IFM Investors Pty Ltd Lowers Position in Bank of America Corporation $BAC

IFM Investors Pty Ltd lessened its holdings in Bank of America Corporation (NYSE:BAC) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,382,063 shares of the financial services provider’s stock after selling 11,420 shares during the period. Bank of America accounts for approximately 0.6% of IFM Investors Pty Ltd’s portfolio, making the stock its 22nd largest holding. IFM Investors Pty Ltd’s holdings in Bank of America were worth $76,013,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Winning Points Advisors LLC purchased a new stake in Bank of America during the fourth quarter valued at about $9,462,000. Coastwise Capital Group LLC raised its position in Bank of America by 4.7% during the fourth quarter. Coastwise Capital Group LLC now owns 30,599 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 1,373 shares in the last quarter. Wescott Financial Advisory Group LLC raised its position in Bank of America by 13.6% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 17,647 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 2,116 shares in the last quarter. SmartHarvest Portfolios LLC purchased a new stake in Bank of America during the fourth quarter valued at about $1,359,000. Finally, RAM Investment Partners LLC purchased a new stake in Bank of America during the fourth quarter valued at about $113,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Insiders Place Their Bets

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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: Bank of America launched new client offerings, including pay-over-time tools, an expanded rewards program, and credit monitoring features, which could support card usage, customer retention, and fee revenue. Bank of America Introduces New Ways to Reward Clients, Manage Payments and Track Credit
• Positive Sentiment: The bank is planning real-time global payments through Swift and CashPro, a move that could boost fee income and strengthen client relationships over time. BAC Plans to Launch Real-Time Global Payments: A Fee Revenue Catalyst?
• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for Bank of America (NYSE: BAC), suggesting more confidence in the company’s longer-term earnings outlook. Bank of America Corporation – Free Report
• Positive Sentiment: Bank of America highlighted surging demand for AI-led treasury, trade, and FX solutions in Asia-Pacific, reinforcing a constructive outlook for its global payments and transaction banking business. Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia Pacific
• Neutral Sentiment: Bank of America declared preferred stock dividends for multiple series, a routine capital-return update that is not likely to materially move the common stock. Bank of America Declares Preferred Stock Dividends Payable in July and August 2026
• Neutral Sentiment: Several articles referenced Bank of America’s market-timing and stock-market warning indicators, which may reflect caution on broader equities rather than a direct operational issue for BAC. Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
• Negative Sentiment: The Justice Department’s subpoena probe into alleged “debanking,” which includes Bank of America, adds regulatory overhang and could create headlines risk for the shares. US Justice Department subpoenas major banks over alleged ‘debanking’, WSJ reports

Bank of America Stock Performance

Shares of BAC stock opened at $55.17 on Friday. The stock has a fifty day moving average of $52.16 and a 200 day moving average of $52.39. Bank of America Corporation has a 52 week low of $43.66 and a 52 week high of $57.55. The firm has a market capitalization of $391.48 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.92 and a beta of 1.18. 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 posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 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 firm had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same period last year, the company posted $0.90 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts expect that Bank of America Corporation will post 4.45 earnings per share for the current year.

Bank of America Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is currently 27.72%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Evercore lowered their price target on Bank of America from $70.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. UBS Group raised their price target on Bank of America from $62.00 to $63.00 in a research report on Wednesday, May 6th. HSBC raised their price target on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Truist Financial lifted their price objective on Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $61.06.

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.