AE Wealth Management LLC Acquires 93,274 Shares of Bank of America Corporation $BAC

AE Wealth Management LLC lifted its holdings in shares of Bank of America Corporation (NYSE:BAC) by 10.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 954,609 shares of the financial services provider’s stock after purchasing an additional 93,274 shares during the quarter. AE Wealth Management LLC’s holdings in Bank of America were worth $49,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAC. Brighton Jones LLC grew its holdings in shares of Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after purchasing an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Bank of America by 40.5% during the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 6,174 shares during the period. Chicago Capital LLC lifted its position in Bank of America by 2.3% during the second quarter. Chicago Capital LLC now owns 20,410 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 451 shares during the period. Powers Advisory Group LLC grew its stake in Bank of America by 7.3% during the second quarter. Powers Advisory Group LLC now owns 9,798 shares of the financial services provider’s stock worth $464,000 after buying an additional 668 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. increased its holdings in Bank of America by 58.8% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 161,960 shares of the financial services provider’s stock valued at $7,664,000 after buying an additional 60,000 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Bank of America Trading Down 0.7%

NYSE BAC opened at $51.82 on Thursday. The company has a market cap of $378.44 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average is $54.08 and its 200 day moving average is $51.47.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BAC shares. Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Ameriprise Financial upgraded shares of Bank of America to a “buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res raised Bank of America from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods decreased their price target on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Finally, CICC Research initiated coverage on Bank of America in a research report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Key Bank of America News

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

• Positive Sentiment: MarketBeat highlights BAC’s low P/E and multiple analyst buy calls pointing to roughly 20–25% upside, arguing the recent pullback looks macro-driven and that the stock’s valuation is increasingly attractive to buy‑the‑dip investors. Read More.
• Positive Sentiment: Short interest fell materially in January (about a 12.4% drop vs. Dec), leaving a low short-float (~1.1%) and a short-interest ratio ~1.8 days — less short pressure can reduce downside volatility and supports mean reversion.
• Positive Sentiment: BofA disclosed an increased stake in Flutter Entertainment, signaling active capital deployment and potential upside from strategic investments outside core banking operations. Read More.
• Neutral Sentiment: BofA will match a U.S. government pilot $1,000 contribution to “Trump Accounts” for eligible employees per an internal memo — an HR/benefits item with limited direct financial impact but potential reputational consideration. Read More.
• Neutral Sentiment: BofA research remains active (notes on Meta, Seagate, AI supply chain names). Analyst activity supports trading flow but these are research calls rather than company fundamentals. Read More.
• Negative Sentiment: Some analysts trimmed near-term price targets while keeping bullish ratings — headlines saying targets were cut (even modestly) can sap momentum and justify short-term selling. Read More.
• Negative Sentiment: BofA’s own Bull & Bear Indicator flashed a “hyper‑bull” reading (per the fund manager survey); historically that signal has preceded market corrections, which raises macro risk for cyclical names like banks. Read More.

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.