Bank of America Corporation $BAC Stock: Eurizon Capital SGR S.p.A. Lowers Position

Key Points

• Eurizon Capital SGR cut its Bank of America stake by 4% in the third quarter, selling 295,024 shares. It retained 7.14 million shares, valued at about $390 million.
• Institutional investors and hedge funds own 70.71% of the company’s shares. Analysts’ consensus rating is Moderate Buy, with a consensus price target of $62.48.
• Bank of America’s latest quarter fell short of expectations: EPS was $1.08 versus $1.10 expected, and revenue was $29.96 billion versus $30.58 billion expected, though revenue rose 3.2% year over year.

Eurizon Capital SGR S.p.A. lowered its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,140,367 shares of the financial services provider's stock after selling 295,024 shares during the quarter. Bank of America makes up 1.0% of Eurizon Capital SGR S.p.A.'s holdings, making the stock its 18th largest position. Eurizon Capital SGR S.p.A. owned about 0.10% of Bank of America worth $390,274,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in Bank of America in the 2nd quarter valued at $2,571,060,000. Deutsche Bank AG purchased a new stake in Bank of America in the 2nd quarter worth $2,359,172,000. Bank of New York Mellon Corp acquired a new position in Bank of America during the second quarter worth $2,313,953,000. Amundi raised its position in Bank of America by 12.5% during the first quarter. Amundi now owns 42,385,115 shares of the financial services provider's stock worth $2,066,274,000 after acquiring an additional 4,721,969 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Bank of America by 1.8% during 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BAC has been the topic of several recent analyst reports. Citigroup decreased their price objective 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. Evercore set a $62.00 target price on shares of Bank of America in a research note on Thursday, October 1st. Jefferies Financial Group reduced their price target on shares of Bank of America from $75.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, September 24th. Barclays reduced their price target on shares of Bank of America from $72.00 to $68.00 and set an "overweight" rating for the company in a research report on Thursday, October 15th. Finally, Wells Fargo & Company decreased their price target on shares of Bank of America from $69.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.48.

Latest Bank of America News

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

• Positive Sentiment: Bank of America reaffirmed its 16%–18% return-on-tangible-common-equity target for 2028–2030. The outlook is supported by expected net interest income growth, loan growth, and expense discipline, signaling confidence in longer-term profitability. BAC Reaffirms 16-18% ROTCE Target
• Neutral Sentiment: Bank of America and Allegiant extended their co-branded credit-card partnership into the next decade. The renewal supports continuity in the bank’s card business, but the announcement provided no financial terms. Allegiant and Bank of America Extend Co-Branded Credit Card Partnership
• Negative Sentiment: Several law firms reiterated that a securities class action has been filed against Bank of America concerning investors who bought shares between August 1, 2025, and October 13, 2026; the lead-plaintiff deadline is December 15, 2026. The notices are not findings of wrongdoing, but the litigation creates uncertainty. Rosen Law Firm Investor Notice

Bank of America Stock Down 0.2%

NYSE BAC opened at $50.56 on Friday. The business has a fifty day moving average price of $54.31 and a 200 day moving average price of $54.86. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $348.87 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.89 and a beta of 1.19.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share 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 firm had revenue of $29.96 billion during the quarter, compared to analysts' expectations of $30.58 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The company's revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts anticipate that Bank of America Corporation will post 4.51 EPS 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. Stockholders of record on Friday, December 4th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America's dividend payout ratio is 30.40%.

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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