Runnymede Capital Advisors Inc. Has $1.81 Million Holdings in Bank of America Corporation $BAC

Runnymede Capital Advisors Inc. lifted its stake in shares of Bank of America Corporation (NYSE:BAC) by 717.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,867 shares of the financial services provider’s stock after buying an additional 28,848 shares during the period. Bank of America accounts for approximately 1.0% of Runnymede Capital Advisors Inc.’s holdings, making the stock its 28th largest position. Runnymede Capital Advisors Inc.’s holdings in Bank of America were worth $1,808,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BAC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Bank of America by 640.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock valued at $2,399,798,000 after purchasing an additional 40,235,201 shares in the last quarter. Capital World Investors increased its stake in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Danske Bank A S bought a new stake in Bank of America in the third quarter valued at approximately $224,863,000. Capitolis Liquid Global Markets LLC increased its stake in Bank of America by 52.0% in the third quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider’s stock valued at $644,681,000 after purchasing an additional 4,273,472 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in Bank of America in the third quarter valued at approximately $218,030,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Autonomous Res lowered their target price on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday. Wall Street Zen upgraded shares of Bank of America from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Wolfe Research cut shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Piper Sandler upped their price target on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.10.

Bank of America Stock Performance

Shares of BAC opened at $51.91 on Thursday. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The firm has a fifty day simple moving average of $50.61 and a 200 day simple moving average of $52.19. The stock has a market capitalization of $370.90 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.20 and a beta of 1.23. 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 (NYSE:BAC) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 annualized dividend and a yield of 2.2%. Bank of America’s dividend payout ratio is presently 29.24%.

Key Bank of America News

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

• Positive Sentiment: Regulatory draft could free capital — Analysts estimate U.S. banks might be able to release up to ~$320 billion under proposed draft rules, which would meaningfully boost capital available for buybacks/dividends and improve return metrics for big banks like BAC. US banks could release $320 billion…
• Positive Sentiment: Momentum: BAC has extended a multi-session winning streak, reflecting improving investor sentiment ahead of earnings and helping lift the stock. Bank of America extends winning streak…
• Positive Sentiment: Product traction: CashPro app usage rose ~20% and clients are authorizing large payment flows in real time — a sign of fee-generating commercial client engagement and digital product strength. CashPro App Usage Rises 20%…
• Positive Sentiment: Analyst upgrades / research credibility: HSBC recently upgraded BAC to Buy (PT $55) and other research activity highlights BofA’s role as a prominent sell‑side shop — supporting investor confidence. A Downgraded Target for Bank of America…
• Neutral Sentiment: Capital/debt action: BAC announced the redemption of $3.0B of 3.559% senior notes due April 2027 — straightforward liability management that modestly alters the debt schedule but is not a surprise. Bank of America Announces Redemption…
• Neutral Sentiment: Estimates and research: Erste Group nudged up FY2026/FY2027 EPS estimates for BAC — small upward revisions that support fundamentals heading into Q1 results (reporting April 15). Erste Group raises EPS estimates…
• Negative Sentiment: Mixed/trimmed price targets: Several banks (UBS, JPMorgan, Daiwa, Truist) have trimmed price targets recently (though many kept buy/overweight ratings), which can cap upside and increase short-term volatility. UBS adjusts price target on Bank of America…
• Negative Sentiment: Conflicting forecasts: Some outlets and firms issued pessimistic near‑term forecasts for BAC, adding noise to the tape and pressuring sentiment despite other supportive signals. Autonomous Res issues pessimistic forecast…

Insider Buying and Selling

In related news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the transaction, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction 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 transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. The trade was a 17.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is owned by 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.