Bank of America Corporation $BAC Shares Acquired by Anderson Hoagland & Co.

Key Points

• Anderson Hoagland & Co. increased its Bank of America stake by 9.3% in the third quarter, adding 20,834 shares to hold 244,696 shares valued at approximately $12.5 million. Institutional investors collectively own 70.71% of BAC.
• Bank of America’s latest quarterly results slightly missed expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus $30.58 billion forecast, although revenue rose 3.2% year over year.
• The company declared a quarterly dividend of $0.32 per share, equivalent to $1.28 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $62.82, above the reported $50.59 share price.

Anderson Hoagland & Co. boosted its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,696 shares of the financial services provider's stock after purchasing an additional 20,834 shares during the quarter. Anderson Hoagland & Co.'s holdings in Bank of America were worth $12,499,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. grew its position in Bank of America by 3.6% during the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider's stock worth $279,000 after buying an additional 168 shares in the last quarter. Orca Wealth Management LLC increased its stake in Bank of America by 0.5% during the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider's stock worth $1,999,000 after acquiring an additional 179 shares during the period. Financial Consulate Inc. raised its holdings in Bank of America by 4.0% in the 2nd quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider's stock valued at $270,000 after acquiring an additional 181 shares in the last quarter. Bedel Financial Consulting Inc. lifted its position in shares of Bank of America by 1.1% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider's stock valued at $938,000 after acquiring an additional 184 shares during the period. Finally, GatePass Capital LLC lifted its position in shares of Bank of America by 3.6% during the 1st quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 190 shares during the period. Institutional investors own 70.71% of the company's stock.

Bank of America Stock Performance

NYSE:BAC opened at $50.59 on Friday. The stock's 50-day simple moving average is $57.70 and its 200 day simple moving average is $56.75. The firm has a market capitalization of $353.78 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. 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 twelve month low of $46.12 and a twelve month high of $65.22.

Bank of America (NYSE:BAC - Get Free Report) last released its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The business had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The business's revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that Bank of America Corporation will post 4.52 EPS for the current fiscal year.

Bank of America Announces Dividend

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. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America's dividend payout ratio is currently 30.40%.

Analysts Set New Price Targets

BAC has been the topic of a number of recent analyst reports. 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 research report on Thursday, October 15th. Keefe, Bruyette & Woods reduced their price objective on shares of Bank of America from $70.00 to $65.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Evercore set a $62.00 target price on shares of Bank of America in a report on Thursday, October 1st. TD Cowen decreased their target price on shares of Bank of America from $60.00 to $56.00 and set a "hold" rating on the stock in a report on Thursday, October 15th. Finally, Wells Fargo & Company dropped their target price on shares of Bank of America from $69.00 to $64.00 and set an "overweight" rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.82.

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.

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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