Sapient Capital LLC Has $63.49 Million Position in Bank of America Corporation $BAC

Sapient Capital LLC lessened its holdings in Bank of America Corporation (NYSE:BAC) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,114,172 shares of the financial services provider’s stock after selling 126,817 shares during the quarter. Bank of America accounts for approximately 0.8% of Sapient Capital LLC’s holdings, making the stock its 19th biggest holding. Sapient Capital LLC’s holdings in Bank of America were worth $63,486,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Focus Financial Network Inc. raised its holdings in shares of Bank of America by 10.4% in the 2nd quarter. Focus Financial Network Inc. now owns 50,592 shares of the financial services provider’s stock worth $2,883,000 after buying an additional 4,751 shares in the last quarter. Alliance Wealth Advisors LLC boosted its stake in Bank of America by 1.7% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 13,533 shares of the financial services provider’s stock valued at $771,000 after buying an additional 221 shares in the last quarter. Allied Private Wealth LLC bought a new stake in Bank of America in the second quarter valued at $220,000. Exchange Bank acquired a new position in Bank of America during the second quarter worth $332,000. Finally, GoalVest Advisory LLC raised its stake in Bank of America by 17.9% during the second quarter. GoalVest Advisory LLC now owns 46,164 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 7,003 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

Bank of America stock opened at $63.15 on Monday. The business’s fifty day moving average is $58.64 and its two-hundred day moving average is $53.89. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $441.61 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.01 and a beta of 1.17. Bank of America Corporation has a 52 week low of $44.98 and a 52 week high of $63.97.

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. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a yield of 2.0%. Bank of America’s dividend payout ratio is currently 25.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, July 21st. Truist Financial increased their target price on shares of Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada lifted their price target on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Barclays boosted their price target on shares of Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Morgan Stanley upped their price objective on shares of Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.08.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America’s dividend increase is highlighted among notable 2026 dividend hikes, reinforcing the bank’s capital-return story and potentially supporting investor demand. These Outperforming Giants Are Boosting Dividends in 2026
• Positive Sentiment: Articles point to faster payment transfers and digital capabilities as potential growth drivers, helping Bank of America compete for consumer and business transactions. Can Faster Transfers Drive Growth?
• Positive Sentiment: Bank of America remains a favored outperforming bank in options commentary, suggesting some traders see additional upside after the stock’s strong run. This Outperforming Bank Stock Has More Room to Run
• Neutral Sentiment: The bank disclosed a 3.08% position in Umicore through voting rights and equivalent financial instruments. The filing reflects Bank of America’s investment or trading activities, but does not materially change its core banking outlook. Umicore Transparency Notification
• Neutral Sentiment: Management’s decision to spend more than $250 million annually on GLP-1 drugs for employees could improve workforce health and productivity, but also raises benefit costs. Bank of America Spends $250 Million Yearly on GLP-1 Drugs
• Negative Sentiment: Investment-banking co-head Mike Joo is leaving for an external opportunity, while technology executive Liu is also reportedly departing for a competitor. Multiple senior exits may raise concerns about leadership continuity and talent retention. Mike Joo to Leave Bank of America
• Negative Sentiment: Bank of America disclosed potential monetary penalties related to deficiencies in its anti-money-laundering program. The size and timing of any settlement remain key uncertainties. Bank of America Flags AML Penalty Risk
• Negative Sentiment: Bank of America strategists say their bullish sentiment gauge is at its most extreme level since 2021 and recommend reducing risk exposure. Although this is not a direct downgrade of BAC, it could limit near-term gains across financial and broader equity markets. BofA Sentiment Gauge Hits Most Extreme Bullish Level Since 2021

Bank of America 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.