22,840 Bank of America Corporation $BAC Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB reduced its position in shares of Bank of America Corporation (NYSE:BAC) by 12.3% in the third quarter, Holdings Channel reports. The firm owned 162,640 shares of the financial services provider’s stock after selling 22,840 shares during the period. E. Ohman J or Asset Management AB’s holdings in Bank of America were worth $8,852,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new position in Bank of America during the second quarter worth about $25,000. Cherry Tree Wealth Management LLC increased its stake in Bank of America by 167.6% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Principia Wealth Advisory LLC raised its holdings in shares of Bank of America by 69.9% in the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 218 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Bank of America during the 2nd quarter valued at about $34,000. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Bank of America during the 2nd quarter valued at about $40,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

BAC has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price objective on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Monday. Barclays lowered their price objective on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Truist Financial dropped their price objective on shares of Bank of America from $62.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Bank of America from $68.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.82.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, payable December 24 to shareholders of record on December 4. The annualized payout is $1.28 per share, providing an approximately 2.5% yield and signaling continued capital-return capacity. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Neutral Sentiment: The bank appointed Jim Fitterling and Bill Thomas to its board, expanding the board from 12 to 14 directors. The additions may strengthen industry expertise, but their near-term effect on earnings or valuation is unclear. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Neutral Sentiment: Bank of America’s wealth-management business remains a strategic strength, with Global Wealth and Investment Management contributing roughly 16% of group earnings in the second quarter. That diversification could support the stock over time, although results remain sensitive to market levels.
• Negative Sentiment: Multiple law firms publicized a securities class action against Bank of America and certain executives. The claims reportedly relate to alleged securities-law violations surrounding a roughly $1.2 billion Treasury penalty for anti-money-laundering violations. The repeated announcements are largely duplicative, but they increase reputational risk and could lead to litigation costs or additional regulatory scrutiny. BAC Investor Alert and Securities Class Action
• Negative Sentiment: Leadership concerns are also emerging, with commentary questioning CEO Brian Moynihan’s position following disappointing quarterly results and the Treasury fine. Bank of America previously missed consensus estimates for both earnings per share and revenue, adding to investor caution about profitability and execution.

Bank of America Stock Performance

Shares of BAC opened at $51.03 on Friday. 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 stock has a market cap of $356.85 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.88 and a beta of 1.21. The business’s 50 day moving average price is $57.97 and its 200-day moving average price is $56.80. 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) last posted 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). The company had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. Equities research analysts anticipate that Bank of America Corporation will post 4.54 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be paid 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 of this dividend is Friday, December 4th. Bank of America’s dividend 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.