Vestor Capital LLC increased its stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 20,608.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 106,235 shares of the financial services provider’s stock after acquiring an additional 105,722 shares during the quarter. Vestor Capital LLC’s holdings in Bank of America were worth $5,782,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of Bank of America in the 2nd quarter worth $2,571,060,000. Deutsche Bank AG acquired a new position in shares of Bank of America during the 2nd quarter valued at about $2,359,172,000. Bank of New York Mellon Corp acquired a new position in shares of Bank of America during the 2nd quarter valued at about $2,313,953,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Bank of America in the second quarter valued at about $939,807,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Bank of America in the second quarter valued at about $916,398,000. Institutional investors and hedge funds own 70.71% of the company’s stock.
Bank of America Stock Up 2.3%
Shares of NYSE:BAC opened at $50.57 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $348.95 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The firm’s 50-day moving average is $55.01 and its two-hundred day moving average is $54.88. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22.
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 the consensus estimate 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 business had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. During the same period in the previous year, the business posted $1.06 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts predict that Bank of America Corporation will post 4.51 EPS for the current year.
Bank of America Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s dividend payout ratio is currently 30.40%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on BAC shares. Phillip Securities upgraded shares of Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. Royal Bank Of Canada decreased their target price on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Monday, October 19th. UBS Group cut their price target on shares of Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, Barclays cut their price target on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.48.
Read Our Latest Report on Bank of America
Key Headlines Impacting Bank of America
Here are the key news stories impacting Bank of America this week:
- Neutral Sentiment: Bank of America’s inflation forecast—monthly headline and core CPI increases of about 0.2%—could reinforce expectations of a December Federal Reserve rate hike. The effect on BAC is uncertain, as higher rates can support lending revenue but may also weigh on borrowers and funding costs. October inflation outlook
- Neutral Sentiment: A filing may indicate Berkshire Hathaway sold more BAC shares in the third quarter, but the report describes this as a possibility, not a confirmed sale. If verified, selling could add pressure to the stock. Berkshire Hathaway holdings report
- Negative Sentiment: Several law firms publicized a securities class action against Bank of America for investors who bought shares from August 1, 2025, through October 13, 2026. The suit alleges securities-law violations; December 15, 2026, is the deadline to seek a lead-plaintiff role. The allegations are not proven, but the case adds potential legal costs and uncertainty. Kaplan Fox class action notice
- Negative Sentiment: Separate coverage says Senator Elizabeth Warren is urging a DOJ criminal probe related to the bank’s anti-money-laundering and sanctions-law violations. Further investigation could increase regulatory, legal, and reputational risks. Report on regulatory scrutiny
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.
Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.
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