Bokf Na lowered its position in Bank of America Corp (NYSE:BAC) by 22.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 542,641 shares of the financial services provider’s stock after selling 152,836 shares during the period. Bokf Na’s holdings in Bank of America were worth $11,520,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BAC. Firestone Capital Management acquired a new position in Bank of America in the fourth quarter valued at $45,000. Wealth Alliance bought a new position in shares of Bank of America in the 4th quarter worth about $71,000. Cox Capital Mgt LLC bought a new position in shares of Bank of America in the 1st quarter worth about $27,000. Carolina Wealth Advisors LLC acquired a new position in shares of Bank of America in the 4th quarter valued at about $43,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Bank of America during the 4th quarter valued at about $45,000. 69.26% of the stock is currently owned by institutional investors.

Shares of NYSE:BAC traded up $1.20 during mid-day trading on Wednesday, hitting $26.04. 67,772,249 shares of the company traded hands, compared to its average volume of 70,433,328. The stock has a 50-day moving average price of $22.99 and a two-hundred day moving average price of $28.92. Bank of America Corp has a 12-month low of $17.95 and a 12-month high of $35.72. The stock has a market cap of $226.18 billion, a P/E ratio of 10.65, a P/E/G ratio of 2.38 and a beta of 1.58. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.20). Bank of America had a net margin of 21.64% and a return on equity of 10.64%. The company had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.58 billion. During the same quarter last year, the business posted $0.70 earnings per share. Bank of America’s revenue was down 1.0% on a year-over-year basis. As a group, analysts expect that Bank of America Corp will post 1.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, June 4th. Bank of America’s payout ratio is currently 24.49%.

A number of equities research analysts have weighed in on the company. ValuEngine downgraded Bank of America from a “hold” rating to a “sell” rating in a report on Tuesday, May 12th. Barclays reiterated a “buy” rating and issued a $33.00 price objective on shares of Bank of America in a research note on Thursday, April 9th. Oppenheimer increased their target price on shares of Bank of America from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. TheStreet cut shares of Bank of America from a “b-” rating to a “c” rating in a report on Wednesday, March 25th. Finally, DA Davidson upped their price objective on shares of Bank of America from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. Bank of America has an average rating of “Hold” and an average price target of $29.42.

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 through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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Institutional Ownership by Quarter for Bank of America (NYSE:BAC)

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