CTC 13F: Cuts Bank of America (BAC) Stake by $2.4M

CTC filed its latest 13F report with the SEC, showing a notable reduction in its investment in Bank of America Corporation (NYSE:BAC). The firm sold 42,301 shares during the reporting period, which ended May 21, 2026. This move brought its total holdings down to 23,766 shares, valued at approximately $1.35 million.

CTC Adjusts Bank of America Holding

This recent activity represents a 64.0% decrease in CTC's position compared to its previous count of 66,067 shares. The filing provides a snapshot of the fund's portfolio at the end of the quarter and might not reflect exactly what it owns today. By trimming this stake, CTC has moved away from a larger position it previously maintained in the Charlotte-based financial giant.

Institutional Activity in Bank of America

Other large investment firms have also been active with Bank of America lately. Boston Partners recently grew its holdings by 965,751 shares, ending with about 8.84 million shares. Meanwhile, Candriam S.C.A. chose to reduce its exposure, cutting its position by 84,140 shares. Schroder Investment Management showed increased confidence in the bank, boosting its position by 15% in its latest filing. These moves by major funds highlight varying strategies regarding one of the largest lenders in the United States.

Bank of America Stock Performance

Shares of Bank of America were trading at $56.98 on Saturday. The stock is currently positioned between its 52-week low of $46.12 and its 52-week high of $65.23. The current price is slightly above the 200-day moving average of $55.26 but below the 50-day average of $61.91. With a market capitalization of roughly $405.30 billion, the company trades at a P/E ratio of 13.39, which is a common way to measure if a stock is priced fairly relative to its earnings.

Recent Earnings and Growth

In its most recent reporting, Bank of America showed revenue of $113.93 billion, which represents a 16.8% growth rate. The company maintained a net margin of 29.5% and a return on equity of 11.2%. These figures show how much profit the bank generates from its total sales and shareholder investments. Investors are looking forward to the next quarterly update, which is scheduled for October 14, 2026.

Bank of America Dividend Payouts

The company continues to return value to its shareholders through regular payments. Bank of America pays an annual dividend rate of $1.28 per share, which currently results in a 2.22% dividend yield. The payout ratio sits at 0.26, meaning the bank uses about a quarter of its earnings to cover these dividend payments, leaving plenty of room for reinvestment or future increases.

Analysts Set New Price Targets

Several research firms updated their views on the stock on October 15, 2026. Citigroup maintained a Buy rating but lowered its price target from $66.00 to $60.00. Morgan Stanley kept its Overweight rating with a new target of $61.00, down from $67.00. Barclays remains one of the more optimistic firms, maintaining an Overweight rating with a $68.00 target. Currently, 21 analysts follow the stock, and the consensus recommendation is a Buy with a mean price target of $68.86.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving everyone from individual savers to massive corporations and governments. It handles everything from basic checking accounts and credit cards to complex investment banking, wealth management, and global trading services. As a bellwether for the American economy, its performance is often seen as a sign of the overall health of the consumer and business lending markets.

What's Ahead for Bank of America Corporation

Investors should keep an eye on the upcoming earnings report in October to see how interest rates and loan demand are affecting the bank's bottom line. While 13F filings like the one from CTC provide a clear look at what institutional investors were doing a few months ago, they are backward-looking and only represent one piece of the puzzle for this major financial stock.