Berkshire Hathaway Inc Has $29.31 Billion Stock Holdings in Bank of America Corporation $BAC

Key Points

• Berkshire Hathaway trimmed its Bank of America stake by 6.1% in the quarter and now holds 568,070,012 shares—about $29.31 billion in value—making BAC its third-largest holding.
• Wall Street remains mostly constructive: analysts have raised price targets recently and the consensus rating is a “Moderate Buy” with a consensus target of about $60.30.
• Near-term sentiment is pressured by insider selling (over $11M of shares sold last quarter), Berkshire’s trimming of its position, and sector headwinds such as rate volatility; BAC trades around the mid-$40s and pays a quarterly dividend of $0.28 (≈2.4% yield).

Berkshire Hathaway Inc lessened its holdings in shares of Bank of America Corporation (NYSE:BAC) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 568,070,012 shares of the financial services provider's stock after selling 37,197,363 shares during the quarter. Bank of America accounts for approximately 11.0% of Berkshire Hathaway Inc's holdings, making the stock its 3rd largest holding. Berkshire Hathaway Inc owned 7.78% of Bank of America worth $29,306,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAC. Brighton Jones LLC lifted its holdings 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 increased its stake in Bank of America by 40.5% during the 2nd 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 in the last quarter. Fiera Capital Corp bought a new stake in Bank of America during the 2nd quarter worth approximately $442,000. Intrua Financial LLC raised its holdings 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 buying an additional 2,386 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake 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 valued at $2,464,000 after buying an additional 2,118 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. CICC Research assumed coverage on shares of Bank of America in a report on Wednesday, January 14th. They issued an "outperform" rating and a $62.00 price target for the company. Piper Sandler raised their price objective on shares of Bank of America from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, January 15th. TD Cowen cut their price objective on shares of Bank of America from $66.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, January 15th. JPMorgan Chase & Co. increased their target price on Bank of America from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group lifted their price target on Bank of America from $65.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to 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

In related news, insider Bernard A. Mensah sold 94,000 shares of the company's stock in a transaction dated 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 sale, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 227,832 shares of company stock worth $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 Stock Performance

Shares of BAC opened at $46.72 on Friday. The stock has a market capitalization of $335.32 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.14 and a beta of 1.28. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The firm has a fifty day simple moving average of $52.52 and a 200 day simple moving average of $52.47. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the business earned $0.82 EPS. The company's revenue was up 12.3% compared to the same quarter last year. Research analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date of this dividend 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 currently 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.

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