Capricorn Fund Managers Ltd Takes $1.13 Million Position in Bank of America Corporation $BAC

Capricorn Fund Managers Ltd acquired a new stake in Bank of America Corporation (NYSE:BAC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,920 shares of the financial services provider’s stock, valued at approximately $1,131,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. lifted its position in shares of Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 227 shares during the period. Quaker Wealth Management LLC raised 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 worth $25,000 after buying an additional 880 shares in the last quarter. RMG Wealth Management LLC bought a new position in Bank of America in the second quarter worth approximately $28,000. Steph & Co. lifted its holdings in Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the period. Finally, CGC Financial Services LLC boosted its position in Bank of America by 585.4% during the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 521 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Price Performance

Shares of BAC stock opened at $56.20 on Friday. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $56.55. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $410.36 billion, a price-to-earnings ratio of 15.31 and a beta of 1.30. The stock’s 50-day simple moving average is $53.45 and its 200-day simple moving average is $50.26.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 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 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 revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. As a group, equities analysts forecast 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 issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. Bank of America’s payout ratio is 30.52%.

Bank of America News Summary

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

• Positive Sentiment: Analysts collectively rate BAC as a “Moderate Buy,” supporting demand from institutional investors and reinforcing bullish sentiment. Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several retail-investor pieces argue BAC is a buy/hold for 2026, citing market-share opportunities (weak regional banks), growing consumer banking and investment services, and scale advantages that can lift earnings. Is Bank of America Stock a Buy, Sell, or Hold in 2026?
• Positive Sentiment: Analysis suggests BAC’s NII trough may be passing, which would support margin recovery if loan volumes and yields stabilize — a potential catalyst for earnings upside. Bank of America: The NII Trough May Be A Turning Point
• Positive Sentiment: Price‑target/forecast pieces note strong YTD performance and recovery from 2025 lows, offering bullish medium‑term projections that can support investor confidence. Bank of America (NYSE: BAC) Stock Price Prediction and Forecast 2026-2030 (January 2026)
• Neutral Sentiment: Unusual options activity has been reported on BAC — signals elevated positioning but ambiguous on direction; watch for large block trades or concentrated strikes that could drive short-term moves. Bank of America Unusual Options Activity
• Neutral Sentiment: Analyst blogs comparing big banks (Wells, BAC, Citi) note these lenders stand to benefit from eventual Fed rate cuts via loan growth and fee income — a tailwind that’s timing‑dependent. The Zacks Analyst Blog Wells Fargo, Bank of America and Citigroup
• Neutral Sentiment: Company consumer-research (Gen Z “treat culture”) and media coverage are informative for card/consumer spend trends but are unlikely to move the stock materially on their own. Gen Z spends hundreds a month on ‘treat culture,’ justifying it with the challenges of daily life—but that’s a ‘slippery slope,’ Bank of America says
• Neutral Sentiment: Broader fintech/market moves (e.g., Robinhood product pushes) are mentioned in industry coverage and can shift payment or custody fee dynamics over time, but immediate impact on BAC is uncertain. Robinhood’s NFL Parlay Push Could Turn Prediction Markets Into a Real Revenue Engine (BAC)

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAC. Wolfe Research boosted their price target on Bank of America from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Robert W. Baird lifted their target price on Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Piper Sandler boosted their target price on shares of Bank of America from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. raised their price target on shares of Bank of America from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bank of America from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.59.

About Bank of America

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.