Bank of America Corporation $BAC Shares Acquired by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its Bank of America stake by 22.2% in the third quarter, bringing its holdings to 127,984 shares valued at approximately $6.97 million. Institutional investors collectively own 70.71% of BAC.
• Bank of America’s latest quarterly results fell slightly short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus $30.58 billion forecast. Analysts have also reduced some earnings and fair-value estimates amid regulatory and penalty concerns.
• The company declared a quarterly dividend of $0.32 per share, equivalent to a 2.5% annualized yield, while analysts maintain a “Moderate Buy” consensus and an average price target of $62.82.

Simplicity Wealth LLC boosted its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 127,984 shares of the financial services provider's stock after buying an additional 23,254 shares during the quarter. Simplicity Wealth LLC's holdings in Bank of America were worth $6,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc bought a new stake in shares of Bank of America in the second quarter worth approximately $2,571,060,000. Deutsche Bank AG purchased a new position in shares of Bank of America during the second quarter valued at approximately $2,359,172,000. Bank of New York Mellon Corp purchased a new position in shares of Bank of America during the second quarter valued at approximately $2,313,953,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Bank of America during the second quarter valued at approximately $939,807,000. Finally, Canada Pension Plan Investment Board bought a new position in Bank of America during the second quarter valued at approximately $916,398,000. Institutional investors own 70.71% of the company's stock.

More Bank of America News

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 Price Performance

Shares of NYSE:BAC opened at $50.59 on Friday. The firm's 50 day moving average price is $57.70 and its 200-day moving average price is $56.75. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. 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 stock 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.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data 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). 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%. The business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. Equities research analysts expect that Bank of America Corporation will post 4.52 EPS for the current year.

Bank of America Announces Dividend

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

Analyst Upgrades and Downgrades

BAC has been the topic of several research reports. Evercore set a $62.00 target price on shares of Bank of America in a report on Thursday, October 1st. JPMorgan Chase & Co. decreased their target price on shares of Bank of America from $68.00 to $62.00 and set an "overweight" rating for the company in a research note on Friday, October 2nd. Barclays lowered their price target on Bank of America from $72.00 to $68.00 and set an "overweight" rating on the stock in a report on Thursday, October 15th. Argus set a $70.00 price target on Bank of America in a report on Wednesday, July 15th. Finally, UBS Group dropped their price target on Bank of America from $70.00 to $67.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.82.

Bank of America 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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