Bank of America Corporation $BAC Shares Sold by Davis Investment Partners LLC

15 Sep 2025, 13:12 by Renee Jackson · The Cerbat Gem

Davis Investment Partners LLC trimmed its holdings in shares of Bank of America Corporation (NYSE:BAC) by 0.4% during the second quarter, Holdings Channel.com reports. The firm owned 76,026 shares of the financial services provider’s stock after selling 304 shares during the quarter. Bank of America accounts for approximately 1.3% of Davis Investment Partners LLC’s portfolio, making the stock its 13th biggest position. Davis Investment Partners LLC’s holdings in Bank of America were worth $3,661,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Bank of America by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 60,417,407 shares of the financial services provider’s stock worth $2,521,218,000 after acquiring an additional 803,570 shares during the period. Deutsche Bank AG boosted its position in Bank of America by 45.1% during the 1st quarter. Deutsche Bank AG now owns 48,112,090 shares of the financial services provider’s stock worth $2,007,718,000 after acquiring an additional 14,960,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Bank of America by 12.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,092,517 shares of the financial services provider’s stock worth $1,981,816,000 after acquiring an additional 5,092,504 shares during the period. Amundi lifted its holdings in shares of Bank of America by 3.7% during the 1st quarter. Amundi now owns 39,233,293 shares of the financial services provider’s stock valued at $1,637,205,000 after buying an additional 1,413,313 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Bank of America by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,956,699 shares of the financial services provider’s stock valued at $1,333,351,000 after acquiring an additional 188,638 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bank of America

In related news, insider James P. Demare sold 148,391 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $45.57, for a total transaction of $6,762,177.87. Following the completion of the sale, the insider owned 223,407 shares of the company’s stock, valued at approximately $10,180,656.99. This represents a 39.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

BAC has been the topic of a number of recent analyst reports. Baird R W lowered Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 27th. The Goldman Sachs Group increased their price target on Bank of America from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Morgan Stanley increased their target price on Bank of America from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, June 23rd. Royal Bank Of Canada set a $53.00 price objective on Bank of America and gave the stock an “outperform” rating in a research note on Monday, June 30th. Finally, Truist Financial raised their price objective on Bank of America from $51.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.39.

Get Our Latest Stock Report on BAC

Bank of America Trading Down 0.3%

Shares of Bank of America stock opened at $50.60 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.14. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $50.96. The business has a 50-day moving average price of $48.13 and a 200-day moving average price of $44.28. The firm has a market cap of $374.79 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.96 and a beta of 1.34.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. Bank of America had a net margin of 14.81% and a return on equity of 10.25%. The business had revenue of ($22,273.00) million for the quarter, compared to analyst estimates of $26.79 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America announced that its Board of Directors has authorized a share buyback program on Wednesday, July 23rd that allows the company to buyback $40.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 11.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Bank of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.28 per share. This is an increase from Bank of America’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 5th. Bank of America’s dividend payout ratio is presently 32.75%.

Bank of America Company Profile

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