Intech Investment Management Reduces $764K in Bank of America Corporation ($BAC)
Intech trims its position in Bank of America by 4.8%, now holding 263,805 shares.
Key Points
- Intech Investment Management cut its stake in Bank of America by 13,403 shares, a 4.8% reduction, holding 263,805 shares as of the latest SEC filing.
- Bank of America shares trade near $56.02 with a market cap of $397.6 billion and a P/E ratio of 13.9.
- Insider transactions include CEO Brian Moynihan's activity, while analysts maintain positive outlooks with targets around $59 to $64.
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Intech Investment Management recently trimmed its holdings in Bank of America Corporation (NYSE:BAC), reducing its stake by 13,403 shares. This 4.8% decrease leaves the firm with 263,805 shares, valued at approximately $14.78 million, according to its latest Form 13F filing with the SEC as of May 8, 2026.
What Changed in Intech Investment Management's Bank of America Position
Intech Investment Management decided to cut its position in Bank of America, moving from 277,208 shares down to 263,805 shares, a reduction of 13,403 shares. This adjustment represents a 4.8% decrease in their holdings, now valued at about $14.78 million.
Other Institutional Activity in Bank of America
Several other major institutional investors also adjusted their stakes in Bank of America. BlackRock, Inc. reduced its holdings by 3,217,508 shares, ending with 539,258,516 shares valued at $26.29 billion. Berkshire Hathaway Inc. cut 3,671,769 shares, resulting in a total of 513,624,165 shares worth $25.04 billion. State Street Corp saw a decrease of 4,590,520 shares, leaving it with 301,309,309 shares valued at $14.38 billion. Conversely, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both made new entries, each holding 409,704,665 and 163,431,813 shares, respectively.
Bank of America Corporation Stock Down 8.6%
Shares of Bank of America are trading around $56.02. The company boasts a market capitalization of $397.6 billion and a price-to-earnings (P/E) ratio of 13.9, with a forward P/E of 11.1. Its beta stands at 1.196. Over the past 52 weeks, the stock has ranged from $44.06 to $57.55, with a 50-day moving average of $52.37 and a 200-day moving average of $52.11.
$BAC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bank of America reported revenue of $109.59 billion, reflecting an 8.1% growth. The company's net margin stands at 28.96%, with a return on equity (ROE) of 10.64%. Its earnings per share (EPS) is $4.03. The next earnings report is expected on 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 2.0% with a payout ratio of 27.3%. The next ex-dividend date has not been specified.
Insider Buying and Selling at Bank of America Corporation
Recent insider transactions at Bank of America include CEO Brian Moynihan's activity on May 15, 2026. He bought 18,083 shares and sold the same amount at an average price of $49.77. Chief Risk Officer Geoffrey Greener sold 126,756 shares on May 5, 2026, at an average price of $53.01. Additionally, insiders Maria Zuber and Michael White each purchased 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 target. Oppenheimer, Evercore ISI Group, and Truist Securities each maintained buy ratings with $61 targets. RBC Capital reiterated a buy rating with a $59 target. Keefe, Bruyette & Woods maintained a buy rating with a $64 target. JP Morgan also maintained a buy rating with a $57.5 target on April 7, 2026. The consensus recommendation is a strong buy with a mean target price of $63.16 based on 22 analyst opinions.
About Bank of America
Bank of America Corporation is a financial services giant headquartered in Charlotte, North Carolina. It offers a wide range of financial products and services to individuals, businesses, and governments globally. The company operates through several segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Led by CEO Brian Moynihan, Bank of America employs about 212,000 people worldwide.
Bottom Line
Intech Investment Management's recent reduction of its Bank of America stake is part of a broader trend among institutional investors adjusting their positions. With a market cap of nearly $400 billion and a strong analyst consensus, Bank of America remains a closely watched stock. Investors will be keen to see how the bank performs in its upcoming earnings report, scheduled for July 14, 2026.
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