Knights of Columbus Asset Advisors LLC Purchases 116,455 Shares of Bank of America Corporation $BAC

Knights of Columbus Asset Advisors LLC boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 39.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 408,933 shares of the financial services provider’s stock after buying an additional 116,455 shares during the quarter. Bank of America accounts for 1.2% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Bank of America were worth $21,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BAC. William B. Walkup & Associates Inc. grew its holdings in Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 192 shares during the period. Albion Financial Group UT lifted its position in shares of Bank of America by 1.6% in the third quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after buying an additional 205 shares during the last quarter. Motive Wealth Advisors boosted its stake in shares of Bank of America by 3.6% during the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 205 shares during the period. Howard Financial Services LTD. boosted its stake in shares of Bank of America by 2.5% during the 3rd quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 205 shares during the period. Finally, Wynn Capital LLC increased its holdings in shares of Bank of America by 0.4% during the 3rd quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock worth $2,428,000 after acquiring an additional 207 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Up 2.4%

Shares of Bank of America stock opened at $53.07 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a market capitalization of $387.54 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.27 and a beta of 1.29. The firm’s 50-day moving average price is $54.12 and its two-hundred day moving average price is $51.48.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period last year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on BAC shares. Truist Financial reduced their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Daiwa Capital Markets lowered their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. TD Cowen lowered their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada lifted their price target on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Bank of America News Summary

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

• Positive Sentiment: CEO Brian Moynihan singled out India as a major growth engine for Bank of America, calling for more capital to fuel expansion and urging streamlined local regulations — a message that supports long‑term revenue opportunity in a fast-growing market. BofA CEO Moynihan sees India as major growth engine, calls for more capital
• Positive Sentiment: Market commentary highlights BAC’s low P/E and analyst calls for ~25% upside, framing the recent pullback as a valuation-driven buying opportunity following a solid earnings beat — supports investor interest in buying the dip. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
• Positive Sentiment: Firm is expanding client reach via account and lending initiatives (reported deals on Trump accounts and auto finance), which could boost deposit balances and loan originations if the initiatives scale. Bank Of America Extends Reach With Trump Accounts And Auto Finance Deal
• Neutral Sentiment: Bank of America will match the U.S. government’s $1,000 pilot contribution for eligible employees to the new pilot “Trump Accounts” program — mostly an internal/HR policy item with limited direct impact on the stock. BofA to match US government’s pilot contribution to Trump Accounts, memo says
• Neutral Sentiment: Management shuffle: Lo Piccolo named country head replacing Mattarella — a routine leadership change that markets often treat as neutral unless tied to execution concerns. Bank of America appoints Lo Piccolo as country head replacing Mattarella
• Neutral Sentiment: BofA disclosed a larger stake in Flutter Entertainment — an investment/positioning move that is unlikely to move BAC’s bank-stock valuation materially in the near term. Bank of America Boosts Stake in Flutter Entertainment
• Neutral Sentiment: BofA’s chief strategist warned the 30‑year Treasury yield is nearing a key line in the sand (cannot exceed ~5%), a macro view that markets are watching because sustained higher long yields would affect bank funding and asset yields. This is a market-moving macro view rather than firm-specific news. Top Bank of America strategist says the long bond is nearing the key line in the sand
• Negative Sentiment: Some sell‑side actions trimmed BAC targets or lowered expectations (e.g., Daiwa), which can weigh on near-term sentiment despite many analysts remaining constructive — contributes to intraday selling pressure. Daiwa Capital Markets Has Lowered Expectations for Bank of America (NYSE:BAC) Stock Price
• Negative Sentiment: Headline coverage noting analysts have trimmed price targets while staying bullish signals some caution among brokers and may cap upside until macro risks (rates, geopolitics) ease. Analysts cut Bank of America (BAC) price targets while staying bullish

Bank of America Company Profile

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.