Bank of America Corporation $BAC Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its position in shares of Bank of America Corporation (NYSE:BAC) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 386,102 shares of the financial services provider’s stock after selling 22,509 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Bank of America were worth $19,919,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Bank of America by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock worth $6,982,863,000 after purchasing an additional 403,652 shares during the last quarter. Norges Bank bought a new stake in Bank of America during the second quarter worth approximately $5,091,641,000. Fisher Asset Management LLC grew its position in Bank of America by 5.2% in the second quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock worth $2,432,516,000 after buying an additional 2,557,943 shares during the last quarter. Amundi increased its holdings in shares of Bank of America by 3.7% in the first quarter. Amundi now owns 39,233,293 shares of the financial services provider’s stock valued at $1,637,205,000 after buying an additional 1,413,313 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Bank of America by 124.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after acquiring an additional 9,782,208 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Trading Down 1.5%

Shares of NYSE:BAC opened at $55.30 on Tuesday. The firm has a fifty day moving average of $53.51 and a two-hundred day moving average of $50.37. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $56.54. The firm has a market capitalization of $403.83 billion, a P/E ratio of 15.07 and a beta of 1.30.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $27.05 billion. During the same period last 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 expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is presently 30.52%.

Key Bank of America News

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

Wall Street Analyst Weigh In

BAC has been the topic of a number of recent research reports. Seaport Global Securities lifted their target price on Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Argus upped their price objective on shares of Bank of America from $53.00 to $58.00 in a research note on Friday, October 17th. Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research report on Sunday. Morgan Stanley cut their price target on shares of Bank of America from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Finally, Barclays raised their price objective on shares of Bank of America from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.