Generali Asset Management SPA SGR Trims Holdings in Bank of America Corporation $BAC

Key Points

• Generali Asset Management reduced its stake in Bank of America by 5.2% in the fourth quarter, selling 24,593 shares and leaving it with 443,875 shares valued at about $24.4 million.
• Several other institutional investors also adjusted their BAC holdings, while 70.71% of the stock is still owned by hedge funds and other institutions, showing continued heavy institutional backing.
• Bank of America recently reported better-than-expected quarterly results, with EPS of $1.11 versus $1.00 expected and revenue of $30.27 billion, while analysts remain broadly bullish with a consensus rating of Moderate Buy and a target price of $61.06.

Generali Asset Management SPA SGR cut its stake in Bank of America Corporation (NYSE:BAC) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 443,875 shares of the financial services provider's stock after selling 24,593 shares during the quarter. Generali Asset Management SPA SGR's holdings in Bank of America were worth $24,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. DecisionMap Wealth Management LLC grew its position in Bank of America by 4.7% during the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider's stock worth $223,000 after buying an additional 182 shares in the last quarter. Holistic Financial Partners grew its position in Bank of America by 2.4% during the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider's stock worth $434,000 after buying an additional 183 shares in the last quarter. Riverview Capital Advisers LLC grew its position in Bank of America by 4.2% during the third quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider's stock worth $242,000 after buying an additional 188 shares in the last quarter. Shepherd Financial Partners LLC grew its position in Bank of America by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider's stock worth $3,110,000 after buying an additional 189 shares in the last quarter. Finally, William B. Walkup & Associates Inc. grew its position in Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider's stock worth $723,000 after buying an additional 192 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

More Bank of America News

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

• Positive Sentiment: BofA received an analyst boost when UBS raised its price target on BAC, signaling upside from the Street and supporting investor confidence. UBS Raises PT
• Positive Sentiment: Bank of America is expanding its role in defense financing and supporting domestic drone/robotics production via its GovCon unit — this can drive new lending and advisory fees as federal defense demand grows. Defense Financing
• Positive Sentiment: Acted as lead lender on a $1.8 billion refinance for 9 West 57th Street — a sizable commercial real-estate financing that generates loan revenue and reinforces BofA’s commercial banking pipeline. 9 West 57th Refinance
• Neutral Sentiment: Shareholder votes at the 2026 annual meeting kept leadership and governance largely unchanged — reduces near-term corporate governance uncertainty but is unlikely to move the stock materially. Shareholder Vote
• Neutral Sentiment: BofA-hosted conferences and client events (e.g., Industrials conference participation by clients, Breakthrough Technology Dialogue) underline franchise strength and deal flow but are informational rather than immediate stock drivers. Conference Participation
• Negative Sentiment: Insider selling: Geoffrey S. Greener sold ~126,756 shares (~$6.7M) in early May, trimming his stake — such high‑profile insider sales can sap sentiment even if not tied to company fundamentals. Insider Sale
• Negative Sentiment: Related-party selling pressure: reports indicate Berkshire Hathaway’s successor Greg Abel continued to trim BAC for a seventh consecutive quarter — fueling narrative of reduced long‑term buying from a major holder. Greg Abel Sells

Wall Street Analyst Weigh In

BAC has been the subject of several recent analyst reports. Jefferies Financial Group boosted their target price on Bank of America from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Evercore lifted their price target on Bank of America from $55.00 to $61.00 and gave the stock an "outperform" rating in a research note on Thursday, April 16th. HSBC lifted their price target on Bank of America from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. Oppenheimer boosted their target price on Bank of America from $58.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group boosted their target price on Bank of America from $58.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Bank of America Trading Down 1.7%

NYSE BAC opened at $52.71 on Friday. Bank of America Corporation has a 1-year low of $41.25 and a 1-year high of $57.55. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $50.44 and a 200-day moving average of $52.51. The firm has a market cap of $374.04 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.11. The company had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.Bank of America's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, sell-side analysts forecast that Bank of America Corporation will post 4.46 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Bank of America's dividend payout ratio is presently 27.72%.

Insiders Place Their Bets

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 227,973 shares of the company's stock, valued at $11,357,614.86. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James P. Demare sold 83,832 shares of the company'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 transaction, the insider directly owned 307,240 shares of the company's stock, valued at $15,362,000. The trade was a 21.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 354,588 shares of company stock worth $17,814,296. 0.27% of the stock is currently owned by company insiders.

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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