Bank of America Corporation $BAC Holdings Reduced by Philadelphia Trust Co.

Philadelphia Trust Co. cut its position in Bank of America Corporation (NYSE:BAC) by 21.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,733 shares of the financial services provider’s stock after selling 39,578 shares during the period. Philadelphia Trust Co.’s holdings in Bank of America were worth $7,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. AMG National Trust Bank raised its holdings in shares of Bank of America by 10.9% in the 3rd quarter. AMG National Trust Bank now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after purchasing an additional 4,805 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. grew its stake in shares of Bank of America by 42.6% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,025 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 1,500 shares in the last quarter. Lido Advisors LLC grew its stake in shares of Bank of America by 15.2% during the third quarter. Lido Advisors LLC now owns 647,855 shares of the financial services provider’s stock worth $35,263,000 after purchasing an additional 85,521 shares in the last quarter. Csenge Advisory Group grew its stake in shares of Bank of America by 13.1% during the third quarter. Csenge Advisory Group now owns 36,075 shares of the financial services provider’s stock worth $1,964,000 after purchasing an additional 4,179 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in Bank of America by 3.9% in the third quarter. D Orazio & Associates Inc. now owns 6,100 shares of the financial services provider’s stock valued at $332,000 after buying an additional 231 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Bank of America

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

• Neutral Sentiment: Bank of America warned that October inflation could leave the Federal Reserve behind the curve and open the door to a half-point rate hike in December. Higher rates can support bank lending income, but a sharp increase could also weigh on borrowers and the economy. Article: Fed May Be Falling Behind on Inflation
• Negative Sentiment: Several law firms repeated notices about a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The notices largely reiterate the same case, but the litigation and allegations that the bank misled investors add reputational and potential legal-cost risks. Article: Bank of America Shareholder Class Action
• Negative Sentiment: Reports also point to heightened scrutiny over the bank’s anti-money-laundering and sanctions compliance, including Senator Elizabeth Warren’s reported call for a Justice Department criminal probe. Any further investigation could increase legal and reputational risks, though the reports do not establish that a new probe has begun. Article: Bank of America Faces Scrutiny and Class Action
• Negative Sentiment: Berkshire Hathaway may have sold more Bank of America shares in the third quarter, according to clues from a filing. The possible sales could weigh on sentiment, although the article says the portfolio disclosure is still pending. Article: Berkshire Hathaway May Have Sold More Bank of America Stock

Bank of America Trading Up 0.3%

NYSE BAC opened at $50.72 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s fifty day moving average price is $54.78 and its 200 day moving average price is $54.87. The company has a market capitalization of $349.95 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate 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 company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. Bank of America’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

Analysts Set New Price Targets

BAC has been the topic of a number of analyst reports. Citigroup cut their price target on Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. HSBC began coverage on Bank of America in a research report on Monday, September 28th. They set a “buy” rating and a $65.00 price objective for the company. Royal Bank Of Canada dropped their price objective on Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Keefe, Bruyette & Woods cut their target price on Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, UBS Group decreased their target price on Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $62.48.

Bank of America Company Profile

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services. The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.