Bank of America Corporation $BAC Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its holdings in Bank of America Corporation (NYSE:BAC) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,082,510 shares of the financial services provider’s stock after selling 1,024,597 shares during the quarter. Bank of America comprises about 3.4% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 7th biggest holding. Ontario Teachers Pension Plan Board’s holdings in Bank of America were worth $159,027,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BAC. VeraBank N.A. lifted its position in Bank of America by 2.7% in the 3rd quarter. VeraBank N.A. now owns 11,469 shares of the financial services provider’s stock worth $592,000 after buying an additional 300 shares in the last quarter. Mcrae Capital Management Inc. acquired a new stake in Bank of America during the third quarter valued at $210,000. CFO4Life Group LLC grew its stake in Bank of America by 2.4% in the third quarter. CFO4Life Group LLC now owns 16,425 shares of the financial services provider’s stock valued at $847,000 after purchasing an additional 384 shares in the last quarter. Harold Davidson & Associates Inc. increased its position in Bank of America by 74.7% in the 3rd quarter. Harold Davidson & Associates Inc. now owns 8,932 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 3,819 shares during the last quarter. Finally, MRP Capital Investments LLC purchased a new stake in shares of Bank of America during the 3rd quarter worth about $828,000. 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: BofA announced a new, no‑fee BofA Rewards program that expands eligibility to more than 30 million clients and launches May 27 — a move that can boost card spend, deposits and cross‑sell opportunities across consumer and Merrill relationships. New BofA Rewards Program to Reach Millions More Clients with Expanded Benefits
• Positive Sentiment: Bank of America Private Bank launched an art consulting service for wealthy clients — a niche, fee‑based offering that can deepen relationships, support higher‑margin lending (art as collateral) and grow AUM in the private bank/Merrill channels. Bank of America Launches Art Consulting Service
• Positive Sentiment: Analyst and retail coverage notes BofA’s dividend profile and valuation (coverage such as Zacks) — supporting the narrative that BAC is an income/value play for investors focused on yield and steady earnings. Bank of America (BAC) Could Be a Great Choice
• Neutral Sentiment: BofA research has been prominent in industry commentary on AI — its surveys say fund managers see an AI spending “bubble” and that AI will separate winners and losers among banks; this flags both upside from successful AI deployment and execution risk if BofA or peers misstep. AI Spending Bubble Fear Just Hit An All-Time High, BofA Survey Shows
• Neutral Sentiment: Options/quant pieces are highlighting mean‑reversion trades on BAC — these note the stock’s technical setup more than fundamentals, which can amplify intraday moves but don’t change the long‑term thesis. Bank of America Stock (BAC) Offers Mean-Reversion Options Trade
• Neutral Sentiment: Reports on executive pay rising after earnings growth (CEO compensation coverage) are drawing governance attention but are unlikely to materially change earnings outlook. Bank of America CEO Brian Moynihan sees compensation rise following earnings growth
• Negative Sentiment: Berkshire Hathaway (Warren Buffett) trimmed its Bank of America stake, and coverage reported a sizable reduction of BofA holdings — big shareholder selling can weigh on sentiment and add supply pressure to the stock. Berkshire Pares Stakes in Apple and BofA, Adds New York Times Position Warren Buffett Sold 29% of Bank of America and Bought This Consumer Stock for 4 Consecutive Quarters
• Negative Sentiment: Coverage that BofA dramatically increased a stake in a struggling crypto company (reported as a 1,668% increase) raises questions about risk exposure and could spook some investors focused on conservative capital deployment. Bank of America hikes stake in sinking crypto stock by 1,668%

Bank of America Stock Up 1.2%

BAC opened at $53.39 on Thursday. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The business has a 50 day moving average of $54.37 and a 200-day moving average of $52.17. The stock has a market capitalization of $389.84 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 1.29 and a beta of 1.29. The company has a current ratio of 0.80, a quick 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 earnings per share (EPS) for the quarter, topping 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. As a group, sell-side analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Analyst Ratings Changes

A number of equities analysts recently commented on BAC shares. Daiwa Securities Group dropped their price objective on Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Wells Fargo & Company increased their price target on shares of Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Morgan Stanley reduced their price objective on shares of Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada upped their price objective on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bank of America has an average rating of “Moderate Buy” and an average target price of $60.30.

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.