Analyst IMS Investment Management Services Ltd. Lowers Stock Holdings in Bank of America Corporation $BAC

Analyst IMS Investment Management Services Ltd. reduced its position in Bank of America Corporation (NYSE:BAC) by 48.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,317 shares of the financial services provider’s stock after selling 25,965 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Bank of America were worth $1,409,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after acquiring an additional 25,143 shares in the last quarter. Quarry LP purchased a new stake in Bank of America during the 1st quarter worth about $512,000. First Financial Bankshares Inc increased its holdings in Bank of America by 14.7% during the 1st quarter. First Financial Bankshares Inc now owns 1,663,914 shares of the financial services provider’s stock worth $69,435,000 after purchasing an additional 213,731 shares during the period. Focus Partners Advisor Solutions LLC raised its position in Bank of America by 12.0% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 136,846 shares of the financial services provider’s stock valued at $5,710,000 after purchasing an additional 14,612 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Bank of America in the 1st quarter valued at about $152,098,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Trading Down 1.5%

Shares of Bank of America stock opened at $55.30 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $53.51 and a 200-day simple moving average of $50.37. The stock has a market cap of $403.83 billion, a price-to-earnings ratio of 15.07 and a beta of 1.30. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $56.54.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $27.05 billion. During the same period in the previous year, the company earned $0.81 earnings per share. Bank of America’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts forecast 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 was paid on Friday, December 26th. Stockholders of record on Friday, December 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s payout ratio is presently 30.52%.

Bank of America News Summary

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

• Positive Sentiment: CEO Brian Moynihan said he expects tariff pressure to ease next year, which reduces an important macro risk for banks and could support corporate activity and loan demand for Bank of America (BAC). Article Title
• Positive Sentiment: Keefe Bruyette raised its price target on Bank of America to $64 (from $58) and kept an Outperform rating after meetings with management — a direct, bullish analyst signal for BAC. Article Title
• Positive Sentiment: Industry momentum: large U.S. banks rallied strongly through 2025, reflecting improving margins and rate environments that helped BAC’s earnings outlook. That sector strength is supportive for BAC’s stock performance. Article Title
• Neutral Sentiment: Bank of America research and strategists remain active on macro themes (gold, FX, commodities) that influence asset flows but are indirect for near‑term BAC earnings. Article Title
• Neutral Sentiment: Coverage updates and pitches listing BAC among “cash‑rich” or buyable large banks increase visibility but have mixed immediate price impact. Article Title
• Negative Sentiment: Valuation caution: some analysts/commentary note BAC is “priced for” strong execution and the stock may have limited upside absent beats — a warning for investors after recent gains. Article Title

Analyst Ratings Changes

A number of analysts recently weighed in on BAC shares. Seaport Global Securities upped their target price on shares of Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. TD Cowen boosted their price target on shares of Bank of America from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wolfe Research raised their price objective on shares of Bank of America from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Piper Sandler lifted their price objective on shares of Bank of America from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a report on Sunday. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and an average target price of $58.59.

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.