Oregon Public Employees Retirement Fund Buys 212,610 Shares of Bank of America Corporation $BAC

Oregon Public Employees Retirement Fund lifted its position in Bank of America Corporation (NYSE:BAC) by 37.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 778,903 shares of the financial services provider’s stock after purchasing an additional 212,610 shares during the period. Bank of America comprises approximately 0.5% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 26th biggest holding. Oregon Public Employees Retirement Fund’s holdings in Bank of America were worth $40,184,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. raised its holdings in Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Quaker Wealth Management LLC boosted its position in Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 880 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of Bank of America in the 2nd quarter valued at approximately $28,000. Steph & Co. boosted its position in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 379 shares in the last quarter. Finally, CGC Financial Services LLC raised its holdings in Bank of America by 585.4% in the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

BAC has been the subject of several recent analyst reports. Oppenheimer lifted their price target on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Robert W. Baird boosted their price objective on shares of Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Evercore ISI raised their price objective on Bank of America from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average target price of $59.82.

Key Stories 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 and reiterated a Buy, signaling analyst confidence and ~17.5% upside from the recent price, which can support buying interest. TD Cowen Boosts BAC Price Target
• Positive Sentiment: HSBC Global Research upgraded Bank of America from Hold to Strong-Buy, another bullish analyst action that may buoy sentiment and offset some negative headlines. HSBC Upgrade Note
• Neutral Sentiment: Bank of America confirmed it will report Q4 2025 results and host an investor call on Jan. 14 — an upcoming catalyst that could amplify moves depending on earnings, guidance, and commentary on regulatory or capital issues. Q4 Results & Call
• Neutral Sentiment: Bank of America updated its accounting for tax equity investments and is pushing into fixed-income and digital-asset initiatives — strategic moves that investors will watch for earnings and capital effects, but the immediate impact is uncertain. Accounting Update
• Negative Sentiment: India’s markets regulator found that a Bank of America unit shared confidential information ahead of a $180M block trade and alleges misleading responses during the probe; BofA is reportedly seeking to settle without admitting guilt. This raises regulatory, legal and reputational risk that can pressure the stock. India Regulator Finds BofA Shared Confidential Info
• Negative Sentiment: Wolfe Research downgraded Bank of America, adding to negative analyst action that can amplify selling pressure when paired with regulatory headlines. Wolfe Research Downgrade

Bank of America Trading Up 0.9%

Bank of America stock opened at $56.15 on Friday. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55. The firm’s 50 day moving average price is $54.09 and its 200-day moving average price is $50.91. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $410.06 billion, a P/E ratio of 15.30 and a beta of 1.29.

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

Bank of America Dividend Announcement

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

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.