Deutsche Bank AG Boosts Stake in Bank of America Corporation $BAC

Deutsche Bank AG raised its holdings in shares of Bank of America Corporation (NYSE:BAC) by 5.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,172,503 shares of the financial services provider’s stock after acquiring an additional 2,611,776 shares during the period. Bank of America makes up about 0.8% of Deutsche Bank AG’s investment portfolio, making the stock its 15th largest position. Deutsche Bank AG’s holdings in Bank of America were worth $2,594,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BAC. Paragon Private Wealth Management LLC lifted its position in Bank of America by 10.7% in the 4th quarter. Paragon Private Wealth Management LLC now owns 10,553 shares of the financial services provider’s stock worth $580,000 after buying an additional 1,016 shares during the last quarter. GW&K Investment Management LLC lifted its position in Bank of America by 4.6% in the 4th quarter. GW&K Investment Management LLC now owns 6,946 shares of the financial services provider’s stock worth $382,000 after buying an additional 307 shares during the last quarter. Marvin & Palmer Associates Inc. lifted its position in Bank of America by 6.5% in the 4th quarter. Marvin & Palmer Associates Inc. now owns 69,206 shares of the financial services provider’s stock worth $3,806,000 after buying an additional 4,204 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in Bank of America by 12.1% in the 4th quarter. Outlook Wealth Advisors LLC now owns 15,135 shares of the financial services provider’s stock worth $832,000 after buying an additional 1,633 shares during the last quarter. Finally, Portfolio Design Labs LLC lifted its position in Bank of America by 4.9% in the 4th quarter. Portfolio Design Labs LLC now owns 51,897 shares of the financial services provider’s stock worth $2,854,000 after buying an additional 2,418 shares during the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Trading Up 1.4%

Shares of BAC stock opened at $54.36 on Wednesday. The stock has a market capitalization of $385.75 billion, a PE ratio of 13.45, a P/E/G ratio of 0.91 and a beta of 1.18. Bank of America Corporation has a 1-year low of $43.66 and a 1-year high of $57.55. The business has a 50-day moving average of $51.88 and a 200 day moving average of $52.34. 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 (NYSE:BAC) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.11. The company had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.Bank of America’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. As a group, sell-side analysts anticipate that Bank of America Corporation will post 4.45 earnings per share for the current year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is 27.72%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BAC. Oppenheimer boosted their target price 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. Truist Financial boosted their target price on Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Piper Sandler boosted their target price on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. dropped their target price on Bank of America from $61.50 to $57.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, Argus increased their target price on Bank of America from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America said demand is rising for AI-led treasury, FX, trade and payments solutions in Asia Pacific, highlighting stronger client interest in higher-value digital banking services that could support fee growth. Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia Pacific
• Positive Sentiment: Co-President Jim DeMare said Bank of America’s trading revenue could exceed the firm’s 15% growth outlook for the second quarter, driven by strength in equities trading. Bank of America could exceed 15% market revenue growth in Q2
• Positive Sentiment: Bank of America also unveiled new payment initiatives, including a cross-border real-time payments service and participation in a tokenized deposit network, which reinforce its push into modern digital finance. Bank of America’s Real-Time Payments and Tokenized Deposits Push Could Be A Game Changer For BAC
• Positive Sentiment: The company is also using high-profile brand activity, including FIFA World Cup 2026 fan promotions, to boost visibility and consumer engagement. BofA Kicks Off FIFA World Cup 2026™ With 2 Million Free Fan Bands and Fan Experiences Nationwide
• Neutral Sentiment: Several headlines focused on Bank of America’s market commentary, including warnings about recession risk and “bear market signposts,” which may reflect a cautious macro view but do not directly change BAC’s operating results. BofA warns investors to take profits as 70% of the bank’s bear market signals flash red

Insider Buying and Selling

In other news, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were 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 approximately $7,988,436.96. This represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. 0.27% of the stock is currently owned by company insiders.

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.