Zuckerman Investment Group LLC Boosts Stake in Bank of America Corporation $BAC

Key Points

• Zuckerman Investment Group LLC boosted its stake in Bank of America by 100.7%, adding 15,169 shares to hold 30,229 shares valued at about $1.56 million after Q3.
• Insiders have been net sellers recently — 227,832 shares sold in the last three months for roughly $11.09 million — while institutional investors still own about 70.71% of BAC.
• Wall Street sentiment is broadly constructive: analysts give BAC an average rating of "Moderate Buy" with an average target price near $60.30, though individual price targets and ratings vary.

Zuckerman Investment Group LLC raised its position in Bank of America Corporation (NYSE:BAC - Free Report) by 100.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,229 shares of the financial services provider's stock after purchasing an additional 15,169 shares during the quarter. Zuckerman Investment Group LLC's holdings in Bank of America were worth $1,560,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Riverview Capital Advisers LLC boosted its position in shares of 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 during the period. Shepherd Financial Partners LLC raised its holdings in shares of Bank of America by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider's stock valued at $3,110,000 after buying an additional 189 shares during the period. William B. Walkup & Associates Inc. lifted its stake in Bank of America by 1.4% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider's stock worth $723,000 after acquiring an additional 192 shares in the last quarter. Albion Financial Group UT lifted its stake in Bank of America by 1.6% during the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider's stock worth $672,000 after acquiring an additional 205 shares in the last quarter. Finally, Motive Wealth Advisors boosted its holdings in Bank of America by 3.6% during the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider's stock valued at $305,000 after acquiring an additional 205 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BAC has been the subject of several research reports. Keefe, Bruyette & Woods dropped their target price 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. TD Cowen lowered their price objective on shares of Bank of America from $66.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada lifted their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Friday, December 12th. Barclays upped their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an "overweight" rating in a research note on Monday, January 5th. Finally, Erste Group Bank lowered shares of Bank of America from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 4th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.30.

Insider Activity

In related news, insider James P. Demare sold 83,832 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. This trade represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is currently owned by corporate insiders.

Bank of America Stock Performance

Shares of BAC opened at $46.72 on Friday. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The stock has a market capitalization of $335.32 billion, a PE ratio of 12.20, a PEG ratio of 1.15 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50-day simple moving average of $52.52 and a 200-day simple moving average of $52.45.

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 for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.4%. Bank of America's dividend payout ratio is currently 29.24%.

Key Bank of America News

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

• Positive Sentiment: Wall Street remains broadly constructive on BAC with multiple buy/outperform ratings and a median price target near $62 — a reminder of upside potential if macro conditions stabilize. Bank of America Receives Average Recommendation of "Moderate Buy"
• Positive Sentiment: Brand and community initiatives (e.g., the Bank of America Chicago Marathon) and ongoing product partnerships support franchise value and client engagement over the long term. 2025 Bank of America Chicago Marathon Pumps Record $756 Million into Chicago Economy
• Neutral Sentiment: The Board announced scheduled preferred-stock dividend payments for April/May — routine cash flows for preferred holders that don’t materially change common-share economics. Bank of America Declares Preferred Stock Dividends Payable in April and May 2026
• Neutral Sentiment: New product/partnership news such as the Zelle DAF disbursement capability is strategically positive but unlikely to move the stock near-term; it’s an execution/UX improvement more relevant to retail client metrics. Zelle® and Bank of America Partner to Accelerate Delivery of Charitable Donations to Nonprofits
• Negative Sentiment: Bank of America strategist Michael Hartnett warned that market behavior looks “ominously close” to 2008, citing oil spikes and private-credit concerns — comments that can amplify risk-off flows into banks and hit sentiment across the sector. Stock Market Behavior is ‘Ominously Close’ to 2008, Warns BofA’s Hartnett
• Negative Sentiment: High-profile selling: reports show Berkshire (and Buffett-related filings) trimmed its BAC stake substantially, and headline coverage of Buffett selling roughly half his position has created fresh negative pressure and media attention. Large shareholder exits weigh on short-term sentiment. Warren Buffett Wrapped Up His Illustrious Investing Career by Selling 50% of His Bank of America Stake and Piling Around $1.2 Billion Into This Scorching-Hot Oil Stock
• Negative Sentiment: Sector-wide pressure from renewed rate volatility, heavy Treasury issuance and lingering regulatory/capital buffer concerns has driven a bank selloff; BAC’s sensitivity to net interest income assumptions and recent insider/institutional sales magnify downside when investors rotate out of financials. Bank of America falls as rate volatility and sector-wide risk-off sentiment pressure bank shares

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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