Candriam S.C.A. Reduces $5M in Bank of America Corporation ($BAC)
Candriam S.C.A. cut its position in Bank of America by 84,140 shares, a 6.13% decrease.
Key Points
- Candriam S.C.A. reduced its stake in Bank of America by 84,140 shares, bringing its total to 1,289,220 shares worth $72.45 million as of its latest filing.
- Bank of America has a market cap of $398.8 billion, a P/E ratio of 13.95, and a 52-week range between $44.75 and $57.98.
- Analysts maintain a strong buy consensus on Bank of America, with recent price targets ranging from $57.5 to $64.
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Candriam S.C.A. has trimmed its stake in Bank of America Corporation (NYSE: BAC) according to its latest 13F filing with the SEC. The fund reduced its holdings by 84,140 shares, or about 6.13%, leaving it with 1,289,220 shares valued at $72.45 million as of the reporting period ending April 30, 2026.
Candriam S.C.A. vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Candriam S.C.A.'s Bank of America Position
Candriam S.C.A. decided to cut its position in Bank of America by 84,140 shares, dropping its total to 1,289,220 shares from a previous 1,373,360. This reduction represents a 6.13% decrease in its holdings, with the remaining shares valued at approximately $72.45 million.
Other Institutional Activity in Bank of America
Several other institutional investors have also adjusted their positions in Bank of America. BlackRock, Inc. reduced its holdings by 3,217,508 shares, ending with 539,258,516 shares valued at about $26.29 billion. Berkshire Hathaway Inc. also trimmed its position by 3,671,769 shares, holding 513,624,165 shares worth $25.04 billion. On the other hand, Vanguard Capital Management LLC significantly increased its holdings by 409,704,665 shares, matching its total share count and value at $19.97 billion. State Street Corp cut its holdings by 4,590,520 shares to 301,309,309 shares, valued at $14.38 billion. Meanwhile, FMR LLC reduced its stake by 16,296,846 shares, bringing its total to 198,484,617 shares worth $9.68 billion.
Bank of America Corporation Stock Down 8.6%
Shares of Bank of America (NYSE: BAC) traded near $56.20. The company boasts a market cap of $398.8 billion, with a P/E ratio of 13.95 and a forward P/E of 11.13. Its beta stands at 1.196, indicating moderate volatility. The stock's 52-week low is $44.75, and its high is $57.98. The 50-day moving average is $52.85, while the 200-day moving average is $52.23.
$BAC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bank of America reported revenues of $109.59 billion, with a revenue growth of 8.1%. The net margin stands at 28.96%, and the return on equity is 10.64%. The company posted earnings per share of $4.03. The next earnings report is scheduled for July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
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Profit surprise
Operating income missed by 10 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 40.5 points. Operating margin up 17.1 points. Positive free cash flow.
Earnings Call Summary
Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.
Guidance Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Bank of America pays an annual dividend rate of $1.12, yielding 1.97%. The dividend payout ratio is 27.3%.
Insider Buying and Selling at Bank of America Corporation
On June 15, 2026, Brian Moynihan, Chair and CEO of Bank of America, engaged in several transactions. He sold 18,083 shares at an average price of $55.87 and bought the same amount on the same day. Earlier, on May 15, 2026, Moynihan sold 18,083 shares at $49.77.
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 all maintained buy ratings with targets of $61. RBC Capital reiterated its buy rating with a $59 target, while Keefe, Bruyette & Woods set a $64 target. JP Morgan had earlier maintained a buy rating with a $57.5 target on April 7, 2026. The consensus among 22 analysts remains a strong buy, with an average target price of $63.16.
About Bank of America
Bank of America Corporation, based in Charlotte, North Carolina, offers a wide range of financial services. It operates through four main segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The company serves individuals, businesses, and institutions globally. Brian Thomas Moynihan is the CEO, and the company employs around 212,000 people.
Bottom Line
Candriam S.C.A.'s decision to reduce its stake in Bank of America is part of the latest institutional activity reflected in its SEC filing. With a strong market position and a robust analyst outlook, Bank of America remains a key player in the financial services sector. As always, 13F filings provide a historical look at fund positions and may not indicate current holdings.
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