Bank of America Corporation $BAC Stock Acquired by Vestor Capital LLC

Key Points

• Vestor Capital increased its Bank of America stake by 20,608.6% in the third quarter, adding 105,722 shares to hold 106,235 shares valued at about $5.78 million.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $62.48; recent recommendations ranged from Hold to Buy/Outperform.
• Bank of America’s latest quarterly results fell short of analyst estimates for earnings and revenue, although revenue rose 3.2% year over year. The bank declared a quarterly dividend of $0.32 per share.

Vestor Capital LLC grew its position in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 20,608.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,235 shares of the financial services provider's stock after purchasing an additional 105,722 shares during the quarter. Vestor Capital LLC's holdings in Bank of America were worth $5,782,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Bank of America during the second quarter valued at $2,571,060,000. Amundi increased its holdings in Bank of America by 12.5% in the first quarter. Amundi now owns 42,385,115 shares of the financial services provider's stock valued at $2,066,274,000 after buying an additional 4,721,969 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Bank of America in the second quarter worth about $2,359,172,000. Bank of New York Mellon Corp acquired a new position in shares of Bank of America in the second quarter worth about $2,313,953,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Bank of America by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider's stock worth $1,517,599,000 after acquiring an additional 561,413 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on BAC. Wells Fargo & Company dropped their target price on Bank of America from $69.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, October 15th. Robert W. Baird upgraded Bank of America from a "neutral" rating to an "outperform" rating and set a $62.00 price target for the company in a research note on Thursday, October 15th. HSBC assumed coverage on Bank of America in a report on Monday, September 28th. They issued a "buy" rating and a $65.00 price target for the company. Evercore set a $62.00 price target on Bank of America in a research report on Thursday, October 1st. Finally, Rothschild & Co Redburn set a $72.00 price objective on Bank of America in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.48.

Bank of America Stock Performance

Shares of NYSE:BAC opened at $50.57 on Tuesday. The business's 50 day moving average price is $55.01 and its 200-day moving average price is $54.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $348.95 billion, a PE ratio of 12.01, a P/E/G ratio of 0.91 and a beta of 1.19. Bank of America Corporation has a 1 year low of $46.12 and a 1 year 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 return on equity of 12.15% and a net margin of 16.80%. The business had revenue of $29.96 billion for the quarter, compared to analysts' expectations of $30.58 billion. During the same period in the previous year, the company earned $1.06 EPS. Bank of America's quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Announces Dividend

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

Trending Headlines about Bank of America

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

• Neutral Sentiment: Bank of America’s inflation forecast—monthly headline and core CPI increases of about 0.2%—could reinforce expectations of a December Federal Reserve rate hike. The effect on BAC is uncertain, as higher rates can support lending revenue but may also weigh on borrowers and funding costs. October inflation outlook
• Neutral Sentiment: A filing may indicate Berkshire Hathaway sold more BAC shares in the third quarter, but the report describes this as a possibility, not a confirmed sale. If verified, selling could add pressure to the stock. Berkshire Hathaway holdings report
• Negative Sentiment: Several law firms publicized a securities class action against Bank of America for investors who bought shares from August 1, 2025, through October 13, 2026. The suit alleges securities-law violations; December 15, 2026, is the deadline to seek a lead-plaintiff role. The allegations are not proven, but the case adds potential legal costs and uncertainty. Kaplan Fox class action notice
• Negative Sentiment: Separate coverage says Senator Elizabeth Warren is urging a DOJ criminal probe related to the bank’s anti-money-laundering and sanctions-law violations. Further investigation could increase regulatory, legal, and reputational risks. Report on regulatory scrutiny

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.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.

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