Bank of America Corporation $BAC Shares Sold by Hosking Partners LLP

Hosking Partners LLP lessened its position in shares of Bank of America Corporation (NYSE:BAC) by 6.8% in the third quarter, Holdings Channel.com reports. The firm owned 855,871 shares of the financial services provider’s stock after selling 62,204 shares during the period. Bank of America makes up about 1.6% of Hosking Partners LLP’s investment portfolio, making the stock its 21st largest position. Hosking Partners LLP’s holdings in Bank of America were worth $46,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BAC. Turim 21 Investimentos Ltda. acquired a new position in shares of Bank of America during the second quarter worth about $25,000. Cherry Tree Wealth Management LLC grew its holdings in shares of Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after buying an additional 300 shares in the last quarter. Principia Wealth Advisory LLC raised its position in Bank of America by 69.9% in the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after buying an additional 218 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Bank of America in the 2nd quarter valued at approximately $34,000. Finally, Vermillion Wealth Management Inc. raised its position in Bank of America by 199.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after buying an additional 438 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer cut Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods decreased their price target on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Barclays decreased their price target on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Robert W. Baird upgraded shares of Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Thursday, October 15th. Finally, Jefferies Financial Group cut their price objective on shares of Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Bank of America presently has an average rating of “Moderate Buy” and an average target price of $62.82.

Trending Headlines about Bank of America

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Bank of America declared a quarterly common-stock dividend of $0.32 per share, payable December 24 to shareholders of record on December 4. The continued payout supports the investment case for income-oriented shareholders. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Positive Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen oversight and bring further industrial and corporate leadership experience. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Neutral Sentiment: Bank of America’s wealth-management franchise remains a diversification benefit: Global Wealth and Investment Management generated approximately $1.41 billion in second-quarter net income, or about 16% of company earnings. Bank of America Wealth Business
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud investigations and class actions tied to alleged disclosures surrounding Bank of America’s anti-money-laundering compliance issues and a reported $1.2 billion Treasury penalty. The repeated announcements increase reputational and potential litigation risk, although the allegations have not been proven. Lead-plaintiff motions are due December 15, 2026. ROSEN Bank of America Securities Class Action
• Negative Sentiment: The latest reported quarter also fell slightly short of expectations, with earnings of $1.08 per share versus a $1.10 consensus and revenue of $29.96 billion versus $30.58 billion. That performance may limit near-term enthusiasm despite year-over-year revenue growth.

Bank of America Trading Up 0.3%

NYSE BAC opened at $50.81 on Thursday. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $58.24 and a 200-day moving average of $56.78. The company has a market cap of $355.29 billion, a PE ratio of 12.07, a PEG ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Bank of America’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts anticipate that Bank of America Corporation will post 4.54 EPS for the current fiscal year.

Bank of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s payout ratio is 30.40%.

About Bank of America

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.