Bank of America Corporation $BAC Stock Holdings Decreased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC decreased its stake in shares of Bank of America Corporation (NYSE:BAC) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,141 shares of the financial services provider’s stock after selling 13,173 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Bank of America were worth $10,480,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. lifted its position in 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 valued at $25,000 after purchasing an additional 227 shares during the last quarter. Quaker Wealth Management LLC grew its position in Bank of America by 246.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 880 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in shares of Bank of America in the second quarter valued at approximately $28,000. Steph & Co. raised its holdings in shares of Bank of America by 224.3% during the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after buying an additional 379 shares during the last quarter. Finally, CGC Financial Services LLC raised its holdings in shares of Bank of America by 585.4% during the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after buying an additional 521 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Several sell-side firms raised price targets and repeated bullish ratings this week (TD Cowen raised its target to $66 with a Buy, Goldman Sachs to $64, JPMorgan to $61, Wells Fargo to $65). Those upgrades have supported demand and helped BAC hit recent highs earlier in the session. Benzinga Goldman Sachs PT Raise MarketScreener
• Positive Sentiment: Coverage and market commentary showed BAC trading up and reaching a 12‑month high following analyst activity, reflecting momentum among institutional buyers. AmericanBankingNews
• Neutral Sentiment: Bank of America confirmed its Q4 2025 results and investor call are scheduled for Jan. 14 — a near-term catalyst where results, guidance and reserve commentary could move the stock. PR Newswire
• Neutral Sentiment: BofA research remains active around AI and semiconductors (naming top chip picks like Nvidia and Broadcom), which highlights the firm’s thematic research strength but is more relevant to industry calls and fee opportunities than immediate BAC earnings. TipRanks – Top Chip Stocks TipRanks – Nvidia Note
• Neutral Sentiment: Analyst commentary and previews (Zacks and others) suggest expectations for modest earnings growth; these previews set the bar for Jan. 14 but don’t imply a definitive beat or miss. Zacks
• Negative Sentiment: Regulatory risk: Reuters reports India’s markets regulator found Bank of America shared material non‑public information ahead of a $180M block trade and misled authorities. That finding raises potential fines, compliance costs and reputational damage — a clear near‑term negative that likely pressured the stock today. Reuters

Analyst Ratings Changes

Several analysts recently commented on the company. Daiwa Capital Markets raised their target price on Bank of America from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Bank of America from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.82.

Bank of America Trading Down 2.8%

Shares of NYSE BAC opened at $55.64 on Thursday. 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 $57.55. The company has a market cap of $406.28 billion, a price-to-earnings ratio of 15.16 and a beta of 1.29. The business has a fifty day simple moving average of $54.03 and a 200-day simple moving average of $50.88.

Bank of America (NYSE:BAC) last posted 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 firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $27.05 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Sell-side analysts predict that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, December 5th. Bank of America’s dividend payout ratio is 30.52%.

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.