AEGON ASSET MANAGEMENT UK Plc Has $17.60 Million Stock Holdings in Bank of America Co. (NYSE:BAC)

AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Bank of America Co. (NYSE:BAC) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400,162 shares of the financial services provider’s stock after buying an additional 10,453 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Bank of America were worth $17,595,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BAC. Lantz Financial LLC boosted its position in Bank of America by 1.8% during the fourth quarter. Lantz Financial LLC now owns 14,663 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 266 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in shares of Bank of America by 37.2% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 10,844 shares of the financial services provider’s stock valued at $477,000 after buying an additional 2,938 shares during the last quarter. Eclectic Associates Inc. ADV bought a new stake in shares of Bank of America in the 4th quarter valued at approximately $201,000. Curated Wealth Partners LLC increased its holdings in Bank of America by 0.8% in the fourth quarter. Curated Wealth Partners LLC now owns 32,359 shares of the financial services provider’s stock worth $1,422,000 after buying an additional 248 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Bank of America by 11.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 68,955 shares of the financial services provider’s stock valued at $3,031,000 after purchasing an additional 7,133 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America Stock Up 0.2 %

Shares of NYSE:BAC opened at $46.48 on Friday. The company has a market capitalization of $356.60 billion, a PE ratio of 14.43, a P/E/G ratio of 1.24 and a beta of 1.33. 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’s fifty day moving average is $45.82 and its 200-day moving average is $42.61. Bank of America Co. has a 52 week low of $32.35 and a 52 week high of $48.08.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $25.30 billion during the quarter, compared to analyst estimates of $25.12 billion. Bank of America had a net margin of 14.10% and a return on equity of 10.29%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. Equities research analysts predict that Bank of America Co. will post 3.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Oppenheimer upped their price objective on shares of Bank of America from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Hsbc Global Res raised Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Truist Financial boosted their target price on shares of Bank of America from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Evercore ISI reduced their price target on shares of Bank of America from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Phillip Securities upgraded shares of Bank of America from a “neutral” rating to an “accumulate” rating and set a $44.00 price objective on the stock in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.58.

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.