Aaron Wealth Advisors LLC Purchases 15,928 Shares of Bank of America Corporation $BAC

Aaron Wealth Advisors LLC lifted its position in shares of Bank of America Corporation (NYSE:BAC) by 21.2% in the 4th quarter, Holdings Channel reports. The fund owned 90,932 shares of the financial services provider’s stock after buying an additional 15,928 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Bank of America were worth $5,001,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Permanent Capital Management LP bought a new position in shares of Bank of America during the 3rd quarter worth $649,000. Meridian Wealth Management LLC grew its stake in shares of Bank of America by 54.6% during the 3rd 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. grew its stake in shares of Bank of America by 15.9% during the 3rd 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 period. World Equity Group Inc. grew its stake in shares of Bank of America by 21.8% during the 3rd 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 period. Finally, AdvisorShares Investments LLC bought a new position in Bank of America in the 3rd quarter worth about $482,000. Institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BAC shares. Evercore cut their target price on Bank of America from $59.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday. Barclays raised their target price on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Oppenheimer cut their target price on Bank of America from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, March 27th. TD Cowen cut their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Twenty-three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

Bank of America Stock Performance

NYSE:BAC opened at $50.07 on Tuesday. The business’s 50-day moving average price is $50.64 and its two-hundred day moving average price is $52.20. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The stock has a market cap of $357.75 billion, a P/E ratio of 13.07, a PEG ratio of 1.20 and a beta of 1.23. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

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 for the quarter, beating 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 firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Insider Activity at Bank of America

In related news, insider Bernard A. Mensah sold 94,000 shares of the firm’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 transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.30% of the company’s stock.

Bank of America News Roundup

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

• Positive Sentiment: Goldman Sachs raised its price target to $58 and kept a Buy rating, signaling confidence in BAC’s earnings and capital return potential. Goldman Sachs Adjusts Price Target
• Positive Sentiment: Recent analyst upgrades and bullish notes have put BAC back in focus, citing steady earnings, dividend/buyback capacity and attractive valuation versus fundamentals. Analyst Upgrades Put BAC Back in Focus
• Positive Sentiment: Multiple outlets (Zacks, MSN) highlight BAC as a long‑term buy thanks to earnings outlook and valuation — supportive for investor sentiment heading into Q1. Why BAC Is a Top Stock Long-Term
• Positive Sentiment: BofA research expects major U.S. banks to deliver solid Q1 results overall, which supports BAC’s near‑term outlook ahead of its April 15 report. US Banks Set to Deliver Solid Q1 Results
• Positive Sentiment: Strategic business news — a tri‑branded Royal Caribbean credit card with Bank of America — underscores ongoing card/loyalty revenue opportunities. Royal Caribbean & BofA Tri‑Branded Card
• Neutral Sentiment: Some sell‑side firms trimmed price targets (Autonomous to $54; Evercore to $55) but kept neutral/outperform views — mixed signals that limit downside conviction. Autonomous Lowers PT to $54 Evercore Lowers PT to $55
• Neutral Sentiment: Berkshire/Buffett coverage and value‑oriented writeups continue to underscore BAC as a cheap, core financial holding — supportive but not an immediate catalyst. Buffett Stock Value Piece
• Negative Sentiment: Analysts warn that the rate tailwind that boosted net interest income may be fading, which is a key risk for BAC’s near‑term revenue outlook heading into Q1 results. Rate Tailwind Is Fading

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.