10,470 Bank of America Corporation $BAC Shares Sold by Pavion Blue Capital LLC

Key Points

• Pavion Blue Capital cut its Bank of America stake by 5.7%, selling 10,470 shares in the third quarter; it still held 173,559 shares valued at about $9.45 million.
• Analysts maintained a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $62.48.
• Bank of America’s latest quarter missed analyst estimates for both earnings and revenue, though revenue rose 3.2% year over year. The company also announced a quarterly dividend of $0.32 per share.

Pavion Blue Capital LLC reduced its stake in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,559 shares of the financial services provider's stock after selling 10,470 shares during the period. Bank of America makes up about 3.8% of Pavion Blue Capital LLC's holdings, making the stock its 6th largest position. Pavion Blue Capital LLC's holdings in Bank of America were worth $9,447,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Turim 21 Investimentos Ltda. purchased a new position in shares of Bank of America in the 2nd quarter valued at about $25,000. Cherry Tree Wealth Management LLC lifted its stake in shares of Bank of America by 167.6% in the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC boosted its holdings in Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider's stock worth $30,000 after buying an additional 218 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Bank of America during the second quarter worth about $34,000. Finally, Balance Wealth Partners LLC purchased a new stake in Bank of America during the third quarter worth about $33,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BAC. Weiss Ratings restated a "buy (b)" rating on shares of Bank of America in a research report on Monday, October 19th. Evercore set a $62.00 price target on shares of Bank of America in a research report on Thursday, October 1st. Keefe, Bruyette & Woods reduced their price target on shares of Bank of America from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Citigroup decreased their price target on Bank of America from $66.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, October 15th. Finally, Robert W. Baird upgraded Bank of America from a "neutral" rating to an "outperform" rating and set a $62.00 price target on the stock in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.48.

Bank of America Trading Down 0.0%

NYSE:BAC opened at $50.67 on Thursday. The company has a market capitalization of $349.61 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The stock has a fifty day simple moving average of $54.56 and a 200-day simple moving average of $54.87.

Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.02). The business had revenue of $29.96 billion during the quarter, compared to analysts' expectations of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. Bank of America's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. On average, equities research analysts expect that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. Bank of America's payout ratio is presently 30.40%.

Key Bank of America News

These are some of the BAC news items that stood out recently:

• Positive Sentiment: A comparison with Wells Fargo says Bank of America has an edge on earnings growth and valuation, though Wells Fargo has stronger recent share performance and return on equity. Read article
• Neutral Sentiment: Bank of America’s market outlook includes caution about crowded trades, while its view that inflation could prompt a larger Federal Reserve rate hike points to potential rate volatility. These are broader market calls, not new BAC-specific financial forecasts. Read article Read article
• Negative Sentiment: Several law firms are publicizing the same securities class action against Bank of America, concerning investors who bought shares from August 1, 2025, through October 13, 2026. The lead-plaintiff deadline is December 15, 2026. The repeated alerts are not evidence of a new ruling, but the allegations and potential legal costs may weigh on sentiment. Read article Read article

Bank of America Profile

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services. The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

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