Bank of America Corporation $BAC Shares Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC grew its position in Bank of America Corporation (NYSE:BAC) by 190.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,491 shares of the financial services provider’s stock after purchasing an additional 25,888 shares during the period. WealthPlan Investment Management LLC’s holdings in Bank of America were worth $2,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hills Bank & Trust Co lifted its stake in shares of Bank of America by 20.6% in the 4th quarter. Hills Bank & Trust Co now owns 9,663 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 1,649 shares in the last quarter. Qsemble Capital Management LP lifted its stake in shares of Bank of America by 92.4% in the 4th quarter. Qsemble Capital Management LP now owns 202,982 shares of the financial services provider’s stock valued at $11,164,000 after purchasing an additional 97,460 shares in the last quarter. Lawood & Co. acquired a new position in shares of Bank of America in the 4th quarter valued at about $760,000. DNB Asset Management AS lifted its stake in shares of Bank of America by 4.2% in the 4th quarter. DNB Asset Management AS now owns 4,832,975 shares of the financial services provider’s stock valued at $265,814,000 after purchasing an additional 192,672 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Bank of America by 49.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 264,474 shares of the financial services provider’s stock valued at $14,546,000 after purchasing an additional 87,260 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Price Performance

Shares of BAC opened at $49.77 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. Bank of America Corporation has a 12 month low of $42.35 and a 12 month high of $57.55. The stock has a fifty day moving average price of $50.40 and a 200 day moving average price of $52.44. The company has a market cap of $353.18 billion, a P/E ratio of 12.32, a PEG ratio of 0.84 and a beta of 1.21.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, research analysts forecast that Bank of America Corporation will post 4.46 earnings per share for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, June 5th. Bank of America’s payout ratio is 27.72%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Robert W. Baird boosted their price target on Bank of America from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Oppenheimer boosted their price target on Bank of America from $58.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Jefferies Financial Group boosted their price target on Bank of America from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America was highlighted in a market piece favoring large banks because deteriorating credit conditions in the second half of 2026 could make bigger, diversified lenders like BAC relatively more attractive. Best Bank Stocks to Buy in 2026
• Positive Sentiment: Bank of America received a boost to its reputation for digital banking after tying for first place in Keynova Group’s digital banking experience ranking, which may support customer retention and long-term competitiveness. Bank Of America’s Digital Win And What It Means For Investors

Insiders Place Their Bets

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on 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 transaction, the insider owned 170,184 shares of the company’s stock, valued at $7,988,436.96. This trade represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 354,588 shares of company stock worth $17,814,296. Insiders own 0.27% of the company’s stock.

Bank of America 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.