Ausdal Financial Partners Inc. Has $1.97 Million Holdings in Bank of America Corporation $BAC

Key Points

• Ausdal Financial Partners Inc. boosted its stake in Bank of America by 52.1%, acquiring an additional 13,081 shares to hold 38,182 shares worth about $1.97 million.
• Wall Street consensus is a Moderate Buy (21 Buys, 5 Holds) with a consensus target price of $60.30, and several analysts have recently raised targets (e.g., Wells Fargo $65, Goldman $67), indicating upside potential if macro conditions stabilize.
• Market sentiment is pressured by selling: insiders disposed of 227,832 shares (~$11.09M) over the last three months and high-profile exits (notably Berkshire/Buffett trimming roughly half its BAC stake) have added negative near-term pressure.

Ausdal Financial Partners Inc. increased its position in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 52.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,182 shares of the financial services provider's stock after buying an additional 13,081 shares during the period. Ausdal Financial Partners Inc.'s holdings in Bank of America were worth $1,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider's stock valued at $4,785,000 after purchasing an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider's stock worth $1,013,000 after purchasing an additional 6,174 shares during the period. Fiera Capital Corp bought a new stake in Bank of America in the second quarter worth approximately $442,000. Foundations Investment Advisors LLC increased its holdings in Bank of America by 4.2% in the second quarter. Foundations Investment Advisors LLC now owns 52,061 shares of the financial services provider's stock worth $2,464,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in Bank of America by 7.9% in the second quarter. Meridian Wealth Management LLC now owns 37,717 shares of the financial services provider's stock valued at $1,785,000 after buying an additional 2,756 shares during the period. Institutional investors and hedge funds own 70.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BAC shares. Wells Fargo & Company increased their price target on Bank of America from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. The Goldman Sachs Group boosted their target price on shares of Bank of America from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Bank of America from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Morgan Stanley reduced their price target on shares of Bank of America from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, January 15th. Finally, HSBC lifted their price target on shares of Bank of America from $55.00 to $57.00 and gave the company a "hold" rating in a research note on Friday, February 6th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.30.

Insider Buying and Selling at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the business'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 of the company's stock, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have 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 News Roundup

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 Trading Down 0.9%

NYSE BAC opened at $46.72 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The business has a 50 day moving average price of $52.52 and a 200-day moving average price of $52.48. The company 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 issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $27.73 billion. During the same period last year, the business earned $0.82 EPS. Bank of America's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Friday, March 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America's dividend payout ratio (DPR) is 29.24%.

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.

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