10,200 Shares in Bank of America Co. (NYSE:BAC) Acquired by Fiduciary Planning LLC

Fiduciary Planning LLC purchased a new stake in shares of Bank of America Co. (NYSE:BAC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,200 shares of the financial services provider's stock, valued at approximately $448,000.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Bank of America by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 140,255,970 shares of the financial services provider's stock worth $5,546,871,000 after buying an additional 1,700,141 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Bank of America by 4.0% during the 3rd quarter. Fisher Asset Management LLC now owns 45,215,832 shares of the financial services provider's stock worth $1,794,164,000 after acquiring an additional 1,731,003 shares in the last quarter. Sanders Capital LLC grew its stake in Bank of America by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 22,341,213 shares of the financial services provider's stock valued at $886,499,000 after acquiring an additional 601,211 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Bank of America by 0.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 17,042,952 shares of the financial services provider's stock valued at $676,264,000 after acquiring an additional 59,853 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Bank of America by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 15,415,630 shares of the financial services provider's stock worth $611,692,000 after purchasing an additional 569,385 shares during the last quarter. Institutional investors own 70.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BAC shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $46.00 target price on shares of Bank of America in a research note on Wednesday, October 9th. Piper Sandler cut their target price on Bank of America from $50.00 to $49.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. HSBC upgraded Bank of America from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a research report on Tuesday, January 7th. Barclays lifted their target price on Bank of America from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Finally, Phillip Securities upgraded shares of Bank of America from a "neutral" rating to an "accumulate" rating and set a $44.00 price objective for the company in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Bank of America has a consensus rating of "Moderate Buy" and an average target price of $48.58.

Bank of America Stock Performance

Shares of NYSE BAC traded down $0.07 during mid-day trading on Monday, hitting $46.23. 36,480,730 shares of the company were exchanged, compared to its average volume of 36,949,066. Bank of America Co. has a 1-year low of $32.35 and a 1-year high of $48.08. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $45.83 and a 200-day simple moving average of $42.77. The firm has a market cap of $354.72 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.33.

Bank of America (NYSE:BAC - Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $0.82 earnings per share (EPS) 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 business had revenue of $25.30 billion during the quarter, compared to the consensus estimate of $25.12 billion. During the same period in the prior year, the business posted $0.70 EPS. The company's revenue for the quarter was up 15.0% on a year-over-year basis. On average, sell-side analysts forecast that Bank of America Co. will post 3.67 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, March 7th. Bank of America's dividend payout ratio is currently 32.30%.

Bank of America 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.