Bank of America Corporation $BAC Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Bank of America Corporation (NYSE:BAC) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,905,348 shares of the financial services provider’s stock after purchasing an additional 71,307 shares during the period. Bank of America comprises 2.3% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Nisa Investment Advisors LLC’s holdings in Bank of America were worth $159,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAC. Brighton Jones LLC increased its position in shares of Bank of America by 30.0% during 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 in the last quarter. Sivia Capital Partners LLC raised its stake in Bank of America by 40.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after purchasing an additional 6,174 shares during the last quarter. Smith Moore & CO. lifted its holdings in Bank of America by 10.7% in the 2nd quarter. Smith Moore & CO. now owns 13,338 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 1,293 shares in the last quarter. Claret Asset Management Corp acquired a new stake in Bank of America during the 2nd quarter worth $216,000. Finally, Van Hulzen Asset Management LLC boosted its stake in Bank of America by 38.4% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 12,474 shares of the financial services provider’s stock worth $590,000 after purchasing an additional 3,459 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAC has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Bank of America from $67.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Truist Financial lowered their price target on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Oppenheimer dropped their price objective on shares of Bank of America from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, March 27th. Evercore set a $59.00 price objective on shares of Bank of America in a report on Thursday, January 15th. Finally, Piper Sandler raised their target price on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.67.

Bank of America Trading Up 3.2%

Shares of BAC stock opened at $48.73 on Wednesday. The company’s 50-day moving average price is $50.85 and its 200-day moving average price is $52.25. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $348.17 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.15 and a beta of 1.28. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings data 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. 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 analysts’ expectations of $27.73 billion. During the same period last year, the business earned $0.82 earnings per share. Bank of America’s revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. Bank of America’s dividend payout ratio is 29.24%.

Insider Transactions at Bank of America

In other news, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares of the company’s stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 227,832 shares of company stock worth $11,094,960 in the last 90 days. Insiders own 0.30% of the company’s stock.

Key Bank of America News

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

• Positive Sentiment: Jefferies highlights a multi-year net interest income tailwind — Jefferies projects Bac’s net interest income to grow about 5–7% over the next five years as loan and fixed-asset repricing benefits margins, supporting medium‑term earnings and valuation prospects. Jefferies Touts Bank of America Corporation (BAC) Interest Income Outlook
• Positive Sentiment: New Royal Caribbean co‑brand cards expand consumer franchise — Bank of America will issue Royal ONE and Royal ONE Plus Visa cards, a tri‑branded product across Royal Caribbean’s brands. That should boost card originations, transaction volumes and co‑brand economics (interchange, interest, travel perks) over time. ROYAL CARIBBEAN GROUP ENHANCES TRAVEL LOYALTY, PARTNERS WITH BANK OF AMERICA TO LAUNCH ROYAL ONE™ AND ROYAL ONE PLUS™ CREDIT CARDS
• Positive Sentiment: Analyst support from Jefferies and others lifts sentiment — Jefferies has reiterated BofA as a top bank pick for 2026, reinforcing investor confidence in its rate‑sensitive business model and capital returns. Such analyst backing often drives short‑term inflows. JPMorgan or Bank of America: Jefferies Names the Top Banking Stock to Buy for 2026
• Neutral Sentiment: Price‑target adjustments and broader research activity — Oppenheimer trimmed its BAC price target (still above current levels), and BofA research continues to publish sector calls (Micron, AI names). These are mixed signals: they affect sentiment but not BAC’s fundamentals directly. Oppenheimer Cuts Bank of America (NYSE:BAC) Price Target to $58.00
• Neutral Sentiment: Internal market commentary signals caution for risk assets — A Bank of America technical report warned Q2 could be challenging for equities and bonds; this can temper trading revenue expectations but is a market‑level outlook rather than a bank‑specific surprise. Bank of America has blunt message on stocks and bonds for Q2
• Negative Sentiment: Legal settlement hit — Market chatter reports Bank of America agreed to pay about $72.5M to settle claims tied to Jeffrey Epstein, creating a modest near‑term cash outflow and reputational drag. Market Chatter: Bank of America to Pay $72.5 Million to Settle Epstein Lawsuit
• Negative Sentiment: Security incident probe near a BofA branch — French authorities are investigating a thwarted attack outside a Bank of America location, raising reputational and operational concerns; this is a headline risk rather than a material financial event so far. ‘They use proxies’: France probes possible Iran link to thwarted bomb attack outside of a Bank of America

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.