Strs Ohio Has $106.48 Million Stock Position in Bank of America Corporation $BAC

Strs Ohio decreased its position in shares of Bank of America Corporation (NYSE:BAC) by 5.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,063,987 shares of the financial services provider’s stock after selling 122,694 shares during the period. Strs Ohio’s holdings in Bank of America were worth $106,481,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. William B. Walkup & Associates Inc. raised its holdings in Bank of America by 1.4% during the third quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock worth $723,000 after buying an additional 192 shares during the last quarter. Albion Financial Group UT increased its position in shares of Bank of America by 1.6% during the third quarter. Albion Financial Group UT now owns 13,031 shares of the financial services provider’s stock worth $672,000 after acquiring an additional 205 shares in the last quarter. Motive Wealth Advisors raised its holdings in shares of Bank of America by 3.6% in the 3rd quarter. Motive Wealth Advisors now owns 5,910 shares of the financial services provider’s stock worth $305,000 after acquiring an additional 205 shares during the last quarter. Howard Financial Services LTD. lifted its position in Bank of America by 2.5% in the 3rd quarter. Howard Financial Services LTD. now owns 8,508 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 205 shares in the last quarter. Finally, Wynn Capital LLC lifted its position in Bank of America by 0.4% in the 3rd quarter. Wynn Capital LLC now owns 47,063 shares of the financial services provider’s stock valued at $2,428,000 after acquiring an additional 207 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Price Performance

Bank of America stock opened at $52.42 on Friday. The business’s 50 day simple moving average is $54.08 and its 200 day simple moving average is $51.31. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The company has a market cap of $382.80 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.27 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on BAC shares. Citigroup increased their price objective on Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Barclays upped their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. UBS Group upped their price objective on shares of Bank of America from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. TD Cowen dropped their target price on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $59.74.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Q4 fundamentals and last year’s performance remain a tailwind: analysts point to strong revenue growth and improving profitability that powered BAC’s rally into 2025. Article Title
• Positive Sentiment: Major brokerage support: Morgan Stanley remains bullish on BAC after strong Q4 results, which can underpin investor confidence and buying. Article Title
• Positive Sentiment: Macro/earnings backdrop is supportive: multiple industry notes (Zacks) show Q4 earnings estimates are being revised higher, a favorable environment for large banks including BAC. Article Title
• Neutral Sentiment: BofA research is active in tech and energy ideas (e.g., highlighting small-cap chip names tied to AI), showing the firm’s revenue/analyst franchise but with limited direct impact on BAC stock moves. Article Title
• Neutral Sentiment: Analyst activity from BofA Securities (e.g., upgrading Oklo and sector calls on semiconductors) signals the bank’s influential equity research but affects BAC indirectly. Article Title Article Title
• Negative Sentiment: Regulatory risk: CEO Brian Moynihan warned a proposed 10% credit-card rate cap would curb spending and tighten credit availability — any move toward strict caps could pressure card revenue. Article Title
• Negative Sentiment: Political/PR friction: reports that BofA (and peers) may consider 10% card offers to appease political pressure, and Moynihan’s exclusion from a Trump Davos reception, introduce headline risk and potential policy-driven business changes. Article Title Article Title
• Negative Sentiment: Short-term sentiment swings: options commentary mentions “Greenland-related fears” and other narrative-driven worries that can amplify stock volatility even if fundamentals remain intact. Article Title

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.