{"id":19268,"date":"2026-05-26T15:58:45","date_gmt":"2026-05-26T15:58:45","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/26\/allstate-corp-purchases-277919-shares-of-bank-of-america-corporation-bac-marketbeat\/"},"modified":"2026-05-26T15:58:45","modified_gmt":"2026-05-26T15:58:45","slug":"allstate-corp-purchases-277919-shares-of-bank-of-america-corporation-bac-marketbeat","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/26\/allstate-corp-purchases-277919-shares-of-bank-of-america-corporation-bac-marketbeat\/","title":{"rendered":"Allstate Corp Purchases 277,919 Shares of Bank of America Corporation $BAC &#8211; MarketBeat"},"content":{"rendered":"<p>Allstate Corp boosted its position in shares of  Bank of America Corporation (<a href=\"https:\/\/www.marketbeat.com\/stocks\/NYSE\/BAC\/\">NYSE:BAC<\/a> &#8211; <a style=\"font-weight:normal;text-decoration:italic;color:green\" href=\"https:\/\/www.marketbeat.com\/arnreports\/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&#038;Prefix=NYSE&#038;Symbol=BAC\">Free Report<\/a>) by 107.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,695 shares of the financial services provider&#8217;s stock after purchasing an additional 277,919 shares during the period. Allstate Corp&#8217;s holdings in Bank of America were worth $29,573,000 as of its most recent SEC filing. <br \/>Several other hedge funds also recently added to or reduced their stakes in the company. MSH Capital Advisors LLC grew its holdings in  Bank of America by 3.4% during the 4th quarter. MSH Capital Advisors LLC now owns 17,354 shares of the financial services provider&#8217;s stock valued at $954,000 after purchasing an additional 563 shares during the last quarter.  Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of  Bank of America by 33.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 40,216 shares of the financial services provider&#8217;s stock valued at $2,212,000 after purchasing an additional 10,025 shares during the period.  Fisher Asset Management LLC raised its position in  Bank of America by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider&#8217;s stock valued at $2,958,110,000 after purchasing an additional 1,105,833 shares in the last quarter.  Choate Investment Advisors lifted its holdings in shares of  Bank of America by 2.4% in the 4th quarter. Choate Investment Advisors now owns 63,748 shares of the financial services provider&#8217;s stock worth $3,506,000 after buying an additional 1,495 shares during the period.  Finally, Sandy Cove Advisors LLC grew its position in shares of  Bank of America by 6.4% during the 4th quarter. Sandy Cove Advisors LLC now owns 6,861 shares of the financial services provider&#8217;s stock worth $377,000 after buying an additional 413 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors. <\/p>\n<div class=\"mb-4 mx-0 row border-top border-bottom pr-2 py-2 align-items-center\" style=\"font-size:1rem; border-color:var(--gray-4);clear:both;\">\n<div class=\"col-12 col-md-6 pl-0 pr-0 pr-md-1 mb-1 mb-md-0\"><label for=\"InPostRegistrationEmail\" class=\"w-100 p-1 d-flex flex-wrap justify-content-start align-items-center mb-0 c-blue font-small\"><span class=\"fa-regular fa-bullhorn mr-2\"><\/span><span style=\"line-height:1em;\">Get <strong>Bank of America<\/strong> alerts:<\/span><\/label><\/div>\n<div class=\"col-12 col-md-6 px-0 mx-0 row form-row font-small\"><input id=\"InPostRegistrationEmail\" name=\"RegisterEmail\" type=\"text\" placeholder=\"Enter Your Email Address\" class=\"col-12 col-sm-8 m-0 mb-1 mb-sm-0 top-labeled-input font-small\" \/><button id=\"signUpButton\" type=\"button\" class=\"btn btn-featured col-12 col-sm-4\" style=\"margin:0!important;border:none!important\">Sign Up<\/button><\/div>\n<div id=\"ShowSuggestionInPost\" class=\"col-12\"><\/div>\n<\/div>\n<p><script type=\"text\/javascript\">document.addEventListener('DOMContentLoaded', function() {document.getElementById('signUpButton').addEventListener('click', function() {if (CheckEmail('InPostRegistrationEmail', 'ShowSuggestionInPost', 'c-red')) {window.location = '\/newsletter\/?RegistrationCode=InPost-MarketBeat&RegistrationDomain=marketbeat.com&RegisterTicker=NYSE:BAC&RegisterEmail=' + encodeURIComponent(document.getElementById('InPostRegistrationEmail').value);}});});<\/script><\/p>\n<h2>More Bank of America News<\/h2>\n<p>Here are the key news stories impacting Bank