BDF Gestion Trims Stake in Bank of America Corporation $BAC

BDF Gestion cut its stake in shares of Bank of America Corporation (NYSE:BAC) by 23.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 143,046 shares of the financial services provider’s stock after selling 44,532 shares during the quarter. Bank of America accounts for about 1.0% of BDF Gestion’s holdings, making the stock its 16th largest position. BDF Gestion’s holdings in Bank of America were worth $7,868,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Wiser Advisor Group LLC bought a new position in shares of Bank of America in the third quarter worth about $27,000. Steph & Co. grew its stake in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the period. Marquette Asset Management LLC bought a new position in shares of Bank of America during the 3rd quarter valued at approximately $30,000. Collier Financial purchased a new stake in Bank of America in the 3rd quarter worth approximately $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Bank of America during the 3rd quarter worth approximately $31,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target 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. Wells Fargo & Company raised their price objective on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. CICC Research initiated coverage on shares of Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 target price on the stock. Piper Sandler upped their target price on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Bank of America has an average rating of “Moderate Buy” and an average target price of $59.87.

Trending Headlines about Bank of America

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

• Positive Sentiment: Recent fundamentals: BAC reported an EPS beat in its latest quarter and showed revenue growth year-over-year, supporting investor confidence in earnings power and dividend coverage (recent earnings release/summary).
• Positive Sentiment: Dividend appeal: Coverage noting BAC as a top dividend stock is drawing income-focused buyers who value the bank’s yield and payout sustainability. Bank of America (BAC) is a Top Dividend Stock Right Now: Should You Buy?
• Positive Sentiment: Community/ESG outreach: Launch of a nationwide “Soccer at Schools” initiative with U.S. Soccer positions BAC well on community engagement and ESG narratives that can support long-term brand value. U.S. Soccer, Soccer Forward Foundation and Bank of America Launch ‘Soccer at Schools’
• Neutral Sentiment: Regulatory filing: BAC filed its 2025 Form 10‑K with the UK National Storage Mechanism — a standard compliance disclosure that keeps filings up to date but is not expected to move the stock materially. Bank of America Files 2025 Form 10-K
• Neutral Sentiment: Brand narrative: CEO Brian Moynihan’s letter on Bank of America’s historical role (250th anniversary context) is positive PR but unlikely to drive near-term share moves. Bank of America’s legacy of building the American dream
• Neutral Sentiment: BofA research flow: The bank’s investment research is active (notes on Apple’s planned foldable iPhone and ASML coverage). This highlights trading/research revenue potential but affects BAC indirectly. Apple preparing first foldable iPhone for 2026 launch ASML stock surges as analysts reaffirm AI chip momentum
• Negative Sentiment: Analyst target cut: Goldman Sachs lowered its price target on BAC from $67 to $57 while keeping a Buy rating — the cut trims upside expectations and can put downward pressure on the stock despite the Buy call. Goldman Sachs lowers BAC price target
• Negative Sentiment: Sector credit watch: Citigroup reported stable delinquencies but rising net charge-offs in credit cards, signaling potential credit-cost pressure across big banks if consumer stress broadens — a risk investors watch closely for BAC’s loan-loss outlook. Citigroup’s Card Delinquencies Stable, Charge-Offs Rise

Bank of America Price Performance

Shares of NYSE:BAC opened at $47.50 on Tuesday. The firm has a market cap of $340.92 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.15 and a beta of 1.28. The firm has a fifty day moving average price of $51.44 and a 200 day moving average price of $52.34. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 16.23% and a return on equity of 11.07%. Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid 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 dividend payout ratio is presently 29.24%.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the firm’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 transaction of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares in the company, valued at $11,357,614.86. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James P. Demare sold 83,832 shares of Bank of America 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 directly owned 307,240 shares in the company, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 227,832 shares of company stock worth $11,094,960 in the last quarter. 0.30% of the stock is owned by corporate insiders.

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.