E. Ohman J or Asset Management AB Sells 56,161 Shares of Bank of America Corporation $BAC

E. Ohman J or Asset Management AB trimmed its holdings in shares of Bank of America Corporation (NYSE:BAC) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,388 shares of the financial services provider’s stock after selling 56,161 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Bank of America were worth $13,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after purchasing an additional 25,143 shares during the last quarter. Sivia Capital Partners LLC raised its position in Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 6,174 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Bank of America by 13.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 128,889 shares of the financial services provider’s stock worth $6,099,000 after purchasing an additional 15,249 shares during the last quarter. Intellus Advisors LLC acquired a new position in Bank of America during the 2nd quarter worth about $208,000. Finally, Summit Global Investments grew its position in shares of Bank of America by 198.7% in the 2nd quarter. Summit Global Investments now owns 42,258 shares of the financial services provider’s stock valued at $2,000,000 after buying an additional 28,110 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

More Bank of America News

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

Insider Activity at Bank of America

In other Bank of America news, insider James P. Demare sold 83,832 shares of the firm’s 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 owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 227,832 shares of company stock valued at $11,094,960 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Bank of America Stock Up 0.7%

Bank of America stock opened at $47.50 on Tuesday. The company has a market capitalization of $340.92 billion, a PE ratio of 12.40, a PEG ratio of 1.15 and a beta of 1.28. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The firm’s fifty day moving average is $51.44 and its 200 day moving average is $52.34. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same period last year, the company posted $0.82 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company 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 $0.28 dividend. 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 payout ratio is presently 29.24%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen decreased their price target on 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. CICC Research started coverage on Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Oppenheimer boosted their price target on shares of Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, Daiwa Securities Group reduced their price objective on shares of 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. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.87.

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.