Bank of America Corporation $BAC Shares Purchased by Jupiter Asset Management Ltd.

Posted by Brenda Bartman on May 29th, 2026

Jupiter Asset Management Ltd. increased its stake in shares of Bank of America Corporation (NYSE:BAC) by 369.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,515,565 shares of the financial services provider’s stock after purchasing an additional 1,980,024 shares during the period. Bank of America makes up 1.1% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 15th largest holding. Jupiter Asset Management Ltd.’s holdings in Bank of America were worth $138,356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BAC. Moors & Cabot Inc. lifted its holdings in Bank of America by 12.5% in the fourth quarter. Moors & Cabot Inc. now owns 134,934 shares of the financial services provider’s stock valued at $7,421,000 after acquiring an additional 14,998 shares during the period. Intech Investment Management LLC raised its stake in shares of Bank of America by 12.5% during the 4th quarter. Intech Investment Management LLC now owns 277,208 shares of the financial services provider’s stock worth $15,246,000 after buying an additional 30,902 shares during the last quarter. CFS Investment Advisory Services LLC raised its stake in shares of Bank of America by 3.6% during the 4th quarter. CFS Investment Advisory Services LLC now owns 37,395 shares of the financial services provider’s stock worth $2,057,000 after buying an additional 1,301 shares during the last quarter. Constant Guidance Financial LLC raised its stake in shares of Bank of America by 89.5% during the 4th quarter. Constant Guidance Financial LLC now owns 46,021 shares of the financial services provider’s stock worth $2,531,000 after buying an additional 21,738 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Bank of America by 2.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 55,001 shares of the financial services provider’s stock worth $3,025,000 after buying an additional 1,188 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Down 0.5%

BAC opened at $50.85 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $360.87 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. The business has a 50-day moving average of $51.01 and a two-hundred day moving average of $52.32. Bank of America Corporation has a 12 month low of $43.36 and a 12 month high of $57.55.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, beating 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 return on equity of 11.49% and a net margin of 16.78%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. On average, 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America’s payout ratio is presently 27.72%.

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. The trade was a 8.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 354,588 shares of company stock worth $17,814,296 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BAC. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Robert W. Baird lifted their price target 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. Jefferies Financial Group lifted their price target on Bank of America from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Keefe, Bruyette & Woods lifted their price target on Bank of America from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Bank of America from $61.50 to $57.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America presently has an average rating of “Moderate Buy” and a consensus target price of $61.06.

Read Our Latest Research Report on Bank of America

Key Bank of America News

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

Positive Sentiment: CEO Brian Moynihan said Bank of America expects second-quarter trading revenue to rise about 15% year over year, pointing to continued strength in markets activity and a potential 17th straight quarter of trading growth. Article Title
Positive Sentiment: Bank of America also signaled solid Q2 support from investment banking and wealth-management fees, which could help offset pressure in other areas and support earnings momentum. Article Title
Positive Sentiment: Keynova Group ranked Bank of America among the top U.S. credit card issuers for online experience, reinforcing its strong digital banking franchise. Article Title
Positive Sentiment: Bank of America said its Community Homeownership Commitment has delivered more than $15 billion in affordable home loans and grants, highlighting continued consumer lending and community-banking activity. Article Title

About Bank of America

(Free Report)

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.