Bank of America Corporation $BAC Stock: Lido Advisors LLC Boosts Position

Key Points

• Lido Advisors increased its Bank of America stake by 15.2% in the third quarter, adding 85,521 shares to hold 647,855 shares valued at about $35.3 million. Institutional investors collectively own 70.71% of the stock.
• Bank of America reported quarterly EPS of $1.08, below the $1.10 analyst consensus, and revenue of $29.96 billion, short of estimates; revenue nevertheless rose 3.2% year over year. The company announced a quarterly dividend of $0.32 per share, or $1.28 annualized.
• Analysts’ consensus rating is “Moderate Buy”, with a consensus price target of $62.48.

Lido Advisors LLC grew its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 647,855 shares of the financial services provider's stock after buying an additional 85,521 shares during the quarter. Lido Advisors LLC's holdings in Bank of America were worth $35,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Csenge Advisory Group increased its holdings in Bank of America by 13.1% in the third quarter. Csenge Advisory Group now owns 36,075 shares of the financial services provider's stock valued at $1,964,000 after buying an additional 4,179 shares during the last quarter. D Orazio & Associates Inc. raised its stake in Bank of America by 3.9% during the third quarter. D Orazio & Associates Inc. now owns 6,100 shares of the financial services provider's stock valued at $332,000 after buying an additional 231 shares in the last quarter. Gen Wealth Partners Inc raised its stake in Bank of America by 13.2% during the third quarter. Gen Wealth Partners Inc now owns 19,804 shares of the financial services provider's stock valued at $1,078,000 after buying an additional 2,304 shares in the last quarter. Cpwa LLC raised its stake in Bank of America by 4.2% during the third quarter. Cpwa LLC now owns 6,826 shares of the financial services provider's stock valued at $373,000 after buying an additional 276 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in Bank of America by 1.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 267,640 shares of the financial services provider's stock worth $14,568,000 after buying an additional 3,541 shares during the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Bank of America Stock Performance

Shares of BAC stock opened at $50.72 on Wednesday. The company has a market cap of $349.95 billion, a P/E ratio of 12.05, a PEG ratio of 0.89 and a beta of 1.19. The business has a 50 day moving average of $54.78 and a two-hundred day moving average of $54.87. Bank of America Corporation has a 52 week low of $46.12 and a 52 week 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.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. As a group, analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current year.

Bank of America Dividend Announcement

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 paid 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 presently 30.40%.

Analyst Ratings Changes

BAC has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their price target on Bank of America from $75.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Bank of America in a research report on Monday, October 19th. Rothschild & Co Redburn set a $72.00 price objective on Bank of America in a research note on Tuesday, October 6th. Robert W. Baird raised shares of Bank of America from a "neutral" rating to an "outperform" rating and set a $62.00 price objective for the company in a report on Thursday, October 15th. Finally, Argus set a $70.00 price objective on shares of Bank of America in a report on Wednesday, July 15th. One research 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 company's stock. Based on data from MarketBeat.com, Bank of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.48.

Bank of America News Roundup

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

• Neutral Sentiment: Bank of America warned that October inflation could leave the Federal Reserve behind the curve and open the door to a half-point rate hike in December. Higher rates can support bank lending income, but a sharp increase could also weigh on borrowers and the economy. Article: Fed May Be Falling Behind on Inflation
• Negative Sentiment: Several law firms repeated notices about a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The notices largely reiterate the same case, but the litigation and allegations that the bank misled investors add reputational and potential legal-cost risks. Article: Bank of America Shareholder Class Action
• Negative Sentiment: Reports also point to heightened scrutiny over the bank’s anti-money-laundering and sanctions compliance, including Senator Elizabeth Warren’s reported call for a Justice Department criminal probe. Any further investigation could increase legal and reputational risks, though the reports do not establish that a new probe has begun. Article: Bank of America Faces Scrutiny and Class Action
• Negative Sentiment: Berkshire Hathaway may have sold more Bank of America shares in the third quarter, according to clues from a filing. The possible sales could weigh on sentiment, although the article says the portfolio disclosure is still pending. Article: Berkshire Hathaway May Have Sold More Bank of America Stock

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.

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