Ruffer LLP Trims Stock Position in Bank of America Corporation $BAC

Ruffer LLP decreased its holdings in Bank of America Corporation (NYSE:BAC) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,668,030 shares of the financial services provider’s stock after selling 203,612 shares during the quarter. Bank of America makes up 4.2% of Ruffer LLP’s investment portfolio, making the stock its 4th biggest holding. Ruffer LLP’s holdings in Bank of America were worth $91,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors lifted its holdings in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after buying an additional 14,275,810 shares during the period. Fisher Asset Management LLC lifted its holdings in Bank of America by 2.5% in the third quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock valued at $2,717,657,000 after buying an additional 1,272,315 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Bank of America by 640.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock valued at $2,399,798,000 after buying an additional 40,235,201 shares during the period. Legal & General Group Plc lifted its holdings in Bank of America by 3.4% in the third quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider’s stock valued at $2,266,045,000 after buying an additional 1,458,551 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Bank of America by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 30,648,910 shares of the financial services provider’s stock valued at $1,581,350,000 after buying an additional 640,462 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

Shares of NYSE BAC opened at $53.43 on Wednesday. The firm’s 50-day moving average price is $50.36 and its 200-day moving average price is $52.31. Bank of America Corporation has a 1-year low of $37.40 and a 1-year high of $57.55. The firm has a market capitalization of $381.76 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.92 and a beta of 1.23. 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 announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating 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 firm had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that Bank of America Corporation will post 4.44 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is presently 27.72%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Analysts and commentary highlight BAC’s AI-driven margin opportunity — coverage (summary of AI/phygital strategy that should lower costs, improve branch productivity and create new revenue levers) supports a constructive medium‑term earnings outlook. BAC’s AI Edge Likely to Drive Margin Expansion: Should You Invest Now?
• Positive Sentiment: Several brokers raised BAC targets after its Q1 beat — Piper Sandler and Truist lifted targets (Piper Sandler to $59) following better-than-expected results, reinforcing analyst support for the stock. Piper Sandler, Truist Raise Bank of America (BAC) Targets After Q1 Beat
• Positive Sentiment: Oppenheimer and other outlets have recently nudged price targets higher and highlighted BAC as an attractive, value-oriented bank after the quarter — adds to buy-side conviction around dividend/earnings durability. Is Bank of America Corporation (BAC) One of the Best Cheap Stocks for Beginners to Invest in?
• Positive Sentiment: Commercial partnership expansion — BAC extended its long-running co‑brand card agreement with Alaska Air, which should support card revenue and rewards ecosystem growth. This is a steady revenue/profitability positive for consumer card operations. Alaska Air Group and Bank of America Expand Long-Standing Credit Card Partnership
• Neutral Sentiment: Corporate PR/visibility — BAC executives participated in a market open ceremony in Canada, a symbolic reminder of global footprint but with limited immediate financial impact. Bank of America Opens the Market
• Negative Sentiment: Internal strategist warning on market risk — BofA’s Sebastian Raedler cautioned that equity markets may be underestimating macro and geopolitical risks (a 20‑year low in risk premium), which can pressure bank multiples and prompt sectorwide profit‑taking. This comment likely contributes to near‑term selling pressure. BofA’s Raedler Warns Equity Markets Too Optimistic Amid 20-Year Low Risk Premium

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BAC. HSBC boosted their target price on shares of Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Autonomous Res dropped their target price on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of America from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Jefferies Financial Group upped their price objective on shares of Bank of America from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Wolfe Research lowered shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Bank of America currently has a consensus rating of “Moderate Buy” and an average target price of $60.90.

Insider Transactions at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 227,973 shares of the company’s stock, valued at $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 227,832 shares of company stock valued at $11,094,960 over the last three months. Corporate insiders own 0.27% of the company’s stock.

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.