Bank of America Corporation $BAC Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its stake in shares of Bank of America Corporation (NYSE:BAC) by 119.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 31,290 shares of the financial services provider’s stock after purchasing an additional 17,028 shares during the quarter. Toth Financial Advisory Corp’s holdings in Bank of America were worth $1,721,000 as of its most recent SEC filing.

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

Bank of America News Roundup

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada upped their target price on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Daiwa Securities Group dropped their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Truist Financial cut their price objective on Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group reduced their price objective on Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, Wolfe Research lowered Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Twenty-three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.54.

Insider Activity at Bank of America

In other news, insider James P. Demare sold 83,832 shares of the firm’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 sale, the insider owned 307,240 shares of the company’s stock, valued at $15,362,000. This trade represents a 21.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $2,491,000.00. Following the transaction, 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 ownership of the stock. 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.

Bank of America Trading Down 0.0%

NYSE BAC opened at $49.37 on Friday. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $352.75 billion, a PE ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 1.23. The company has a fifty day moving average of $50.68 and a 200 day moving average of $52.20.

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

Bank of America Announces Dividend

The business 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. This represents a $1.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is 29.24%.

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.