Krilogy Financial LLC Boosts Stock Position in Bank of America Corporation $BAC

Krilogy Financial LLC raised its position in Bank of America Corporation (NYSE:BAC) by 64.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 67,643 shares of the financial services provider’s stock after purchasing an additional 26,514 shares during the period. Krilogy Financial LLC’s holdings in Bank of America were worth $3,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAC. Quaker Wealth Management LLC boosted its position in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after buying an additional 880 shares during the period. Steph & Co. lifted its position in Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. CGC Financial Services LLC boosted its holdings in Bank of America by 585.4% in the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 521 shares during the period. Marquette Asset Management LLC acquired a new stake in Bank of America in the third quarter valued at approximately $30,000. Finally, Collier Financial purchased a new stake in shares of Bank of America during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

NYSE:BAC opened at $55.40 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $54.49 and its 200 day moving average price is $51.97. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The firm has a market cap of $404.56 billion, a P/E ratio of 14.46, a PEG ratio of 1.38 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 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 company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America said it will maintain its dividend amid strong quarterly results and a moderate outlook — supports income investors and signals confidence in capital levels. Bank of America (BAC) Maintains Dividend
• Positive Sentiment: Analysis notes BAC preferred shares offer interest-rate protection and income diversification; attractive to yield-seeking investors if rate volatility persists — can support the equity via demand for bank securities. Bank Of America Preferreds Offer Interest Rate Protection
• Positive Sentiment: Valuation note: BAC trades at a discount to industry price-to-tangible-book multiples, which can attract value buyers and provide a floor to the stock. BAC Trades at a Discount to Industry
• Neutral Sentiment: BAC presented at its own Financial Services Conference (transcript available) — useful for understanding management priorities and capital allocation but not an immediate catalyst unless new guidance was given. BAC Presents at Bank of America Financial Services Conference 2026 Transcript
• Neutral Sentiment: Firm PR on diversity/leadership (women advisors, Italian leadership narrative) may support ESG perception but is unlikely to move the stock materially in the short term. Bank Of America Highlights Women Advisors
• Negative Sentiment: BofA research has been outspoken on market risks: a harsh warning to the “Magnificent Seven” tech stocks could sap overall market sentiment and weigh on bank trading revenues and market-related fees. Bank of America sends harsh warning to Magnificent Seven stocks
• Negative Sentiment: BofA commodities head Francisco Blanch warns of a ~2M bpd oil surplus this year — weaker energy prices could hurt energy-sector activity and loan demand in some regions and damp overall market risk appetite. Oil Market Faces 2 Million Barrel-per-Day Surplus
• Negative Sentiment: Macro labor datapoints cited by BofA economists (sluggish job growth despite strong GDP) raise uncertainty about the Fed path and loan growth; mixed/weak hiring could pressure net interest income expectations over time. The economy is booming. So why is the job market lagging?
• Neutral Sentiment: BofA’s commodities team also lifted long-term oil forecasts (Brent $60–$80 to 2031), a longer-horizon view that may conflict with near-term surplus commentary and have limited immediate impact on BAC. The World Is Still Hungry For Crude — Bank of America Lifts Oil Price Forecasts

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Piper Sandler lifted their target price on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Barclays raised their price objective on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Citigroup increased their target price on Bank of America from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Wall Street Zen downgraded shares of Bank of America from a “hold” rating to a “sell” rating in a research report on Monday, January 5th. Finally, Wells Fargo & Company upped their price target on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

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.