Bank of America stock is trading -23.91% below its average target price of $48.88 after marking a 1.4% during today's afternoon session. Analysts are giving the Large-Cap Banking company an average rating of buy and target prices ranging from $42.0 to $57.0 per share.
The stock has a very low short interest at 1.1%, and a short ratio of 1.85. The company's insiders own 9.05% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 66.2% of Bank of America's shares being owned by this investor type.
Institutions Invested in Bank of America
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Berkshire Hathaway, Inc | 9% | 680,233,587 | $25,301,288,060 |
| 2024-12-31 | Vanguard Group Inc | 9% | 657,834,864 | $24,468,167,565 |
| 2024-12-31 | Blackrock Inc. | 7% | 522,691,367 | $19,441,505,236 |
| 2024-12-31 | State Street Corporation | 4% | 294,818,145 | $10,965,760,813 |
| 2024-12-31 | FMR, LLC | 3% | 193,353,875 | $7,191,797,321 |
| 2024-12-31 | JPMORGAN CHASE & CO | 2% | 169,883,556 | $6,318,818,813 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 142,289,199 | $5,292,446,713 |
| 2024-12-31 | Morgan Stanley | 2% | 125,205,762 | $4,657,028,279 |
| 2024-12-31 | Price (T.Rowe) Associates Inc | 2% | 122,437,422 | $4,554,059,873 |
| 2024-12-31 | NORGES BANK | 2% | 118,930,358 | $4,423,614,629 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Bank of America.
