Carlson Capital L.P. Acquires 33,360 Shares of Bank of America Corporation $BAC

Carlson Capital L.P. increased its holdings in Bank of America Corporation (NYSE:BAC) by 225.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,160 shares of the financial services provider’s stock after acquiring an additional 33,360 shares during the period. Bank of America comprises 0.7% of Carlson Capital L.P.’s investment portfolio, making the stock its 14th biggest holding. Carlson Capital L.P.’s holdings in Bank of America were worth $2,348,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Security Financial Services INC. grew its holdings in Bank of America by 15.4% during the first quarter. Security Financial Services INC. now owns 4,351 shares of the financial services provider’s stock worth $212,000 after buying an additional 581 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in Bank of America by 5.8% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 16,792 shares of the financial services provider’s stock valued at $819,000 after acquiring an additional 923 shares in the last quarter. Axiom Investment Management LLC bought a new position in Bank of America during the 1st quarter valued at $1,245,000. WNY Asset Management LLC purchased a new position in Bank of America during the 1st quarter worth $888,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Bank of America during the 1st quarter worth $9,364,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insiders Place Their Bets

In related news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction 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. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Analysts raised their outlook for BAC. JPMorgan reportedly expects Bank of America’s stock price to rise, while another analyst increased the FY2026 earnings-per-share estimate. These revisions reinforce expectations for stronger profitability and support the stock’s valuation. Bank of America stock price expected to rise FY2026 EPS estimate increased
• Positive Sentiment: Cybersecurity acquisition strengthens operational defenses. Bank of America plans to acquire U.K.-based information-security consultancy MDSec Consulting, subject to regulatory approval and expected to close in the fourth quarter of 2026. The deal is intended to bolster defenses against increasingly sophisticated AI-driven cyberattacks and ransomware. Financial terms were not disclosed, limiting the immediate earnings impact. Bank of America buys cybersecurity firm
• Positive Sentiment: Merrill Lynch is adding a sizable wealth-management team. A 14-person team managing approximately $13 billion in client assets is moving from Morgan Stanley’s Graystone Consulting. The recruitment could expand Merrill’s fee-based wealth-management revenue and deepen its affluent-client franchise. Merrill Lynch recruits $13 billion team
• Neutral Sentiment: Higher-for-longer interest rates present both benefits and risks. A hawkish Federal Reserve pause may support Bank of America’s net interest income, but prolonged high rates can pressure loan demand and increase credit-quality concerns. The broader market is also entering an uncertain August trading period, which could amplify volatility.
• Neutral Sentiment: Valuation remains a focus after substantial gains. One analysis says BAC still appears reasonably valued or discounted despite having more than doubled over three years. The stock is above both its 50-day and 200-day moving averages and near its annual high, suggesting strong momentum but also leaving shares more sensitive to disappointing results or guidance. Bank of America valuation and AI expansion

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BAC. Piper Sandler increased their target price on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Wells Fargo & Company boosted their price target on shares of Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Oppenheimer downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Robert W. Baird increased their price objective on shares of Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Autonomous Res decreased their price objective 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, April 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Bank of America presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Bank of America Trading Up 0.6%

Shares of Bank of America stock opened at $62.07 on Friday. Bank of America Corporation has a 1 year low of $44.75 and a 1 year high of $62.99. The firm has a market cap of $440.51 billion, a PE ratio of 14.24, a P/E/G ratio of 0.99 and a beta of 1.17. The stock has a fifty day moving average price of $57.49 and a 200-day moving average price of $53.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, September 4th. This is an increase from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

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.