Bank of America Corporation $BAC Holdings Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in shares of Bank of America Corporation (NYSE:BAC) by 4.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 281,594 shares of the financial services provider’s stock after buying an additional 12,645 shares during the period. Ritholtz Wealth Management’s holdings in Bank of America were worth $15,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc acquired a new stake in Bank of America during the 2nd quarter worth about $2,571,060,000. Amundi raised its position in shares of Bank of America by 12.5% in the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock worth $2,066,274,000 after acquiring an additional 4,721,969 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Bank of America in the 2nd quarter worth about $2,359,172,000. Bank of New York Mellon Corp bought a new position in shares of Bank of America in the 2nd quarter worth about $2,313,953,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bank of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock valued at $1,517,599,000 after purchasing an additional 561,413 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BAC shares. Wells Fargo & Company cut their target price on Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Citigroup decreased their target price on Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, October 15th. HSBC initiated coverage on Bank of America in a report on Monday, September 28th. They issued a “buy” rating and a $65.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. Finally, JPMorgan Chase & Co. cut their price target on Bank of America from $62.00 to $59.50 and set an “overweight” rating on the stock in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.48.

Bank of America News Roundup

These are some of the BAC news items that stood out recently:

• Positive Sentiment: A comparison with Wells Fargo says Bank of America has an edge on earnings growth and valuation, though Wells Fargo has stronger recent share performance and return on equity. Read article
• Neutral Sentiment: Bank of America’s market outlook includes caution about crowded trades, while its view that inflation could prompt a larger Federal Reserve rate hike points to potential rate volatility. These are broader market calls, not new BAC-specific financial forecasts. Read article Read article
• Negative Sentiment: Several law firms are publicizing the same securities class action against Bank of America, concerning investors who bought shares from August 1, 2025, through October 13, 2026. The lead-plaintiff deadline is December 15, 2026. The repeated alerts are not evidence of a new ruling, but the allegations and potential legal costs may weigh on sentiment. Read article Read article

Bank of America Stock Performance

Shares of Bank of America stock opened at $50.67 on Thursday. The business has a 50-day simple moving average of $54.56 and a 200 day simple moving average of $54.87. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $349.61 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.89 and a beta of 1.19.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. On average, research analysts anticipate that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America’s dividend payout ratio (DPR) is currently 30.40%.

Bank of America Profile

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services. The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.