Applied Finance Capital Management LLC Has $23.78 Million Stake in Bank of America Corporation $BAC

Applied Finance Capital Management LLC cut its position in shares of Bank of America Corporation (NYSE:BAC) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 460,978 shares of the financial services provider’s stock after selling 82,508 shares during the quarter. Bank of America comprises about 1.7% of Applied Finance Capital Management LLC’s holdings, making the stock its 22nd largest position. Applied Finance Capital Management LLC’s holdings in Bank of America were worth $23,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position 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 acquiring an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 6,174 shares during the period. Meritage Portfolio Management bought a new stake in Bank of America in the second quarter worth approximately $211,000. M3 Advisory Group LLC increased its holdings in Bank of America by 5.3% in the second quarter. M3 Advisory Group LLC now owns 15,056 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 762 shares in the last quarter. Finally, Almanack Investment Partners LLC. lifted its stake in Bank of America by 16.1% in the second quarter. Almanack Investment Partners LLC. now owns 6,745 shares of the financial services provider’s stock valued at $319,000 after buying an additional 936 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Management kept the quarterly dividend at $0.28 and recent quarterly results showed an EPS beat and revenue growth, reinforcing income and earnings stability for the stock. Bank of America (BAC) Maintains Dividend Amid Strong Earnings and Moderate Outlook
• Positive Sentiment: Analyst activity turned constructive: a published price-target raise to $57.00 and at least one upgrade pushed sentiment higher recently, which supported gains before today. Bank of America (NYSE:BAC) Price Target Raised to $57.00
• Neutral Sentiment: Bank of America Securities continued active coverage and model updates on other companies (e.g., Uber) — these are evidence of the firm’s research reach but are not direct drivers of BAC’s fundamentals. Bank of America resets Uber stock price after earnings
• Neutral Sentiment: Multiple BofA Securities notes (TipRanks roundups) reiterated ratings on several unrelated companies; these reflect routine research flow and have limited direct impact on BAC’s valuation. Nexa Resources: Weaker 2026–2028 Production… (example BofA research)
• Negative Sentiment: A Bank of America research note highlighted a “really big” risk to the bond market — slowing rebalancing flows that could reduce bond demand. That dynamic can hurt fixed-income trading and underwriting revenue for banks and increase volatility, weighing on BAC’s outlook. Bank of America flags a really big risk to bonds — the stock market

Wall Street Analyst Weigh In

Several brokerages have recently commented on BAC. Royal Bank Of Canada raised their price objective on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Piper Sandler raised their price target on shares of Bank of America from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Daiwa Securities Group decreased their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. HSBC increased their price objective on shares of Bank of America from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Trading Down 0.2%

BAC opened at $56.43 on Tuesday. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The firm has a market capitalization of $412.08 billion, a PE ratio of 14.73, a P/E/G ratio of 1.38 and a beta of 1.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day moving average is $54.45 and its 200 day moving average is $51.92.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, research analysts predict that Bank of America Corporation will post 3.7 earnings per share 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. Investors of record on Friday, March 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is presently 29.24%.

Bank of America 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.