Bank of America Corporation $BAC Stock: Fulcrum Asset Management LLP Raises Position

Key Points

• Fulcrum Asset Management increased its Bank of America position by 17.8% in the third quarter, adding 15,590 shares to bring its holdings to 103,307 shares, valued at about $5.68 million.
• Institutional investors and hedge funds own 70.71% of the company’s stock. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $62.48.
• Bank of America’s latest quarterly results fell short of analyst estimates for earnings and revenue, although revenue grew 3.2% year over year. The company declared a quarterly dividend of $0.32 per share.

Fulcrum Asset Management LLP increased its position in Bank of America Corporation (NYSE:BAC - Free Report) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,307 shares of the financial services provider's stock after buying an additional 15,590 shares during the period. Fulcrum Asset Management LLP's holdings in Bank of America were worth $5,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc purchased a new stake in Bank of America in the 2nd quarter worth approximately $2,571,060,000. Deutsche Bank AG acquired a new position in Bank of America in the 2nd quarter valued at $2,359,172,000. Bank of New York Mellon Corp acquired a new position in Bank of America in the 2nd quarter valued at $2,313,953,000. Amundi lifted its stake in shares of Bank of America by 12.5% during the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider's stock worth $2,066,274,000 after purchasing an additional 4,721,969 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bank of America by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider's stock worth $1,517,599,000 after purchasing an additional 561,413 shares during the period. Hedge funds and other 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 may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BAC shares. Keefe, Bruyette & Woods decreased their price objective on Bank of America from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Phillip Securities upgraded Bank of America to a "strong-buy" rating in a research note on Friday, October 16th. Argus set a $70.00 target price on Bank of America in a research note on Wednesday, July 15th. UBS Group reduced their target price on Bank of America from $67.00 to $62.00 and set a "buy" rating on the stock in a research report on Monday, November 2nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Bank of America in a research note on Monday, October 19th. One equities 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 company's stock. Based on data from MarketBeat, Bank of America has an average rating of "Moderate Buy" and an average target price of $62.48.

Bank of America Trading Up 0.2%

BAC stock opened at $49.54 on Monday. The company has a market cap of $341.82 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.87 and a beta of 1.19. 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 business has a fifty day simple moving average of $55.24 and a 200-day simple moving average of $54.89. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22.

Bank of America (NYSE:BAC - Get Free Report) last issued its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $29.96 billion during the quarter, compared to analysts' expectations of $30.58 billion. During the same period last year, the business posted $1.06 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that Bank of America Corporation will post 4.51 EPS for the current year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 annualized dividend and a yield of 2.6%. Bank of America's dividend payout ratio is currently 30.40%.

About Bank of America

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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