Bank of America Co. (NYSE:BAC) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC raised its position in Bank of America Co. (NYSE:BAC) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 91,792 shares of the financial services provider’s stock after purchasing an additional 2,113 shares during the period. Avior Wealth Management LLC’s holdings in Bank of America were worth $3,091,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BAC. Fortis Group Advisors LLC acquired a new stake in Bank of America in the third quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc grew its position in shares of Bank of America by 98.1% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,018 shares of the financial services provider’s stock worth $28,000 after buying an additional 504 shares in the last quarter. Castleview Partners LLC acquired a new stake in shares of Bank of America during the first quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Bank of America during the first quarter worth approximately $34,000. Finally, ZRC Wealth Management LLC grew its position in shares of Bank of America by 192.3% during the fourth quarter. ZRC Wealth Management LLC now owns 1,140 shares of the financial services provider’s stock worth $38,000 after buying an additional 750 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the subject of a number of recent analyst reports. HSBC reissued a “hold” rating and set a $39.00 price target (up previously from $38.00) on shares of Bank of America in a research report on Thursday, March 28th. Keefe, Bruyette & Woods raised their price target on shares of Bank of America from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. UBS Group restated a “neutral” rating and set a $40.00 price objective (up from $39.00) on shares of Bank of America in a research note on Thursday, April 4th. Jefferies Financial Group raised their price objective on Bank of America from $36.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective on Bank of America from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Bank of America presently has an average rating of “Hold” and an average price target of $38.29.

Bank of America Price Performance

Shares of BAC opened at $34.68 on Wednesday. The stock’s fifty day moving average is $35.51 and its 200-day moving average is $32.19. The firm has a market capitalization of $273.65 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Bank of America Co. has a one year low of $24.96 and a one year high of $38.35. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, February 29th. Bank of America’s payout ratio is currently 31.27%.

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.