LSV Asset Management Decreases Holdings in Bank of America Corporation $BAC

LSV Asset Management trimmed its stake in Bank of America Corporation (NYSE:BAC) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,599,866 shares of the financial services provider’s stock after selling 282,853 shares during the quarter. LSV Asset Management owned approximately 0.09% of Bank of America worth $340,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in Bank of America during the second quarter valued at $5,091,641,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Bank of America by 124.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after buying an additional 9,782,208 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in shares of Bank of America during the 2nd quarter worth $202,439,000. OMERS ADMINISTRATION Corp increased its holdings in Bank of America by 881.5% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,210,388 shares of the financial services provider’s stock worth $199,236,000 after acquiring an additional 3,781,417 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Bank of America by 5.2% in the 2nd quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock worth $2,432,516,000 after acquiring an additional 2,557,943 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Zacks notes BAC trades at a discount to peers on price-to-tangible-book, supporting a value/buy thesis for some investors. BAC Trades at a Discount to Industry: Right Time to Buy the Stock?
• Positive Sentiment: An analysis of BAC preferreds highlights they offer interest-rate protection and income options for investors, which can support demand for BAC securities in a volatile rate environment. Bank Of America Preferreds Offer Interest Rate Protection
• Neutral Sentiment: CEO comments at the firm’s conference were characterized as “surprising” by media — the tone and substance are being parsed by investors but aren’t clearly bullish or bearish on their own. Monitor the full remarks for guidance on credit, costs and capital. Bank of America CEO drops surprising view on the economy
• Neutral Sentiment: BAC and Bank of America Securities released several research and conference materials (presentations, transcripts, commodity/energy forecasts) that are shaping sector views but are ancillary to BAC’s core banking earnings. BAC Presents at Bank of America Financial Services Conference 2026 Transcript
• Negative Sentiment: Bank of America’s internal data flagged that the middle class is now feeling economic strain (K-shaped recovery widening), which raises risk of weaker consumer spending and credit performance — a direct concern for BAC’s consumer banking franchise. Bank of America’s internal data show the middle class is now feeling the pain of the K-shaped economy
• Negative Sentiment: Regulatory risk: at the same conference, industry executives warned that a proposed 10% cap on credit-card APRs would sharply curtail credit access and revenue for issuers — a policy risk that would hit BAC’s cards and consumer-lending revenue. Citi Executive Warns Rate Cap Would Kill Credit for Lower-Income Consumers
• Negative Sentiment: BofA Research’s cautionary notes to investors (including warnings about mega-cap “Magnificent Seven” tech stocks) signal a risk-off posture from the firm’s research desk, which can feed broader selling and reduce risk appetite for financials. Bank of America sends harsh warning to Magnificent Seven stocks

Bank of America Stock Performance

NYSE:BAC opened at $53.88 on Thursday. The stock has a market cap of $393.46 billion, a P/E ratio of 14.07, a PEG 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. The business’s 50-day moving average price is $54.49 and its two-hundred day moving average price is $51.98. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55.

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

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s payout ratio is currently 29.24%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup increased their target price on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Argus upped their price target on shares of Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods reduced their price objective on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Ameriprise Financial upgraded Bank of America to a “buy” rating in a research report on Wednesday, October 22nd. Finally, 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 report on Friday, December 12th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

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.