Bank of America Corporation $BAC Holdings Trimmed by LGT Group Foundation

LGT Group Foundation lowered its holdings in Bank of America Corporation (NYSE:BAC) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,610,544 shares of the financial services provider’s stock after selling 13,920 shares during the period. Bank of America makes up 0.9% of LGT Group Foundation’s portfolio, making the stock its 23rd biggest position. LGT Group Foundation’s holdings in Bank of America were worth $81,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Bank of America by 8.4% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 14,933 shares of the financial services provider’s stock valued at $770,000 after buying an additional 1,158 shares in the last quarter. PFG Advisors lifted its stake in Bank of America by 13.1% in the 3rd quarter. PFG Advisors now owns 31,040 shares of the financial services provider’s stock worth $1,601,000 after acquiring an additional 3,607 shares in the last quarter. Skyline Advisors Inc. boosted its position in Bank of America by 1.1% during the 3rd quarter. Skyline Advisors Inc. now owns 21,572 shares of the financial services provider’s stock worth $1,113,000 after acquiring an additional 235 shares during the period. ProVise Management Group LLC boosted its position in Bank of America by 5.2% during the 3rd quarter. ProVise Management Group LLC now owns 87,839 shares of the financial services provider’s stock worth $4,532,000 after acquiring an additional 4,316 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Bank of America by 11.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 677,919 shares of the financial services provider’s stock valued at $34,974,000 after acquiring an additional 68,093 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

NYSE BAC opened at $48.68 on Monday. The stock has a 50-day simple moving average of $53.27 and a 200 day simple moving average of $52.55. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The stock has a market capitalization of $349.36 billion, a PE ratio of 12.71, a P/E/G ratio of 1.19 and a beta of 1.28. 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 (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. Research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

More Bank of America News

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

• Positive Sentiment: Dividend & income support — recent disclosures and commentary emphasize BAC’s steady dividend and yield profile, which can stabilize investor demand for the stock among income-focused holders. MarketBeat: BAC dividend and analyst context
• Positive Sentiment: Analyst buy-case reminders — some coverage continues to highlight BAC’s relatively low P/E and potential net interest margin tailwinds, which underpin a medium‑term constructive thesis for earnings and cash returns. Bank Of America: Slipping Back Into The ‘Buy’ Zone
• Neutral Sentiment: Business-as-usual capital‑markets activity — BofA Securities leading arrangements (e.g., SM Energy notes) underscores recurring fee revenue but is not large enough to move BAC’s share price materially by itself. Vinson & Elkins / SM Energy notes
• Neutral Sentiment: Analyst activity at BofA (on other names) and prior upgrade headlines are operational signals of the bank’s research strength but do not directly affect BAC’s fundamentals. BofA revamps Marvell rating
• Negative Sentiment: Insider selling — multiple disclosures show large insider sales (including a reported $2.49M sale and a separate $4.19M sale; Thomas Scrivener sold 50,000 shares at ~$49.82), which traders often view as a near‑term negative signal for sentiment and can prompt selling pressure. Insider Selling: $4,191,600 Insider Selling: $2,491,000
• Negative Sentiment: Strategist caution — BofA’s chief investment strategist warned the market is in a reset and that a durable rebound isn’t likely yet; that caution increases risk‑off trading and can pressure cyclical financials like BAC. BofA drops shock message
• Negative Sentiment: Macro & credit risk flags — coverage highlights systemic risks from leveraged loans / bank‑loan ETFs, BofA’s public stance on crypto legislation, and geopolitical oil shocks (Strait of Hormuz) that could drive volatility, trading losses or credit stress for banks. Bank Of America Risk Signals BofA names the real risk for U.S. economy

Insiders Place Their Bets

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the sale, the insider directly owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BAC shares. Wolfe Research downgraded Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Royal Bank Of Canada increased their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Barclays lifted their target price on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, TD Cowen lowered their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

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.