Bank of America Corporation $BAC Stake Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Bank of America Corporation (NYSE:BAC) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,117,968 shares of the financial services provider’s stock after buying an additional 843,738 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Bank of America were worth $728,346,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BAC. Quaker Wealth Management LLC lifted its stake in Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares during the last quarter. Steph & Co. grew its position in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Bank of America in the third quarter valued at approximately $30,000. Collier Financial acquired a new stake in shares of Bank of America in the third quarter valued at approximately $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Bank of America during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the subject of a number of recent analyst reports. CICC Research started coverage on Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Barclays lifted their price objective on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Daiwa Securities Group reduced their price objective on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. TD Cowen lowered their target price on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Finally, Oppenheimer raised their price objective on shares of Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Bank of America Price Performance

Shares of NYSE:BAC opened at $51.71 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $377.63 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The stock has a fifty day moving average of $54.06 and a 200-day moving average of $52.38. Bank of America Corporation has a one year low of $33.06 and a one year high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.Bank of America’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. As a group, equities analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s payout ratio is 29.24%.

Key Bank of America News

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

• Positive Sentiment: Wall Street analysts remain generally constructive on BAC’s longer‑term prospects, which supports upside if sector pressures ease. Read More.
• Neutral Sentiment: Bank of America filed its latest Form 10‑K with the U.K. National Storage Mechanism — a routine disclosure that doesn’t by itself change guidance or earnings expectations. Read More.
• Neutral Sentiment: Coverage notes and analyst activity from BofA Securities across many sectors continue (ratings reiterated on a range of names). These reflect brokerage workflow more than near‑term moves in BAC itself. Read More.
• Negative Sentiment: Private‑credit turmoil—exemplified by large managers selling loans to meet redemptions—has rippled through financials, contributing to a pullback in bank stocks and weighing on BAC. Read More.
• Negative Sentiment: Broader economic and tariff‑related uncertainty has pressured big banks, and BAC’s recent underperformance versus the S&P has amplified selling pressure. Expect volatility until macro signals stabilize. Read More.

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.