Bank of America stock is trading -5.94% below its average target price of $39.25 after marking a 3.2% during today's afternoon session. Analysts are giving the Large-Cap Banking company an average rating of buy and target prices ranging from $34.0 to $45.0 per share.
Bank of America's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 1.74. The company's insiders own 13.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 58.9%. In conclusion, we believe there is positive market sentiment regarding Bank of America.
Institutions Invested in Bank of America
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Berkshire Hathaway, Inc | 13% | 1,032,852,006 | $38,130,415,899 |
| 2023-12-31 | Vanguard Group Inc | 8% | 608,335,971 | $22,458,303,266 |
| 2023-12-31 | Blackrock Inc. | 6% | 491,633,287 | $18,149,920,409 |
| 2023-12-31 | State Street Corporation | 4% | 290,740,901 | $10,733,455,915 |
| 2023-12-31 | FMR, LLC | 2% | 187,473,853 | $6,921,084,476 |
| 2023-12-31 | JP Morgan Chase & Company | 2% | 149,049,745 | $5,502,558,675 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 132,478,492 | $4,890,787,807 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 110,911,996 | $4,094,604,562 |
| 2023-12-31 | Morgan Stanley | 1% | 110,893,334 | $4,093,915,605 |
| 2023-12-31 | Price (T.Rowe) Associates Inc | 1% | 104,030,844 | $3,840,568,953 |
