Barrow Hanley Mewhinney & Strauss LLC Has $643.81 Million Stake in Bank of America Corporation $BAC

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Bank of America Corporation (NYSE:BAC) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,479,365 shares of the financial services provider’s stock after selling 99,696 shares during the period. Bank of America makes up approximately 2.1% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 9th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 0.17% of Bank of America worth $643,810,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Steph & Co. raised its stake 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 acquiring an additional 379 shares during the period. Collier Financial purchased a new position in shares of Bank of America during the 3rd quarter worth about $30,000. Marquette Asset Management LLC bought a new position in Bank of America during the 3rd quarter valued at about $30,000. Mountain Hill Investment Partners Corp. purchased a new stake in Bank of America in the 3rd quarter worth about $31,000. Finally, Wealth Preservation Advisors LLC raised its position in Bank of America by 48.7% in the 2nd quarter. Wealth Preservation Advisors LLC now owns 681 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 223 shares during the period. 70.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction dated Wednesday, March 4th. The stock was 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 approximately $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

Bank of America Stock Performance

Shares of BAC opened at $48.51 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market cap of $348.15 billion, a PE ratio of 12.67, a P/E/G ratio of 1.17 and a beta of 1.28. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The stock has a fifty day moving average price of $52.99 and a 200-day moving average price of $52.54.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Bank of America’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict 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 declared 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. This represents a $1.12 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BAC shares. Oppenheimer boosted their target price on shares of Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. HSBC raised their price target on shares of Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. TD Cowen lowered their price objective on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Piper Sandler upped their target price 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. Finally, Truist Financial reduced their target price on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Twenty-one 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, Bank of America presently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Bank of America News Summary

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

• Positive Sentiment: Management guidance and revenue drivers: Co‑President Dean Athanasia and other executives said first‑quarter net interest income and investment‑banking fees are expected to rise (NII +7%, IB +10%), and trading revenue looks strong — supporting near‑term revenue outlook. BofA expects rising interest income, investment banking fees in first quarter
• Positive Sentiment: Trading momentum: Company leaders flagged strong trading revenue in Q1, which can lift short‑term earnings and offset pressure from margin compression elsewhere. Bank of America sees strong trading revenue in Q1, co-president says
• Positive Sentiment: Deal pipeline bolstered: BofA has hired four senior tech bankers to boost technology dealmaking — a direct push to capture more M&A and capital‑markets fees in a large tech cycle. That supports future IB revenue growth. Bank of America poaches four top tech bankers to boost tech dealmaking, memos show
• Positive Sentiment: Digital scale and cost leverage: BofA highlighted record digital engagement (30 billion client interactions, Erica up >3.2B interactions, Zelle adoption and record payment approvals), which supports customer retention, fee income and cross‑sell. BofA AI and Digital Innovations Fuel 30 Billion Client Interactions
• Neutral Sentiment: Balance‑sheet moves and strategy: Coverage and commentary note a subtle funding shift (more fixed vs floating) and continued focus on risk posture — relevant to margin and duration risk but not an immediate earnings swing. Bank of America’s Funding Shift From Floating to Fixed: Subtle Clue About BAC’s Risk Strategy?
• Neutral Sentiment: Stock narrative / valuation focus: Analysts and commentators note BAC is down YTD (~13%) but cite NII targets, branch expansion and a large buyback program as reasons investors debate buying the dip — this frames sentiment but is not immediate news. Bank of America Stock Slides 12.9% YTD: Time to Buy the Dip or Wait?
• Negative Sentiment: Insider selling: Recent filings show insider sales totaling several million dollars, which can weigh on sentiment even if modest relative to market cap. Insider Selling: Bank of America (NYSE:BAC) Insider Sells $4,191,600.00 in Stock

Bank of America 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.