Nisa Investment Advisors LLC Has $146.21 Million Stock Position in Bank of America Corporation $BAC

Nisa Investment Advisors LLC trimmed its position in shares of Bank of America Corporation (NYSE:BAC) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,834,041 shares of the financial services provider’s stock after selling 69,537 shares during the quarter. Bank of America accounts for 0.6% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Nisa Investment Advisors LLC’s holdings in Bank of America were worth $146,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BAC. Nova Wealth Management Inc. increased its stake in Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock valued at $25,000 after buying an additional 227 shares during the period. Quaker Wealth Management LLC raised its holdings in Bank of America by 246.5% during the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in Bank of America in the 2nd quarter worth approximately $28,000. Steph & Co. lifted its stake in shares of Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after buying an additional 379 shares during the last quarter. Finally, CGC Financial Services LLC lifted its position in Bank of America by 585.4% during the 2nd quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Trading Up 0.9%

BAC stock opened at $56.15 on Friday. The business has a fifty day moving average price of $54.09 and a 200 day moving average price of $50.91. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. Bank of America Corporation has a fifty-two week low of $33.06 and a fifty-two week high of $57.55. The stock has a market capitalization of $410.06 billion, a price-to-earnings ratio of 15.30 and a beta of 1.29.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

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

Bank of America News Roundup

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

• Positive Sentiment: TD Cowen raised its price target on BAC to $66 and reiterated a Buy, signaling analyst confidence and ~17.5% upside from the recent price, which can support buying interest. TD Cowen Boosts BAC Price Target
• Positive Sentiment: HSBC Global Research upgraded Bank of America from Hold to Strong-Buy, another bullish analyst action that may buoy sentiment and offset some negative headlines. HSBC Upgrade Note
• Neutral Sentiment: Bank of America confirmed it will report Q4 2025 results and host an investor call on Jan. 14 — an upcoming catalyst that could amplify moves depending on earnings, guidance, and commentary on regulatory or capital issues. Q4 Results & Call
• Neutral Sentiment: Bank of America updated its accounting for tax equity investments and is pushing into fixed-income and digital-asset initiatives — strategic moves that investors will watch for earnings and capital effects, but the immediate impact is uncertain. Accounting Update
• Negative Sentiment: India’s markets regulator found that a Bank of America unit shared confidential information ahead of a $180M block trade and alleges misleading responses during the probe; BofA is reportedly seeking to settle without admitting guilt. This raises regulatory, legal and reputational risk that can pressure the stock. India Regulator Finds BofA Shared Confidential Info
• Negative Sentiment: Wolfe Research downgraded Bank of America, adding to negative analyst action that can amplify selling pressure when paired with regulatory headlines. Wolfe Research Downgrade

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BAC shares. Argus increased their price objective on Bank of America from $53.00 to $58.00 in a research report on Friday, October 17th. UBS Group upped their price objective on Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Barclays raised their target price on Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, TD Cowen increased their price objective on Bank of America from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.82.

Bank of America 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.