Bank of America Corporation $BAC Stock Holdings Boosted by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC grew its position in shares of Bank of America Corporation (NYSE:BAC) by 40.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 131,881 shares of the financial services provider’s stock after purchasing an additional 37,745 shares during the quarter. Bank of America accounts for 1.1% of Princeton Global Asset Management LLC’s portfolio, making the stock its 22nd largest position. Princeton Global Asset Management LLC’s holdings in Bank of America were worth $6,804,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after purchasing an additional 25,143 shares during the last quarter. Algert Global LLC lifted its stake in Bank of America by 8.6% during the first quarter. Algert Global LLC now owns 22,757 shares of the financial services provider’s stock valued at $950,000 after purchasing an additional 1,800 shares during the last quarter. Quantbot Technologies LP bought a new stake in Bank of America during the first quarter worth approximately $648,000. T. Rowe Price Investment Management Inc. grew its position in Bank of America by 7.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 26,367 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 1,861 shares during the last quarter. Finally, Summit Financial LLC increased its holdings in shares of Bank of America by 27.9% in the first quarter. Summit Financial LLC now owns 102,500 shares of the financial services provider’s stock valued at $4,277,000 after buying an additional 22,374 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Up 1.7%

Shares of NYSE:BAC opened at $55.19 on Friday. The firm has a fifty day moving average of $52.89 and a two-hundred day moving average of $49.82. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $56.07. The firm has a market capitalization of $403.02 billion, a P/E ratio of 15.04 and a beta of 1.30.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.13. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.Bank of America’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. On average, equities analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal 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 issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, December 5th. Bank of America’s payout ratio is currently 30.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised their price objective on Bank of America from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. TD Cowen upped their target price on Bank of America from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Truist Financial lifted their price target on Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday. Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Twenty-three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of America currently has an average rating of “Moderate Buy” and a consensus target price of $58.59.

Key Bank of America News

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

• Positive Sentiment: Analysts expect double‑digit profit growth for BAC in fiscal Q4 2025, setting the bar for an earnings beat that could lift the stock if results and guidance are strong. Read More.
• Positive Sentiment: Investment banking fee momentum (more deals, IPOs and easing rates) is expected to boost BAC’s fee income in 2025–26 — a structural revenue tailwind that supports higher margins and valuation. Read More.
• Positive Sentiment: Oppenheimer raised its price target to $63 and kept an outperform view, signaling stronger analyst conviction and potential upside from upgrades. Analyst upgrades/target raises often support near‑term buying. Read More.
• Positive Sentiment: Truist raised its price target (to $58) and has maintained a buy stance — additional institutional buy ratings are reinforcing positive momentum. Read More.
• Positive Sentiment: Keefe, Bruyette & Woods and other houses have reiterated outperform/buy views, adding to the cluster of favorable analyst coverage that can attract flows. Read More.
• Neutral Sentiment: Zacks notes elevated investor attention on BAC; heightened searches can amplify moves but aren’t directional by themselves. Read More.
• Neutral Sentiment: Bank of America Securities analysts remain active on many names (ratings and notes across sectors); this shows institutional research strength but is indirect for BAC’s price. Read More.
• Negative Sentiment: Bank of America’s own Bull & Bear Indicator flagged that extreme bullishness among fund managers has triggered a contrarian “sell” signal — historically associated with pullbacks, which could cap gains or trigger volatility. Read More.
• Negative Sentiment: MarketWatch coverage highlights that BofA’s sell‑signal has been triggered and discusses historical outcomes, reinforcing risk-averse positioning by some managers and possible outflows. Read More.

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.