Empirical Asset Management LLC Boosts Stock Position in Bank of America Corporation $BAC

Empirical Asset Management LLC increased its holdings in shares of Bank of America Corporation (NYSE:BAC) by 149.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,399 shares of the financial services provider’s stock after buying an additional 29,635 shares during the period. Empirical Asset Management LLC’s holdings in Bank of America were worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GGM Financials LLC purchased a new position in Bank of America during the third quarter valued at $177,000. Jag Capital Management LLC lifted its stake in Bank of America by 11.2% in the 3rd quarter. Jag Capital Management LLC now owns 10,019 shares of the financial services provider’s stock valued at $517,000 after buying an additional 1,013 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in Bank of America by 6.7% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 291,572 shares of the financial services provider’s stock worth $15,042,000 after buying an additional 18,189 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Bank of America by 11.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 23,278 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 2,386 shares during the last quarter. Finally, North Star Asset Management Inc. raised its holdings in shares of Bank of America by 2.4% during the third quarter. North Star Asset Management Inc. now owns 11,316 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America is committing roughly $25 billion to expand its private‑credit platform — a strategic deployment that could lift fee income and help monetize the bank’s balance sheet if executed well. Bank Of America Expands Private Credit And Premium Services As Valuation Lags
• Positive Sentiment: Merrill is launching a special trading desk and BofA is expanding premium wealth services (including art‑consulting for HNW clients), moves that could deepen client relationships and increase non‑interest income. Merrill Launches Special Trading Desk for Wealthiest Clients
• Neutral Sentiment: Despite recent underperformance vs. the S&P 500, many Wall Street analysts remain constructive on BAC, leaving room for positive analyst‑driven re‑rating if macro pressures ease. Is Bank of America Stock Underperforming the S&P 500?
• Negative Sentiment: Broader bank‑sector weakness from private‑credit market stress has pressured BAC; the market reacted after Blue Owl said it would sell roughly $1.4B of loans to meet redemptions, stoking liquidity and contagion fears across credit funds. Bank Of America Stock Edges Lower As Private Credit Turmoil, Tariff Jitters Weigh On Financials
• Negative Sentiment: Tariff‑related policy uncertainty and slowing economic indicators have put additional pressure on big banks, prompting investor rotation out of financials and contributing to BAC’s decline. Stock Market Today, Feb. 24: Bank of America Slips as Economic Uncertainty Pressures Big Banks

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BAC. Argus lifted their price target on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. The Goldman Sachs Group lifted their target price on shares of Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Royal Bank Of Canada upped their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Daiwa Securities Group decreased their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Twenty-two equities research 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 price target of $60.30.

Bank of America Trading Down 1.2%

Shares of BAC stock opened at $50.43 on Wednesday. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The firm has a market cap of $368.29 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. The company has a 50-day moving average of $54.12 and a two-hundred day moving average of $52.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

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

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, March 6th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

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.