Bank of America Corporation $BAC Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its holdings in Bank of America Corporation (NYSE:BAC) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 291,572 shares of the financial services provider’s stock after purchasing an additional 18,189 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Bank of America were worth $15,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Shepherd Financial Partners LLC boosted its stake in Bank of America by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock worth $3,110,000 after buying an additional 189 shares during the period. William B. Walkup & Associates Inc. lifted its holdings in shares of Bank of America by 1.4% in the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 192 shares during the last quarter. Albion Financial Group UT boosted its position in shares of Bank of America by 1.6% during the 3rd quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 205 shares during the period. Motive Wealth Advisors boosted its position in shares of Bank of America by 3.6% during the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 205 shares during the period. Finally, Howard Financial Services LTD. increased its holdings in Bank of America by 2.5% in the 3rd quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 205 shares during the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. CICC Research began coverage on Bank of America in a research note on Wednesday, January 14th. They set an “outperform” rating and a $62.00 target price on the stock. Wolfe Research cut Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Morgan Stanley cut their price target on shares of Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group increased their price target on shares of Bank of America from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America News Summary

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

Bank of America Price Performance

BAC stock opened at $50.43 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $368.29 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.25 and a beta of 1.29. The business’s 50-day moving average is $54.12 and its two-hundred day moving average is $52.39. Bank of America Corporation has a 1 year low of $33.06 and a 1 year high of $57.55.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 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 the consensus estimate of $27.73 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

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