Cane Capital Partners LLC Takes $3.11 Million Position in Bank of America Corporation $BAC

Cane Capital Partners LLC acquired a new stake in shares of Bank of America Corporation (NYSE:BAC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 56,567 shares of the financial services provider’s stock, valued at approximately $3,111,000. Bank of America accounts for about 1.2% of Cane Capital Partners LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds have also recently made changes to their positions in BAC. Permanent Capital Management LP bought a new stake in Bank of America during the third quarter valued at approximately $649,000. Meridian Wealth Management LLC grew its position in Bank of America by 54.6% during the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 20,591 shares during the period. Lockheed Martin Investment Management Co. grew its position in Bank of America by 15.9% during the third quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after buying an additional 86,290 shares during the period. World Equity Group Inc. grew its position in Bank of America by 21.8% during the third quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock valued at $3,779,000 after buying an additional 13,119 shares during the period. Finally, AdvisorShares Investments LLC bought a new stake in Bank of America during the third quarter valued at approximately $482,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Bernard A. Mensah sold 94,000 shares of the business’s 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 transaction, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction 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 directly owned 227,973 shares in the company, valued at $11,357,614.86. This trade represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 over the last three months. 0.27% of the stock is currently owned by company insiders.

More Bank of America News

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

• Positive Sentiment: Evercore ISI reaffirmed a Buy stance on BAC, providing direct dealer support for the stock and helping investor confidence. Evercore ISI Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: Goldman Sachs raised its price target to $58 (maintained Buy), a constructive signal that may attract buyers given BAC’s valuation and dividend/buyback story. Goldman raises BAC PT to $58
• Positive Sentiment: Strategic/operational recognition: BofA was named the No.1 global OCIO provider for nonprofits in 2025, highlighting fee-business strength and long-term client relationships that support non‑interest revenue. BofA Named No.1 Nonprofit OCIO Provider Globally in 2025
• Neutral Sentiment: Preview/earnings context: Analysts and commentaries flag the upcoming Q1 report as pivotal for 2026 guidance — the market is focused more on earnings stability than upside reacceleration. This keeps volatility possible but doesn’t decisively change the medium-term thesis. Bank of America Earnings: A Pivotal Report For 2026 Expectations
• Neutral Sentiment: Sector/context: BofA analysts expect US banks to deliver broadly in‑line to slightly better Q1 results; sector tailwinds from NII remain but are increasingly questioned. This supports the name relative to peers but keeps results event-driven. US banks set to deliver solid first quarter results
• Neutral Sentiment: Relative positioning: comparison pieces (e.g., BAC vs PNC) and long‑term bull commentary keep BAC in investors’ focus as a scale-driven bank, but these are background factors rather than immediate catalysts. BAC vs. PNC: Which Wins When Picking Between Scale & Stability?
• Negative Sentiment: Several firms trimmed price targets (JPMorgan to $57.50, Daiwa to $58, Evercore Inc. to $55, Autonomous to $54). While many maintained buy/overweight stances, the downward PT revisions cap near‑term upside and signal caution from analysts. JPMorgan lowers BAC PT Daiwa lowers BAC PT
• Negative Sentiment: Macro/earnings risk: commentary notes that much downside may already be priced in, but the fading rate tailwind and sensitivity of NII to Fed moves remain a tangible downside risk heading into Q1. Bank Of America: Heading Into Q1 With More Priced In Than Left To Price Rate tailwind fading

Bank of America Stock Performance

BAC opened at $50.26 on Wednesday. The firm has a market cap of $359.15 billion, a P/E ratio of 13.12, a PEG ratio of 1.20 and a beta of 1.23. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The company has a 50 day simple moving average of $50.61 and a two-hundred day simple moving average of $52.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

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 for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion during 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 revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Equities analysts forecast 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 was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio is presently 29.24%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of 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. Wells Fargo & Company boosted their target price 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. Piper Sandler boosted their target price on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Jefferies Financial Group assumed coverage on shares of Bank of America in a research report on Thursday, March 26th. They set a “buy” rating and a $60.00 target price for the company. Finally, HSBC upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Wednesday, April 1st. Twenty-three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.90.

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.