Vanguard Group Adds $1.3B in Bank of America Corporation ($BAC)

Vanguard Group has increased its holdings in Bank of America Corporation (NYSE:BAC) by 23.35 million shares, according to its latest 13F filing with the SEC. This move brings Vanguard's total stake to 651.08 million shares, valued at approximately $36.47 billion as of the reporting period.

What Changed in Vanguard Group's Bank of America Position

Vanguard Group boosted its position in Bank of America by 23.35 million shares, a 3.72% increase from its previous holdings of 627.73 million shares. This adjustment reflects Vanguard's continued confidence in the bank, with the total value of its stake reaching $36.47 billion.

Other Institutional Activity in Bank of America

Other major institutional investors made changes to their Bank of America holdings as well. BlackRock, Inc. reduced its position by 3.22 million shares, leaving it with 539.26 million shares worth about $26.29 billion. Berkshire Hathaway Inc. also trimmed its holdings by 3.67 million shares, ending with 513.62 million shares valued at $25.04 billion. Meanwhile, Vanguard Capital Management LLC acquired 409.70 million shares, now holding shares valued at $19.97 billion. State Street Corp decreased its stake by 4.59 million shares to 301.31 million shares, worth $14.38 billion. FMR LLC significantly reduced its position by 16.30 million shares, retaining 198.48 million shares valued at $9.68 billion.

Bank of America Stock Snapshot

Shares of Bank of America (NYSE:BAC) traded at $56.02 recently. The company has a market cap of $397.55 billion and a P/E ratio of 13.9. Its forward P/E is 11.1, indicating potential earnings growth. The stock's beta is 1.196, suggesting moderate volatility. Over the past 52 weeks, it has ranged from $44.06 to $57.55. The 50-day moving average is $52.37, and the 200-day moving average is $52.11.

Recent Earnings

Bank of America reported annual revenue of $109.59 billion, with a growth rate of 8.1%. The company achieved a net margin of 28.96% and a return on equity of 10.64%. Its earnings per share (EPS) stand at $4.03. The next earnings report is scheduled for July 14, 2026.

Dividend

Bank of America offers an annual dividend rate of $1.12, yielding 2.0%. The dividend payout ratio is 27.3%, indicating a sustainable dividend policy.

Insider Buying and Selling at Bank of America Corporation

Recent insider activity at Bank of America includes several transactions. On May 15, 2026, CEO Brian Moynihan both purchased and sold 18,083 shares, with the sale price at $49.77. Chief Risk Officer Geoffrey Greener sold 126,756 shares at an average price of $53.01 on May 5, 2026. Additionally, insiders Maria Zuber and Michael White each bought 5,365 shares on May 4, 2026.

Analysts Set New Price Targets

On April 16, 2026, Piper Sandler maintained a hold rating with a $59 price target. Oppenheimer, Evercore ISI Group, and Truist Securities each maintained buy ratings with a $61 target. RBC Capital reiterated its buy rating with a $59 target. Keefe, Bruyette & Woods maintained a buy rating with a $64 target. The consensus among 22 analysts is a strong buy, with an average target price of $63.16.

About Bank of America

Bank of America Corporation, headquartered in Charlotte, North Carolina, is a leading financial institution offering a range of banking and financial services. It serves individual consumers, small and middle-market businesses, institutional investors, and corporations globally. The company operates through segments like Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Led by CEO Brian Moynihan, Bank of America employs around 212,000 people.

Bottom Line

Vanguard Group's increased stake in Bank of America highlights ongoing interest from major institutional investors. The bank's solid financial performance and attractive valuation metrics make it a key player in the financial services sector. Investors often track 13F filings to understand institutional sentiment, though these filings are backward-looking and may not reflect current positions.