Brandes Investment Partners LP Has $241.24 Million Stock Position in Bank of America Corporation $BAC

Brandes Investment Partners LP reduced its holdings in Bank of America Corporation (NYSE:BAC) by 12.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,386,202 shares of the financial services provider’s stock after selling 604,823 shares during the quarter. Bank of America makes up about 1.8% of Brandes Investment Partners LP’s portfolio, making the stock its 11th largest holding. Brandes Investment Partners LP’s holdings in Bank of America were worth $241,241,000 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. Legacy Bridge LLC increased its position in Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 330 shares during the period. Wiser Advisor Group LLC acquired a new position in Bank of America in the 3rd quarter valued at approximately $27,000. Joseph Group Capital Management acquired a new position in Bank of America in the 4th quarter valued at approximately $32,000. HFM Investment Advisors LLC increased its position in Bank of America by 566.0% in the 4th quarter. HFM Investment Advisors LLC now owns 626 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 532 shares during the period. Finally, Coston McIsaac & Partners increased its position in Bank of America by 90.2% in the 4th quarter. Coston McIsaac & Partners now owns 662 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 314 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the firm’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 directly owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, the insider directly owned 1,373,397 shares in the company, valued at $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BAC shares. Piper Sandler upped their price target on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Autonomous Res decreased their price target on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. JPMorgan Chase & Co. decreased their price target on shares of Bank of America from $61.50 to $57.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Jefferies Financial Group increased their price objective on shares of Bank of America from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Bank of America from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America said demand is rising for AI-led treasury, FX, trade and payments solutions in Asia Pacific, highlighting stronger client interest in higher-value digital banking services that could support fee growth. Bank of America Highlights Surging Demand for AI-Led Treasury, Fx Solutions in Asia Pacific
• Positive Sentiment: Co-President Jim DeMare said Bank of America’s trading revenue could exceed the firm’s 15% growth outlook for the second quarter, driven by strength in equities trading. Bank of America could exceed 15% market revenue growth in Q2
• Positive Sentiment: Bank of America also unveiled new payment initiatives, including a cross-border real-time payments service and participation in a tokenized deposit network, which reinforce its push into modern digital finance. Bank of America’s Real-Time Payments and Tokenized Deposits Push Could Be A Game Changer For BAC
• Positive Sentiment: The company is also using high-profile brand activity, including FIFA World Cup 2026 fan promotions, to boost visibility and consumer engagement. BofA Kicks Off FIFA World Cup 2026™ With 2 Million Free Fan Bands and Fan Experiences Nationwide
• Neutral Sentiment: Several headlines focused on Bank of America’s market commentary, including warnings about recession risk and “bear market signposts,” which may reflect a cautious macro view but do not directly change BAC’s operating results. BofA warns investors to take profits as 70% of the bank’s bear market signals flash red

Bank of America Trading Up 1.4%

NYSE:BAC opened at $54.36 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $385.75 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.91 and a beta of 1.18. The firm has a fifty day simple moving average of $51.88 and a two-hundred day simple moving average of $52.34. Bank of America Corporation has a 12 month low of $43.66 and a 12 month high of $57.55.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $30.27 billion during the quarter, compared to analysts’ expectations of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. Analysts expect that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, June 5th. Bank of America’s dividend payout ratio (DPR) is presently 27.72%.

Bank of America 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.