AIA Group Ltd Has $38.92 Million Holdings in Bank of America Corporation $BAC

Posted by ABMN Staff on Jul 19th, 2026

AIA Group Ltd grew its stake in Bank of America Corporation (NYSE:BAC) by 22.6% in the first quarter, HoldingsChannel.com reports. The fund owned 798,364 shares of the financial services provider’s stock after acquiring an additional 147,268 shares during the period. Bank of America makes up 0.6% of AIA Group Ltd’s investment portfolio, making the stock its 27th largest position. AIA Group Ltd’s holdings in Bank of America were worth $38,920,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Abound Financial LLC bought a new position in shares of Bank of America during the fourth quarter worth $26,000. Legacy Bridge LLC grew its holdings in shares of Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after buying an additional 330 shares during the period. Wiser Advisor Group LLC bought a new stake in shares of Bank of America in the 3rd quarter valued at $27,000. CrossGen Wealth LLC bought a new stake in shares of Bank of America in the 4th quarter valued at $30,000. Finally, Joseph Group Capital Management acquired a new stake in Bank of America during the 4th quarter worth $32,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Price Performance

NYSE:BAC opened at $61.18 on Friday. Bank of America Corporation has a 12-month low of $44.75 and a 12-month high of $62.12. The firm has a market capitalization of $434.16 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.98 and a beta of 1.17. The stock’s 50 day moving average price is $55.30 and its two-hundred day moving average price is $53.15. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $30.78 billion. During the same quarter last year, the company posted $0.89 EPS. Bank of America’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, analysts anticipate that Bank of America Corporation will post 4.64 earnings per share for the current year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is 25.69%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BAC shares. Citigroup increased their target price on Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Argus set a $70.00 price target on shares of Bank of America in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Bank of America in a research report on Tuesday. UBS Group raised their price objective on shares of Bank of America from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and an average target price of $63.77.

Read Our Latest Report on Bank of America

Insider Buying and Selling

In other news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider directly owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Bank of America News Summary

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

Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026
Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page
Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines
Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo

Bank of America Profile

(Free Report)

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.