Bollard Group LLC Sells 31,162 Shares of Bank of America Corporation $BAC

Posted by Brenda Bartman on Jun 14th, 2026

Bollard Group LLC trimmed its stake in Bank of America Corporation (NYSE:BAC) by 15.2% in the 4th quarter, HoldingsChannel reports. The fund owned 173,280 shares of the financial services provider’s stock after selling 31,162 shares during the quarter. Bollard Group LLC’s holdings in Bank of America were worth $9,530,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Bornite Capital Management LP bought a new position in shares of Bank of America in the 4th quarter worth $27,500,000. Bristlecone Value Partners LLC bought a new position in shares of Bank of America in the 4th quarter worth $1,895,000. Ally Financial Inc. bought a new position in shares of Bank of America in the 4th quarter worth $2,750,000. CreativeOne Wealth LLC raised its position in shares of Bank of America by 2.9% in the 4th quarter. CreativeOne Wealth LLC now owns 85,464 shares of the financial services provider’s stock worth $4,701,000 after acquiring an additional 2,426 shares in the last quarter. Finally, Burton Enright Welch bought a new position in shares of Bank of America in the 4th quarter worth $3,156,000. 70.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Bank of America Trading Up 1.5%

NYSE BAC opened at $55.96 on Friday. The company has a fifty day simple moving average of $52.29 and a two-hundred day simple moving average of $52.41. The stock has a market cap of $397.15 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.95 and a beta of 1.18. Bank of America Corporation has a 12-month low of $43.66 and a 12-month high of $57.55. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.11. The business had revenue of $30.27 billion for the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. On average, analysts forecast that Bank of America Corporation will post 4.45 earnings per share for the current year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, June 5th. Bank of America’s payout ratio is presently 27.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley dropped their target price on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. UBS Group upped their target price on Bank of America from $62.00 to $63.00 in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Friday, April 24th. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Autonomous Res reduced their target price on Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Get Our Latest Research Report on BAC

Bank of America News Roundup

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

Positive Sentiment: Analysts and commentary highlighted BAC’s strong Q1 results, robust deposit base, and improving revenue prospects in markets and wealth management, supporting the case for continued momentum. Bank Of America (BAC) Stock Valuation After Strong Q1 Results And Upgraded Markets Revenue Outlook
Positive Sentiment: Bank of America announced regular preferred-stock dividend declarations, reinforcing its capital-return profile and signaling balance-sheet stability. Bank of America Declares Preferred Stock Dividends Payable in July and August 2026
Positive Sentiment: One report noted that Erste Group raised its FY2027 EPS estimate for BAC, suggesting some analysts see earnings power improving over time. Bank of America Corporation
Neutral Sentiment: BofA’s own market commentary warned investors that optimism is elevated and that an AI-driven bubble may be vulnerable, but these views are more about the broader market than BAC’s fundamentals. Bank of America Sends a Stark Warning on the S&P 500
Negative Sentiment: A DOJ subpoena report tied BAC to a sweeping bank industry probe into customer account closures, which could create legal, regulatory, and reputational overhang. JPMorgan, Bank of America receive subpoena from DOJ
Negative Sentiment: Another article argued BAC has been going sideways and lagging the S&P 500 over the past six months, which may temper enthusiasm despite recent gains. 3 Reasons to Sell BAC and 1 Stock to Buy Instead

Bank of America Company Profile

(Free Report)

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.