Bank of America Corporation $BAC Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors reduced its stake in Bank of America by 9.9% in Q4, selling 9,667 shares and retaining 87,835 shares valued at about $4.83 million.
• Insiders sold 227,832 shares worth roughly $11.09 million over the past three months, including James P. Demare (83,832 shares at ~$50) and Bernard A. Mensah (94,000 shares at ~$46.94).
• Analysts remain broadly positive with 23 Buys and 5 Holds, a consensus rating of “Moderate Buy” and a consensus price target of $59.10.

Cantor Fitzgerald Investment Advisors L.P. lowered its stake in Bank of America Corporation (NYSE:BAC) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,835 shares of the financial services provider's stock after selling 9,667 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Bank of America were worth $4,831,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in Bank of America in the third quarter valued at about $27,000. Steph & Co. increased its stake in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider's stock worth $28,000 after purchasing an additional 379 shares during the period. Marquette Asset Management LLC purchased a new stake in Bank of America during the third quarter worth about $30,000. Collier Financial purchased a new stake in Bank of America during the third quarter worth about $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Bank of America during the third quarter worth about $31,000. Institutional investors and hedge funds own 70.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on BAC shares. Wall Street Zen upgraded shares of Bank of America from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank of America in a research note on Tuesday, January 27th. Royal Bank Of Canada boosted their price target on shares of Bank of America from $56.00 to $59.00 and gave the stock an "outperform" rating in a research note on Friday, December 12th. UBS Group cut their price target on shares of Bank of America from $67.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, HSBC upgraded shares of Bank of America from a "hold" rating to a "buy" rating and set a $57.00 price target on the stock in a research note on Wednesday, April 1st. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.10.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of the 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 transaction, the insider directly owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction that occurred on 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 owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 227,832 shares of company stock worth $11,094,960 over the last three months. Insiders own 0.27% of the company's stock.

Bank of America Stock Down 0.3%

BAC stock opened at $52.56 on Friday. The company's 50 day moving average price is $50.59 and its 200 day moving average price is $52.19. 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 fifty-two week low of $34.81 and a fifty-two week high of $57.55. The firm has a market capitalization of $375.56 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.92 and a beta of 1.23.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business's quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, March 6th. Bank of America's dividend payout ratio is presently 29.24%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: KBW says largest banks now trade at higher multiples than smaller banks, a relative-valuation tailwind for big-cap lenders like BAC as investors re-rate scale and franchise advantages. Largest banks trade at higher multiples than smaller banks now, says KBW's Chris McGratty
• Positive Sentiment: Several analysts have revised earnings forecasts ahead of BAC’s Q1 report (consensus ~ $1.01/sh), which raises expectations that a modest beat could lift the stock on the print. Bank of America Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: An analyst raised FY2026 EPS forecasts for BAC, signaling some upward revision risk to estimates that could support the stock if confirmed by results. FY2026 EPS Forecast for Bank of America Increased by Analyst
• Positive Sentiment: BAC is highlighted for OCIO leadership and involvement in potential large AI data-center financing (Oracle project), which points to meaningful investment-banking/credit revenue opportunities. Bank Of America’s OCIO Leadership And AI Financing Set Against Valuation
• Neutral Sentiment: BofA research upgraded its semiconductor view and flagged AI “picks-and-shovels” (Cadence, Synopsys) — a sign of research strength that indirectly supports fee businesses but doesn’t move BAC’s core banking metrics. Bank of America Wants You to Buy the Dip in These 2 Picks-and-Shovels AI Stocks
• Neutral Sentiment: BofA reiterates a view that the Fed is likely to cut rates this year — a macro forecast that has mixed implications for bank net interest margins and stock multiple direction. BofA explains why Fed is likely to deliver rate cuts this year
• Negative Sentiment: UBS trimmed its BAC price target to $62, signaling reduced upside from that shop and contributing to downward pressure on the stock. UBS Group Cuts Bank of America NYSE: BAC Price Target to $62.00
• Negative Sentiment: JPMorgan also lowered its BAC price target to $57.50, adding to analyst-driven headwinds into the earnings print. JPMorgan Chase & Co. Lowers Bank of America NYSE: BAC Price Target to $57.50

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.

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