Ingalls & Snyder LLC Lowers Stock Holdings in Bank of America Corporation $BAC

Ingalls & Snyder LLC trimmed its holdings in Bank of America Corporation (NYSE:BAC) by 15.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,878 shares of the financial services provider’s stock after selling 30,898 shares during the quarter. Ingalls & Snyder LLC’s holdings in Bank of America were worth $8,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BAC. Brighton Jones LLC boosted its stake in Bank of America by 30.0% during the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after buying an additional 25,143 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 6,174 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Bank of America by 6.0% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 12,476 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 701 shares during the last quarter. Balboa Wealth Partners purchased a new position in shares of Bank of America in the second quarter valued at $385,000. Finally, Bogart Wealth LLC increased its position in Bank of America by 20.8% in the second quarter. Bogart Wealth LLC now owns 2,631 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America News Summary

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

• Positive Sentiment: Bank of America’s research surveys on AI spending, corporate capex and dollar sentiment are getting broad coverage, reinforcing BAC’s role as a market influencer — this visibility can support trading and fee businesses tied to research and advisory. AI Spending Bubble Fear Just Hit An All-Time High, BofA Survey Shows
• Positive Sentiment: CEO Brian Moynihan’s public comments downplaying AI-driven job losses position management as constructive on technology adoption — that can reassure investors focused on execution and the bank’s technology strategy. Brian Moynihan isn’t so worried about an AI jobs bloodbath
• Neutral Sentiment: Bank of America disclosed it crossed a >5% ownership threshold in biotech Galapagos NV — a notable portfolio move that may reflect the firm’s principal-investment activity but isn’t directly tied to core banking earnings. Bank of America Lifts Stake in Galapagos Above 5% Transparency Threshold
• Neutral Sentiment: Analytical coverage of BAC valuation and mixed momentum may keep the stock range-bound — analysts and outlets are reassessing multiples even after recent earnings beats. Assessing Bank Of America (BAC) Valuation As Recent Returns Show Mixed Momentum
• Negative Sentiment: Warren Buffett’s Berkshire Hathaway trimmed its stake in Bank of America in the latest quarter — a high-profile reduction can sap confidence among some investors and put modest selling pressure on the shares. Berkshire Pares Stakes in Apple and BofA, Adds New York Times Position
• Negative Sentiment: Coverage that big-bank CEOs (including BAC’s) received pay increases after 2025 performance may raise governance scrutiny among investors focused on compensation and returns. Big Bank CEOs received serious pay bumps in 2025 Bank of America CEO Brian Moynihan sees compensation rise

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their price target on shares of Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. HSBC upped their price objective on Bank of America from $55.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Robert W. Baird increased their price target on Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Truist Financial dropped their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

Bank of America Price Performance

NYSE BAC opened at $52.67 on Wednesday. The firm’s 50 day moving average price is $54.38 and its 200-day moving average price is $52.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $384.62 billion, a PE ratio of 13.75, a P/E/G ratio of 1.28 and a beta of 1.29. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55.

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

Bank of America Announces Dividend

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

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.