of America this week:<\/p>\n<ul>\n<li class=\"positive\"><span class=\"sr-only\">Positive Sentiment: <\/span>Bank of America received a consensus \u201cModerate Buy\u201d rating from brokerages, signaling that analysts remain broadly constructive on BAC despite recent market uncertainty. <a href=\"https:\/\/www.americanbankingnews.com\/?p=30800640\" rel=\"noopener\" target=\"_blank\"><i class=\"fa-regular fa-link pl-2 font-small\"><\/i><span class=\"sr-only\">Bank of America Corporation <span class='hoverDetails' data-prefix='NYSE' data-symbol='BAC'>NYSE: BAC<span class='saved-tooltiptext d-none'><\/span><\/span> Receives Consensus Recommendation of &#8220;Moderate Buy&#8221; from Brokerages<\/span><\/a><\/li>\n<li class=\"positive\"><span class=\"sr-only\">Positive Sentiment: <\/span>Major U.S. banks, including peers of Bank of America, cleared the Fed and FDIC review of their living wills, reducing regulatory overhang and supporting confidence in the banking sector. <a href=\"https:\/\/www.zacks.com\/stock\/news\/2926238\/jpm-wfc-others-clear-key-regulatory-hurdle-on-living-wills?cid=CS-STOCKNEWSAPI-FT-analyst_blog|industry_focus-2926238\" rel=\"noopener\" target=\"_blank\"><i class=\"fa-regular fa-link pl-2 font-small\"><\/i><span class=\"sr-only\">JPM, WFC &#038; Others Clear Key Regulatory Hurdle on Living Wills<\/span><\/a><\/li>\n<li class=\"neutral\"><span class=\"sr-only\">Neutral Sentiment: <\/span>One commentary piece highlighted Bank of America\u2019s progress as a digital banking leader, but also said the stock still looks pricey\/cautious from a valuation perspective, creating a mixed takeaway rather than a clear bullish catalyst. <a href=\"https:\/\/www.tipranks.com\/news\/bank-of-america-bac-has-become-a-digital-leader-im-still-cautious-on-the-stock?utm_source=marketbeat.com&#038;utm_medium=referral\" rel=\"noopener\" target=\"_blank\"><i class=\"fa-regular fa-link pl2 font-small\"><\/i><span class=\"sr-only\">Bank of America (BAC) Has Become a Digital Leader. I\u2019m Still Cautious on the Stock<\/span><\/a><\/li>\n<li class=\"neutral\"><span class=\"sr-only\">Neutral Sentiment: <\/span>Broader market commentary about high bond yields, AI stock concentration, and a possible bubble environment could add some caution for financial stocks, but it is not a direct Bank of America-specific negative. <a href=\"https:\/\/finance.yahoo.com\/economy\/policy\/articles\/bond-strategists-warn-yields-stay-130000932.html\" rel=\"noopener\" target=\"_blank\"><i class=\"fa-regular fa-link pl-2 font-small\"><\/i><span class=\"sr-only\">Bond Strategists Warn Yields to Stay High Even If Iran War Ends<\/span><\/a><\/li>\n<li class=\"negative\"><span class=\"sr-only\">Negative Sentiment: <\/span>Bank of America\u2019s contrarian market warning about extreme AI-stock concentration suggests the firm is signaling caution on risk appetite, which could weigh on sentiment if investors interpret it as a bearish market call. <a href=\"https:\/\/blockonomi.com\/bank-of-america-issues-rare-contrarian-sell-warning-as-ai-stock-concentration-soars\/\" rel=\"noopener\" target=\"_blank\"><i class=\"fa-regular fa-link pl-2 font-small\"><\/i><span class=\"sr-only\">Bank of America Issues Rare Contrarian Sell Warning as AI Stock Concentration Soars<\/span><\/a><\/li>\n<\/ul>\n<h2>Wall Street Analysts Forecast Growth<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.marketbeat.com\/originals\/wells-fargos-comeback-is-realbut-not-risk-free\/\">Wells Fargo\u2019s Comeback Is Real\u2014But Not Risk-Free<\/a><\/li>\n<\/ul>\n<p>Several research firms recently weighed in on BAC. Autonomous Res decreased their price objective on Bank of America from $62.00 to $54.00 and set a &#8220;neutral&#8221; rating for the company in a report on Monday, April 6th. Jefferies Financial Group increased their target price on shares of Bank of America from $60.00 to $65.00 and gave the stock a &#8220;buy&#8221; rating in a report on Thursday, April 16th. UBS Group raised their target price on shares of Bank of America from $62.00 to $63.00 in a research report on Wednesday, May 6th. Morgan Stanley reduced their price target on shares of Bank of America from $67.00 to $61.00 and set an &#8220;overweight&#8221; rating for the company in a report on Tuesday, March 31st. Finally, JPMorgan Chase &#038; Co. lowered their price target on shares of Bank of America from $61.50 to $57.50 and set an &#8220;overweight&#8221; rating for the company in a research report on Tuesday, April 7th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued  a Hold rating to the company&#8217;s stock. Based on data from MarketBeat, the company currently has a consensus rating of &#8220;Moderate Buy&#8221; and a consensus target price of $61.06.