1,118,765 Bank of America Corporation $BAC Shares Sold by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners cut its Bank of America stake by 46.3%, selling 1,118,765 shares in the third quarter and retaining 1,296,153 shares valued at approximately $70.55 million.
• Other major institutions increased exposure, and institutional investors collectively own 70.71% of Bank of America’s shares.
• Bank of America missed quarterly earnings and revenue estimates, reporting $1.08 EPS and $29.96 billion in revenue, while maintaining a quarterly dividend of $0.32 per share. Analysts still give the stock a “Moderate Buy” consensus rating with an average price target of $62.82.

Mondrian Investment Partners LTD lessened its stake in Bank of America Corporation (NYSE:BAC - Free Report) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,296,153 shares of the financial services provider's stock after selling 1,118,765 shares during the quarter. Bank of America makes up approximately 1.5% of Mondrian Investment Partners LTD's holdings, making the stock its 24th biggest holding. Mondrian Investment Partners LTD's holdings in Bank of America were worth $70,550,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Legal & General Group Plc bought a new position in Bank of America during the 2nd quarter worth approximately $2,571,060,000. Deutsche Bank AG acquired a new position in shares of Bank of America in the 2nd quarter worth approximately $2,359,172,000. Bank of New York Mellon Corp acquired a new position in shares of Bank of America in the 2nd quarter worth approximately $2,313,953,000. Amundi increased its holdings in shares of Bank of America by 12.5% in the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider's stock valued at $2,066,274,000 after acquiring an additional 4,721,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bank of America by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider's stock valued at $1,517,599,000 after acquiring an additional 561,413 shares during the last quarter. Institutional investors own 70.71% of the company's stock.

Bank of America Stock Performance

Shares of NYSE BAC opened at $50.59 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. The firm's 50-day moving average price is $57.70 and its two-hundred day moving average price is $56.75. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The stock has a market capitalization of $353.78 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.88 and a beta of 1.21.

Bank of America (NYSE:BAC - Get Free Report) last posted its earnings results 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 company had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. As a group, sell-side analysts forecast that Bank of America Corporation will post 4.52 earnings per share for the current year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors 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 currently 30.40%.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, or $1.28 annualized, representing a yield of approximately 2.5%. The payout provides ongoing income support for shareholders. Bank of America dividend report
• Positive Sentiment: Brokerages’ average price target remains above the current trading range at approximately $62.82, suggesting analysts still see potential upside despite recent target reductions. Bank of America average price target
• Neutral Sentiment: Bank of America issued 80,000 shares of new 7.200% Series WW preferred stock. The transaction can strengthen regulatory capital, although the high fixed dividend creates an additional funding cost. Bank of America issues Series WW preferred stock
• Neutral Sentiment: The company appointed Jim Fitterling and Bill Thomas to its board, expanding it from 12 to 14 directors. The appointments may improve oversight, but investors have not yet been given a clear financial impact. Bank of America board appointments
• Negative Sentiment: Multiple law firms are promoting securities-fraud class actions covering investors who purchased BAC securities between August 1, 2025 and October 13, 2026. The lead-plaintiff deadline is December 15, 2026, increasing headline and potential financial risk. Bank of America securities class action
• Negative Sentiment: Analysts cut Bank of America’s FY2026 EPS estimate to $4.35 from $4.55 and FY2027 estimate to $5.15 from $5.22. A separate valuation update reduced fair value to $63.14 from $67.33, reflecting concerns about regulatory penalties and earnings assumptions. Bank of America fair value estimate
• Negative Sentiment: Recent earnings fell short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus a $30.58 billion forecast. More than $1.2 billion in anti-money-laundering penalties and renewed questions about CEO Brian Moynihan’s future are adding to investor uncertainty.

Wall Street Analyst Weigh In

BAC has been the topic of several research reports. Truist Financial dropped their price target on Bank of America from $62.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, October 15th. Phillip Securities raised shares of Bank of America to a "strong-buy" rating in a report on Friday, October 16th. Barclays decreased their price objective on shares of Bank of America from $72.00 to $68.00 and set an "overweight" rating for the company in a report on Thursday, October 15th. TD Cowen lowered their target price on shares of Bank of America from $60.00 to $56.00 and set a "hold" rating for the company in a research note on Thursday, October 15th. Finally, Citigroup dropped their target price on shares of Bank of America from $66.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.82.

Bank of America Company Profile

Bank of America Corporation NYSE: BAC is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company's consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.

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