Toth Financial Advisory Corp Acquires 17,028 Shares of Bank of America Corporation $BAC

Toth Financial Advisory Corp increased its stake in Bank of America Corporation (NYSE:BAC) by 119.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,290 shares of the financial services provider’s stock after acquiring an additional 17,028 shares during the period. Toth Financial Advisory Corp’s holdings in Bank of America were worth $1,721,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Aspiriant LLC grew its stake in Bank of America by 8.4% in the 4th quarter. Aspiriant LLC now owns 35,867 shares of the financial services provider’s stock worth $1,973,000 after acquiring an additional 2,791 shares in the last quarter. Essex LLC raised its stake in shares of Bank of America by 29.4% during the fourth quarter. Essex LLC now owns 12,133 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 2,760 shares in the last quarter. Birchcreek Wealth Management LLC purchased a new stake in shares of Bank of America in the fourth quarter valued at approximately $208,000. MRA Advisory Group boosted its holdings in shares of Bank of America by 17.5% in the fourth quarter. MRA Advisory Group now owns 5,258 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 783 shares during the period. Finally, Udine Wealth Management Inc. grew its stake in Bank of America by 1.5% in the fourth quarter. Udine Wealth Management Inc. now owns 223,750 shares of the financial services provider’s stock worth $12,306,000 after purchasing an additional 3,245 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

More Bank of America News

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

• Positive Sentiment: HSBC upgraded BAC to a “Buy,” a near‑term lift as a respected shop adding conviction to the stock amid broader bank‑sector momentum. HSBC Upgrades Bank of America
• Positive Sentiment: Barclays reiterated its Buy on BAC, reinforcing analyst support and likely helping limit downside from other negative headlines. Barclays Sticks to Its Buy Rating
• Positive Sentiment: Analysis highlights BAC’s robust capital‑return plan (record earnings, $40B buyback and steady dividend hikes) — a structural tailwind that supports the stock’s valuation and investor demand. Capital Return Strategy
• Neutral Sentiment: Preliminary approval of a $72.5M settlement with Epstein accusers removes some legal uncertainty but represents an immediate cash cost — mixed for near‑term EPS but clears an overhang. Settlement Approval
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — a portfolio/strategic holding disclosure that is unlikely to move BAC’s core earnings but is notable for asset‑management transparency. Qiagen Voting Stake
• Neutral Sentiment: Bank of America data on card‑spending trends (furniture/department stores down, gas station spending up) signals shifting consumer patterns that will shape fee and interchange trends — watch consumer credit and transaction volumes. Card Spending Trends
• Negative Sentiment: Morgan Stanley trimmed its BAC price target to $61 — a downward revision that can pressure sentiment even if the rating remains constructive. Morgan Stanley Cuts Price Target
• Negative Sentiment: A foiled bomb plot targeting a Bank of America Paris branch and subsequent remote‑work measures have drawn attention to the bank’s geopolitical and physical‑security exposure; while arrests and pre‑trial detentions reduce immediate threat, the headlines raise operational‑risk sensitivity. Foiled Paris Bomb Plot and Remote‑Work Shift

Bank of America Stock Down 0.0%

Shares of NYSE BAC opened at $49.37 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $352.75 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. The stock’s fifty day simple moving average is $50.68 and its two-hundred day simple moving average is $52.20. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly 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. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. As a group, analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a $0.28 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. Bank of America’s payout ratio is currently 29.24%.

Insiders Place Their Bets

In other news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the transaction, the insider owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on BAC. TD Cowen reduced their price objective on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Evercore set a $59.00 price target on Bank of America in a research report on Thursday, January 15th. Keefe, Bruyette & Woods cut their price target on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Morgan Stanley decreased their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Oppenheimer dropped their target price on shares of Bank of America from $63.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, March 27th. Twenty-three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $59.54.

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.