the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock worth $3,008,000 after acquiring an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. lifted its holdings in Bank of America by 15.9% in the third quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock worth $32,482,000 after acquiring an additional 86,290 shares during the last quarter. World Equity Group Inc. lifted its holdings in Bank of America by 21.8% in the third quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock worth $3,779,000 after acquiring an additional 13,119 shares during the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in Bank of America in the third quarter valued at approximately $482,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, the insider directly owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 227,832 shares of company stock valued at $11,094,960. Company insiders own 0.30% of the company’s stock.

Bank of America Stock Down 0.0%

BAC opened at $49.37 on Friday. The stock’s 50 day moving average price is $50.68 and its 200 day moving average price is $52.21. 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 stock has a market cap of $352.75 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 1.23. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.3%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Bank of America News Roundup

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

• Positive Sentiment: HSBC upgraded BAC to a “Buy,” a near‑term lift as a respected shop adding conviction to the stock amid broader bank‑sector momentum. HSBC Upgrades Bank of America
• Positive Sentiment: Barclays reiterated its Buy on BAC, reinforcing analyst support and likely helping limit downside from other negative headlines. Barclays Sticks to Its Buy Rating
• Positive Sentiment: Analysis highlights BAC’s robust capital‑return plan (record earnings, $40B buyback and steady dividend hikes) — a structural tailwind that supports the stock’s valuation and investor demand. Capital Return Strategy
• Neutral Sentiment: Preliminary approval of a $72.5M settlement with Epstein accusers removes some legal uncertainty but represents an immediate cash cost — mixed for near‑term EPS but clears an overhang. Settlement Approval
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — a portfolio/strategic holding disclosure that is unlikely to move BAC’s core earnings but is notable for asset‑management transparency. Qiagen Voting Stake
• Neutral Sentiment: Bank of America data on card‑spending trends (furniture/department stores down, gas station spending up) signals shifting consumer patterns that will shape fee and interchange trends — watch consumer credit and transaction volumes. Card Spending Trends
• Negative Sentiment: Morgan Stanley trimmed its BAC price target to $61 — a downward revision that can pressure sentiment even if the rating remains constructive. Morgan Stanley Cuts Price Target
• Negative Sentiment: A foiled bomb plot targeting a Bank of America Paris branch and subsequent remote‑work measures have drawn attention to the bank’s geopolitical and physical‑security exposure; while arrests and pre‑trial detentions reduce immediate threat, the headlines raise operational‑risk sensitivity. Foiled Paris Bomb Plot and Remote‑Work Shift

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BAC. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Jefferies Financial Group assumed coverage on Bank of America in a research note on Thursday, March 26th. They set a “buy” rating and a $60.00 price objective for the company. TD Cowen cut their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Finally, Barclays upped their price target on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus price target of $59.54.

Bank of America 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.