<br \/><b><a href=\"https:\/\/www.marketbeat.com\/arnreports\/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&#038;Prefix=NYSE&#038;Symbol=BAC\" rel=\"nofollow\">View Our Latest Stock Analysis on BAC<\/a><\/b><\/p>\n<h2>Insiders Place Their Bets<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.marketbeat.com\/originals\/the-new-fed-chair-trade-who-wins-when-warsh-takes-the-helm\/\">The New Fed Chair Trade: Who Wins When Warsh Takes the Helm?<\/a><\/li>\n<\/ul>\n<p>In related news, insider Geoffrey S. Greener sold 126,756 shares of the business&#8217;s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the transaction, the insider directly owned 1,373,397 shares in the company, valued at $72,803,774.97. The trade was a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through <a href=\"http:\/\/www.sec.gov\/Archives\/edgar\/data\/70858\/000007085826000286\/xslF345X06\/form4.xml\" target=\"_blank\">this link<\/a>. Also, insider Thomas M. Scrivener sold 50,000 shares of the business&#8217;s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the <a href=\"http:\/\/www.sec.gov\/Archives\/edgar\/data\/70858\/000007085826000196\/xslF345X05\/form4.xml\" target=\"_blank\">official SEC disclosure<\/a>. Insiders have sold 354,588 shares of company stock valued at $17,814,296 in the last 90 days. Corporate insiders own  0.27% of the company&#8217;s stock. <\/p>\n<h2>Bank of America Price Performance<\/h2>\n<p>Shares of <a href=\"https:\/\/www.marketbeat.com\/stocks\/NYSE\/BAC\/\" target=\"_blank\">BAC<\/a> opened at $51.81 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $367.64 billion, a PE ratio of 12.82, a PEG ratio of 0.88 and a beta of 1.21. The company has a 50 day moving average price of $50.75 and a 200-day moving average price of $52.36. Bank of America Corporation has a fifty-two week low of $42.35 and a fifty-two week high of $57.55. <br \/>Bank of America (<a href=\"https:\/\/www.marketbeat.com\/stocks\/NYSE\/BAC\/\">NYSE:BAC<\/a> &#8211; <a style=\"font-weight:normal;text-decoration:italic;color:green\" href=\"https:\/\/www.marketbeat.com\/arnreports\/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&#038;Prefix=NYSE&#038;Symbol=BAC\">Get Free Report<\/a>) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.11. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The company had revenue of $30.27 billion during the quarter, compared to the consensus estimate of $29.72 billion. During the same period last year, the firm earned $0.90 earnings per share. Bank of America&#8217;s revenue was up 10.7% compared to the same quarter last year.  Equities analysts predict that  Bank of America Corporation will post 4.46 earnings per share for the current fiscal year. <\/p>\n<h2>Bank of America Announces Dividend<\/h2>\n<p>The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, June 5th. Bank of America&#8217;s payout ratio is 27.72%. <\/p>\n<h2 style=\"display:inline-block\">Bank of America Company Profile<\/h2>\n<p> (<a style=\"font-weight:normal;text-decoration:italic;color:green\" class=\"c-green\" href=\"https:\/\/www.marketbeat.com\/arnreports\/ReportTickerOptin.aspx?RegistrationCode=TickerHyperlink&#038;Prefix=NYSE&#038;Symbol=BAC\">Free Report<\/a>)<br \/>Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.  <br \/>Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.<!--ReadMore--><\/p>\n<h2>Featured Articles<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.marketbeat.com\/newsletter\/PDFoffer.aspx?offer=top5&#038;RegistrationCode=NewsSites-SeeAlso\">Five stocks we like better than Bank of America<\/a><\/li>\n<li><a href=\"https:\/\/www.marketbeat.com\/stock-ideas\/spacex-gets-the-attention-but-these-4-stocks-could-get-the-returns\/\" target=\"_blank\">SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns<\/a><\/li>\n<li><a href=\"https:\/\/www.marketbeat.com\/originals\/microsoft-stock-discount-may-be-ending-as-ai-catalysts-build\/\" target=\"_blank\">Microsoft Stock Discount May Be Ending as AI Catalysts Build<\/a><\/li>\n<li><a href=\"https:\/\/www.marketbeat.com\/originals\/apparel-earnings-winners-and-losers-ralph-lauren-takes-off\/\" target=\"_blank\">Apparel Earnings Winners and Losers: Ralph Lauren Takes Off<\/a><\/li>\n<li><a href=\"https:\/\/www.marketbeat.com\/stock-ideas\/why-walmart-target-and-tjx-got-such-different-reactions-after-earnings\/\" target=\"_blank\">Why Walmart, Target and TJX Got Such Different Reactions After Earnings<\/a><\/li>\n<\/ul>\n<p><!