SBI Securities Co. Ltd. Has $3.73 Million Stake in Bank of America Corporation $BAC

SBI Securities Co. Ltd. trimmed its holdings in shares of Bank of America Corporation (NYSE:BAC) by 38.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 72,373 shares of the financial services provider’s stock after selling 45,728 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Bank of America were worth $3,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAC. William B. Walkup & Associates Inc. grew its stake in shares of Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 192 shares during the period. Albion Financial Group UT lifted its stake in Bank of America by 1.6% in the third quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock valued at $672,000 after buying an additional 205 shares during the period. Motive Wealth Advisors boosted its holdings in Bank of America by 3.6% during the third quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after buying an additional 205 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of Bank of America by 2.5% during the 3rd quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock worth $439,000 after buying an additional 205 shares during the period. Finally, Wynn Capital LLC increased its stake in shares of Bank of America by 0.4% in the 3rd quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock valued at $2,428,000 after acquiring an additional 207 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America is reported to be revamping its credit-card product lineup with an AI-driven refresh aimed at boosting consumer profitability and keeping cards competitive; investors often view card product upgrades and steady dividends as incremental revenue and margin positives for big banks. AI‑Driven Card Revamp and Steady Dividends
• Positive Sentiment: Bank of America announced the full redemption of its Series DD preferred stock, removing that claim on capital and modestly simplifying the bank’s capital structure — a move that can be neutral-to-positive for common shareholders by reducing preferred dividend obligations. Series DD Redemption
• Neutral Sentiment: Chief Investment Strategist Michael Hartnett’s call that mid‑caps are the preferred play ahead of U.S. midterms (versus mega-cap tech) is coming from BoA research — useful for market positioning and likely to influence client flows but not an immediate driver of BAC’s fundamentals. Hartnett on Midcaps
• Neutral Sentiment: Bank of America Securities published several analyst ratings on other companies today (routine sell‑side activity); this highlights the scale of BoA’s research business but is unlikely to move BAC shares directly. BofA Securities Analyst Notes
• Negative Sentiment: BoA research issued a blunt warning about the dollar’s next move — FX volatility or a stronger dollar can pressure trading revenues, corporate FX flows and market sentiment, adding an element of risk for bank revenues tied to markets activity. Dollar Warning
• Negative Sentiment: Reuters reports banks (including big U.S. banks) ramped up lobbying spend — while expected, higher regulatory engagement can signal greater policy risk and incremental costs for large banks. Increased Lobbying Spend

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Phillip Securities raised their price objective on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada raised their price target on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Dbs Bank upgraded Bank of America to a “moderate buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, January 27th. Finally, Daiwa Capital Markets cut their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Bank of America Stock Performance

Shares of BAC stock opened at $54.97 on Friday. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The company’s fifty day simple moving average is $54.32 and its 200-day simple moving average is $51.74. The firm has a market cap of $401.43 billion, a PE ratio of 14.35, a P/E/G ratio of 1.35 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. Equities research analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. Bank of America’s payout ratio is 29.24%.

Bank of America Company 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.