Bank of America Corporation $BAC Shares Acquired by Simplicity Wealth LLC

Posted by George Bondi on Oct 25th, 2026

Simplicity Wealth LLC raised its stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 22.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 127,984 shares of the financial services provider’s stock after purchasing an additional 23,254 shares during the period. Simplicity Wealth LLC’s holdings in Bank of America were worth $6,966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc purchased a new position in shares of Bank of America during the 2nd quarter valued at about $2,571,060,000. Amundi grew its stake in shares of Bank of America by 12.5% during the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock valued at $2,066,274,000 after acquiring an additional 4,721,969 shares during the period. Deutsche Bank AG bought a new position in shares of Bank of America during the 2nd quarter valued at approximately $2,359,172,000. Bank of New York Mellon Corp purchased a new stake in Bank of America in the 2nd quarter worth approximately $2,313,953,000. Finally, Dimensional Fund Advisors LP increased its holdings in Bank of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock worth $1,517,599,000 after acquiring an additional 561,413 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance

Shares of Bank of America stock opened at $50.59 on Friday. The company has a market capitalization of $353.78 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.88 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. The stock’s 50-day simple moving average is $57.70 and its 200-day simple moving average is $56.75. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $29.96 billion for the quarter, compared to analysts’ expectations of $30.58 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts expect that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently declared 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 yield of 2.5%. Bank of America’s payout ratio is currently 30.40%.

More Bank of America News

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

Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, or $1.28 annualized, representing a yield of approximately 2.5%. The payout provides ongoing income support for shareholders. Bank of America dividend report
Positive Sentiment: Brokerages’ average price target remains above the current trading range at approximately $62.82, suggesting analysts still see potential upside despite recent target reductions. Bank of America average price target
Neutral Sentiment: Bank of America issued 80,000 shares of new 7.200% Series WW preferred stock. The transaction can strengthen regulatory capital, although the high fixed dividend creates an additional funding cost. Bank of America issues Series WW preferred stock
Neutral Sentiment: The company appointed Jim Fitterling and Bill Thomas to its board, expanding it from 12 to 14 directors. The appointments may improve oversight, but investors have not yet been given a clear financial impact. Bank of America board appointments
Negative Sentiment: Multiple law firms are promoting securities-fraud class actions covering investors who purchased BAC securities between August 1, 2025 and October 13, 2026. The lead-plaintiff deadline is December 15, 2026, increasing headline and potential financial risk. Bank of America securities class action
Negative Sentiment: Analysts cut Bank of America’s FY2026 EPS estimate to $4.35 from $4.55 and FY2027 estimate to $5.15 from $5.22. A separate valuation update reduced fair value to $63.14 from $67.33, reflecting concerns about regulatory penalties and earnings assumptions. Bank of America fair value estimate
Negative Sentiment: Recent earnings fell short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus a $30.58 billion forecast. More than $1.2 billion in anti-money-laundering penalties and renewed questions about CEO Brian Moynihan’s future are adding to investor uncertainty.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. HSBC began coverage on shares of Bank of America in a research note on Monday, September 28th. They set a “buy” rating and a $65.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Phillip Securities upgraded shares of Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. Oppenheimer cut shares of Bank of America from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Citigroup decreased their price objective on shares of Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.82.

Check Out Our Latest Analysis on BAC

Bank of America Profile

(Free Report)

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.