Bank of America Corporation $BAC Stock: Paradigm Asset Management Co. LLC Cuts Stake

Paradigm Asset Management Co. LLC trimmed its position in Bank of America Corporation (NYSE:BAC) by 15.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 69,550 shares of the financial services provider’s stock after selling 13,100 shares during the quarter. Bank of America makes up about 0.9% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 23rd largest holding. Paradigm Asset Management Co. LLC’s holdings in Bank of America were worth $3,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spectrum Planning & Advisory Services Inc. raised its stake in Bank of America by 32.4% during the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 4,964 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 1,215 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Bank of America by 11.3% in the third quarter. Maryland State Retirement & Pension System now owns 396,626 shares of the financial services provider’s stock worth $21,588,000 after purchasing an additional 40,271 shares during the period. Ritholtz Wealth Management boosted its position in shares of Bank of America by 4.7% in the third quarter. Ritholtz Wealth Management now owns 281,594 shares of the financial services provider’s stock worth $15,327,000 after purchasing an additional 12,645 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of Bank of America by 2.9% in the third quarter. Joel Isaacson & Co. LLC now owns 68,239 shares of the financial services provider’s stock worth $3,714,000 after purchasing an additional 1,926 shares during the period. Finally, Jacobi Capital Management LLC increased its stake in shares of Bank of America by 7.0% in the third quarter. Jacobi Capital Management LLC now owns 185,185 shares of the financial services provider’s stock worth $10,080,000 after purchasing an additional 12,096 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BAC has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. TD Cowen dropped their target price on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Wells Fargo & Company cut their price target on Bank of America from $69.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Finally, Keefe, Bruyette & Woods cut their price target on Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Latest Bank of America News

Investors following BAC have been watching these news items:

• Positive Sentiment: A comparison with Wells Fargo says Bank of America has an edge on earnings growth and valuation, though Wells Fargo has stronger recent share performance and return on equity. Read article
• Neutral Sentiment: Bank of America’s market outlook includes caution about crowded trades, while its view that inflation could prompt a larger Federal Reserve rate hike points to potential rate volatility. These are broader market calls, not new BAC-specific financial forecasts. Read article Read article
• Negative Sentiment: Several law firms are publicizing the same securities class action against Bank of America, concerning investors who bought shares from August 1, 2025, through October 13, 2026. The lead-plaintiff deadline is December 15, 2026. The repeated alerts are not evidence of a new ruling, but the allegations and potential legal costs may weigh on sentiment. Read article Read article

Bank of America Trading Down 0.0%

Shares of BAC stock opened at $50.67 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $349.61 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22. The stock’s 50-day moving average price is $54.56 and its 200-day moving average price is $54.87.

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

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is 30.40%.

Bank of America Company Profile

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.