Bank of America Corporation (BAC) Institutional Ownership Summary

Bank of America Corporation (NYSE:BAC) is now up 23.21% compared to a 12-month low of $22.75. We have seen the price to move 0.39% higher and get settled at $28.03 on 07/06/2018. At recent session, it appeared stuck in a range of $27.63 to $28.15. This company shares are 23.76% off its target price of $34.69 and the current market capitalization stands at $284.71B. The recent change has given its price a -5.53% deficit over SMA 50 and -15.19% deficit over its 52-week high. The stock witnessed -6.69% declines, -5.4% declines and -7.15% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BAC’s volatility during a week at 2.09% and during a month it has been found around 1.86%.

Bank of America Corporation (BAC) Top Holders

Institutional investors currently hold around $196 billion or 69.9% in BAC stock. Look at its top three institutional owners. Berkshire Hathaway Inc owns $19.03 billion in Bank of America Corporation, which represents roughly 6.68% of the company’s market cap and approximately 9.71% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 671,120,942 shares of the stock are valued at $18.81 billion. The third largest holder is Blackrock Inc., which currently holds $18.55 billion worth of this stock and that ownership represents nearly 6.52% of its market capitalization.

Bank of America Corporation 13F Filings

At the end of March reporting period, 959 institutional holders increased their position in Bank of America Corporation (NYSE:BAC) by some 231,093,389 shares, 943 decreased positions by 406,861,731 and 213 held positions by 6,354,615,040. That puts total institutional holdings at 6,992,570,160 shares, according to SEC filings. The stock grabbed 162 new institutional investments totaling 34,868,052 shares while 102 institutional investors sold out their entire positions totaling 61,765,996 shares.

Bank of America Corporation (NYSE:BAC) Insider Trades

Multiple company employees have indulged in significant insider trading. Bank of America Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Bramble Frank P has sold 86,763 shares of Bank of America Corporation (BAC) in trading session dated Aug. 10, 2017. These shares are worth $2,096,194 and were traded at $24.16 each. The SEC filing shows that Woods Thomas D performed a purchase of 25,000 shares. The Director added these shares by way of transaction on Apr. 27, 2017. The company’s shares were assimilated at $23.81 per share worth to an investment of some $595,250 on account of Woods Thomas D.

Director, White Michael D, purchased 25,000 common shares of Bank of America Corporation (BAC) in the open market. In a transaction dated Nov. 21, 2016, the shares were bought at an average price of $20.14, giving away a sum of $503,500. After this purchase, 85,650 common shares of BAC are directly owned by the insider, with total stake valued at $2,400,770.

In the transaction dated Aug. 02, 2016, the great number of shares acquired came courtesy the Director; Woods Thomas D added a total of 25,000 shares at an average price of $14.13, amounting to approximately $353,250. The insider now directly owns 32,459 shares worth $909,826.

Bank of America Corporation (BAC) Analyst Guide

Several analysts have released their opinion on Bank of America Corporation (NYSE:BAC), with 8 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.94 average brokerage recommendation.