46,781 Bank of America Corporation $BAC Shares Sold by Bahl & Gaynor LLC

Bahl & Gaynor LLC cut its holdings in shares of Bank of America Corporation (NYSE:BAC) by 4.0% during the third quarter, Holdings Channel reports. The firm owned 1,132,886 shares of the financial services provider’s stock after selling 46,781 shares during the quarter. Bahl & Gaynor LLC’s holdings in Bank of America were worth $61,663,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY lifted its stake in Bank of America by 45.4% in the second quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock worth $2,336,000 after acquiring an additional 12,794 shares during the last quarter. E Fund Management Co. Ltd. acquired a new position in Bank of America during the 2nd quarter worth approximately $4,089,000. Bernicke Wealth Management Ltd. acquired a new position in Bank of America during the 2nd quarter worth approximately $2,132,000. Aspiriant LLC increased its position in shares of Bank of America by 34.3% in the 3rd quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after purchasing an additional 12,479 shares during the last quarter. Finally, Lakeshore Capital Group Inc. increased its position in shares of Bank of America by 111.8% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 33,642 shares of the financial services provider’s stock valued at $1,831,000 after purchasing an additional 17,759 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Performance

NYSE BAC opened at $50.72 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a market capitalization of $349.95 billion, a PE ratio of 12.05, a P/E/G ratio of 0.89 and a beta of 1.19. The company has a fifty day moving average of $54.78 and a two-hundred day moving average of $54.87.

Bank of America (NYSE:BAC) last posted its 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). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. During the same quarter last year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts expect that Bank of America Corporation will post 4.51 earnings per share for the current year.

Bank of America Announces Dividend

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

Bank of America News Roundup

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

• Neutral Sentiment: Bank of America warned that October inflation could leave the Federal Reserve behind the curve and open the door to a half-point rate hike in December. Higher rates can support bank lending income, but a sharp increase could also weigh on borrowers and the economy. Article: Fed May Be Falling Behind on Inflation
• Negative Sentiment: Several law firms repeated notices about a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The notices largely reiterate the same case, but the litigation and allegations that the bank misled investors add reputational and potential legal-cost risks. Article: Bank of America Shareholder Class Action
• Negative Sentiment: Reports also point to heightened scrutiny over the bank’s anti-money-laundering and sanctions compliance, including Senator Elizabeth Warren’s reported call for a Justice Department criminal probe. Any further investigation could increase legal and reputational risks, though the reports do not establish that a new probe has begun. Article: Bank of America Faces Scrutiny and Class Action
• Negative Sentiment: Berkshire Hathaway may have sold more Bank of America shares in the third quarter, according to clues from a filing. The possible sales could weigh on sentiment, although the article says the portfolio disclosure is still pending. Article: Berkshire Hathaway May Have Sold More Bank of America Stock

Analysts Set New Price Targets

BAC has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Evercore set a $62.00 target price on Bank of America in a report on Thursday, October 1st. UBS Group cut their price target on Bank of America from $67.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. TD Cowen decreased their price target on Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Finally, Citigroup lowered their price objective on Bank of America from $66.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.48.

Bank of America 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.