Bank of America Corporation $BAC Stock: Mondrian Investment Partners LTD Cuts Stake

Mondrian Investment Partners LTD trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 46.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,296,153 shares of the financial services provider’s stock after selling 1,118,765 shares during the period. Bank of America accounts for approximately 1.5% of Mondrian Investment Partners LTD’s holdings, making the stock its 24th biggest position. Mondrian Investment Partners LTD’s holdings in Bank of America were worth $70,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in shares of Bank of America in the second quarter valued at approximately $2,571,060,000. Deutsche Bank AG bought a new stake in shares of Bank of America during the second quarter valued at approximately $2,359,172,000. Bank of New York Mellon Corp acquired a new position in shares of Bank of America during the second quarter worth approximately $2,313,953,000. Amundi boosted its position in shares of Bank of America by 12.5% during the first quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock worth $2,066,274,000 after buying an additional 4,721,969 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Bank of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock worth $1,517,599,000 after buying an additional 561,413 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

BAC has been the topic of several analyst reports. Citigroup lowered their target price on Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Barclays cut their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Robert W. Baird upgraded Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price target for the company in a research report on Thursday, October 15th. Jefferies Financial Group decreased their price target on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. lowered their price target on Bank of America from $68.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.82.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, or $1.28 annualized, representing a yield of approximately 2.5%. The payout provides ongoing income support for shareholders. Bank of America dividend report
• Positive Sentiment: Brokerages’ average price target remains above the current trading range at approximately $62.82, suggesting analysts still see potential upside despite recent target reductions. Bank of America average price target
• Neutral Sentiment: Bank of America issued 80,000 shares of new 7.200% Series WW preferred stock. The transaction can strengthen regulatory capital, although the high fixed dividend creates an additional funding cost. Bank of America issues Series WW preferred stock
• Neutral Sentiment: The company appointed Jim Fitterling and Bill Thomas to its board, expanding it from 12 to 14 directors. The appointments may improve oversight, but investors have not yet been given a clear financial impact. Bank of America board appointments
• Negative Sentiment: Multiple law firms are promoting securities-fraud class actions covering investors who purchased BAC securities between August 1, 2025 and October 13, 2026. The lead-plaintiff deadline is December 15, 2026, increasing headline and potential financial risk. Bank of America securities class action
• Negative Sentiment: Analysts cut Bank of America’s FY2026 EPS estimate to $4.35 from $4.55 and FY2027 estimate to $5.15 from $5.22. A separate valuation update reduced fair value to $63.14 from $67.33, reflecting concerns about regulatory penalties and earnings assumptions. Bank of America fair value estimate
• Negative Sentiment: Recent earnings fell short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus a $30.58 billion forecast. More than $1.2 billion in anti-money-laundering penalties and renewed questions about CEO Brian Moynihan’s future are adding to investor uncertainty.

Bank of America Trading Down 1.0%

Shares of NYSE:BAC opened at $50.59 on Friday. The company has a 50 day moving average of $57.70 and a 200-day moving average of $56.75. The firm has a market cap of $353.78 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.88 and a beta of 1.21. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (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 company had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter last year, the business earned $1.06 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. As a group, analysts anticipate that Bank of America Corporation will post 4.52 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America’s dividend payout ratio is 30.40%.

Bank of America Company Profile

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.