14,853 Bank of America Corporation $BAC Shares Purchased by Leuthold Group LLC

Leuthold Group LLC raised its holdings in shares of Bank of America Corporation (NYSE:BAC) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,333 shares of the financial services provider’s stock after acquiring an additional 14,853 shares during the period. Leuthold Group LLC’s holdings in Bank of America were worth $9,326,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in Bank of America in the second quarter worth about $2,571,060,000. Deutsche Bank AG bought a new position in Bank of America in the 2nd quarter valued at about $2,359,172,000. Bank of New York Mellon Corp acquired a new position in Bank of America during the 2nd quarter valued at about $2,313,953,000. Amundi increased its stake in Bank of America by 12.5% during the 1st quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock valued at $2,066,274,000 after buying an additional 4,721,969 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Bank of America by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock valued at $1,517,599,000 after buying an additional 561,413 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Analysts Set New Price Targets

BAC has been the topic of a number of recent analyst reports. Phillip Securities upgraded shares of Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. Argus set a $70.00 price objective on shares of Bank of America in a report on Wednesday, July 15th. Rothschild & Co Redburn set a $72.00 price objective on shares of Bank of America in a research note on Tuesday, October 6th. Barclays dropped their target price on Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Finally, Evercore set a $62.00 target price on Bank of America in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.48.

Bank of America Price Performance

NYSE:BAC opened at $50.57 on Tuesday. The business’s 50-day moving average price is $55.01 and its 200 day moving average price is $54.88. The firm has a market cap of $348.95 billion, a P/E ratio of 12.01, a PEG ratio of 0.91 and a beta of 1.19. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last issued its quarterly earnings results 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). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The business had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. During the same period in the previous year, the company posted $1.06 earnings per share. Bank of America’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be issued 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 is Friday, December 4th. Bank of America’s payout ratio is presently 30.40%.

Key Headlines Impacting Bank of America

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

• Neutral Sentiment: Bank of America’s inflation forecast—monthly headline and core CPI increases of about 0.2%—could reinforce expectations of a December Federal Reserve rate hike. The effect on BAC is uncertain, as higher rates can support lending revenue but may also weigh on borrowers and funding costs. October inflation outlook
• Neutral Sentiment: A filing may indicate Berkshire Hathaway sold more BAC shares in the third quarter, but the report describes this as a possibility, not a confirmed sale. If verified, selling could add pressure to the stock. Berkshire Hathaway holdings report
• Negative Sentiment: Several law firms publicized a securities class action against Bank of America for investors who bought shares from August 1, 2025, through October 13, 2026. The suit alleges securities-law violations; December 15, 2026, is the deadline to seek a lead-plaintiff role. The allegations are not proven, but the case adds potential legal costs and uncertainty. Kaplan Fox class action notice
• Negative Sentiment: Separate coverage says Senator Elizabeth Warren is urging a DOJ criminal probe related to the bank’s anti-money-laundering and sanctions-law violations. Further investigation could increase regulatory, legal, and reputational risks. Report on regulatory scrutiny

About Bank of America

Bank of America Corporation is a financial services company serving consumers, businesses, institutional investors and government entities. Its offerings include checking and savings accounts, credit and debit cards, mortgages, auto loans and other lending, as well as payment and treasury services.

The company also provides investment and wealth management through Merrill and Bank of America Private Bank, and serves corporate and institutional clients with commercial banking, capital markets, trading and advisory services.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.