Fideuram Asset Management Ireland dac Makes New $8.13 Million Investment in Bank of America Corporation $BAC

Posted by Stanley Muller on May 29th, 2026

Fideuram Asset Management Ireland dac purchased a new stake in Bank of America Corporation (NYSE:BAC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 147,729 shares of the financial services provider’s stock, valued at approximately $8,125,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wiser Advisor Group LLC bought a new position in shares of Bank of America in the 3rd quarter valued at $27,000. Legacy Bridge LLC increased its stake in shares of Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 330 shares during the last quarter. Collier Financial bought a new position in shares of Bank of America in the 3rd quarter valued at $30,000. Joseph Group Capital Management bought a new position in shares of Bank of America in the 4th quarter valued at $32,000. Finally, HFM Investment Advisors LLC increased its stake in shares of Bank of America by 566.0% in the 4th quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 532 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares of the company’s stock, valued at $15,362,000. The trade was a 21.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 354,588 shares of company stock valued at $17,814,296 over the last 90 days. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BAC has been the topic of several recent analyst reports. Autonomous Res decreased their price target on Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their price target on Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Robert W. Baird lifted their price target on Bank of America from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $59.00 price target on shares of Bank of America in a research note on Thursday, April 16th. Finally, Truist Financial lifted their price target on Bank of America from $57.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.06.

View Our Latest Stock Analysis on BAC

Bank of America News Summary

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

Bank of America Trading Down 0.5%

NYSE BAC opened at $50.85 on Friday. 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 Corporation has a twelve month low of $43.36 and a twelve month high of $57.55. The company has a market cap 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’s fifty day moving average is $51.01 and its 200 day moving average is $52.32.

Bank of America (NYSE:BAC – Get Free Report) last released 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. The company had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.Bank of America’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. As a group, sell-side analysts expect that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 2.2%. Bank of America’s payout ratio is presently 27.72%.

Bank of America Company Profile

(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.