Highland Capital Management LLC lowered its holdings in Bank of America Corporation (NYSE:BAC) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 296,986 shares of the financial services provider’s stock after selling 16,010 shares during the quarter. Bank of America accounts for about 0.8% of Highland Capital Management LLC’s holdings, making the stock its 22nd biggest position. Highland Capital Management LLC’s holdings in Bank of America were worth $16,334,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in BAC. Vanguard Group Inc. boosted its holdings in Bank of America by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after buying an additional 23,351,183 shares in the last quarter. Capital World Investors increased its holdings in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after buying an additional 14,275,810 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Bank of America by 2.5% in the third quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock valued at $2,717,657,000 after buying an additional 1,272,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Bank of America by 640.5% during 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 valued at $2,399,798,000 after acquiring an additional 40,235,201 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Bank of America by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider’s stock worth $2,266,045,000 after acquiring an additional 1,458,551 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Bank of America
Here are the key news stories impacting Bank of America this week:
- Positive Sentiment: Bank of America strategist Michael Hartnett argues the U.S. is in a nominal “boom loop,” forecasting stronger GDP growth — a macro backdrop that would support loan growth, fee income and credit performance for large banks like BAC. Bank of America drops stunning take on the economy
- Positive Sentiment: BofA research notes U.S. midterms could push the Administration toward less aggressive tariffs — a reduction in trade friction would be constructive for corporate profits and markets, indirectly supportive of BAC’s trading and corporate banking franchise. The midterms could lead to less aggressive tariffs, BofA says
- Positive Sentiment: BofA’s investment-banking platform is active: Teva will present at the BofA Securities Health Care Conference, reflecting dealflow and event-based fee opportunities for the bank. Teva to Present at the BofA Securities Health Care Conference
- Neutral Sentiment: BAC recently reaffirmed its 2025 risk profile with no material changes disclosed — a sign of stability but not a catalyst. Bank of America Reaffirms 2025 Risk Profile
- Neutral Sentiment: UBS/Bloomberg market commentary highlights two?sided tail risks (AI-led rallies vs. energy-driven drag) — relevant market context but not bank-specific. Traders Grapple With Two-Sided Tail Risk as Stocks Regain Highs
- Neutral Sentiment: Regulatory disclosure from Belgium: Bank of America’s direct voting interest in Umicore fell just below the 3% threshold — a routine portfolio disclosure with limited impact on BAC itself. Umicore – Transparency notification by Bank of America Corporation
- Negative Sentiment: Treasury Secretary Bessent warns of AI-powered bank account hacks — rising cyberthreat concerns could mean higher security spending and operational risk for banks, a potential negative catalyst. Bessent Warns of Threat of AI-Powered Bank Account Hacks
- Negative Sentiment: Chicago Fed’s Austan Goolsbee called recent inflation data “bad news” and urged caution on cuts — the risk of a later-than-expected easing cycle increases macro uncertainty and can weigh on bank trading revenue and investor sentiment. Fed’s Goolsbee labels recent inflation data “bad news,” urges caution
Bank of America Price Performance
Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The company had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts forecast that Bank of America Corporation will post 4.46 EPS for the current fiscal 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 paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 2.1%. Bank of America’s payout ratio is presently 27.72%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Piper Sandler upped their price target on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. HSBC lifted their price objective on Bank of America from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Oppenheimer upped their target price on Bank of America from $58.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. UBS Group dropped their price target on Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Morgan Stanley cut their price target on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and a consensus price target of $61.02.
View Our Latest Analysis on Bank of America
Insider Buying and Selling at Bank of America
In other Bank of America news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the transaction, the insider directly owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 227,832 shares of company stock worth $11,094,960. Corporate insiders own 0.27% of the company’s stock.
Bank of America 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.
Further Reading
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