Bank of America Corporation $BAC Shares Acquired by OFI Invest Asset Management

OFI Invest Asset Management raised its holdings in shares of Bank of America Corporation (NYSE:BAC) by 11.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,080,863 shares of the financial services provider’s stock after buying an additional 115,139 shares during the quarter. Bank of America accounts for approximately 0.8% of OFI Invest Asset Management’s investment portfolio, making the stock its 27th biggest holding. OFI Invest Asset Management’s holdings in Bank of America were worth $59,447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in BAC. Brighton Jones LLC boosted its position in shares of Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after acquiring an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 6,174 shares in the last quarter. Jump Financial LLC boosted its position in shares of Bank of America by 38.4% during the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock worth $3,108,000 after acquiring an additional 18,227 shares in the last quarter. Acorn Wealth Advisors LLC acquired a new position in shares of Bank of America during the 2nd quarter worth about $206,000. Finally, Sentinus LLC boosted its position in shares of Bank of America by 22.5% during the 2nd quarter. Sentinus LLC now owns 6,019 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 1,105 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Up 3.2%

Bank of America stock opened at $51.91 on Thursday. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $370.90 billion, a P/E ratio of 13.55, a PEG ratio of 1.20 and a beta of 1.23. The stock has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $52.19.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Equities 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 company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

Analysts Set New Price Targets

BAC has been the subject of several analyst reports. Autonomous Res lowered their price objective on Bank of America from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company upped their price objective on Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Argus upped their price objective on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Jefferies Financial Group began coverage on Bank of America in a report on Thursday, March 26th. They issued a “buy” rating and a $60.00 target price for the company. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.10.

Bank of America News Summary

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

• Positive Sentiment: Bank of America is highlighted as the No.1 outsourced chief investment office (OCIO) provider for nonprofits and is tied to a potential ~$14 billion financing to support Oracle/OpenAI AI data‑center builds — a fee and lending opportunity that investors view as supportive for revenue and corporate client pipelines. OCIO & Oracle AI financing
• Positive Sentiment: Adoption of the CashPro app is rising (usage +20%; clients approving ~$38,000/second in payments), reinforcing digital fee income and treasury‑services momentum for BAC’s commercial business. CashPro adoption
• Positive Sentiment: Regulatory draft rules could free up as much as ~$320 billion of capital across US banks, a development analysts say may allow more buybacks/dividends or lending capacity — a potential structural positive for BAC’s capital returns and ROE profile. Capital release draft rules
• Neutral Sentiment: Bank of America will report Q1 2026 results and hold an investor call on April 15 — the upcoming print (consensus expects EPS growth) is the proximate catalyst for trading as investors re‑price expectations. Q1 results date
• Neutral Sentiment: Management announced redemption of $3.0B of 3.559% senior notes due April 2027 on April 23; this reduces near‑term debt outstanding but uses cash, so the move is broadly neutral for credit profile and capital until Q1 results provide clarity. Notes redemption
• Negative Sentiment: Several broker price‑targets were trimmed recently (JPMorgan to $57.50 from $61.50, UBS to $62 from $67, Daiwa to $58, Truist to $57), creating headline pressure despite many firms keeping constructive ratings — these cuts are a near‑term negative for sentiment. Analyst price target moves
• Negative Sentiment: Mixed and sometimes pessimistic third‑party forecasts (some outlets highlight lower upside or caution on macro sensitivity) add to volatility as investors debate earnings durability and interest‑rate sensitivity for BAC. Mixed forecasts

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was 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 of the company’s stock, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares of the company’s stock, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 227,832 shares of company stock valued at $11,094,960 in the last ninety days. Insiders own 0.30% of the company’s stock.

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.