7,935 Shares in Bank of America Co. (NYSE:BAC) Acquired by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. bought a new position in shares of Bank of America Co. (NYSE:BAC) during the 4th quarter, HoldingsChannel reports. The firm bought 7,935 shares of the financial services provider’s stock, valued at approximately $267,000.

A number of other institutional investors have also added to or reduced their stakes in BAC. Roundview Capital LLC raised its position in Bank of America by 1.5% during the first quarter. Roundview Capital LLC now owns 135,764 shares of the financial services provider’s stock valued at $5,596,000 after purchasing an additional 2,013 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Bank of America by 150.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,985 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 1,192 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Bank of America by 4.2% during the 1st quarter. NewEdge Advisors LLC now owns 405,098 shares of the financial services provider’s stock valued at $16,698,000 after purchasing an additional 16,319 shares during the last quarter. First Western Trust Bank bought a new stake in Bank of America in the first quarter worth $586,000. Finally, Pearl River Capital LLC purchased a new stake in Bank of America during the first quarter valued at about $534,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Stock Up 1.8 %

BAC stock traded up $0.63 during trading on Thursday, hitting $35.86. 30,500,831 shares of the stock traded hands, compared to its average volume of 41,378,727. Bank of America Co. has a 1 year low of $24.96 and a 1 year high of $38.35. The stock has a market cap of $282.96 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39. The firm’s 50 day moving average is $35.55 and its two-hundred day moving average is $32.21. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.80.

Bank of America (NYSE:BAC) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. Bank of America had a return on equity of 10.88% and a net margin of 13.94%. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $25.49 billion. During the same period last year, the business posted $0.94 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Bank of America Co. will post 3.13 EPS for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Thursday, February 29th. Bank of America’s dividend payout ratio (DPR) is 33.22%.

Analysts Set New Price Targets

Several research firms recently weighed in on BAC. Evercore ISI lifted their price target on shares of Bank of America from $37.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Oppenheimer reduced their price target on shares of Bank of America from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays raised their price objective on shares of Bank of America from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. HSBC reiterated a “hold” rating and set a $39.00 target price (up previously from $38.00) on shares of Bank of America in a report on Thursday, March 28th. Finally, Erste Group Bank upgraded Bank of America from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.29.

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.