Bank of America Corporation $BAC Stock Position Increased by Capricorn Fund Managers Ltd

Posted by ABMN Staff on Jul 1st, 2026

Capricorn Fund Managers Ltd boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 2,008.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 537,000 shares of the financial services provider’s stock after acquiring an additional 511,535 shares during the period. Bank of America makes up approximately 4.1% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 2nd largest position. Capricorn Fund Managers Ltd’s holdings in Bank of America were worth $26,179,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Handelsbanken Fonder AB raised its stake in Bank of America by 53.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock valued at $254,625,000 after purchasing an additional 1,603,080 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in Bank of America by 11.2% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 677,919 shares of the financial services provider’s stock valued at $34,974,000 after purchasing an additional 68,093 shares in the last quarter. Legal & General Group Plc boosted its stake in Bank of America by 3.4% during the 4th quarter. Legal & General Group Plc now owns 45,411,913 shares of the financial services provider’s stock worth $2,497,655,000 after purchasing an additional 1,487,809 shares during the last quarter. Certuity LLC grew its holdings in shares of Bank of America by 5.1% during the third quarter. Certuity LLC now owns 523,113 shares of the financial services provider’s stock worth $26,987,000 after buying an additional 25,268 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Bank of America by 2.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,905,348 shares of the financial services provider’s stock worth $159,794,000 after buying an additional 71,307 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Down 1.6%

BAC opened at $56.97 on Wednesday. Bank of America Corporation has a 52 week low of $44.75 and a 52 week high of $59.19. The business has a fifty day simple moving average of $53.51 and a 200-day simple moving average of $52.73. The firm has a market cap of $404.31 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.97 and a beta of 1.18. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) 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 firm had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the company earned $0.90 EPS. Bank of America’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Bank of America Corporation will post 4.48 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. Bank of America’s payout ratio is 27.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BAC. UBS Group raised their price target on shares of Bank of America from $62.00 to $63.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $59.00 price objective on shares of Bank of America in a report on Thursday, April 16th. Robert W. Baird raised their target price on shares of Bank of America from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Jefferies Financial Group upped their price target on Bank of America from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Oppenheimer cut Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Bank of America presently has an average rating of “Moderate Buy” and an average target price of $61.60.

Get Our Latest Research Report on BAC

Bank of America News Summary

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

Positive Sentiment: Morgan Stanley raised its price target on Bank of America to $67 from $61 and kept an Overweight rating, reinforcing a bullish Wall Street view of BAC’s earnings power and valuation upside. Morgan Stanley raises price target on Bank of America
Positive Sentiment: Separate coverage continued to point to Bank of America as a long-term holding and highlighted favorable positioning versus other megabanks, which can support investor sentiment around the stock. Bank Of America Corp (BAC) Is A Long Time Berkshire Hathaway Holding
Positive Sentiment: Bank of America also received coverage tied to a constructive view on markets and chip-sector demand, signaling that its research franchise is still producing influential calls that can bolster the company’s market profile. Bank of America Details How ‘Micron/Anthropic Partnership’ Locks In ‘Greater Confidence in 2-3-Year Supply/Demand/Pricing Visibility’

Insiders Place Their Bets

In related news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were 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 $72,803,774.97. This represents a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

About Bank of America

(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.