TIAA Trust National Association Sells 107,728 Shares of Bank of America Corporation $BAC

TIAA Trust National Association reduced its stake in shares of Bank of America Corporation (NYSE:BAC) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 690,246 shares of the financial services provider’s stock after selling 107,728 shares during the quarter. TIAA Trust National Association’s holdings in Bank of America were worth $35,610,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Quaker Wealth Management LLC grew its stake in Bank of America by 246.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 880 shares in the last quarter. Steph & Co. boosted its holdings in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares during the period. Marquette Asset Management LLC bought a new position in Bank of America in the third quarter worth approximately $30,000. Collier Financial purchased a new position in Bank of America during the 3rd quarter worth $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Bank of America during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Bank of America News

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: High institutional and analyst interest — multiple articles note heavy hedge-fund and analyst bullishness on BAC (15 of 19 analysts with Buy/Outperform coverage), which supports demand for the shares and institutional flows. Here is Why Bank of America Corporation (BAC) is Highly Favored By Hedge Funds
• Positive Sentiment: Short-term momentum/relative performance — coverage noting that BAC has outpaced broad market gains helps explain intraday buying and reinforces momentum traders’ interest. Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
• Positive Sentiment: Corporate citizenship and franchise-strength signaling — Bank of America announced nearly $40M invested in U.S. workforce skills (2025 programs), a reputational and relationship-building move that supports long-term deposit/fee growth and investor perception. BofA Invests Nearly $40 Million into American Workforce Skills in 2025
• Neutral Sentiment: Valuation and performance review — a write-up assessing BAC’s pricing versus excess returns and P/E signals highlights mixed near-term signals (small recent pullback) but solid multi-year gains; useful context for investors weighing value vs. momentum. Is Bank of America (BAC) Pricing Reflect Its Excess Returns And P/E Valuation Signals
• Neutral Sentiment: Regulatory/filing housekeeping — BAC filed its latest Form 10‑K with the U.K. National Storage Mechanism; standard disclosure compliance that’s neutral for stock direction but relevant for modelers and institutional holders. Bank of America Files Latest Form 10-K with U.K. National Storage Mechanism
• Neutral Sentiment: Relative bank-comparison pieces — analyst commentary comparing BAC vs. Wells Fargo on earnings growth, investment banking momentum and valuation may drive relative flows among bank ETFs and sector rotation trades. Bank of America or Wells Fargo: Which Big Bank Offers More Upside?

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial lowered their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Argus increased their target price on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Robert W. Baird boosted their price target on shares of Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.30.

Bank of America Stock Up 1.1%

NYSE:BAC opened at $52.28 on Friday. The company’s 50-day simple moving average is $54.02 and its 200-day simple moving average is $52.38. 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 Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The stock has a market capitalization of $381.77 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.26 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, equities analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Bank of America Company Profile

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.

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.