Ritholtz Wealth Management Raises Stock Holdings in Bank of America Corporation $BAC

Ritholtz Wealth Management grew its stake in shares of Bank of America Corporation (NYSE:BAC) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,199 shares of the financial services provider’s stock after buying an additional 11,646 shares during the period. Ritholtz Wealth Management’s holdings in Bank of America were worth $10,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAC. TKG Advisors LLC raised its stake in Bank of America by 1.6% during the 3rd quarter. TKG Advisors LLC now owns 25,420 shares of the financial services provider’s stock valued at $1,311,000 after purchasing an additional 395 shares during the period. Fiduciary Wealth Partners LLC bought a new stake in shares of Bank of America during the third quarter valued at approximately $335,000. Alliance Wealth Management Group raised its position in shares of Bank of America by 8.7% during the third quarter. Alliance Wealth Management Group now owns 10,683 shares of the financial services provider’s stock valued at $551,000 after buying an additional 854 shares during the last quarter. Country Trust Bank lifted its holdings in shares of Bank of America by 27.7% in the third quarter. Country Trust Bank now owns 1,826 shares of the financial services provider’s stock worth $94,000 after buying an additional 396 shares in the last quarter. Finally, Davis Rea LTD. boosted its position in shares of Bank of America by 1.8% during the third quarter. Davis Rea LTD. now owns 266,630 shares of the financial services provider’s stock worth $13,755,000 after acquiring an additional 4,793 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Stock Performance

Shares of BAC opened at $52.53 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a market cap of $383.59 billion, a PE ratio of 13.72 and a beta of 1.29. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The stock has a fifty day moving average price of $54.17 and a 200-day moving average price of $51.16.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The business had revenue of $28.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share. Equities research analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, December 5th. Bank of America’s payout ratio is presently 30.52%.

Wall Street Analyst Weigh In

Several analysts have commented on BAC shares. Robert W. Baird boosted their price target on shares of Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Argus lifted their target price on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods dropped their price target on Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday. Wall Street Zen cut Bank of America from a “hold” rating to a “sell” rating in a report on Monday, January 5th. Finally, Daiwa Capital Markets lifted their price objective on Bank of America from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.74.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Q4 beat and upbeat core outlook — BAC posted EPS of $0.98 and revenue above expectations; management sees 5%–7% NII growth in 2026, supporting recurring earnings power. Bank Of America Tops Q4 Estimates As AI Drives Account Growth
• Positive Sentiment: AI/digital efficiency — Management highlighted Erica/AI and automation driving account growth and operating leverage (lower hiring needs), which supports margin expansion over time. Erica, AI and Digital Drive Operating Leverage at Bank of America
• Positive Sentiment: Analyst support — Several firms reaffirmed buys and a few raised price targets (Goldman, Argus), which gives institutional buyers ammunition to add on weakness. Goldman Sachs adjusts price target on Bank of America
• Neutral Sentiment: Mixed analyst moves — some firms trimmed long‑term estimates or nudged targets lower even as ratings stayed constructive; that generates both selling and buy‑on‑dip narratives. These Analysts Revise Their Forecasts On Bank of America After Q4 Earnings
• Neutral Sentiment: Macro/sector context — broader bank‑stock volatility (valuation repricing after 2025 gains) means BAC moves with sector flows even when fundamentals are solid. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Post‑earnings sentiment/positioning — despite the beat, BAC experienced selling as investors focused on parts of the outlook and pocketed gains after a strong run into earnings. Bank of America Falls After Strong Earnings Meet Softer Net-Interest-Income Outlook
• Negative Sentiment: Policy overhang — talk of a possible credit‑card interest‑rate cap and other regulatory moves are a near‑term risk to card revenue and valuation multiple. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Deposit‑flight/stablecoin concerns — CEO warnings that interest‑bearing stablecoins could pull large deposit pools raise systemic concerns about future deposit mixes and lending capacity. Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

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.