Moore Capital Management LP Has $135.60 Million Position in Bank of America Corporation $BAC

Moore Capital Management LP boosted its holdings in Bank of America Corporation (NYSE:BAC) by 2.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,628,480 shares of the financial services provider’s stock after buying an additional 55,840 shares during the quarter. Bank of America accounts for 1.9% of Moore Capital Management LP’s holdings, making the stock its 5th largest position. Moore Capital Management LP’s holdings in Bank of America were worth $135,603,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Steph & Co. boosted its stake in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. Collier Financial acquired a new position in shares of Bank of America in the 3rd quarter worth $30,000. Marquette Asset Management LLC acquired a new stake in shares of Bank of America during the third quarter worth $30,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Bank of America during the third quarter valued at $31,000. Finally, Wealth Preservation Advisors LLC lifted its holdings in shares of Bank of America by 48.7% during the second quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Insider Buying and Selling

In related news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were 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 in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is owned by company insiders.

Bank of America Stock Up 0.8%

NYSE:BAC opened at $47.07 on Tuesday. The business’s fifty day moving average price is $52.32 and its 200 day moving average price is $52.46. The firm has a market capitalization of $337.84 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.14 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the company posted $0.82 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is 29.24%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Argus lifted their price target on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Erste Group Bank cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target 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. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

More Bank of America News

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

• Positive Sentiment: Management update: Bank of America said Q1 net interest income is tracking at least 7% higher year‑over‑year, which supports margin and EPS outlooks that investors watch closely for banks. This operational beat/guide helped justify buying interest. Bank of America Corporation (BAC) Says Q1 Net Interest Income Is Tracking at Least 7% Higher Year Over Year
• Positive Sentiment: Analyst/valuation support: Market commentary highlights BAC as an oversold large‑cap with a Moderate Buy analyst consensus and a ~ $60 price target, framing the stock as a value/income play (forward P/E low, dividend yield). That narrative can attract value‑oriented flows. 5 Oversold Large-Cap Stocks That May Be Worth Buying Soon (BAC)
• Neutral Sentiment: Macro/commodity research from BofA: The bank’s research team lifted its Brent forecast and is flagging elevated war risks (Iran) that are re‑shaping commodity and macro assumptions. This can raise trading volatility and affect sector positioning but is an indirect driver for BAC itself. Hormuz Closure Resets The Math For These 14 Oil Stocks, Analyst Says
• Neutral Sentiment: Regulatory/holding notices: Small disclosure filings show Bank of America adjusted stakes in some European companies (Umicore, TCM Group), which are routine block/portfolio moves and unlikely to drive BAC’s price materially. Umicore – Transparency notifications by Bank of America Corporation
• Negative Sentiment: Legal overhang: The bank agreed to settle a class action brought by Jeffrey Epstein’s victims accusing it of failing to report suspicious transactions. Settlement removes some uncertainty but creates direct reputational and potential cash‑cost implications that investors view as a liability. Bank of America Agrees to Settle Lawsuit Over Jeffrey Epstein Ties, U.S. Court Says
• Negative Sentiment: Insider selling: A key executive (Bernard Mensah) filed a sale of roughly $4.4M in shares. Insider sales can prompt questions about timing/conviction even though they’re often routine; it’s a modest headwind for sentiment. Bank of America’s (BAC) Key Insider Sells $4.4M in Stock. Should Investors Worry?

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.