Bank of America Corporation $BAC Shares Sold by Cardano Risk Management B.V.

Cardano Risk Management B.V. lessened its stake in Bank of America Corporation (NYSE:BAC) by 1.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,627,191 shares of the financial services provider’s stock after selling 26,978 shares during the quarter. Bank of America comprises 1.2% of Cardano Risk Management B.V.’s holdings, making the stock its 25th biggest position. Cardano Risk Management B.V.’s holdings in Bank of America were worth $149,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its stake in shares of Bank of America by 53.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,629,553 shares of the financial services provider’s stock worth $254,625,000 after buying an additional 1,603,080 shares in the last quarter. Legal & General Group Plc boosted its stake in Bank of America by 3.4% during the fourth quarter. Legal & General Group Plc now owns 45,411,913 shares of the financial services provider’s stock valued at $2,497,655,000 after buying an additional 1,487,809 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in Bank of America by 34.3% during the fourth quarter. Mondrian Investment Partners LTD now owns 2,175,401 shares of the financial services provider’s stock valued at $119,647,000 after buying an additional 555,063 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Bank of America by 217.4% during the fourth quarter. International Assets Investment Management LLC now owns 327,949 shares of the financial services provider’s stock worth $18,037,000 after acquiring an additional 224,627 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Bank of America by 9.9% during the fourth quarter. Ritholtz Wealth Management now owns 231,018 shares of the financial services provider’s stock worth $12,706,000 after acquiring an additional 20,819 shares during the period. 70.71% of the stock is currently owned by institutional investors.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America’s dividend increase is highlighted among notable 2026 dividend hikes, reinforcing the bank’s capital-return story and potentially supporting investor demand. These Outperforming Giants Are Boosting Dividends in 2026
• Positive Sentiment: Articles point to faster payment transfers and digital capabilities as potential growth drivers, helping Bank of America compete for consumer and business transactions. Can Faster Transfers Drive Growth?
• Positive Sentiment: Bank of America remains a favored outperforming bank in options commentary, suggesting some traders see additional upside after the stock’s strong run. This Outperforming Bank Stock Has More Room to Run
• Neutral Sentiment: The bank disclosed a 3.08% position in Umicore through voting rights and equivalent financial instruments. The filing reflects Bank of America’s investment or trading activities, but does not materially change its core banking outlook. Umicore Transparency Notification
• Neutral Sentiment: Management’s decision to spend more than $250 million annually on GLP-1 drugs for employees could improve workforce health and productivity, but also raises benefit costs. Bank of America Spends $250 Million Yearly on GLP-1 Drugs
• Negative Sentiment: Investment-banking co-head Mike Joo is leaving for an external opportunity, while technology executive Liu is also reportedly departing for a competitor. Multiple senior exits may raise concerns about leadership continuity and talent retention. Mike Joo to Leave Bank of America
• Negative Sentiment: Bank of America disclosed potential monetary penalties related to deficiencies in its anti-money-laundering program. The size and timing of any settlement remain key uncertainties. Bank of America Flags AML Penalty Risk
• Negative Sentiment: Bank of America strategists say their bullish sentiment gauge is at its most extreme level since 2021 and recommend reducing risk exposure. Although this is not a direct downgrade of BAC, it could limit near-term gains across financial and broader equity markets. BofA Sentiment Gauge Hits Most Extreme Bullish Level Since 2021

Analyst Ratings Changes

BAC has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Bank of America in a research note on Tuesday, July 14th. Citigroup boosted their target price on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods increased their target price on shares of Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, Daiwa Securities Group increased their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Twenty-one research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.08.

Bank of America Trading Up 0.2%

Shares of NYSE BAC opened at $63.15 on Friday. Bank of America Corporation has a 12 month low of $44.98 and a 12 month high of $63.97. The company has a market cap of $441.61 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.01 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $58.64 and a 200-day simple moving average of $53.88.

Bank of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.32 per share. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s payout ratio is currently 25.69%.

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.