Bank of America Corporation $BAC Shares Sold by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd trimmed its stake in shares of Bank of America Corporation (NYSE:BAC) by 51.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,091 shares of the financial services provider’s stock after selling 9,687 shares during the period. Persistent Asset Partners Ltd’s holdings in Bank of America were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BAC. Quaker Wealth Management LLC increased 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 valued at $25,000 after buying an additional 880 shares in the last quarter. Steph & Co. increased its holdings in Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares in the last quarter. Collier Financial acquired a new position in Bank of America during the third quarter worth about $30,000. Marquette Asset Management LLC purchased a new stake in shares of Bank of America in the third quarter valued at about $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Bank of America in the third quarter valued at approximately $31,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BAC. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, January 27th. Morgan Stanley reduced their price objective on Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. The Goldman Sachs Group lifted their price objective on Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Finally, TD Cowen lowered their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Bank of America currently has an average rating of “Moderate Buy” and an average price target of $60.30.

Bank of America Stock Down 1.1%

Shares of Bank of America stock opened at $52.75 on Friday. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The company has a market capitalization of $385.24 billion, a PE ratio of 13.77, a P/E/G ratio of 1.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50-day moving average of $54.33 and a 200-day moving average of $52.17.

Bank of America (NYSE:BAC) last issued its quarterly earnings results 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 return on equity of 11.07% and a net margin of 16.23%.The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. Bank of America’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is presently 29.24%.

Trending Headlines about Bank of America

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

• Positive Sentiment: BofA will launch a no‑fee BofA Rewards program that expands eligibility to over 30 million checking clients, aiming to deepen deposits, card usage and wealth relationships — a clear retail growth and cross‑sell initiative. New BofA Rewards™ Program to Reach Millions More Clients with Expanded Benefits
• Positive Sentiment: Regulatory talk about easing capital rules could allow big banks (WFC, BAC, JPM) to regain mortgage market share from non‑bank lenders, potentially boosting loan volumes and fee income for BofA. The Zacks Analyst Blog Rocket, PennyMac , Wells Fargo , Bank of America and JPMorgan
• Neutral Sentiment: Bank of America Private Bank has launched an art consulting service to serve wealthy clients — a niche offering that can support loan demand and deepen relationships but is likely immaterial to near‑term revenues. BofA offers art consulting to wealthy clients as collectors increase loans demand
• Negative Sentiment: An internal memo shows BofA will commit $25 billion of its own cash to private‑credit deals — a move that can lift yield but increases direct credit and liquidity exposure amid signs of stress in parts of the private‑credit market. Markets often view large proprietary commitments as a risk to capital stability. BofA commits $25 billion to private-credit deals, memo shows
• Negative Sentiment: Reports that Warren Buffett trimmed Berkshire’s BofA position have fed negative sentiment — large, well‑known investors reducing exposure can pressure the stock even if fundamentals remain intact. Warren Buffett Sold 29% of Bank of America and Bought This Consumer Stock for 4 Consecutive Quarters
• Negative Sentiment: Coverage that BofA sharply increased a stake in a struggling crypto stock raises questions about trading/position risk and oversight — a headline that can dent investor confidence. Bank of America hikes stake in sinking crypto stock by 1,668%

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.