Rep. Marjorie Taylor Greene Purchases Bank of America Co. (NYSE:BAC) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Bank of America Co. (NYSE:BAC). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of America stock on May 5th. The trade occurred in the Representative’s “MARJORIE IRA” account.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Occidental Petroleum (NYSE:OXY) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Paychex (NASDAQ:PAYX) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of MercadoLibre (NASDAQ:MELI) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/5/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 5/5/2025.

Bank of America Price Performance

Shares of BAC opened at $40.95 on Thursday. The firm’s 50-day simple moving average is $39.78 and its two-hundred day simple moving average is $43.48. Bank of America Co. has a fifty-two week low of $33.07 and a fifty-two week high of $48.08. The stock has a market cap of $308.45 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 0.78.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.10. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The company had revenue of $27.37 billion for the quarter, compared to the consensus estimate of $26.83 billion. Analysts anticipate that Bank of America Co. will post 3.7 earnings per share 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 27th. Investors of record on Friday, June 6th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.04 dividend on an annualized basis and a yield of 2.54%. Bank of America’s dividend payout ratio (DPR) is currently 30.95%.

Institutional Investors Weigh In On Bank of America

Several large investors have recently added to or reduced their stakes in BAC. Cozad Asset Management Inc. raised its holdings in Bank of America by 4.7% during the 1st quarter. Cozad Asset Management Inc. now owns 11,234 shares of the financial services provider’s stock valued at $469,000 after buying an additional 500 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Bank of America in the first quarter valued at $166,000. Canopy Partners LLC lifted its holdings in shares of Bank of America by 4.4% in the 1st quarter. Canopy Partners LLC now owns 34,718 shares of the financial services provider’s stock worth $1,449,000 after acquiring an additional 1,479 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Bank of America by 108.9% in the 1st quarter. Meeder Asset Management Inc. now owns 3,483 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,816 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in Bank of America by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 118,096 shares of the financial services provider’s stock valued at $4,928,000 after purchasing an additional 1,021 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on BAC. Royal Bank of Canada reduced their price objective on shares of Bank of America from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on Bank of America from $49.50 to $43.50 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Argus reduced their target price on Bank of America from $53.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Evercore ISI lowered their price target on Bank of America from $51.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Finally, Phillip Securities upgraded Bank of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.25.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2026 election.

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.