Aristotle Atlantic Partners LLC Has $24.10 Million Stake in Bank of America Corporation $BAC

Key Points

• Aristotle Atlantic trimmed its stake in Bank of America by 4.4% in Q3 and now holds 467,067 shares valued at about $24.10 million.
• Insiders have been net sellers recently — 227,832 shares sold in the last 90 days, including Bernard A. Mensah’s 94,000-share sale and James P. Demare’s 83,832-share sale — leaving insiders owning 0.30% of the company.
• Wall Street’s consensus is a “Moderate Buy” with an average price target of $60.30, while BAC trades near $46.72 and pays a $0.28 quarterly dividend (≈2.4% yield).

Aristotle Atlantic Partners LLC trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 467,067 shares of the financial services provider's stock after selling 21,561 shares during the period. Aristotle Atlantic Partners LLC's holdings in Bank of America were worth $24,096,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BAC. Brighton Jones LLC grew its holdings in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider's stock valued at $4,785,000 after buying an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Bank of America by 40.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock worth $1,013,000 after acquiring an additional 6,174 shares in the last quarter. Fiera Capital Corp acquired a new stake in Bank of America during the 2nd quarter worth about $442,000. Intrua Financial LLC boosted its position in Bank of America by 19.7% during the 2nd quarter. Intrua Financial LLC now owns 14,526 shares of the financial services provider's stock worth $687,000 after acquiring an additional 2,386 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in Bank of America by 4.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 52,061 shares of the financial services provider's stock valued at $2,464,000 after acquiring an additional 2,118 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BAC has been the topic of a number of research reports. Erste Group Bank downgraded Bank of America from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Royal Bank Of Canada boosted their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Bank of America from $64.00 to $63.00 and set an "outperform" rating on the stock in a research note on Thursday, January 15th. Morgan Stanley cut their target price on shares of Bank of America from $68.00 to $64.00 and set an "overweight" rating for the company in a research report on Thursday, January 15th. Finally, Piper Sandler lifted their target price on shares of Bank of America from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, January 15th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.30.

Insider Buying and Selling

In related news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the sale, the insider owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Demare sold 83,832 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 307,240 shares in the company, valued at $15,362,000. This trade represents a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 227,832 shares of company stock valued at $11,094,960. Insiders own 0.30% of the company's stock.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Wall Street remains broadly constructive on BAC with multiple buy/outperform ratings and a median price target near $62 — a reminder of upside potential if macro conditions stabilize. Bank of America Receives Average Recommendation of "Moderate Buy"
• Positive Sentiment: Brand and community initiatives (e.g., the Bank of America Chicago Marathon) and ongoing product partnerships support franchise value and client engagement over the long term. 2025 Bank of America Chicago Marathon Pumps Record $756 Million into Chicago Economy
• Neutral Sentiment: The Board announced scheduled preferred-stock dividend payments for April/May — routine cash flows for preferred holders that don’t materially change common-share economics. Bank of America Declares Preferred Stock Dividends Payable in April and May 2026
• Neutral Sentiment: New product/partnership news such as the Zelle DAF disbursement capability is strategically positive but unlikely to move the stock near-term; it’s an execution/UX improvement more relevant to retail client metrics. Zelle® and Bank of America Partner to Accelerate Delivery of Charitable Donations to Nonprofits
• Negative Sentiment: Bank of America strategist Michael Hartnett warned that market behavior looks “ominously close” to 2008, citing oil spikes and private-credit concerns — comments that can amplify risk-off flows into banks and hit sentiment across the sector. Stock Market Behavior is ‘Ominously Close’ to 2008, Warns BofA’s Hartnett
• Negative Sentiment: High-profile selling: reports show Berkshire (and Buffett-related filings) trimmed its BAC stake substantially, and headline coverage of Buffett selling roughly half his position has created fresh negative pressure and media attention. Large shareholder exits weigh on short-term sentiment. Warren Buffett Wrapped Up His Illustrious Investing Career by Selling 50% of His Bank of America Stake and Piling Around $1.2 Billion Into This Scorching-Hot Oil Stock
• Negative Sentiment: Sector-wide pressure from renewed rate volatility, heavy Treasury issuance and lingering regulatory/capital buffer concerns has driven a bank selloff; BAC’s sensitivity to net interest income assumptions and recent insider/institutional sales magnify downside when investors rotate out of financials. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares

Bank of America Stock Performance

Shares of NYSE BAC opened at $46.72 on Friday. The business's 50-day simple moving average is $52.52 and its 200-day simple moving average is $52.47. 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 52 week low of $33.06 and a 52 week high of $57.55. The firm has a market cap of $335.32 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 1.14 and a beta of 1.28.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

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 paid a $0.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. Bank of America's payout ratio 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.

Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.