4,226,213 Shares in Bank of America Corporation $BAC Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Bank of America Corporation (NYSE:BAC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,226,213 shares of the financial services provider’s stock, valued at approximately $218,030,000. Bank of America accounts for about 3.4% of Danica Pension Livsforsikringsaktieselskab’s portfolio, making the stock its 7th biggest holding. Danica Pension Livsforsikringsaktieselskab owned about 0.06% of Bank of America at the end of the most recent reporting period.

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

Insider Activity 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. In the last three months, insiders have sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BAC has been the subject of several analyst reports. Erste Group Bank cut Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. HSBC upped their price objective on Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. The Goldman Sachs Group lifted their target price on shares of Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday, January 26th. TD Cowen decreased their target price on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, Argus increased their price target on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Management highlighted strategic priorities and a constructive outlook at the RBC conference, reinforcing investor confidence in execution and the bank’s long-term positioning. Bank of America Presents at RBC Conference
• Positive Sentiment: Market commentary is treating BAC as a deep-value, income-biased opportunity (low forward P/E and dividend yield noted), which can attract value-oriented buyers into the stock amid the broader selloff. 5 Oversold Large-Cap Stocks (includes BAC)
• Positive Sentiment: Product innovation: BofA’s rollout with Zelle to speed charitable DAF disbursements is a small but positive operational development that can deepen customer engagement and reduce friction. Bank Of America Uses Zelle To Speed Charitable Giving
• Neutral Sentiment: BofA research is raising energy-price forecasts after Strait of Hormuz disruptions (Brent to ~$77.50 in 2026), which lifts BofA’s energy coverage and could boost trading/IB flows but has an indirect effect on BAC’s stock. Oil shock lifts BofA outlook on US energy
• Neutral Sentiment: Regulatory/ownership disclosures show BAC adjusting stakes in several European names (Galapagos, Umicore, TCM Group), which are routine transparency filings with limited direct impact on BAC’s fundamentals. Galapagos: BAC stake drop disclosure Umicore transparency notifications
• Negative Sentiment: Legal overhang: Bank of America agreed to settle a lawsuit brought by women alleging the bank ignored suspicious Epstein-related transactions—this is reputationally negative and could have financial/settlement cost implications. Bank of America Agrees to Settle Lawsuit Over Jeffrey Epstein Ties
• Negative Sentiment: Insider selling: BAC’s International President Bernard Mensah disclosed the sale of roughly $4.4M of stock, a signal some investors view as a caution (timing and reasons vary). Insider sale disclosure

Bank of America Trading Up 0.4%

Shares of BAC stock opened at $47.27 on Wednesday. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The company has a market cap of $339.23 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.15 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $52.13 and a 200-day simple moving average of $52.43.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. On average, equities research analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The business 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 dividend yield of 2.4%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio is 29.24%.

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.