Fiduciary Alliance LLC Trims Stock Holdings in Bank of America Corporation $BAC

Fiduciary Alliance LLC lowered its stake in shares of Bank of America Corporation (NYSE:BAC) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,330 shares of the financial services provider’s stock after selling 31,264 shares during the period. Fiduciary Alliance LLC’s holdings in Bank of America were worth $3,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Bank of America by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock valued at $35,809,225,000 after purchasing an additional 23,351,183 shares in the last quarter. Capital World Investors grew its holdings in shares of Bank of America by 11.0% during the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after buying an additional 14,275,810 shares in the last quarter. Norges Bank acquired a new position in shares of Bank of America in the fourth quarter valued at approximately $4,774,210,000. Bank of New York Mellon Corp raised its position in shares of Bank of America by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after buying an additional 2,929,779 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Bank of America by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after buying an additional 1,105,833 shares during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

BAC has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Autonomous Res reduced their price target on Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Evercore decreased their price objective on Bank of America from $70.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Jefferies Financial Group lifted their price objective on Bank of America from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, HSBC upped their target price on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.23.

Bank of America Stock Performance

Shares of BAC stock opened at $57.73 on Thursday. Bank of America Corporation has a one year low of $44.75 and a one year high of $58.33. 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 company has a 50 day moving average price of $53.19 and a 200 day moving average price of $52.62. The firm has a market capitalization of $409.71 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $29.72 billion. During the same quarter last year, the business earned $0.90 EPS. Bank of America’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Bank of America Corporation will post 4.45 EPS for the current year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. Bank of America’s dividend payout ratio (DPR) is presently 27.72%.

Insider Transactions at Bank of America

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 1,373,397 shares in the company, valued at $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America’s own research teams remained active on the bullish side of the market, including a raised price target on Micron and a higher target on Credicorp, which reinforces BAC’s influence in equity research and could support investor confidence in its capital markets franchise. Article Title
• Positive Sentiment: Bank of America also highlighted improving U.S. housing sentiment in its latest Homebuyer Insights Report, which could signal healthier consumer demand and stronger lending activity ahead. Article Title
• Positive Sentiment: The company announced a new community initiative with Street Child United tied to the 2026 World Cup, a brand-building move that may help BAC’s public image but is unlikely to move earnings by itself. Article Title
• Neutral Sentiment: Bank of America increased its stake in CA Immobilien to just over 4%, and disclosed another holding update in Qiagen; these are notable portfolio disclosures, but they are not directly tied to BAC’s operating results. Article Title
• Neutral Sentiment: Several articles focused on Bank of America’s macro outlook, including a more hawkish Fed forecast with three rate hikes in 2026 and commentary on consumer spending trends; these may matter for BAC’s lending margins and credit demand, but the implications are mixed. Article Title
• Negative Sentiment: The most market-sensitive macro call is BAC’s shift to a higher-rate forecast, which could increase pressure on borrowers and add uncertainty for the broader economy even if it helps net interest income. Article Title

About Bank of America

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.