Lighthouse Investment Partners LLC Trims Stock Holdings in Bank of America Corporation $BAC

Lighthouse Investment Partners LLC lessened its position in shares of Bank of America Corporation (NYSE:BAC) by 62.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,060 shares of the financial services provider’s stock after selling 192,955 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Bank of America were worth $5,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after buying an additional 25,143 shares during the last quarter. Sivia Capital Partners LLC raised its position in Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 6,174 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Bank of America by 4.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 52,061 shares of the financial services provider’s stock valued at $2,464,000 after acquiring an additional 2,118 shares during the period. Kingsview Wealth Management LLC lifted its stake in Bank of America by 2.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 118,761 shares of the financial services provider’s stock valued at $5,620,000 after acquiring an additional 2,701 shares during the period. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Bank of America by 15.9% in the 2nd quarter. Tortoise Investment Management LLC now owns 2,876 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 395 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of America

In other news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction that occurred 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 in the company, 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 SEC, which is available through this link. Also, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the sale, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 227,832 shares of company stock valued at $11,094,960 over the last quarter. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BAC. Keefe, Bruyette & Woods reduced their target price on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Argus upped their price target on shares of Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, January 15th. CICC Research began coverage on Bank of America in a research report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price target on the stock. Daiwa Securities Group reduced their price objective on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

Bank of America News Roundup

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

• Positive Sentiment: Management update: Bank of America said Q1 net interest income is tracking at least 7% higher year‑over‑year, which supports margin and EPS outlooks that investors watch closely for banks. This operational beat/guide helped justify buying interest. Bank of America Corporation (BAC) Says Q1 Net Interest Income Is Tracking at Least 7% Higher Year Over Year
• Positive Sentiment: Analyst/valuation support: Market commentary highlights BAC as an oversold large‑cap with a Moderate Buy analyst consensus and a ~ $60 price target, framing the stock as a value/income play (forward P/E low, dividend yield). That narrative can attract value‑oriented flows. 5 Oversold Large-Cap Stocks That May Be Worth Buying Soon (BAC)
• Neutral Sentiment: Macro/commodity research from BofA: The bank’s research team lifted its Brent forecast and is flagging elevated war risks (Iran) that are re‑shaping commodity and macro assumptions. This can raise trading volatility and affect sector positioning but is an indirect driver for BAC itself. Hormuz Closure Resets The Math For These 14 Oil Stocks, Analyst Says
• Neutral Sentiment: Regulatory/holding notices: Small disclosure filings show Bank of America adjusted stakes in some European companies (Umicore, TCM Group), which are routine block/portfolio moves and unlikely to drive BAC’s price materially. Umicore – Transparency notifications by Bank of America Corporation
• Negative Sentiment: Legal overhang: The bank agreed to settle a class action brought by Jeffrey Epstein’s victims accusing it of failing to report suspicious transactions. Settlement removes some uncertainty but creates direct reputational and potential cash‑cost implications that investors view as a liability. Bank of America Agrees to Settle Lawsuit Over Jeffrey Epstein Ties, U.S. Court Says
• Negative Sentiment: Insider selling: A key executive (Bernard Mensah) filed a sale of roughly $4.4M in shares. Insider sales can prompt questions about timing/conviction even though they’re often routine; it’s a modest headwind for sentiment. Bank of America’s (BAC) Key Insider Sells $4.4M in Stock. Should Investors Worry?

Bank of America Stock Performance

BAC opened at $47.07 on Tuesday. The firm’s fifty day simple moving average is $52.32 and its two-hundred day simple moving average is $52.46. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The company has a market cap of $337.84 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.14 and a beta of 1.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last released 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. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal 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 paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 6th. Bank of America’s payout ratio is 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.