Hosking Partners LLP Decreases Position in Bank of America Corporation $BAC

Hosking Partners LLP trimmed its holdings in shares of Bank of America Corporation (NYSE:BAC) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,194,574 shares of the financial services provider’s stock after selling 21,778 shares during the quarter. Bank of America accounts for about 2.2% of Hosking Partners LLP’s portfolio, making the stock its 12th largest position. Hosking Partners LLP’s holdings in Bank of America were worth $61,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Bank of America in the 2nd quarter valued at $5,091,641,000. Arrowstreet Capital Limited Partnership raised its stake 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 buying an additional 9,782,208 shares during the last quarter. ABN AMRO Bank N.V. acquired a new position in shares of Bank of America in the 2nd quarter valued at about $202,439,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Bank of America by 881.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 4,210,388 shares of the financial services provider’s stock worth $199,236,000 after buying an additional 3,781,417 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Bank of America during the second quarter worth about $164,623,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. HSBC upgraded Bank of America from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday. Cowen reaffirmed a “buy” rating on shares of Bank of America in a report on Wednesday. TD Cowen raised their price target on shares of Bank of America from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer raised their target price on Bank of America from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.82.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Multiple analyst upgrades and price-target raises reflect continued bullish analyst sentiment—HSBC upgraded BAC to “strong-buy.” HSBC upgrade
• Positive Sentiment: TD Cowen raised its price target to $66 and keeps a Buy rating, signaling ~18.6% upside from the current level. TD Cowen price target
• Positive Sentiment: JPMorgan and Goldman Sachs also lifted price targets (JPMorgan to $61; Goldman to $64) and kept favorable ratings—supporting medium-term upside. JPMorgan raise and Goldman Sachs raise
• Positive Sentiment: Wells Fargo increased its BAC price target to $65, another bullish signal from the sell-side. Wells Fargo price target
• Neutral Sentiment: Bank of America set its Q4 2025 earnings release and conference call for Jan. 14 — a near-term catalyst that could swing the stock. Earnings date
• Neutral Sentiment: BofA announced an accounting update for tax-equity investments; analysts and commentary note investors may reassess earnings presentation and valuation implications. Accounting update and Investor take
• Neutral Sentiment: Market commentary and options-flow pieces highlight active positioning in BAC options; this reflects higher trading interest but not a clear directional signal. Options trends
• Negative Sentiment: India’s market regulator (SEBI) has alleged that a BofA unit improperly shared confidential information ahead of a $180M block trade and may have misled investigators — the bank is reportedly seeking a settlement; this raises regulatory/legal risk. India regulator probe and SEBI alleges breach
• Negative Sentiment: Wolfe Research downgraded BAC, adding near-term sell-side skepticism that can amplify selling pressure when combined with regulatory headlines. Wolfe Research downgrade

Bank of America Trading Down 2.8%

Shares of BAC stock opened at $55.64 on Thursday. Bank of America Corporation has a twelve month low of $33.06 and a twelve month high of $57.55. The stock has a market cap of $406.28 billion, a price-to-earnings ratio of 15.16 and a beta of 1.29. The company’s 50-day moving average price is $54.03 and its 200-day moving average price is $50.88. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.13. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. As a group, equities analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were given a $0.28 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Bank of America’s payout ratio is currently 30.52%.

Bank of America Company Profile

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.