26,600 Shares in Bank of America Corporation $BAC Purchased by Pensionfund Sabic

Pensionfund Sabic purchased a new stake in shares of Bank of America Corporation (NYSE:BAC) in the 4th quarter, Holdings Channel reports. The fund purchased 26,600 shares of the financial services provider’s stock, valued at approximately $1,463,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Bank of America during the second quarter worth approximately $5,091,641,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Bank of America by 640.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after acquiring an additional 40,235,201 shares in the last quarter. Capital World Investors grew its position in Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after acquiring an additional 14,275,810 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Bank of America by 124.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after purchasing an additional 9,782,208 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Bank of America during the 3rd quarter valued at $224,863,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the sale, 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. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.30% of the company’s stock.

Bank of America Trading Up 1.2%

NYSE:BAC opened at $48.10 on Wednesday. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The business’s 50-day moving average price is $51.31 and its two-hundred day moving average price is $52.33. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $345.19 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.16 and a beta of 1.28.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion during 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 for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. On average, equities analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. Bank of America’s payout ratio is currently 29.24%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BAC shares. Piper Sandler boosted their price objective on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Daiwa Securities Group lowered their target price on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. HSBC lifted their price target on Bank of America from $55.00 to $57.00 and gave the company a “hold” rating in a report on Friday, February 6th. Royal Bank Of Canada increased their price objective on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a research report on Monday. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.87.

Bank of America News Summary

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

• Positive Sentiment: Shares are rallying relative to the broader market after recent coverage noted BAC outperformed peers as markets fell, suggesting relative resilience and investor interest. Bank of America (BAC) Ascends While Market Falls
• Positive Sentiment: Dividend-focused coverage highlights BAC as an attractive high-yield, large-cap bank pick for income investors — supports demand from yield-seeking buyers. Bank of America (BAC) is a Top Dividend Stock Right Now
• Positive Sentiment: Brand/CSR news: Bank of America joined U.S. Soccer’s “Soccer at Schools” initiative — positive for reputation and community engagement, which can help retail/consumer relationships over time. U.S. Soccer, Soccer Forward Foundation and Bank of America Launch ‘Soccer at Schools’
• Neutral Sentiment: Analyst preview: Industry pieces note analysts expect low double-digit EPS growth for BAC in the upcoming quarter — this sets expectations investors will watch at the next earnings release. What to Expect From Bank of America’s Next Quarterly Earnings Report
• Neutral Sentiment: Regulatory/filing update: BAC filed its 2025 Form 10‑K with the UK National Storage Mechanism — routine disclosure that removes uncertainty around filings but is not a near-term earnings driver. Bank of America Files 2025 Form 10-K
• Negative Sentiment: Goldman Sachs trimmed its price target on BAC (from $67 to $57) and issued a more cautious outlook — analyst cuts/target reductions can weigh on sentiment and limit near-term upside. Benzinga: Price Target Change
• Negative Sentiment: Industry risk: Coverage in the WSJ highlights strains in private credit that are creating exposures and new risks for big banks — raises questions on credit quality and potential mark/loan-loss pressure. Big Banks Are Playing Both Sides of the Private Credit Meltdown

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.