Hardman Johnston Global Advisors LLC Grows Stock Holdings in Bank of America Corporation $BAC

13 Apr 2026, 06:34 by Doug Wharley · The Cerbat Gem

Hardman Johnston Global Advisors LLC increased its position in Bank of America Corporation (NYSE:BAC) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 557,970 shares of the financial services provider’s stock after purchasing an additional 80,182 shares during the quarter. Bank of America accounts for 1.5% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 19th largest position. Hardman Johnston Global Advisors LLC’s holdings in Bank of America were worth $30,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BAC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Bank of America by 640.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock valued at $2,399,798,000 after purchasing an additional 40,235,201 shares during the period. Capital World Investors boosted its stake in shares of Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares during the period. Danske Bank A S purchased a new position in shares of Bank of America in the third quarter valued at $224,863,000. Capitolis Liquid Global Markets LLC boosted its stake in shares of Bank of America by 52.0% in the third quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider’s stock valued at $644,681,000 after purchasing an additional 4,273,472 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Bank of America in the third quarter valued at $218,030,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America News Roundup

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

Positive Sentiment: KBW says largest banks now trade at higher multiples than smaller banks, a relative-valuation tailwind for big-cap lenders like BAC as investors re-rate scale and franchise advantages. Largest banks trade at higher multiples than smaller banks now, says KBW’s Chris McGratty
Positive Sentiment: Several analysts have revised earnings forecasts ahead of BAC’s Q1 report (consensus ~ $1.01/sh), which raises expectations that a modest beat could lift the stock on the print. Bank of America Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Positive Sentiment: An analyst raised FY2026 EPS forecasts for BAC, signaling some upward revision risk to estimates that could support the stock if confirmed by results. FY2026 EPS Forecast for Bank of America Increased by Analyst
Positive Sentiment: BAC is highlighted for OCIO leadership and involvement in potential large AI data-center financing (Oracle project), which points to meaningful investment-banking/credit revenue opportunities. Bank Of America’s OCIO Leadership And AI Financing Set Against Valuation
Neutral Sentiment: BofA research upgraded its semiconductor view and flagged AI “picks-and-shovels” (Cadence, Synopsys) — a sign of research strength that indirectly supports fee businesses but doesn’t move BAC’s core banking metrics. Bank of America Wants You to Buy the Dip in These 2 Picks-and-Shovels AI Stocks
Neutral Sentiment: BofA reiterates a view that the Fed is likely to cut rates this year — a macro forecast that has mixed implications for bank net interest margins and stock multiple direction. BofA explains why Fed is likely to deliver rate cuts this year
Negative Sentiment: UBS trimmed its BAC price target to $62, signaling reduced upside from that shop and contributing to downward pressure on the stock. UBS Group Cuts Bank of America (NYSE:BAC) Price Target to $62.00
Negative Sentiment: JPMorgan also lowered its BAC price target to $57.50, adding to analyst-driven headwinds into the earnings print. JPMorgan Chase & Co. Lowers Bank of America (NYSE:BAC) Price Target to $57.50

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BAC shares. Piper Sandler upped their target price on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Morgan Stanley cut their price target on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. The Goldman Sachs Group upped their price target on shares of Bank of America from $57.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Finally, Barclays upped their price target on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.10.

Read Our Latest Report on BAC

Bank of America Stock Up 0.0%

Shares of NYSE:BAC opened at $52.56 on Monday. The stock has a market capitalization of $375.56 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.23. Bank of America Corporation has a 1-year low of $34.81 and a 1-year high of $57.55. The company’s fifty day moving average is $50.59 and its two-hundred day moving average is $52.20. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

Bank of America (NYSE:BAC – Get Free Report) last issued its earnings results 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 for 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 was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. Equities analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, March 6th. Bank of America’s dividend payout ratio is 29.24%.

Insiders Place Their Bets

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the sale, the insider directly owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James P. Demare sold 83,832 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider directly owned 307,240 shares in the company, valued at $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 227,832 shares of company stock valued at $11,094,960. Company insiders own 0.27% of the company’s stock.

Bank of America 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.

Five stocks we like better than Bank of America

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