--ViewCount:type=f&id=24087416--><br \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.marketbeat.com\/scripts\/SECFilingChart.ashx?Prefix=NYSE&#038;Symbol=BAC\" alt=\"Institutional Ownership by Quarter for Bank of America (NYSE:BAC)\" width=\"650\" height=\"350\" loading=\"lazy\"><!--Keyword: Bank of America,NYSE:BAC,BAC,Finance,SEC Filings,13F,Hedge Fund Holdings,Institutional Investor Holdings--><!--Ratings:4,27,NYSE:BAC--><br \/><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<\/em><br \/>Before you consider Bank of America, you&#8217;ll want to hear this.<br \/>MarketBeat keeps track of Wall Street&#8217;s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the <a href=\"https:\/\/www.marketbeat.com\/newsletter\/PDFoffer.aspx?offer=top5&#038;RegistrationCode=ArticlePage-ShouldYouInvest\">five stocks<\/a> that top analysts are quietly whispering to their clients to buy now before the broader market catches on&#8230; and Bank of America wasn&#8217;t on the list.<br \/>While Bank of America currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.<br \/><a class=\"btn btn-featured\" style=\"text-decoration:none\" href=\"https:\/\/www.marketbeat.com\/newsletter\/PDFoffer.aspx?offer=top5&#038;RegistrationCode=ArticlePage-ShouldYouInvest\">View The Five Stocks Here <span class=\"mr-3 fa-regular fa-angle-right\" aria-hidden=\"true\"><\/span><\/a><br \/>With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.<br \/>Sign up for MarketBeat All Access to gain access to MarketBeat&#8217;s full suite of research tools.<br \/>Featured By<br \/>                                          345 N Reid Place, Suite 620, Sioux Falls, SD 57103                                          <br \/>                                          contact@marketbeat.com                                          <br \/>                                          (844) 978-6257                                      <br \/>&copy; MarketBeat Media, LLC 2010-2026. All rights reserved.<br \/>                                  &copy; 2026 &nbsp; Fair market value prices are updated every minute and are provided by <a href=\"https:\/\/massive.com\/\" rel=\"nofollow\" target=\"_blank\">Massive<\/a>. Other market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.  Information is provided &#8216;as-is&#8217; and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see <a href=\"https:\/\/www.barchartmarketdata.com\/terms\" rel=\"nofollow\" target=\"_blank\">Barchart&#8217;s disclaimer<\/a>. <span id=\"keep-for-checking-size\" class=\"d-none d-sm-inline-block\"><\/span>                              <br \/><a href=\"\/manage\/\" style=\"font-weight: normal;\">My Account &#8211; <span class=\"d-inline-block lh-loose\" style=\"white-space: nowrap;\">                  <\/span><\/a><\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMizgFBVV95cUxNN1NRbjBzaHRMVE1zdm1FZmVJd0dDc0h5czh2ejlCdlRhb2VzYktNYkxkcEFDdEZiOXYzTXBETzBmVE43OElRam4zbnBWRGY0Q21mT05pSW40cTRXeWJhSnVoSDQwV2dfM3Y0b09faW5FSUh4aXFFNDAtQ1U5QnNHcGtsRkFBb0N3dDVGUXNJaDNRSWIwcUI5cmVCQVVldWxCczMzT2Y3TkhfVEZhT3dBb1VraXhEeEF5N1pUWlg2ZGR4cVVXWlY5VmhvdEszZw?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allstate Corp boosted its position in shares of Bank of America Corporation (NYSE:BAC &#8211; Free Report) by 107.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,695 shares of the financial services provider&#8217;s stock after purchasing an additional 277,919 shares during the period. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-19268","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/19268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=19268"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/19268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/19269"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=19268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=19268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=19268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}