Bank of America Corporation $BAC Stock Position Reduced by Diamond Hill Capital Management Inc.

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Diamond Hill Capital Management Inc. has reduced its stake in Bank of America Corporation (NYSE:BAC) by 22.7%, selling over 2.3 million shares, though BAC remains its 12th largest holding. Bank of America recently reported strong Q4 earnings, beating EPS estimates and showing significant year-over-year revenue growth. Analysts maintain a “Moderate Buy” rating for BAC, with an average price target of $60.30, and the company has declared a quarterly dividend of $0.28 per share.

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