Quilter Plc Has $83.41 Million Stake in Bank of America Corporation $BAC

Quilter Plc lowered its position in Bank of America Corporation (NYSE:BAC) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,516,556 shares of the financial services provider’s stock after selling 28,733 shares during the quarter. Bank of America accounts for approximately 1.4% of Quilter Plc’s portfolio, making the stock its 25th biggest holding. Quilter Plc’s holdings in Bank of America were worth $83,411,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BAC. Permanent Capital Management LP acquired a new stake in Bank of America during the third quarter worth approximately $649,000. Meridian Wealth Management LLC boosted its stake in Bank of America by 54.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. grew its holdings in Bank of America by 15.9% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after buying an additional 86,290 shares in the last quarter. World Equity Group Inc. increased its position in Bank of America by 21.8% during the 3rd quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock worth $3,779,000 after buying an additional 13,119 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Bank of America during the third quarter worth $482,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 227,832 shares of company stock worth $11,094,960. Company insiders own 0.30% of the company’s stock.

Bank of America News Roundup

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

• Positive Sentiment: HSBC upgraded BAC to a “Buy,” a near‑term lift as a respected shop adding conviction to the stock amid broader bank‑sector momentum. HSBC Upgrades Bank of America
• Positive Sentiment: Barclays reiterated its Buy on BAC, reinforcing analyst support and likely helping limit downside from other negative headlines. Barclays Sticks to Its Buy Rating
• Positive Sentiment: Analysis highlights BAC’s robust capital‑return plan (record earnings, $40B buyback and steady dividend hikes) — a structural tailwind that supports the stock’s valuation and investor demand. Capital Return Strategy
• Neutral Sentiment: Preliminary approval of a $72.5M settlement with Epstein accusers removes some legal uncertainty but represents an immediate cash cost — mixed for near‑term EPS but clears an overhang. Settlement Approval
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — a portfolio/strategic holding disclosure that is unlikely to move BAC’s core earnings but is notable for asset‑management transparency. Qiagen Voting Stake
• Neutral Sentiment: Bank of America data on card‑spending trends (furniture/department stores down, gas station spending up) signals shifting consumer patterns that will shape fee and interchange trends — watch consumer credit and transaction volumes. Card Spending Trends
• Negative Sentiment: Morgan Stanley trimmed its BAC price target to $61 — a downward revision that can pressure sentiment even if the rating remains constructive. Morgan Stanley Cuts Price Target
• Negative Sentiment: A foiled bomb plot targeting a Bank of America Paris branch and subsequent remote‑work measures have drawn attention to the bank’s geopolitical and physical‑security exposure; while arrests and pre‑trial detentions reduce immediate threat, the headlines raise operational‑risk sensitivity. Foiled Paris Bomb Plot and Remote‑Work Shift

Bank of America Trading Down 0.0%

NYSE BAC opened at $49.37 on Monday. The stock has a market capitalization of $352.75 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 1.23. The business has a 50 day simple moving average of $50.68 and a 200 day simple moving average of $52.22. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55.

Bank of America (NYSE:BAC) last issued its quarterly 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 firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Truist Financial lowered their target price on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Finally, CICC Research began coverage on shares of Bank of America in a report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price target for the company. Twenty-three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.54.

Bank of America Company Profile

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.