12,555 Shares in Bank of America Corporation $BAC Bought by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC bought a new position in Bank of America Corporation (NYSE:BAC) during the third quarter, according to its most recent filing with the SEC. The firm bought 12,555 shares of the financial services provider’s stock, valued at approximately $683,000.

Other large investors also recently modified their holdings of the company. Legal & General Group Plc bought a new stake in Bank of America during the 2nd quarter valued at $2,571,060,000. Amundi raised its holdings in Bank of America by 12.5% during the first quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock worth $2,066,274,000 after buying an additional 4,721,969 shares during the last quarter. Deutsche Bank AG acquired a new position in Bank of America during the second quarter worth $2,359,172,000. Bank of New York Mellon Corp bought a new position in shares of Bank of America in the second quarter valued at $2,313,953,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bank of America by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock valued at $1,517,599,000 after buying an additional 561,413 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Key Bank of America News

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

• Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Bank of America Trading Up 0.2%

NYSE BAC opened at $49.54 on Monday. The stock has a market capitalization of $341.82 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.87 and a beta of 1.19. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average is $55.24 and its 200-day moving average is $54.89.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The company had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the previous year, the company posted $1.06 EPS. Bank of America’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Bank of America Corporation will post 4.51 EPS for the current year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, December 4th. Bank of America’s payout ratio is presently 30.40%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BAC shares. Citigroup reduced their price objective on shares of Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Phillip Securities upgraded shares of Bank of America to a “strong-buy” rating in a report on Friday, October 16th. TD Cowen lowered their target price on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating on the stock in a report on Thursday, October 15th. Wells Fargo & Company dropped their price target on shares of Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Finally, HSBC assumed coverage on Bank of America in a research note on Monday, September 28th. They set a “buy” rating and a $65.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.48.

About Bank of America

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.