Bank of America Corporation $BAC Stock Holdings Reduced by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its position in Bank of America Corporation (NYSE:BAC) by 99.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,174 shares of the financial services provider’s stock after selling 956,356 shares during the period. Seizert Capital Partners LLC’s holdings in Bank of America were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Bank of America by 0.3% during the second quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock valued at $6,982,863,000 after acquiring an additional 403,652 shares in the last quarter. Norges Bank bought a new stake in Bank of America in the second quarter worth approximately $5,091,641,000. Fisher Asset Management LLC increased its stake in shares of Bank of America by 5.2% during the 2nd quarter. Fisher Asset Management LLC now owns 51,405,673 shares of the financial services provider’s stock worth $2,432,516,000 after purchasing an additional 2,557,943 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bank of America by 124.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after purchasing an additional 9,782,208 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Bank of America by 5.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,438,466 shares of the financial services provider’s stock worth $899,650,000 after purchasing an additional 875,514 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Recent quarter beat and revenue strength support higher near-term earnings expectations; this underpins investor confidence in net income resilience and capital returns. BAC Earnings & Metrics
• Positive Sentiment: CEO Brian Moynihan says the U.S. economy may be stronger than consensus in 2026 (BofA sees ~2.8% GDP growth), which implies higher loan demand and better net interest income for banks. Bank of America CEO sees stronger 2026 economy
• Positive Sentiment: BofA announced a $1 billion stock award for nearly all non-executive employees (Sharing Success Program) — a signal of strong profitability and a shareholder-friendly culture (broad-based equity can aid retention and performance). BofA Awards $1 Billion in Stock
• Positive Sentiment: Sector commentary suggests bank stocks could outperform in 2026 (higher growth and rate support); that narrative helps BAC relative valuation and investor interest in dividend/Income plays. Why Bank Stocks Could Surprise Investors in 2026
• Neutral Sentiment: Media pieces highlighting long-term BAC shareholder returns and comparisons with peers provide context but are unlikely to move the stock materially on their own. $1,000 Invested in BAC 10 Years Ago
• Neutral Sentiment: BofA research/analyst activity focused on other companies (e.g., TI, Moderna) reflects the bank’s brokerage arm views but doesn’t directly change BAC’s fundamentals. BofA Securities Ratings (TI example)
• Negative Sentiment: Management and public comments warn of a meaningful deposit flight risk (BofA cites up to $6T risk if customers chase high stablecoin yields) — this is a tangible funding/competitive risk that could pressure NIMs and deposit costs if realized. Bank Of America CEO Joins Chorus Against Stablecoin Yield

Bank of America Price Performance

NYSE BAC opened at $52.09 on Wednesday. The stock has a market capitalization of $380.37 billion, a PE ratio of 13.60 and a beta of 1.29. The stock has a 50-day simple moving average of $54.13 and a 200 day simple moving average of $51.29. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company had revenue of $28.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the previous year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, December 5th. Bank of America’s dividend payout ratio is presently 29.24%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Oppenheimer increased their price objective on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Evercore ISI set a $59.00 price objective on Bank of America in a research note on Thursday, January 15th. Argus upped their target price on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Citigroup increased their price target on Bank of America from $58.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.74.

About Bank of America

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.