Natixis Advisors LLC Raises Position in Bank of America Corporation $BAC

Key Points

• Natixis Advisors LLC increased its stake in Bank of America by 8.2% in Q3 to 6,959,083 shares (about $359 million), making BAC its 27th-largest holding and roughly 0.5% of Natixis's portfolio.
• Analyst sentiment is broadly positive with 22 Buy and 4 Hold ratings and a consensus price target of $60.30, while several firms (e.g., Oppenheimer, Argus) recently adjusted their targets upward.
• Bank of America beat quarterly EPS estimates ($0.98 vs. $0.96), announced a quarterly dividend of $0.28 per share (2.3% yield, ex-dividend Mar 6), and insiders disclosed recent sales totaling about $6.7 million.

Natixis Advisors LLC lifted its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 8.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,959,083 shares of the financial services provider's stock after purchasing an additional 525,461 shares during the quarter. Bank of America comprises about 0.5% of Natixis Advisors LLC's portfolio, making the stock its 27th biggest position. Natixis Advisors LLC owned approximately 0.10% of Bank of America worth $359,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAC. Steph & Co. boosted its holdings in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider's stock worth $28,000 after acquiring an additional 379 shares in the last quarter. Marquette Asset Management LLC acquired a new position in shares of Bank of America during the third quarter valued at about $30,000. Collier Financial purchased a new position in shares of Bank of America in the 3rd quarter valued at approximately $30,000. Mountain Hill Investment Partners Corp. acquired a new stake in Bank of America in the 3rd quarter worth approximately $31,000. Finally, Wealth Preservation Advisors LLC boosted its stake in Bank of America by 48.7% in the 2nd quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider's stock worth $32,000 after purchasing an additional 223 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 research analysts have issued reports on BAC shares. Argus upped their price target on shares of Bank of America from $58.00 to $59.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Truist Financial dropped their price objective on shares of Bank of America from $62.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 15th. Evercore set a $59.00 target price on Bank of America in a research report on Thursday, January 15th. Wall Street Zen upgraded Bank of America from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, Oppenheimer lifted their price target on Bank of America from $55.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, December 18th. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of America has an average rating of "Moderate Buy" and a consensus price target of $60.30.

Bank of America Trading Down 2.3%

NYSE BAC opened at $48.68 on Friday. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $349.36 billion, a PE ratio of 12.71, a P/E/G ratio of 1.19 and a beta of 1.28. The company has a fifty day moving average of $53.27 and a 200 day moving average of $52.52.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. Research analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current 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 issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America's dividend payout ratio (DPR) is 29.24%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Analyst buy thesis: BAC is described as “slipping back into the buy zone” — trading at ~12.5x trailing earnings (below its 10-year average) with a multiyear tailwind from net interest margin expansion as low‑yielding assets reprice, supporting operating leverage and returns. Bank Of America: Slipping Back Into The 'Buy' Zone
• Positive Sentiment: Dividend & income angle: Coverage argues BAC remains attractive for dividend-seeking portfolios — an important point for income investors given the bank’s payout and current yield profile. Bank of America (BAC) Could Be a Great Choice
• Positive Sentiment: Wealth-management product expansion: Bank of America Private Bank launched an Art Consulting service — a niche revenue/relationship initiative that modestly diversifies fee income and deepens HNW client ties. Bank Of America Art Consulting Adds Dimension To Wealth And Valuation Story
• Neutral Sentiment: Underwriting / investment-banking activity: BofA Securities is lead in SM Energy’s $1bn senior notes offering — a reminder of recurring fee revenue from capital markets, but not large enough alone to swing BAC’s stock. Vinson & Elkins Advises Initial Purchasers on SM Energy’s $1 Billion Senior Notes Offering
• Neutral Sentiment: Shareholder / holdings disclosure: Galapagos filed transparency notices showing Bank of America entities crossed a reporting threshold — operational detail about holdings rather than a direct signal about BAC’s performance. Galapagos Receives Transparency Notifications from Bank of America
• Negative Sentiment: Geopolitical / market risk: BofA strategists warn that a prolonged U.S.–Iran war could push investors out of Europe and Japan into oil and the dollar — a macro shock that raises volatility and can hurt banks via risk‑off flows, trading losses, or credit stress. BofA’s Hartnett Sees European, Japanese Stocks at Risk From War
• Negative Sentiment: Market sentiment cooling: Coverage noting that recent BAC share momentum has cooled and valuation dynamics are being reassessed — this sort of reassessment can trigger short‑term selling even if fundamentals remain intact. Assessing Bank Of America (BAC) Valuation As Recent Share Momentum Cools
• Negative Sentiment: Sector rotation commentary: Bank of America research and market pieces (and consequent media coverage) around selling oil stocks and shifting sector preferences signal rotation and positioning changes that can temporarily depress financial shares amid heightened commodity and FX volatility. Bank of America (BAC) Is Telling Investors to Sell Oil Stocks as Crude Prices Soar. Here’s Why

Insider Activity at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the business'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 value of $2,491,000.00. Following the completion of the transaction, 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James P. Demare sold 83,832 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the sale, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by company insiders.

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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