Capital Group Investment Management PTE. LTD. Acquires 49,761 Shares of Bank of America Corporation $BAC

Capital Group Investment Management PTE. LTD. boosted its holdings in Bank of America Corporation (NYSE:BAC) by 57.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,991 shares of the financial services provider’s stock after acquiring an additional 49,761 shares during the quarter. Bank of America accounts for about 1.2% of Capital Group Investment Management PTE. LTD.’s investment portfolio, making the stock its 18th largest position. Capital Group Investment Management PTE. LTD.’s holdings in Bank of America were worth $7,535,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Bank of America by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after acquiring an additional 23,351,183 shares during the last quarter. Capital World Investors increased its position 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. Norges Bank bought a new position in shares of Bank of America during the 4th quarter valued at about $4,774,210,000. Bank of New York Mellon Corp increased its position in shares of Bank of America by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after purchasing an additional 2,929,779 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Bank of America by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after purchasing an additional 1,105,833 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Insider Activity at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was 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 approximately $7,988,436.96. This represents a 35.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the transaction, the insider directly owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This represents a 8.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by corporate insiders.

Bank of America Trading Down 0.6%

NYSE BAC opened at $53.87 on Friday. Bank of America Corporation has a fifty-two week low of $43.66 and a fifty-two week high of $57.55. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $51.63 and a two-hundred day simple moving average of $52.30. The stock has a market cap of $382.27 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.18.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.11. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The business had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same quarter last year, the business posted $0.90 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts forecast that Bank of America Corporation will post 4.45 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is 27.72%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley reduced their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Evercore reduced their price objective on Bank of America from $70.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. HSBC increased their price objective on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group increased their price objective on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.06.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America announced a new cross-border real-time payments solution that will let corporate and institutional clients send and receive funds instantly via SWIFT or CashPro, a potentially meaningful growth driver for its global payments franchise. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Merrill, Bank of America’s wealth management unit, earned strong recognition across three 2026 Barron’s lists, reinforcing the quality of its advisory business and brand strength in wealth management. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Positive Sentiment: Multiple articles highlighted bullish views on BAC, including references to broad analyst optimism and BAC being viewed as a low-cost stock with upside potential, which can help support investor confidence. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Neutral Sentiment: Bank of America and other major U.S. banks are moving ahead with a shared tokenized deposit network, a strategic industry initiative that is important long term but not an immediate earnings catalyst. Big Banks Launch Tokenized Deposit Network to Fight Off Stablecoin Threat
• Neutral Sentiment: Bank of America also disclosed a 2.84% voting interest in QIAGEN, but the filing appears to be a routine ownership update rather than a major strategic shift for BAC. Bank of America Reports 2.84% Voting Interest in QIAGEN
• Negative Sentiment: Jim Cramer commented that something “not that great” may be happening at Bank of America, a bearish soundbite that could weigh on sentiment even though it was not tied to a specific fundamental warning. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

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.