Choreo LLC Decreases Stake in Bank of America Corporation $BAC

Choreo LLC cut its position in Bank of America Corporation (NYSE:BAC) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,196,757 shares of the financial services provider’s stock after selling 210,956 shares during the period. Bank of America accounts for 1.4% of Choreo LLC’s investment portfolio, making the stock its 15th largest holding. Choreo LLC’s holdings in Bank of America were worth $113,331,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BAC. Quaker Wealth Management LLC raised its stake in 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 valued at $25,000 after buying an additional 880 shares in the last quarter. Steph & Co. raised its position in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in Bank of America during the third quarter worth approximately $30,000. Collier Financial acquired a new position in Bank of America in the third quarter valued at approximately $30,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Bank of America in the third quarter valued at approximately $31,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on BAC shares. The Goldman Sachs Group upped their target price on shares of Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday, January 26th. Truist Financial cut their price target on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. CICC Research began coverage on shares of Bank of America in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price objective for the company. Robert W. Baird raised their price objective on Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, TD Cowen reduced their target price on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

Trending Headlines about Bank of America

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

• Positive Sentiment: Hedge funds and analysts are bullish on BAC: it ranks among the top bank picks for hedge funds and showed a highly bullish sentiment as of Feb. 23; coverage includes 19 analysts with 15 Buys and 4 Holds — a near-consensus buy bias that can drive demand. Here is Why Bank of America Corporation (BAC) is Highly Favored By Hedge Funds
• Positive Sentiment: Market-focused coverage notes BAC is outpacing broader market gains today, reinforcing momentum trading and short-term inflows into the stock. Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
• Positive Sentiment: BofA announced nearly $40M invested in U.S. workforce development (2025 programs), a publicity/ESG win that can support customer relationships and community ties — constructive for reputation and long-term deposit/consumer franchise. BofA Invests Nearly $40 Million into American Workforce Skills in 2025
• Neutral Sentiment: Analyst-comparison pieces highlight BAC’s relative upside vs. Wells Fargo driven by earnings growth, investment banking momentum and valuation — useful context for longer-term investors but not an immediate catalyst. Bank of America or Wells Fargo: Which Big Bank Offers More Upside?
• Neutral Sentiment: Corporate housekeeping: BofA filed its latest Form 10‑K with the U.K. National Storage Mechanism — a regulatory filing of record with no new operating implications. Bank of America Files Latest Form 10-K with U.K. National Storage Mechanism

Bank of America Stock Performance

NYSE BAC opened at $52.28 on Friday. The firm has a market cap of $381.77 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.26 and a beta of 1.29. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The business’s 50-day moving average price is $54.02 and its 200 day moving average price is $52.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

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

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date 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 is presently 29.24%.

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.