Bank of America Corporation $BAC Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Bank of America Corporation (NYSE:BAC) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,117,968 shares of the financial services provider’s stock after buying an additional 843,738 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Bank of America worth $728,346,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Shepherd Financial Partners LLC boosted its position in shares of Bank of America by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock valued at $3,110,000 after purchasing an additional 189 shares during the period. William B. Walkup & Associates Inc. raised its stake in Bank of America by 1.4% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 192 shares during the last quarter. Albion Financial Group UT increased its holdings 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 purchasing an additional 205 shares during the period. Motive Wealth Advisors raised its position in 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 buying an additional 205 shares during the last quarter. Finally, Howard Financial Services LTD. increased its stake in shares of Bank of America by 2.5% during the third 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. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Stock Performance

Bank of America stock opened at $51.71 on Thursday. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $377.63 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The stock has a 50 day moving average of $54.06 and a 200-day moving average of $52.38.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. On average, analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is 29.24%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Wall Street analysts remain generally constructive on BAC’s longer‑term prospects, which supports upside if sector pressures ease. Read More.
• Neutral Sentiment: Bank of America filed its latest Form 10‑K with the U.K. National Storage Mechanism — a routine disclosure that doesn’t by itself change guidance or earnings expectations. Read More.
• Neutral Sentiment: Coverage notes and analyst activity from BofA Securities across many sectors continue (ratings reiterated on a range of names). These reflect brokerage workflow more than near‑term moves in BAC itself. Read More.
• Negative Sentiment: Private‑credit turmoil—exemplified by large managers selling loans to meet redemptions—has rippled through financials, contributing to a pullback in bank stocks and weighing on BAC. Read More.
• Negative Sentiment: Broader economic and tariff‑related uncertainty has pressured big banks, and BAC’s recent underperformance versus the S&P has amplified selling pressure. Expect volatility until macro signals stabilize. Read More.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. lifted their price objective on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Daiwa Securities Group dropped their price target on Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Piper Sandler lifted their price target on Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, Wells Fargo & Company increased their price objective on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research note 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America 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.