Bank of America Corporation $BAC Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 50.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,475 shares of the financial services provider’s stock after selling 37,825 shares during the period. Bank of America makes up about 0.5% of Kelleher Financial Advisors’ holdings, making the stock its 27th largest holding. Kelleher Financial Advisors’ holdings in Bank of America were worth $2,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BAC. Turim 21 Investimentos Ltda. purchased a new position in Bank of America during the 2nd quarter valued at about $25,000. Cherry Tree Wealth Management LLC increased its stake in Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC increased its stake in Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 218 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Bank of America during the second quarter worth about $34,000. Finally, Balance Wealth Partners LLC purchased a new position in shares of Bank of America in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BAC shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Monday, October 19th. Morgan Stanley lowered their price objective on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. JPMorgan Chase & Co. cut their price target on Bank of America from $62.00 to $59.50 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Robert W. Baird upgraded shares of Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Thursday, October 15th. Finally, Evercore set a $62.00 price target on Bank of America in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. 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.

Key Headlines Impacting Bank of America

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

• Negative Sentiment: Senator Elizabeth Warren is reportedly urging the Justice Department to investigate Bank of America and its executives after the bank admitted willfully violating anti-money-laundering laws. A criminal probe could add legal, regulatory, and reputational risk beyond the enforcement resolution already reached. Article: BAC Subject to Increasing Scrutiny
• Negative Sentiment: A securities class action has been filed on behalf of investors who bought BAC shares between August 1, 2025, and October 13, 2026. The allegations remain unproven, but the case adds potential litigation costs and uncertainty; the lead-plaintiff deadline is December 15, 2026. Multiple law-firm notices relate to this same lawsuit. Article: Kaplan Fox class-action notice
• Negative Sentiment: A report cited a pessimistic UBS forecast for BAC, while another reported that the shares fell following an analyst downgrade. The supplied coverage does not provide the revised price target or rationale, but the downgrade may weigh on investor sentiment. Article: UBS Group Issues Pessimistic Forecast

Bank of America Trading Up 3.9%

Shares of BAC stock opened at $51.61 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22. The business’s fifty day moving average price is $55.72 and its 200 day moving average price is $54.92. The firm has a market capitalization of $356.14 billion, a PE ratio of 12.26, a P/E/G ratio of 0.87 and a beta of 1.19.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 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 company had revenue of $29.96 billion for the quarter, compared to analysts’ expectations of $30.58 billion. During the same period in the prior year, the firm posted $1.06 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors 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 dividend yield of 2.5%. Bank of America’s payout ratio is currently 30.40%.

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.