Bank of America Corporation $BAC Holdings Raised by Verum Partners LLC

Verum Partners LLC boosted its stake in Bank of America Corporation (NYSE:BAC) by 340.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,654 shares of the financial services provider’s stock after buying an additional 44,578 shares during the period. Verum Partners LLC’s holdings in Bank of America were worth $3,171,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BAC. EdgeRock Capital LLC lifted its position in Bank of America by 4.8% in the fourth quarter. EdgeRock Capital LLC now owns 7,257 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 330 shares during the period. Emergent Wealth Advisors LLC acquired a new position in shares of Bank of America during the 4th quarter valued at $296,000. Accurate Wealth Management LLC raised its stake in shares of Bank of America by 6.6% in the 4th quarter. Accurate Wealth Management LLC now owns 46,337 shares of the financial services provider’s stock worth $2,588,000 after buying an additional 2,883 shares in the last quarter. Generate Investment Management Ltd raised its stake in shares of Bank of America by 31.5% in the 4th quarter. Generate Investment Management Ltd now owns 574,686 shares of the financial services provider’s stock worth $31,608,000 after buying an additional 137,631 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Bank of America by 9.7% in the fourth quarter. Tradewinds Capital Management LLC now owns 11,266 shares of the financial services provider’s stock valued at $620,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Jefferies initiated coverage with a “Buy” and $60 price target, adding fresh bullish analyst support and suggesting ~27% upside from current levels. Read
• Positive Sentiment: Bank of America formed a Private Capital M&A group to advise private equity exits — a strategic move that can expand fee pools for the investment bank and help offset pressure in other areas. Article
• Positive Sentiment: Merrill and Bank of America Private Bank rolled out an AI‑Powered Meeting Journey to save advisors time and improve client workflows — a productivity/retention leaver for wealth management revenue. Press Release
• Neutral Sentiment: Corporate/social partnership: Watson Links and Bank of America expanded youth golf access — positive PR but limited near‑term revenue impact. PR
• Neutral Sentiment: Bank of America Securities continues active research coverage and reiterations on other companies (AstraZeneca, Arrowhead, Wave, etc.), highlighting the firm’s research franchise but with limited direct impact on BAC stock. Research Note
• Negative Sentiment: Oppenheimer cut its price target from $63 to $58 (still “Outperform”) — the lower target reduces upside expectations and can pressure the stock. Article
• Negative Sentiment: Goldman Sachs lowered its price target to $57 earlier this week — another analyst trim hitting sentiment after recent highs. Article
• Negative Sentiment: Coverage noted Bank of America “balances” costs from an Epstein settlement while advancing AI advisor tools — ongoing legal/settlement headlines can create headline risk and investor caution. Article

Wall Street Analyst Weigh In

BAC has been the topic of a number of research analyst reports. Oppenheimer lowered their target price on Bank of America from $63.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday. Argus raised their price objective on shares of Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Evercore set a $59.00 price objective on shares of Bank of America in a research note on Thursday, January 15th. Wells Fargo & Company boosted their target price on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Wolfe Research cut shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.67.

Insiders Place Their Bets

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the transaction, the insider owned 170,184 shares of the company’s stock, valued at $7,988,436.96. The trade was a 35.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, the insider directly owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is currently owned by company insiders.

Bank of America Trading Down 2.5%

Bank of America stock opened at $47.01 on Friday. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $335.93 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.17 and a beta of 1.28. The company has a 50 day moving average price of $51.03 and a 200 day moving average price of $52.26.

Bank of America (NYSE:BAC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. Research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

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.