Bank of America Corp. (NYSE:BAC) shares saw an uptick in trading volume on Thursday . 78,421,975 shares changed hands during trading, a decline of 4% from the previous session’s volume of 81,783,267 shares.The stock last traded at $15.91 and had previously closed at $16.14.

A number of research firms have recently weighed in on BAC. Wells Fargo & Co. reissued a “buy” rating on shares of Bank of America Corp. in a report on Saturday, July 9th. Royal Bank Of Canada reissued a “buy” rating on shares of Bank of America Corp. in a report on Saturday, July 9th. TheStreet raised Bank of America Corp. to a “buy” rating in a report on Thursday, May 26th. Deutsche Bank AG reissued a “buy” rating on shares of Bank of America Corp. in a report on Saturday, June 4th. Finally, Jefferies Group reissued a “buy” rating on shares of Bank of America Corp. in a report on Sunday, July 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Bank of America Corp. currently has an average rating of “Buy” and an average price target of $24.39.

The firm has a 50-day moving average price of $14.89 and a 200 day moving average price of $14.01. The stock has a market cap of $168.05 billion and a P/E ratio of 13.39.

Bank of America Corp. (NYSE:BAC) last posted its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $20.60 million for the quarter, compared to the consensus estimate of $20.41 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Bank of America Corp.’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts predict that Bank of America Corp. will post $1.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be given a dividend of $0.075 per share. This is a positive change from Bank of America Corp.’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.30 annualized dividend and a yield of 1.88%.

In related news, Director Thomas D. Woods purchased 25,000 shares of Bank of America Corp. stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $353,250.00. Following the transaction, the director now directly owns 32,459 shares in the company, valued at $458,645.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other institutional investors recently bought and sold shares of the company. Baird Financial Group Inc. raised its position in Bank of America Corp. by 8.0% in the fourth quarter. Baird Financial Group Inc. now owns 705,002 shares of the financial services provider’s stock valued at $11,865,000 after buying an additional 52,032 shares during the last quarter. AJO LP raised its stake in shares of Bank of America Corp. by 1.2% in the fourth quarter. AJO LP now owns 31,975,580 shares of the financial services provider’s stock worth $538,149,000 after buying an additional 368,745 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Bank of America Corp. by 5.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 29,935,015 shares of the financial services provider’s stock worth $503,807,000 after buying an additional 1,444,139 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of Bank of America Corp. by 7.8% in the fourth quarter. King Luther Capital Management Corp now owns 1,971,771 shares of the financial services provider’s stock worth $33,185,000 after buying an additional 142,617 shares in the last quarter. Finally, Braver Wealth Management LLC raised its stake in shares of Bank of America Corp. by 4.5% in the fourth quarter. Braver Wealth Management LLC now owns 269,167 shares of the financial services provider’s stock worth $4,530,000 after buying an additional 11,652 shares in the last quarter.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.

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