Douglas Lane & Associates LLC Reduces Stock Position in Bank of America Corporation $BAC

Key Points

• Douglas Lane & Associates LLC cut its stake in Bank of America by 8.1%, selling 118,110 shares in Q4 and leaving it with 1,347,980 shares valued at about $74.14 million.
• Other large institutions largely added to positions (notably Capital World Investors, Fisher and UBS AM) and institutional ownership is about 70.71%; analysts rate BAC a "Moderate Buy" with an average target of $59.10.
• BAC has a market cap of ~$376.8B, a P/E of 13.77 and a 2.1% yield (quarterly $0.28); insiders have recently sold shares and the company will report Q1 results on April 15.

Douglas Lane & Associates LLC cut its stake in Bank of America Corporation (NYSE:BAC) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,347,980 shares of the financial services provider's stock after selling 118,110 shares during the period. Douglas Lane & Associates LLC's holdings in Bank of America were worth $74,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Capital World Investors grew its position in shares of 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 purchasing an additional 14,275,810 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of 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 purchasing an additional 1,272,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Bank of America by 640.5% in the third 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 purchasing an additional 40,235,201 shares in the last quarter. Legal & General Group Plc grew its position in shares of Bank of America by 3.4% in the third quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider's stock valued at $2,266,045,000 after purchasing an additional 1,458,551 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Bank of America by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 30,648,910 shares of the financial services provider's stock valued at $1,581,350,000 after purchasing an additional 640,462 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on Bank of America from $64.00 to $63.00 and set an "outperform" rating for the company in a research report on Thursday, January 15th. Royal Bank Of Canada upped their price target on Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Wells Fargo & Company upped their price target on Bank of America from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. HSBC upgraded Bank of America from a "hold" rating to a "buy" rating and set a $57.00 price target for the company in a research report on Wednesday, April 1st. Finally, Barclays increased their price objective on Bank of America from $59.00 to $71.00 and gave the stock an "overweight" rating in a research report on Monday, January 5th. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.10.

Bank of America Stock Up 1.6%

NYSE:BAC opened at $52.73 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock's fifty day moving average is $50.60 and its two-hundred day moving average is $52.19. Bank of America Corporation has a 52 week low of $34.63 and a 52 week high of $57.55. The stock has a market capitalization of $376.77 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.91 and a beta of 1.23.

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

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders 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 yield of 2.1%. The ex-dividend date was Friday, March 6th. Bank of America's dividend payout ratio is 29.24%.

Insiders Place Their Bets

In other Bank of America news, insider James P. Demare sold 83,832 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider owned 227,973 shares in the company, valued at $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 227,832 shares of company stock worth $11,094,960 over the last ninety days. Corporate insiders own 0.27% of the company's stock.

Bank of America News Summary

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

• Positive Sentiment: CashPro adoption is rising — the CashPro app reported a 20% increase in usage and clients are approving roughly $38,000 in payments every second, highlighting stronger fee income and deeper commercial client engagement for BAC. CashPro App Usage Rises 20% as Clients Approve $38,000 in Payments Every Second
• Positive Sentiment: BofA's OCIO leadership and role in potential AI infrastructure financing (reported as part of a possible ~$14B package for Oracle/OpenAI cloud build‑out) point to large corporate lending and advisory opportunities that could boost non‑interest income. Bank Of America’s OCIO Leadership And AI Financing Set Against Valuation
• Positive Sentiment: Regulatory draft rules could free up to $320B of capital for U.S. banks, according to analysts — a structural tailwind that could allow BAC to redeploy capital into lending, buybacks or higher dividends over time. US banks could release $320 billion in capital with new draft rules, analysts say
• Positive Sentiment: BAC announced it will redeem $3.0B of 3.559% senior notes due April 2027 on April 23 — a debt refinancing/management action that simplifies the liability profile and reduces outstanding debt. Bank of America Announces Redemption of $3,000,000,000 3.559% Fixed/Floating Rate Senior Notes, Due April 2027
• Neutral Sentiment: Q1 earnings are a near‑term catalyst — BAC will report results and host a conference call on April 15; investors are positioning ahead of that report. Bank of America to Report First Quarter 2026 Financial Results and Host Investor Conference Call on April 15
• Neutral Sentiment: BofA research continues to generate headlines (e.g., a note on large growth in sports‑related event contracts and broader sector calls), reinforcing the bank’s franchise as a research and advisory leader — useful for reputation and client flow but indirect for near‑term stock moves. BofA Expects Sports-Related Event Contracts to Hit $1.1 Trillion Per Year
• Negative Sentiment: Several analysts have trimmed price targets recently (UBS cut its target to $62 from $67 but kept a Buy; Truist trimmed to $57), and JPMorgan lowered its target to $57.50 — these actions cap near‑term upside and add some pressure on sentiment. UBS adjusts price target on Bank of America Corp to $62 from $67; maintains buy rating JPMorgan Chase & Co. Lowers Bank of America NYSE: BAC Price Target to $57.50

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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