Banco Bilbao Vizcaya Argentaria S.A. Has $49.77 Million Holdings in Bank of America Co. (NYSE:BAC)

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in Bank of America Co. (NYSE:BAC - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,123,949 shares of the financial services provider's stock after selling 34,311 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Bank of America were worth $49,774,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BAC. Syon Capital LLC grew its stake in Bank of America by 0.7% during the fourth quarter. Syon Capital LLC now owns 59,682 shares of the financial services provider's stock worth $2,623,000 after purchasing an additional 441 shares during the period. MGO One Seven LLC grew its position in Bank of America by 3.9% in the 4th quarter. MGO One Seven LLC now owns 110,319 shares of the financial services provider's stock valued at $4,849,000 after purchasing an additional 4,148 shares during the period. Pinebridge Investments L.P. increased its stake in Bank of America by 32.1% during the 4th quarter. Pinebridge Investments L.P. now owns 3,291,138 shares of the financial services provider's stock valued at $144,646,000 after purchasing an additional 799,427 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Bank of America by 10.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 122,437,422 shares of the financial services provider's stock worth $5,381,126,000 after buying an additional 11,691,451 shares during the last quarter. Finally, Quantessence Capital LLC bought a new position in Bank of America in the 4th quarter valued at about $2,567,000. Institutional investors own 70.71% of the company's stock.

Bank of America Trading Up 1.3 %

Shares of BAC opened at $38.81 on Thursday. The business has a 50-day moving average of $40.77 and a 200 day moving average of $43.56. Bank of America Co. has a fifty-two week low of $33.07 and a fifty-two week high of $48.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $295.06 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.24.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.10. The business had revenue of $27.37 billion during the quarter, compared to analyst estimates of $26.83 billion. Bank of America had a net margin of 14.10% and a return on equity of 10.29%. As a group, research analysts forecast that Bank of America Co. will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.68%. Bank of America's dividend payout ratio (DPR) is 30.95%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BAC shares. Keefe, Bruyette & Woods dropped their target price on Bank of America from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Evercore ISI dropped their price objective on Bank of America from $51.00 to $48.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Cfra Research upped their target price on shares of Bank of America to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Argus cut their price target on shares of Bank of America from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Bank of America currently has an average rating of "Moderate Buy" and an average target price of $47.43.

Bank of America Company Profile

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.

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