New York State Teachers Retirement System Sells 43,099 Shares of Bank of America Corporation $BAC

New York State Teachers Retirement System trimmed its position in Bank of America Corporation (NYSE:BAC) by 0.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,377,691 shares of the financial services provider’s stock after selling 43,099 shares during the period. Bank of America makes up about 0.5% of New York State Teachers Retirement System’s holdings, making the stock its 25th largest holding. New York State Teachers Retirement System’s holdings in Bank of America were worth $277,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Albion Financial Group UT boosted its holdings in Bank of America by 1.6% during the third quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 205 shares during the period. Motive Wealth Advisors lifted its position in shares of 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 purchasing an additional 205 shares during the last quarter. Howard Financial Services LTD. boosted its position in shares of Bank of America by 2.5% in the third quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 205 shares during the period. Wynn Capital LLC grew its position in Bank of America by 0.4% during the third quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 207 shares in the last quarter. Finally, Accelerate Investment Advisors LLC increased its position in shares of Bank of America by 4.7% during the third quarter. Accelerate Investment Advisors LLC now owns 4,637 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 207 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: TD Cowen raised its price target on BAC to $66, which supports upside thesis and signals some analysts see more runway for the shares. TD Cowen Boosts Bank of America Price Target
• Positive Sentiment: HSBC upgraded BAC from Hold to Strong‑Buy, adding institutional endorsement that counters some negative headlines. Hsbc Global Res Upgrade (Zacks)
• Neutral Sentiment: Wall Street previews and Q4 previews expect solid EPS and loan growth but flag metrics to watch (NIMs, credit, fees) into the report — these set expectations that could amplify moves on the actual print. BAC Q4 Earnings Preview (Zacks)
• Neutral Sentiment: Bank of America announced accounting guidance changes for tax‑equity investments and is pushing into fixed‑income & digital‑asset services — strategic shifts that investors will watch for revenue mix and capital impact. Accounting Update for Tax Equity Investments Fixed-Income/Digital Asset Push (Yahoo)
• Neutral Sentiment: Corporate/community news: BofA awarded $1M to rebuild a YMCA — positive PR but immaterial to near‑term earnings. BofA $1M Grant to Rebuild YMCA
• Neutral Sentiment: BofA bought ~200k shares of India’s MTAR in a bulk deal — showing the bank’s trading/investment activity but not directly affecting BAC fundamentals. BofA Buys MTAR Shares (Economic Times)
• Negative Sentiment: India’s regulator (SEBI) and related reports allege BofA shared confidential information ahead of a $180M block trade and misled investigators; the bank is reportedly seeking to settle. This regulatory/legal risk is the main downward catalyst — it could lead to fines, settlements or reputational damage that worry investors. India Regulator Finds BofA Shared Confidential Info (Reuters) SEBI Alleges Breach in 2024 Deal (Economic Times)
• Negative Sentiment: Wolfe Research downgraded BAC to a Hold — a haircut from a respected shop that can pressure the stock by reducing demand from some institutional buyers. Wolfe Research Downgrade

Bank of America Stock Performance

BAC stock opened at $55.81 on Friday. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. 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 market cap of $407.52 billion, a P/E ratio of 15.21 and a beta of 1.29. The business’s fifty day moving average is $54.14 and its 200-day moving average is $51.01.

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

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Bank of America’s payout ratio is currently 30.52%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BAC shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Oppenheimer lifted their price target on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Citigroup increased their price objective on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Thursday, October 30th. Finally, UBS Group increased their price target on shares of Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.82.

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.