Atria Investments Inc Sells 33,636 Shares of Bank of America Corporation $BAC

Atria Investments Inc lowered its stake in shares of Bank of America Corporation (NYSE:BAC) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,876 shares of the financial services provider’s stock after selling 33,636 shares during the quarter. Atria Investments Inc’s holdings in Bank of America were worth $20,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in BAC. Quaker Wealth Management LLC grew its stake in shares of 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 acquiring an additional 880 shares during the last quarter. Steph & Co. boosted its stake in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 379 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in Bank of America during the 3rd quarter valued at about $30,000. Collier Financial bought a new stake in Bank of America during the 3rd quarter valued at about $30,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Bank of America during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America News Summary

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

• Positive Sentiment: Zacks notes BAC trades at a discount to peers on price-to-tangible-book, supporting a value/buy thesis for some investors. BAC Trades at a Discount to Industry: Right Time to Buy the Stock?
• Positive Sentiment: An analysis of BAC preferreds highlights they offer interest-rate protection and income options for investors, which can support demand for BAC securities in a volatile rate environment. Bank Of America Preferreds Offer Interest Rate Protection
• Neutral Sentiment: CEO comments at the firm’s conference were characterized as “surprising” by media — the tone and substance are being parsed by investors but aren’t clearly bullish or bearish on their own. Monitor the full remarks for guidance on credit, costs and capital. Bank of America CEO drops surprising view on the economy
• Neutral Sentiment: BAC and Bank of America Securities released several research and conference materials (presentations, transcripts, commodity/energy forecasts) that are shaping sector views but are ancillary to BAC’s core banking earnings. BAC Presents at Bank of America Financial Services Conference 2026 Transcript
• Negative Sentiment: Bank of America’s internal data flagged that the middle class is now feeling economic strain (K-shaped recovery widening), which raises risk of weaker consumer spending and credit performance — a direct concern for BAC’s consumer banking franchise. Bank of America’s internal data show the middle class is now feeling the pain of the K-shaped economy
• Negative Sentiment: Regulatory risk: at the same conference, industry executives warned that a proposed 10% cap on credit-card APRs would sharply curtail credit access and revenue for issuers — a policy risk that would hit BAC’s cards and consumer-lending revenue. Citi Executive Warns Rate Cap Would Kill Credit for Lower-Income Consumers
• Negative Sentiment: BofA Research’s cautionary notes to investors (including warnings about mega-cap “Magnificent Seven” tech stocks) signal a risk-off posture from the firm’s research desk, which can feed broader selling and reduce risk appetite for financials. Bank of America sends harsh warning to Magnificent Seven stocks

Bank of America Trading Down 2.7%

Shares of NYSE:BAC opened at $53.88 on Thursday. The stock has a 50 day moving average of $54.49 and a 200 day moving average of $51.98. The company has a market cap of $393.46 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BAC. TD Cowen decreased their price objective on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Phillip Securities boosted their price target on Bank of America from $50.00 to $56.00 in a research note on Tuesday, October 21st. Wells Fargo & Company increased their price objective on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Barclays lifted their price objective on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Wall Street Zen cut shares of Bank of America from a “hold” rating to a “sell” rating in a research note on Monday, January 5th. Twenty-two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

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.