Metis Global Partners LLC Sells 31,471 Shares of Bank of America Corporation $BAC

Metis Global Partners LLC trimmed its position in Bank of America Corporation (NYSE:BAC) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,829 shares of the financial services provider’s stock after selling 31,471 shares during the period. Metis Global Partners LLC’s holdings in Bank of America were worth $16,491,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Deutsche Bank AG raised its position in shares of Bank of America by 5.9% in the 4th quarter. Deutsche Bank AG now owns 47,172,503 shares of the financial services provider’s stock valued at $2,594,488,000 after acquiring an additional 2,611,776 shares during the period. Paragon Private Wealth Management LLC raised its position in shares of Bank of America by 10.7% in the 4th quarter. Paragon Private Wealth Management LLC now owns 10,553 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 1,016 shares during the period. GW&K Investment Management LLC raised its position in shares of Bank of America by 4.6% in the 4th quarter. GW&K Investment Management LLC now owns 6,946 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 307 shares during the period. Marvin & Palmer Associates Inc. raised its position in shares of Bank of America by 6.5% in the 4th quarter. Marvin & Palmer Associates Inc. now owns 69,206 shares of the financial services provider’s stock valued at $3,806,000 after acquiring an additional 4,204 shares during the period. Finally, Outlook Wealth Advisors LLC raised its position in shares of Bank of America by 12.1% in the 4th quarter. Outlook Wealth Advisors LLC now owns 15,135 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 1,633 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BAC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Friday, April 24th. HSBC increased their target price 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. Robert W. Baird increased their target price on Bank of America from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Piper Sandler increased their target price on 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, Morgan Stanley lowered their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Bank of America currently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Insider Buying and Selling at Bank of America

In other news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This trade represents a 8.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Bank of America News Summary

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

• Positive Sentiment: Bank of America launched new card and client-rewards offerings, including Custom Pay Plan, a Refer-a-Friend bonus program, and enhanced credit-monitoring tools, which could support card usage, customer retention, and fee income. Article Title
• Positive Sentiment: Management said trading revenue is running better than expected, with markets business revenue potentially exceeding 15% growth in Q2, supported by equities strength. Article Title
• Positive Sentiment: Bank of America highlighted surging demand for AI-led treasury, FX, and payments solutions in Asia Pacific, suggesting continued momentum in global transaction services. Article Title
• Positive Sentiment: The bank also expanded its FIFA World Cup 2026 marketing campaign, which may help brand awareness and customer acquisition, though the direct financial impact is less immediate. Article Title
• Neutral Sentiment: Bank of America’s in-house research has turned more cautious on the broader market, warning that multiple bear-market and “take profits” signals are flashing. This reflects the firm’s market outlook rather than BAC’s own fundamentals. Article Title
• Negative Sentiment: The U.S. Justice Department reportedly opened a debanking probe and subpoenaed major banks, including Bank of America, seeking records on accounts that were closed for possible political reasons. That raises regulatory and reputational risk. Article Title

Bank of America Price Performance

Shares of BAC opened at $54.59 on Thursday. The stock has a market capitalization of $387.39 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.92 and a beta of 1.18. Bank of America Corporation has a twelve month low of $43.66 and a twelve month high of $57.55. The company has a 50 day moving average of $52.03 and a 200-day moving average of $52.36. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18.

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 for the quarter, topping the consensus estimate of $1.00 by $0.11. The company had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. As a group, equities research analysts forecast that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America’s dividend payout ratio (DPR) 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.