Bank of America Co. (NYSE:BAC) Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. increased its position in Bank of America Co. (NYSE:BAC - Free Report) by 1,568.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 317,581 shares of the financial services provider's stock after buying an additional 298,541 shares during the period. Bank of America comprises approximately 0.6% of Texas Yale Capital Corp.'s holdings, making the stock its 25th largest position. Texas Yale Capital Corp.'s holdings in Bank of America were worth $13,958,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Graney & King LLC purchased a new position in Bank of America during the fourth quarter valued at $25,000. Collier Financial bought a new position in shares of Bank of America during the 4th quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Bank of America during the fourth quarter valued at about $29,000. Highline Wealth Partners LLC increased its holdings in shares of Bank of America by 152.7% in the fourth quarter. Highline Wealth Partners LLC now owns 844 shares of the financial services provider's stock worth $37,000 after purchasing an additional 510 shares during the last quarter. Finally, Mascoma Wealth Management LLC boosted its stake in Bank of America by 68.2% during the fourth quarter. Mascoma Wealth Management LLC now owns 890 shares of the financial services provider's stock valued at $39,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company's stock.

Analyst Upgrades and Downgrades

BAC has been the topic of a number of research reports. Robert W. Baird raised Bank of America from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $45.00 to $50.00 in a report on Friday, March 7th. Truist Financial decreased their price target on shares of Bank of America from $53.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Morgan Stanley lifted their price objective on shares of Bank of America from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Citigroup decreased their target price on shares of Bank of America from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. dropped their price target on Bank of America from $49.50 to $43.50 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.31.

Bank of America Stock Up 0.2 %

Bank of America stock traded up $0.08 during midday trading on Friday, hitting $35.93. 63,602,892 shares of the company's stock were exchanged, compared to its average volume of 39,201,922. 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 company has a market cap of $273.20 billion, a PE ratio of 11.16, a P/E/G ratio of 1.21 and a beta of 1.24. The firm has a 50-day moving average of $42.25 and a two-hundred day moving average of $43.72. Bank of America Co. has a 12 month low of $33.07 and a 12 month high of $48.08.

Bank of America (NYSE:BAC - Get Free Report) last posted its earnings results on Thursday, January 16th. The financial services provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The company had revenue of $25.30 billion during the quarter, compared to analyst estimates of $25.12 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. Bank of America's revenue was up 15.0% on a year-over-year basis. As a group, analysts expect that Bank of America Co. will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.04 annualized dividend and a yield of 2.89%. Bank of America's dividend payout ratio (DPR) is presently 32.30%.

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.