Neville Rodie & Shaw Inc. Purchases 62,540 Shares of Bank of America Corporation $BAC

Neville Rodie & Shaw Inc. increased its position in Bank of America Corporation (NYSE:BAC) by 116.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 116,358 shares of the financial services provider’s stock after purchasing an additional 62,540 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Bank of America were worth $6,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Bank of America in the 2nd quarter worth about $5,091,641,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Bank of America by 640.5% in the 3rd 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 acquiring an additional 40,235,201 shares in the last quarter. Capital World Investors lifted its position in Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after acquiring an additional 14,275,810 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Bank of America by 124.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock worth $833,771,000 after acquiring an additional 9,782,208 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Bank of America during the third quarter worth about $224,863,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Insider Buying and Selling

In related news, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction that occurred 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 sale, the insider directly owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is owned by insiders.

Trending Headlines about Bank of America

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

• Positive Sentiment: Digitization and AI initiatives at BAC are highlighted as revenue drivers — management’s push on digital interactions and AI cross‑selling is presented as unlocking fee income and supporting revenue growth beyond cost cuts, a direct positive for margins and investor confidence. Bank of America’s Digitization Initiatives Unlocking Revenue Growth
• Positive Sentiment: Consumer payment promotion with Visa: BofA launched a sweepstakes for Visa cardholders tied to the FIFA World Cup, a marketing push that can boost card activation, spend and interchange revenue in the near term. BofA Teams with Visa to Offer Cardholders a Chance to Win a Trip to the FIFA World Cup 2026™
• Positive Sentiment: Mobile banking competitive position: Third‑party scorecard shows Bank of America tied for best mobile app, which supports customer retention, deposit growth and fee opportunities. Banks Strengthen Mobile Account Opening and Debit Card Controls
• Neutral Sentiment: Quarterly reporting calendar set: BofA announced its 4Q26 and 2027 quarterly reporting dates — useful for investors planning earnings/event timing but not a direct earnings surprise. Bank of America Announces Fourth Quarter 2026 and Quarterly 2027 Financial Reporting Dates
• Neutral Sentiment: Investor outreach: BAC presented at the RBC conference (investor presentation may clarify guidance/strategy but is already priced in unless new disclosures appear). Bank of America Corporation (BAC) Presents at RBC Conference, Here’s What You Need to Know
• Neutral Sentiment: BofA research activity: The firm continues active, bullish research coverage across tech names (e.g., Nvidia, TSM), which underscores BAC’s role as a major trading and underwriting franchise but is indirect for BAC’s own fundamentals. Nvidia Gets Fresh Boost As BofA Stays Bullish
• Negative Sentiment: Macroeconomic/inflation risk: The Fed left rates steady but flagged higher inflation, prompting analyst notes that bank earnings could be pressured near term — this broader macro signal is weighing on BAC and other bank stocks. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Reputational/legal scrutiny: Coverage of an Epstein‑related settlement highlights governance and valuation questions tied to historic relationships and could keep scrutiny on BAC’s disclosures and potential liabilities. Epstein Settlement Puts Bank Of America Valuation And Governance In Focus
• Negative Sentiment: Sector risk from private credit concerns: Analysts flag stress in private credit and alternative asset managers as a reason for bank stock weakness; BAC could be impacted via capital markets and trading revenue volatility. Bank Stocks Are the Canary in the Recession Coal Mine. It’s Not Time to Worry—Yet

Bank of America Price Performance

NYSE BAC opened at $46.99 on Friday. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55. The stock has a 50-day moving average of $51.77 and a 200 day moving average of $52.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $337.20 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.14 and a beta of 1.28.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. On average, sell-side analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given 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 2.4%. Bank of America’s dividend payout ratio is 29.24%.

Analyst Ratings Changes

A number of equities analysts have weighed in on BAC shares. Morgan Stanley decreased their target price 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. Wells Fargo & Company boosted their price target on Bank of America from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Daiwa Securities Group cut their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Argus raised their price objective on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Barclays boosted their target price on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

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.