Bank of America Corporation $BAC Position Reduced by Theleme Partners LLP

Theleme Partners LLP trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 38.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,192,660 shares of the financial services provider’s stock after selling 1,394,140 shares during the quarter. Bank of America makes up about 7.2% of Theleme Partners LLP’s portfolio, making the stock its 9th biggest holding. Theleme Partners LLP’s holdings in Bank of America were worth $113,119,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Permanent Capital Management LP acquired a new stake in shares of Bank of America in the third quarter worth approximately $649,000. Meridian Wealth Management LLC lifted its holdings in Bank of America by 54.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock valued at $3,008,000 after purchasing an additional 20,591 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in Bank of America by 15.9% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock valued at $32,482,000 after purchasing an additional 86,290 shares in the last quarter. World Equity Group Inc. boosted its stake in Bank of America by 21.8% during the 3rd quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock worth $3,779,000 after purchasing an additional 13,119 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in shares of Bank of America during the third quarter worth $482,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company upped their price objective on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. TD Cowen decreased their target price on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, Evercore set a $59.00 price target on Bank of America in a research report on Thursday, January 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.30.

Insider Buying and Selling

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction 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 owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: BofA told markets it expects net interest income to rise roughly 7% and investment‑banking fees to climb about 10% in Q1, and flagged low‑double‑digit growth in global markets revenue — a clear near‑term earnings driver. BofA expects rising interest income, investment banking fees in first quarter
• Positive Sentiment: Digital and AI adoption is reaching scale (30 billion client interactions; record payment approvals and strong Zelle growth). That should help revenue mix (payments, wealth, cash management) and long‑run efficiency. BofA AI and Digital Innovations Fuel 30 Billion Client Interactions
• Positive Sentiment: Analysts expect fee income to benefit from solid capital‑markets momentum, supporting non‑interest revenue in Q1. Strong trading/IB activity is one rationale for earnings upside. BAC’s Fee Income to Benefit From Solid Q1 Capital Markets Performance
• Positive Sentiment: Management is reinforcing dealmaking capabilities (recent senior tech bankers hired) to capture tech M&A and advisory flow — positive for future IB pipeline. Bank of America poaches four top tech bankers to boost tech dealmaking, memos show
• Positive Sentiment: Brokerage coverage remains constructive on average (“Moderate Buy”), which can support investor sentiment versus peers. Bank of America Corporation (NYSE:BAC) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Coverage notes the investment story is evolving but many analysts haven’t changed price targets recently, leaving the stock rangebound until new catalyst/updates arrive. Tracking How The Bank Of America (BAC) Investment Story Is Evolving Without A New Price Target
• Neutral Sentiment: Management remarks from recent conference presentations are available for detail on strategy and capital allocation; useful for investors but not a fresh surprise. Bank of America Corporation (BAC) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript
• Negative Sentiment: Shares are off significantly year‑to‑date and some coverage asks whether to “buy the dip,” reflecting investor caution and higher perceived downside risk if macro or rates disappoint. Bank of America Stock Slides 12.9% YTD: Time to Buy the Dip or Wait?
• Negative Sentiment: Some reporters and investors question whether the digital surge and user metrics already justify current valuation or whether investment/operating costs limit near‑term margin improvement. That debate keeps volatility elevated. Bank Of America Digital Surge Sparks Questions On Efficiency And Valuation

Bank of America Trading Down 0.1%

Shares of BAC opened at $48.50 on Thursday. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The firm has a market capitalization of $348.05 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.18 and a beta of 1.28. The firm has a 50-day moving average price of $52.86 and a 200 day moving average price of $52.51. 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 issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. Bank of America’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Sell-side analysts forecast that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

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.