Silvant Capital Management LLC Decreases Position in Bank of America Corporation $BAC

Key Points

• Silvant Capital Management cut its Bank of America stake by 16.4% in Q3 to 85,001 shares (~$4.39M), while other large institutions reshuffled—Capital World Investors raised its holding to 144.37M shares (~$7.45B) and Norges Bank opened a new ~$5.09B position, leaving institutions with about 70.7% ownership of BAC.
• Bank of America beat quarterly EPS estimates ($0.98 vs. $0.96) and declared a quarterly dividend of $0.28 (2.4% yield), but the company faces notable insider selling (~227,832 shares worth ~$11.1M) and a reputational/legal overhang from an agreed settlement related to Epstein-linked transactions.

Silvant Capital Management LLC lowered its position in Bank of America Corporation (NYSE:BAC - Free Report) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,001 shares of the financial services provider's stock after selling 16,659 shares during the quarter. Silvant Capital Management LLC's holdings in Bank of America were worth $4,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors grew its stake in Bank of America by 11.0% in the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock valued at $7,448,816,000 after acquiring an additional 14,275,810 shares during the last quarter. Norges Bank acquired a new position in Bank of America during the second quarter worth about $5,091,641,000. Fisher Asset Management LLC lifted its holdings 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 lifted its holdings 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. Finally, 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 during the last quarter. Institutional investors and hedge funds own 70.71% of the company's stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Management highlighted strategic priorities and a constructive outlook at the RBC conference, reinforcing investor confidence in execution and the bank’s long-term positioning. Bank of America Presents at RBC Conference
• Positive Sentiment: Market commentary is treating BAC as a deep-value, income-biased opportunity (low forward P/E and dividend yield noted), which can attract value-oriented buyers into the stock amid the broader selloff. 5 Oversold Large-Cap Stocks (includes BAC)
• Positive Sentiment: Product innovation: BofA’s rollout with Zelle to speed charitable DAF disbursements is a small but positive operational development that can deepen customer engagement and reduce friction. Bank Of America Uses Zelle To Speed Charitable Giving
• Neutral Sentiment: BofA research is raising energy-price forecasts after Strait of Hormuz disruptions (Brent to ~$77.50 in 2026), which lifts BofA’s energy coverage and could boost trading/IB flows but has an indirect effect on BAC’s stock. Oil shock lifts BofA outlook on US energy
• Neutral Sentiment: Regulatory/ownership disclosures show BAC adjusting stakes in several European names (Galapagos, Umicore, TCM Group), which are routine transparency filings with limited direct impact on BAC’s fundamentals. Galapagos: BAC stake drop disclosure Umicore transparency notifications
• Negative Sentiment: Legal overhang: Bank of America agreed to settle a lawsuit brought by women alleging the bank ignored suspicious Epstein-related transactions—this is reputationally negative and could have financial/settlement cost implications. Bank of America Agrees to Settle Lawsuit Over Jeffrey Epstein Ties
• Negative Sentiment: Insider selling: BAC’s International President Bernard Mensah disclosed the sale of roughly $4.4M of stock, a signal some investors view as a caution (timing and reasons vary). Insider sale disclosure

Bank of America Stock Up 0.4%

Shares of NYSE BAC opened at $47.27 on Wednesday. The stock has a market capitalization of $339.23 billion, a PE ratio of 12.34, a P/E/G ratio of 1.15 and a beta of 1.28. 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 firm has a fifty day moving average of $52.13 and a 200-day moving average of $52.43. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55.

Bank of America (NYSE:BAC - Get Free Report) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating 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 firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $27.73 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The firm 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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America's dividend payout ratio is 29.24%.

Insider Buying and Selling

In related news, insider James P. Demare sold 83,832 shares of the firm'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 owned 307,240 shares in the company, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BAC has been the topic of a number of recent research reports. Daiwa Securities Group reduced their target price on Bank of America from $66.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Barclays raised their price target 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. Truist Financial cut their target price on shares of Bank of America from $62.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, January 15th. CICC Research initiated coverage on shares of Bank of America in a research note on Wednesday, January 14th. They issued an "outperform" rating and a $62.00 target price for the company. Finally, TD Cowen reduced their price target on Bank of America from $66.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, January 15th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.30.

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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