Capital Advisors Inc. OK maintained its position in Bank of America Corp. (NYSE:BAC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,149 shares of the financial services provider’s stock at the end of the second quarter. Capital Advisors Inc. OK’s holdings in Bank of America Corp. were worth $1,223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BAC. Dodge & Cox increased its stake in shares of Bank of America Corp. by 15.4% in the first quarter. Dodge & Cox now owns 215,803,933 shares of the financial services provider’s stock worth $2,917,669,000 after buying an additional 28,729,070 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Bank of America Corp. by 1.5% in the first quarter. Geode Capital Management LLC now owns 87,569,260 shares of the financial services provider’s stock worth $1,181,634,000 after buying an additional 1,269,999 shares during the last quarter. Boston Partners increased its stake in shares of Bank of America Corp. by 7.6% in the second quarter. Boston Partners now owns 63,277,140 shares of the financial services provider’s stock worth $839,687,000 after buying an additional 4,496,223 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Bank of America Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 60,367,312 shares of the financial services provider’s stock worth $816,166,000 after buying an additional 4,683,007 shares during the last quarter. Finally, ING Groep NV increased its stake in shares of Bank of America Corp. by 1.1% in the second quarter. ING Groep NV now owns 56,348,622 shares of the financial services provider’s stock worth $747,183,000 after buying an additional 600,846 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Bank of America Corp. (NYSE:BAC) traded up 0.83% during mid-day trading on Wednesday, reaching $15.73. The company’s stock had a trading volume of 41,219,133 shares. The company has a market capitalization of $165.42 billion, a PE ratio of 13.19 and a beta of 1.67. Bank of America Corp. has a 1-year low of $10.99 and a 1-year high of $18.09. The firm has a 50 day moving average price of $15.40 and a 200-day moving average price of $14.29.

Bank of America Corp. (NYSE:BAC) last released its earnings results on Monday, July 18th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Bank of America Corp. had a return on equity of 6.23% and a net margin of 16.31%. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $20.41 billion. During the same quarter last year, the business posted $0.45 EPS. Bank of America Corp.’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Bank of America Corp. will post $1.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, August 31st. This is an increase from Bank of America Corp.’s previous quarterly dividend of $0.05. Bank of America Corp.’s dividend payout ratio (DPR) is currently 24.59%.

A number of brokerages recently issued reports on BAC. Credit Suisse Group AG reissued an “outperform” rating and set a $18.00 price objective on shares of Bank of America Corp. in a research report on Thursday, July 7th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $19.00 price objective (up from $17.00) on shares of Bank of America Corp. in a research report on Friday, September 16th. Royal Bank Of Canada reissued a “buy” rating on shares of Bank of America Corp. in a research report on Saturday, July 9th. Vetr raised Bank of America Corp. from a “hold” rating to a “buy” rating and set a $16.56 target price for the company in a research report on Monday, August 29th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Bank of America Corp. in a research report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $25.04.

In other news, Director Thomas D. Woods bought 25,000 shares of Bank of America Corp. stock in a transaction on Tuesday, August 2nd. The shares were bought at an average price of $14.13 per share, with a total value of $353,250.00. Following the acquisition, the director now directly owns 32,459 shares in the company, valued at approximately $458,645.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

About Bank of America Corp.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.

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