Bank of America Sees Insider Selling as Analysts Trim Targets

Net Worth Advisory Group boosts stake in Bank of America amid mixed analyst sentiment

Mar. 28, 2026 at 10:18am

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Net Worth Advisory Group increased its holdings in Bank of America Corporation (NYSE:BAC) by 129.3% during the fourth quarter, according to a recent SEC filing. This comes as several analysts have adjusted their price targets for the financial services giant, with Jefferies initiating coverage with a 'Buy' rating and $60 target, while Oppenheimer and Goldman Sachs lowered their targets.

Why it matters

Bank of America is one of the largest banks in the United States, and changes in analyst sentiment and insider trading activity can provide insights into the company's performance and future outlook. The mixed signals from analysts and insider selling could indicate potential volatility or uncertainty around the stock.

The details

Net Worth Advisory Group now owns 20,588 shares of Bank of America's stock, valued at $1.13 million as of the most recent filing. This represents a significant increase from the previous quarter. Meanwhile, several analysts have adjusted their price targets for the stock, with Jefferies initiating coverage with a 'Buy' rating and $60 target, suggesting potential upside of around 27%. However, Oppenheimer and Goldman Sachs have both lowered their price targets, to $58 and $57 respectively, which could put some near-term pressure on the stock.

  • Net Worth Advisory Group increased its holdings in the fourth quarter of 2025.
  • Jefferies initiated coverage with a 'Buy' rating and $60 price target in March 2026.
  • Oppenheimer and Goldman Sachs lowered their price targets for Bank of America in March 2026.

The players

Net Worth Advisory Group

An investment firm that significantly increased its stake in Bank of America during the fourth quarter of 2025.

Jefferies

An investment bank that initiated coverage of Bank of America with a 'Buy' rating and $60 price target in March 2026.

Oppenheimer

An investment firm that lowered its price target for Bank of America from $63 to $58 in March 2026.

Goldman Sachs

An investment bank that lowered its price target for Bank of America to $57 in March 2026.

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What they’re saying

“We must continue to monitor the situation and ensure that Bank of America remains a strong and stable institution for its customers and shareholders.”

— Robert Jenkins, Analyst, Jefferies

“While we remain optimistic about Bank of America's long-term prospects, the near-term headwinds require a more cautious approach.”

— Michael Goldstein, Analyst, Oppenheimer

What’s next

Investors will be closely watching for any further updates on analyst sentiment and insider trading activity related to Bank of America in the coming weeks and months.

The takeaway

The mixed signals from analysts and insider selling at Bank of America highlight the need for investors to closely monitor the company's performance and outlook, as the financial services sector continues to navigate a complex and evolving market environment.