Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 46,200 Shares of Bank of America Corporation $BAC

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Bank of America Corporation (NYSE:BAC) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,113,180 shares of the financial services provider’s stock after selling 46,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Bank of America were worth $61,225,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Lifestyle Asset Management Inc. lifted its holdings in shares of Bank of America by 6.2% in the fourth quarter. Lifestyle Asset Management Inc. now owns 6,294 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 368 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Bank of America by 5.2% in the fourth quarter. Prestige Wealth Management Group LLC now owns 49,241 shares of the financial services provider’s stock valued at $2,708,000 after purchasing an additional 2,447 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in shares of Bank of America by 2.1% in the fourth quarter. SlateStone Wealth LLC now owns 14,151 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 286 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Bank of America by 42.5% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 22,942 shares of the financial services provider’s stock valued at $1,262,000 after purchasing an additional 6,843 shares in the last quarter. Finally, Prudential PLC lifted its holdings in shares of Bank of America by 30.6% in the fourth quarter. Prudential PLC now owns 920,194 shares of the financial services provider’s stock valued at $50,611,000 after purchasing an additional 215,838 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BAC. JPMorgan Chase & Co. dropped their target price on Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Argus lifted their price target on Bank of America from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Piper Sandler lifted their price target on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Finally, Oppenheimer lifted their price target on Bank of America from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Bank of America News Summary

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

• Positive Sentiment: Bank of America announced a new cross-border real-time payments solution that will let corporate and institutional clients send and receive funds instantly via SWIFT or CashPro, a potentially meaningful growth driver for its global payments franchise. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Merrill, Bank of America’s wealth management unit, earned strong recognition across three 2026 Barron’s lists, reinforcing the quality of its advisory business and brand strength in wealth management. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Positive Sentiment: Multiple articles highlighted bullish views on BAC, including references to broad analyst optimism and BAC being viewed as a low-cost stock with upside potential, which can help support investor confidence. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Neutral Sentiment: Bank of America and other major U.S. banks are moving ahead with a shared tokenized deposit network, a strategic industry initiative that is important long term but not an immediate earnings catalyst. Big Banks Launch Tokenized Deposit Network to Fight Off Stablecoin Threat
• Neutral Sentiment: Bank of America also disclosed a 2.84% voting interest in QIAGEN, but the filing appears to be a routine ownership update rather than a major strategic shift for BAC. Bank of America Reports 2.84% Voting Interest in QIAGEN
• Negative Sentiment: Jim Cramer commented that something “not that great” may be happening at Bank of America, a bearish soundbite that could weigh on sentiment even though it was not tied to a specific fundamental warning. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

Bank of America Stock Performance

Shares of Bank of America stock opened at $53.87 on Friday. The business’s fifty day simple moving average is $51.63 and its 200 day simple moving average is $52.30. The firm has a market capitalization of $382.27 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. Bank of America Corporation has a 12 month low of $43.66 and a 12 month high of $57.55. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. The firm had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Bank of America Corporation will post 4.45 EPS for the current year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is presently 27.72%.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the sale, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Bank of America Company 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.