Fort Washington Investment Advisors Inc. OH Purchases 125,317 Shares of Bank of America Co. (NYSE:BAC)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Bank of America Co. (NYSE:BAC) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,952,148 shares of the financial services provider’s stock after buying an additional 125,317 shares during the quarter. Bank of America makes up about 1.6% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 9th largest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Bank of America were worth $261,597,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in shares of Bank of America in the second quarter worth about $257,000. Mount Yale Investment Advisors LLC raised its stake in shares of Bank of America by 20.7% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 7,557 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 1,297 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in Bank of America in the 2nd quarter worth approximately $2,731,000. Providence Capital Advisors LLC boosted its position in Bank of America by 0.7% during the second quarter. Providence Capital Advisors LLC now owns 251,780 shares of the financial services provider’s stock worth $10,013,000 after purchasing an additional 1,739 shares during the period. Finally, Samlyn Capital LLC acquired a new position in Bank of America during the second quarter valued at approximately $73,440,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Stock Performance

NYSE BAC opened at $46.65 on Wednesday. Bank of America Co. has a twelve month low of $32.32 and a twelve month 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 market cap of $357.92 billion, a P/E ratio of 14.49, a PEG ratio of 1.27 and a beta of 1.33. The company’s 50-day simple moving average is $45.80 and its 200 day simple moving average is $42.48.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAC shares. Morgan Stanley boosted 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. Hsbc Global Res raised shares of Bank of America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on shares of Bank of America from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Phillip Securities upgraded Bank of America from a “neutral” rating to an “accumulate” rating and set a $44.00 price objective on the stock in a research note on Friday, October 18th. Finally, Piper Sandler decreased their target price on Bank of America from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Bank of America has an average rating of “Moderate Buy” and an average target price of $48.58.

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.