Bank of America Corporation $BAC Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in Bank of America Corporation (NYSE:BAC) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,605,657 shares of the financial services provider’s stock after purchasing an additional 1,390,289 shares during the period. Fisher Asset Management LLC owned approximately 0.88% of Bank of America worth $3,298,766,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Turim 21 Investimentos Ltda. acquired a new stake in shares of Bank of America in the 2nd quarter worth about $25,000. Cherry Tree Wealth Management LLC lifted its position in Bank of America by 167.6% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Principia Wealth Advisory LLC lifted its position in Bank of America by 69.9% in the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 218 shares in the last quarter. Balance Wealth Partners LLC acquired a new position in Bank of America during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Bank of America during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance

Shares of NYSE:BAC opened at $50.56 on Friday. The company has a market capitalization of $348.87 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. The company’s 50-day moving average is $54.31 and its 200 day moving average is $54.86. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22.

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

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

Bank of America News Summary

Here’s some of the latest news about BAC:

• Neutral Sentiment: The bank was named the official bank of West Palm Beach’s CityPlace under a multiyear partnership involving events, financial-wellness programming, and a planned retail presence. This may support brand visibility, though no financial contribution was disclosed. Related Ross Names Bank of America Official Bank of CityPlace
• Negative Sentiment: Several law firms reiterated that a securities class action has been filed against Bank of America concerning investors who bought shares between August 1, 2025, and October 13, 2026; the lead-plaintiff deadline is December 15, 2026. The notices are not findings of wrongdoing, but the litigation creates uncertainty. Rosen Law Firm Investor Notice
• Negative Sentiment: Bank of America is also reportedly set to settle a lawsuit alleging thousands of unauthorized accounts were opened from 2012 to 2023. The article did not disclose settlement terms, leaving the potential financial and reputational impact unclear. BofA to Settle Fake-Accounts Lawsuit

Analyst Ratings Changes

A number of analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Jefferies Financial Group dropped their target price on Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Phillip Securities raised Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. UBS Group set a $62.00 price target on Bank of America and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays decreased their price target on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.48.

About Bank of America

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.