Bank of America Corporation $BAC Holdings Increased by True North Advisors LLC

True North Advisors LLC increased its holdings in Bank of America Corporation (NYSE:BAC) by 287.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,586 shares of the financial services provider’s stock after acquiring an additional 197,719 shares during the quarter. Bank of America comprises about 2.2% of True North Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. True North Advisors LLC’s holdings in Bank of America were worth $13,753,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after purchasing an additional 25,143 shares during the last quarter. Quantbot Technologies LP bought a new position in Bank of America during the 1st quarter valued at approximately $648,000. T. Rowe Price Investment Management Inc. raised its stake in Bank of America by 7.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 26,367 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 1,861 shares during the last quarter. AlphaQuest LLC boosted its holdings in Bank of America by 808,400.0% in the first quarter. AlphaQuest LLC now owns 8,085 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Bank of America by 4.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 89,193 shares of the financial services provider’s stock worth $3,722,000 after acquiring an additional 3,411 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: CEO comments flag upside for growth and margins — Bank of America Chair & CEO Brian Moynihan told media that AI is increasingly contributing to U.S. economic growth, the consumer is in “pretty good shape,” and the Fed should have room to cut rates next year. Markets interpret this as supportive for loan demand, credit quality and eventual margin relief if rates decline. Bank of America (BAC) CEO Says AI Is Helping to Drive the U.S. Economy
• Positive Sentiment: Ongoing corporate lending activity — Rocket Companies extended a facility tied to Bank of America (Rocket Mortgage entered as guarantor on an amendment), underscoring continued middle-market and consumer lending relationships that support fee and interest income. This is a modest positive signal for loan pipeline health. Rocket Companies Extends Key Bank of America Facility
• Positive Sentiment: Community lending and reputational capital — BofA committed $10 million in zero-interest loans to CDFIs for Los Angeles wildfire recovery, a small direct financial outlay but positive for brand, regulatory goodwill, and local franchise strength. BofA Commits $10 Million in Capital for Residents and Small Businesses Impacted by L.A. Wildfires
• Neutral Sentiment: Research notes from BofA Securities — Analysts reiterated ratings on several non-bank names (e.g., CRISPR Therapeutics Buy, ArcBest Hold, Vail Resorts Neutral). These demonstrate active research flow but have limited direct impact on BAC’s fundamentals. Buy Rating on CRISPR Therapeutics
• Neutral Sentiment: BofA research highlights others in retail/tech — a Bank of America analyst flagged Amazon’s strong holiday execution; useful for macro/consumer context but indirect for BAC stock. This E-Commerce Giant Stood Out This Holiday Season

Bank of America Stock Performance

Shares of BAC stock opened at $55.81 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average price of $53.03 and a 200-day moving average price of $49.98. Bank of America Corporation has a 52 week low of $33.06 and a 52 week high of $56.11. The firm has a market capitalization of $407.56 billion, a PE ratio of 15.21 and a beta of 1.30.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $27.05 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Daiwa Capital Markets raised their price target on Bank of America from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Citigroup raised their price objective on shares of 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 cut shares of Bank of America from a “hold” rating to a “sell” rating in a report on Saturday. Oppenheimer increased their price target on shares of Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Ameriprise Financial upgraded shares of Bank of America to a “buy” rating in a report on Wednesday, October 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.59.

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.