Bank of America Corporation $BAC Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Bank of America Corporation (NYSE:BAC) by 3.2% during the third quarter, Holdings Channel.com reports. The fund owned 5,772,087 shares of the financial services provider’s stock after selling 187,962 shares during the period. Bank of America comprises approximately 1.6% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 10th biggest position. Fort Washington Investment Advisors Inc. OH’s holdings in Bank of America were worth $297,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Permanent Capital Management LP purchased a new stake in shares of Bank of America in the 3rd quarter valued at $649,000. Boston Common Asset Management LLC grew its position in Bank of America by 10.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock valued at $12,288,000 after acquiring an additional 24,740 shares in the last quarter. Disciplined Investments LLC purchased a new stake in Bank of America during the second quarter worth about $217,000. Sunbeam Capital Management LLC increased its stake in Bank of America by 7.3% during the second quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 439 shares during the period. Finally, CCG Wealth Management LLC acquired a new stake in shares of Bank of America during the second quarter worth about $287,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BAC. Wall Street Zen upgraded shares of Bank of America from a “sell” rating to a “hold” rating in a report on Sunday. Keefe, Bruyette & Woods raised their price target on shares of Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Wolfe Research boosted their price target on shares of Bank of America from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Erste Group Bank upgraded Bank of America from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Piper Sandler lifted their target price on Bank of America from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $58.59.

Bank of America Stock Performance

Shares of BAC stock opened at $55.30 on Tuesday. The company has a market cap of $403.83 billion, a P/E ratio of 15.07 and a beta of 1.30. The firm has a fifty day moving average price of $53.51 and a 200 day moving average price of $50.37. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $56.54.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $27.05 billion. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.Bank of America’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. Sell-side analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America’s payout ratio is presently 30.52%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: CEO Brian Moynihan said he expects tariff pressure to ease next year, which reduces an important macro risk for banks and could support corporate activity and loan demand for Bank of America (BAC). Article Title
• Positive Sentiment: Keefe Bruyette raised its price target on Bank of America to $64 (from $58) and kept an Outperform rating after meetings with management — a direct, bullish analyst signal for BAC. Article Title
• Positive Sentiment: Industry momentum: large U.S. banks rallied strongly through 2025, reflecting improving margins and rate environments that helped BAC’s earnings outlook. That sector strength is supportive for BAC’s stock performance. Article Title
• Neutral Sentiment: Bank of America research and strategists remain active on macro themes (gold, FX, commodities) that influence asset flows but are indirect for near‑term BAC earnings. Article Title
• Neutral Sentiment: Coverage updates and pitches listing BAC among “cash‑rich” or buyable large banks increase visibility but have mixed immediate price impact. Article Title
• Negative Sentiment: Valuation caution: some analysts/commentary note BAC is “priced for” strong execution and the stock may have limited upside absent beats — a warning for investors after recent gains. Article Title

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.