Bank of America Corporation $BAC Holdings Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in Bank of America Corporation (NYSE:BAC) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,793,477 shares of the financial services provider’s stock after acquiring an additional 21,390 shares during the period. Bank of America makes up about 1.7% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 9th biggest position. Fort Washington Investment Advisors Inc. OH’s holdings in Bank of America were worth $318,641,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Bank of America in the third quarter valued at $27,000. Steph & Co. increased its position in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after buying an additional 379 shares in the last quarter. Collier Financial acquired a new position in shares of Bank of America during the 3rd quarter worth $30,000. Marquette Asset Management LLC purchased a new stake in shares of Bank of America in the 3rd quarter worth about $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Bank of America in the 3rd quarter worth about $31,000. 70.71% of the stock is owned by institutional investors and hedge funds.

More Bank of America News

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

• Positive Sentiment: Launched a Private Capital M&A Group to help private equity firms exit portfolio companies — could drive incremental investment‑banking fee revenue if PE deal flow ramps. Bank Of America Launches Private Capital M&A Unit
• Positive Sentiment: Merrill and Bank of America Private Bank rolled out an AI‑Powered Meeting Journey to automate advisor prep, notetaking and follow-up — could reduce advisor time/costs and help retain/grow advisory AUM and revenue. Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey
• Positive Sentiment: Jefferies initiated coverage with a Buy and $60 price target — a visible analyst vote of confidence that can support buy-side interest and help sentiment if other shops follow. Jefferies Starts Coverage (Benzinga link)
• Neutral Sentiment: BofA research continues to lead calls in AI/infra names (e.g., bullish takes on Nebius/CoreWeave) — highlights the strength of its equities/research business but has only an indirect impact on BAC’s own stock. Nebius (NBIS) Stock Surges on BofA Buy Rating as AI Cloud 3.5 Platform Debuts
• Negative Sentiment: Goldman reduced its price target on BAC from $67 to $57 while maintaining a Buy — the cut removes some upside and can weigh on sentiment in the near term. Goldman Sachs Lowers Bank of America (BAC) Price Target to $57
• Negative Sentiment: Broader financials weakness (XLF weakness, compressed net interest margins and mortgage headwinds) is pressuring BAC alongside the sector — macro/sector trends remain the largest near-term drag.

Insider Activity at Bank of America

In related news, insider Bernard A. Mensah sold 94,000 shares of the company’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 transaction of $4,412,360.00. Following the completion of the transaction, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction that occurred 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 directly owned 307,240 shares in the company, valued at approximately $15,362,000. This represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 227,832 shares of company stock worth $11,094,960. 0.30% of the stock is owned by company insiders.

Bank of America Stock Performance

Bank of America stock opened at $48.21 on Friday. The stock has a fifty day moving average price of $51.15 and a 200 day moving average price of $52.28. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The firm has a market capitalization of $344.49 billion, a P/E ratio of 12.59, a PEG ratio of 1.19 and a beta of 1.28. 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 posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company 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 business earned $0.82 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, March 6th. Bank of America’s payout ratio is presently 29.24%.

Analysts Set New Price Targets

BAC has been the subject of several recent research reports. Jefferies Financial Group began coverage on shares of Bank of America in a report on Thursday. They set a “buy” rating and a $60.00 target price for the company. Oppenheimer upped their price target on shares of Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Piper Sandler raised their price objective 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. Erste Group Bank downgraded Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group reduced their target price on Bank of America from $67.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.88.

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.