CGN Advisors LLC Boosts Stake in Bank of America Corporation $BAC

CGN Advisors LLC grew its position in shares of Bank of America Corporation (NYSE:BAC) by 230.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,932 shares of the financial services provider’s stock after buying an additional 15,285 shares during the quarter. CGN Advisors LLC’s holdings in Bank of America were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wiser Advisor Group LLC purchased a new stake in shares of Bank of America during the third quarter valued at approximately $27,000. Steph & Co. lifted its holdings in Bank of America by 224.3% during 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 during the period. Marquette Asset Management LLC purchased a new position in Bank of America in the third quarter worth $30,000. Collier Financial bought a new position in Bank of America in the 3rd quarter valued at $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Bank of America in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Bank of America News

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

• Positive Sentiment: Fed capital-reset plan could free up lending and boost banks’ growth and profitability — a tailwind for BAC if lower capital buffers translate into more loan activity and higher fee income. Fed’s Capital Reset: Lower Buffers, Increased Lending to Benefit Banks
• Positive Sentiment: Treasury market moves are pricing a higher chance of Fed hikes rather than cuts — higher rates generally support net interest margins for large banks like BAC, which can boost near‑term profitability. Treasuries Extend Slump as Likelihood of Fed Rate Cuts Fades
• Positive Sentiment: BofA’s digitization and AI initiatives are cited as unlocking revenue growth via 30B+ digital interactions, aiding cross‑selling and fee income beyond cost savings — supports the bank’s medium‑term revenue trajectory. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Neutral Sentiment: Bank of America announced its 2026‑27 quarterly reporting schedule — routine corporate timing (low immediate market impact). Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Marketing partnership with Visa (FIFA World Cup sweepstakes) increases consumer engagement but is unlikely to move fundamentals in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Neutral Sentiment: BofA analysts remain active and bullish on technology names (e.g., Nvidia, TSM), which signals institutional research strength but is not a direct driver of BAC’s stock. Bank of America Still Loves Nvidia Stock After GTC 2026. Should You?
• Negative Sentiment: BofA flagged a higher risk of Fed hikes amid oil‑driven inflation and geopolitical risk — such warnings can increase investor caution and weigh on risk assets and lending outlook if growth fears rise. Bank of America Warns of Fed Rate Hike Risk as Crypto Market Faces Pressure
• Negative Sentiment: Analysis noting the Fed kept rates steady while flagging rising inflation suggests a tougher near‑term outlook for bank earnings and credit conditions, which could cap BAC’s near‑term upside. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks

Insiders Place Their Bets

In related news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $4,191,600.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 227,832 shares of company stock worth $11,094,960 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Wells Fargo & Company lifted their price objective on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Evercore set a $59.00 target price on shares of Bank of America in a research note on Thursday, January 15th. The Goldman Sachs Group increased their target price on shares of Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, HSBC lifted their price target on shares of Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and an average target price of $60.30.

Bank of America Price Performance

Shares of NYSE:BAC opened at $47.15 on Friday. The firm has a market capitalization of $338.37 billion, a PE ratio of 12.31, 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 company has a 50-day moving average price of $51.59 and a two-hundred day moving average price of $52.33. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55.

Bank of America (NYSE:BAC) last posted its quarterly 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. The company 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 company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Equities analysts forecast 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. Shareholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. Bank of America’s payout ratio is presently 29.24%.

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.