Net Worth Advisory Group Acquires 11,610 Shares of Bank of America Corporation $BAC

Key Points

• Net Worth Advisory Group boosted its Bank of America stake by 129.3%, buying 11,610 shares in Q4 to hold 20,588 shares valued at about $1.13 million.
• Large institutions own roughly 70.7% of BAC, with several big funds (Norges Bank, UBS AM, Capital World Investors, Arrowstreet) materially increasing positions, and analysts rate the stock a “Moderate Buy” with an average target of $59.67.
• Insiders sold a combined 227,832 shares worth about $11.09 million over the last quarter, leaving insiders with just 0.30% ownership.

Net Worth Advisory Group boosted its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 129.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,588 shares of the financial services provider's stock after buying an additional 11,610 shares during the quarter. Net Worth Advisory Group's holdings in Bank of America were worth $1,132,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in Bank of America during the 2nd quarter valued at $5,091,641,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Bank of America by 640.5% in the 3rd 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 worth $2,399,798,000 after acquiring an additional 40,235,201 shares in the last quarter. Capital World Investors lifted its stake in shares of Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Bank of America by 124.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider's stock worth $833,771,000 after purchasing an additional 9,782,208 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Bank of America during the third quarter valued at about $224,863,000. Institutional investors own 70.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BAC shares. Jefferies Financial Group started coverage on shares of Bank of America in a report on Thursday. They issued a "buy" rating and a $60.00 target price for the company. Oppenheimer decreased their target price on shares of Bank of America from $63.00 to $58.00 and set an "outperform" rating for the company in a research report on Friday. Barclays raised their target price on shares of Bank of America from $59.00 to $71.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. The Goldman Sachs Group cut their price target on shares of Bank of America from $67.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Bank of America from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, January 6th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $59.67.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Jefferies initiated coverage with a "Buy" and $60 price target, adding fresh bullish analyst support and suggesting ~27% upside from current levels. Read
• Positive Sentiment: Bank of America formed a Private Capital M&A group to advise private equity exits — a strategic move that can expand fee pools for the investment bank and help offset pressure in other areas. Article
• Positive Sentiment: Merrill and Bank of America Private Bank rolled out an AI‑Powered Meeting Journey to save advisors time and improve client workflows — a productivity/retention leaver for wealth management revenue. Press Release
• Neutral Sentiment: Corporate/social partnership: Watson Links and Bank of America expanded youth golf access — positive PR but limited near‑term revenue impact. PR
• Neutral Sentiment: Bank of America Securities continues active research coverage and reiterations on other companies (AstraZeneca, Arrowhead, Wave, etc.), highlighting the firm’s research franchise but with limited direct impact on BAC stock. Research Note
• Negative Sentiment: Oppenheimer cut its price target from $63 to $58 (still "Outperform") — the lower target reduces upside expectations and can pressure the stock. Article
• Negative Sentiment: Goldman Sachs lowered its price target to $57 earlier this week — another analyst trim hitting sentiment after recent highs. Article
• Negative Sentiment: Coverage noted Bank of America "balances" costs from an Epstein settlement while advancing AI advisor tools — ongoing legal/settlement headlines can create headline risk and investor caution. Article

Insider Activity at Bank of America

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of Bank of America 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 sale, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares of the company's stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 227,832 shares of company stock worth $11,094,960 over the last quarter. Insiders own 0.30% of the company's stock.

Bank of America Trading Down 2.5%

NYSE:BAC opened at $47.01 on Friday. The company has a market capitalization of $335.93 billion, a P/E ratio of 12.27, a PEG ratio of 1.17 and a beta of 1.28. 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 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 $51.03 and a 200-day simple moving average of $52.26.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm's revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was 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 29.24%.

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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