Bank of America Corporation (NYSE:BAC) is a favorite amongst institutional investors who own 58%

Simply Wall St.2023-12-21

Key Insights Significantly high institutional ownership implies Bank of America's stock price is sensitive to their trading actions 48% of the business is held by the top 25 shareholders ...

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A look at the shareholders of Bank of America Corporation  can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 58% ownership. Put another way, the group faces the maximum upside potential .Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. 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We can see that institutions own the lion's share in the company with 58% ownership. Put another way, the group faces the maximum upside potential (or downside risk). \n Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. \n Let's delve deeper into each type of owner of Bank of America, beginning with the chart below. \n See our latest analysis for Bank of America \n\n\n\n  NYSE:BAC Ownership Breakdown December 21st 2023\n \n\nWhat Does The Institutional Ownership Tell Us About Bank of America?\n Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. \n As you can see, institutional investors have a fair amount of stake in Bank of America. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Bank of America's earnings history below. Of course, the future is what really matters. \n\n\n\n  NYSE:BAC Earnings and Revenue Growth December 21st 2023\n \n\n Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Bank of America is not owned by hedge funds. Our data shows that Berkshire Hathaway Inc. is the largest shareholder with 13% of shares outstanding. For context, the second largest shareholder holds about 7.7% of the shares outstanding, followed by an ownership of 6.2% by the third-largest shareholder. \n A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. \n While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. \nInsider Ownership Of Bank of America\n While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. \n I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. \n Our data suggests that insiders own under 1% of Bank of America Corporation in their own names. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$328m of stock. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.  \nGeneral Public Ownership\n The general public, who are usually individual investors, hold a 29% stake in Bank of America. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. \nPublic Company Ownership\n Public companies currently own 13% of Bank of America stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together. \nNext Steps:\n While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted   1 warning sign for Bank of America   you should know about. \n If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. \nNB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2393108857"}