10,061 Bank of America Corporation $BAC Shares Bought by Foster Victor Wealth Advisors LLC

Posted by Brian Himes on Oct 22nd, 2026

Foster Victor Wealth Advisors LLC boosted its holdings in Bank of America Corporation (NYSE:BAC – Free Report) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,715 shares of the financial services provider’s stock after buying an additional 10,061 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Bank of America were worth $13,289,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. grew its holdings in Bank of America by 3.6% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 168 shares during the last quarter. Orca Wealth Management LLC increased its position in Bank of America by 0.5% in the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock valued at $1,999,000 after acquiring an additional 179 shares during the period. Financial Consulate Inc. raised its stake in shares of Bank of America by 4.0% during the second quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 181 shares during the last quarter. Bedel Financial Consulting Inc. raised its stake in shares of Bank of America by 1.1% during the second quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 184 shares during the last quarter. Finally, GatePass Capital LLC lifted its holdings in shares of Bank of America by 3.6% during the first quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 190 shares during the period. Institutional investors own 70.71% of the company’s stock.

Bank of America Stock Up 0.3%

Bank of America stock opened at $50.81 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The firm has a 50 day moving average price of $58.24 and a two-hundred day moving average price of $56.78. The firm has a market cap of $355.29 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data 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 net margin of 16.80% and a return on equity of 12.15%. The firm had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same period in the prior year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Bank of America Corporation will post 4.54 EPS for the current year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.32 dividend. The ex-dividend date was Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 2.5%. Bank of America’s dividend payout ratio (DPR) is presently 30.40%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BAC shares. UBS Group reduced their price objective on shares of Bank of America from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. HSBC started coverage on Bank of America in a research report on Monday, September 28th. They set a “buy” rating and a $65.00 target price for the company. Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 target price for the company in a research report on Thursday, October 15th. Barclays cut their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Finally, Truist Financial reduced their price target on Bank of America from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus price target of $62.82.

Get Our Latest Stock Analysis on Bank of America

Key Stories Impacting Bank of America

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

Positive Sentiment: Bank of America declared a quarterly common-stock dividend of $0.32 per share, payable December 24 to shareholders of record on December 4. The continued payout supports the investment case for income-oriented shareholders. Bank of America Declares Fourth Quarter 2026 Stock Dividends
Positive Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen oversight and bring further industrial and corporate leadership experience. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
Neutral Sentiment: Bank of America’s wealth-management franchise remains a diversification benefit: Global Wealth and Investment Management generated approximately $1.41 billion in second-quarter net income, or about 16% of company earnings. Bank of America Wealth Business
Negative Sentiment: Multiple law firms announced or promoted securities-fraud investigations and class actions tied to alleged disclosures surrounding Bank of America’s anti-money-laundering compliance issues and a reported $1.2 billion Treasury penalty. The repeated announcements increase reputational and potential litigation risk, although the allegations have not been proven. Lead-plaintiff motions are due December 15, 2026. ROSEN Bank of America Securities Class Action
Negative Sentiment: The latest reported quarter also fell slightly short of expectations, with earnings of $1.08 per share versus a $1.10 consensus and revenue of $29.96 billion versus $30.58 billion. That performance may limit near-term enthusiasm despite year-over-year revenue growth.

About Bank of America

(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.