E. Ohman J or Asset Management AB Has $13.55 Million Stock Position in Bank of America Corporation $BAC

E. Ohman J or Asset Management AB lessened its holdings in Bank of America Corporation (NYSE:BAC) by 18.6% during the fourth quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors raised its stake in shares of Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Norges Bank purchased a new position in shares of Bank of America during the second quarter valued at approximately $5,091,641,000. Fisher Asset Management LLC boosted its position in shares of Bank of America by 2.5% during the third quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock valued at $2,717,657,000 after buying an additional 1,272,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Bank of America by 640.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after buying an additional 40,235,201 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Bank of America by 3.4% during the third quarter. Legal & General Group Plc now owns 43,924,104 shares of the financial services provider’s stock worth $2,266,045,000 after buying an additional 1,458,551 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Daiwa Securities Group dropped their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. 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 report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of America has an average rating of “Moderate Buy” and a consensus target price of $59.87.

Insiders Place Their Bets

In other news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the transaction, the insider owned 307,240 shares of the company’s stock, valued at $15,362,000. This represents a 21.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. The trade was a 17.99% 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 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Bank of America Stock Performance

Shares of BAC stock 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 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 Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The firm’s 50-day simple moving average is $51.44 and its two-hundred day simple moving average is $52.34.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating 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 firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is 29.24%.

Key Stories Impacting 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

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.