Bank of America Corporation $BAC Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 45.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,232 shares of the financial services provider’s stock after acquiring an additional 33,430 shares during the period. Strategic Planning Group LLC’s holdings in Bank of America were worth $5,481,000 as of its most recent SEC filing.

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

Bank of America News Roundup

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

• Positive Sentiment: Multiple analyst upgrades and price-target raises reflect continued bullish analyst sentiment—HSBC upgraded BAC to “strong-buy.” HSBC upgrade
• Positive Sentiment: TD Cowen raised its price target to $66 and keeps a Buy rating, signaling ~18.6% upside from the current level. TD Cowen price target
• Positive Sentiment: JPMorgan and Goldman Sachs also lifted price targets (JPMorgan to $61; Goldman to $64) and kept favorable ratings—supporting medium-term upside. JPMorgan raise and Goldman Sachs raise
• Positive Sentiment: Wells Fargo increased its BAC price target to $65, another bullish signal from the sell-side. Wells Fargo price target
• Neutral Sentiment: Bank of America set its Q4 2025 earnings release and conference call for Jan. 14 — a near-term catalyst that could swing the stock. Earnings date
• Neutral Sentiment: BofA announced an accounting update for tax-equity investments; analysts and commentary note investors may reassess earnings presentation and valuation implications. Accounting update and Investor take
• Neutral Sentiment: Market commentary and options-flow pieces highlight active positioning in BAC options; this reflects higher trading interest but not a clear directional signal. Options trends
• Negative Sentiment: India’s market regulator (SEBI) has alleged that a BofA unit improperly shared confidential information ahead of a $180M block trade and may have misled investigators — the bank is reportedly seeking a settlement; this raises regulatory/legal risk. India regulator probe and SEBI alleges breach
• Negative Sentiment: Wolfe Research downgraded BAC, adding near-term sell-side skepticism that can amplify selling pressure when combined with regulatory headlines. Wolfe Research downgrade

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BAC shares. JPMorgan Chase & Co. lifted their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Bank of America from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Truist Financial raised their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Daiwa Capital Markets lifted their price target on shares of Bank of America from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given 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 target price of $59.82.

Bank of America Trading Down 2.8%

Shares of NYSE:BAC opened at $55.64 on Thursday. The company has a market cap of $406.28 billion, a PE ratio of 15.16 and a beta of 1.29. The company’s 50-day moving average price is $54.03 and its 200 day moving average price is $50.88. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12.

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

Bank of America Announces Dividend

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

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.