Fidelis Capital Partners LLC Increases Position in Bank of America Corporation $BAC

Fidelis Capital Partners LLC grew its holdings in shares of Bank of America Corporation (NYSE:BAC) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 225,610 shares of the financial services provider’s stock after purchasing an additional 19,803 shares during the period. Bank of America makes up approximately 0.9% of Fidelis Capital Partners LLC’s holdings, making the stock its 22nd largest position. Fidelis Capital Partners LLC’s holdings in Bank of America were worth $11,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after purchasing an additional 25,143 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Bank of America by 40.5% in the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 6,174 shares in the last quarter. Chicago Capital LLC grew its holdings in shares of Bank of America by 2.3% during the second quarter. Chicago Capital LLC now owns 20,410 shares of the financial services provider’s stock valued at $966,000 after buying an additional 451 shares during the last quarter. Powers Advisory Group LLC increased its position in shares of Bank of America by 7.3% during the second quarter. Powers Advisory Group LLC now owns 9,798 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 668 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its holdings in Bank of America by 58.8% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 161,960 shares of the financial services provider’s stock worth $7,664,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: MarketBeat highlights BAC’s low P/E and multiple analyst buy calls pointing to roughly 20–25% upside, arguing the recent pullback looks macro-driven and that the stock’s valuation is increasingly attractive to buy‑the‑dip investors. Read More.
• Positive Sentiment: Short interest fell materially in January (about a 12.4% drop vs. Dec), leaving a low short-float (~1.1%) and a short-interest ratio ~1.8 days — less short pressure can reduce downside volatility and supports mean reversion.
• Positive Sentiment: BofA disclosed an increased stake in Flutter Entertainment, signaling active capital deployment and potential upside from strategic investments outside core banking operations. Read More.
• Neutral Sentiment: BofA will match a U.S. government pilot $1,000 contribution to “Trump Accounts” for eligible employees per an internal memo — an HR/benefits item with limited direct financial impact but potential reputational consideration. Read More.
• Neutral Sentiment: BofA research remains active (notes on Meta, Seagate, AI supply chain names). Analyst activity supports trading flow but these are research calls rather than company fundamentals. Read More.
• Negative Sentiment: Some analysts trimmed near-term price targets while keeping bullish ratings — headlines saying targets were cut (even modestly) can sap momentum and justify short-term selling. Read More.
• Negative Sentiment: BofA’s own Bull & Bear Indicator flashed a “hyper‑bull” reading (per the fund manager survey); historically that signal has preceded market corrections, which raises macro risk for cyclical names like banks. Read More.

Bank of America Stock Down 0.7%

BAC stock opened at $51.82 on Thursday. The company has a market cap of $378.44 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 1.27 and a beta of 1.29. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50-day moving average is $54.08 and its two-hundred day moving average is $51.47. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Daiwa Capital Markets decreased their target price on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday. Hsbc Global Res upgraded shares of Bank of America from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Finally, Phillip Securities raised their price target on shares of Bank of America from $50.00 to $56.00 in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

About Bank of America

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.