WCG Wealth Advisors LLC Purchases 10,346 Shares of Bank of America Corporation $BAC

WCG Wealth Advisors LLC lifted its position in shares of Bank of America Corporation (NYSE:BAC) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,195 shares of the financial services provider’s stock after purchasing an additional 10,346 shares during the period. WCG Wealth Advisors LLC’s holdings in Bank of America were worth $4,796,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wiser Advisor Group LLC bought a new position in Bank of America during the 3rd quarter valued at approximately $27,000. Legacy Bridge LLC grew its position in shares of Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after buying an additional 330 shares during the last quarter. Collier Financial bought a new stake in shares of Bank of America in the 3rd quarter worth approximately $30,000. Joseph Group Capital Management purchased a new position in shares of Bank of America during the fourth quarter valued at approximately $32,000. Finally, HFM Investment Advisors LLC increased its stake in shares of Bank of America by 566.0% during the fourth quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider’s stock valued at $34,000 after buying an additional 532 shares during the period. 70.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. This trade represents a 35.58% 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BAC. HSBC raised their price target on Bank of America from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Argus boosted their price objective on shares of Bank of America from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Robert W. Baird lifted their target price on shares of Bank of America from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Piper Sandler increased their price target on shares of Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Truist Financial lifted their price objective on Bank of America from $57.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

More Bank of America News

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

• Positive Sentiment: Bank of America is set to launch a cross-border real-time payments tool later this year, a move that could strengthen its corporate payments business, improve client retention, and support fee growth. Bank of America to Launch Cross-Border Real-Time Payments, Expanding Global Payment Choice
• Positive Sentiment: Unusually heavy call buying in BAC options suggests traders are positioning for more upside, which can signal strong near-term investor enthusiasm.
• Positive Sentiment: Financial stocks rose broadly on Thursday, providing a favorable sector tailwind for Bank of America shares. Sector Update: Financial Stocks Rise Thursday Afternoon
• Positive Sentiment: Several articles highlighted Bank of America as a “low cost” stock with strong analyst support, including reports that 84% of covered analysts rate it a Buy and see meaningful upside from current levels. Here’s Why Bank of America Corporation (BAC) is Among the Best Low Cost Stocks
• Positive Sentiment: Bank of America and Merrill also received recognition in Barron’s advisor rankings, which supports the firm’s wealth-management franchise and brand strength. Merrill Advisors and Teams Earn Recognition Across Three 2026 Barron’s Lists
• Neutral Sentiment: The bank is also investing in digital assets and tokenization, including a new leadership role for digital asset transformation, but this is more of a strategic positioning story than an immediate earnings driver. Bank of America Names Adam Dixon Global Head of Digital Asset Transformation
• Negative Sentiment: Jim Cramer’s skeptical comments about BAC being “11 times earnings” and suggesting “something that’s not that great happening there” may have added a bit of caution to the stock’s narrative. Jim Cramer on Bank of America: “There’s Something That’s Not That Great Happening There”

Bank of America Stock Performance

Shares of BAC stock opened at $54.06 on Friday. The company’s fifty day moving average price is $51.52 and its 200-day moving average price is $52.29. The stock has a market cap of $383.62 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.18. 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 Corporation has a 12 month low of $43.66 and a 12 month high of $57.55.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The company had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same period last year, the business earned $0.90 EPS. Bank of America’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts expect that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America’s payout ratio is currently 27.72%.

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.