43,856 Bank of America Corporation $BAC Shares Bought by Kintegral Advisory LLC

Kintegral Advisory LLC increased its stake in shares of Bank of America Corporation (NYSE:BAC) by 32.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,396 shares of the financial services provider’s stock after acquiring an additional 43,856 shares during the period. Kintegral Advisory LLC’s holdings in Bank of America were worth $9,710,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BAC. Turim 21 Investimentos Ltda. bought a new position in Bank of America during the 2nd quarter worth about $25,000. Cherry Tree Wealth Management LLC raised its stake in shares of 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 valued at $27,000 after purchasing an additional 300 shares during the period. Principia Wealth Advisory LLC lifted its holdings in shares of Bank of America by 69.9% in the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 218 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in shares of Bank of America by 199.1% in the first quarter. Vermillion Wealth Management Inc. now owns 658 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 438 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Bank of America in the second quarter valued at about $34,000. 70.71% of the stock is owned by institutional investors.

Bank of America Stock Down 0.8%

NYSE:BAC traded down $0.42 on Friday, hitting $51.28. 64,306,447 shares of the company’s stock were exchanged, compared to its average volume of 41,999,672. The firm has a 50-day moving average price of $59.05 and a 200-day moving average price of $56.69. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $358.59 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). The company had revenue of $29.96 billion during 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%. Bank of America’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. As a group, analysts expect that Bank of America Corporation will post 4.57 EPS for the current fiscal year.

Bank of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, September 4th. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 2.5%. Bank of America’s dividend payout ratio is currently 29.36%.

Key Bank of America News

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

• Positive Sentiment: Analyst support and potential earnings recovery: Baird upgraded BAC to Outperform with a $62 price target, while other analysts maintained Buy or Outperform ratings despite reducing targets. Management also projected at least 8% net interest income growth in 2027, supported by loan and deposit expansion. Baird Upgrades Bank of America Stock Despite a Soft Quarter
• Positive Sentiment: Regulatory remediation is progressing: Bank of America said it has completed substantial work required under a consent order, potentially helping reduce longer-term compliance uncertainty. The bank’s CEO also described the U.S. economy as resilient and growing. Bank of America says it has completed a lot of work on consent order
• Neutral Sentiment: Preferred dividends declared: The board authorized regular cash dividends on multiple preferred-stock series, payable in November and December. The announcement supports the bank’s capital-distribution profile but does not represent a new increase in BAC common-stock dividends. Bank of America Declares Preferred Stock Dividends
• Negative Sentiment: Q3 earnings missed expectations: BAC reported adjusted earnings of $1.08 per share versus a $1.10 consensus, while revenue also fell short. A $1.2 billion anti-money-laundering and sanctions penalty reduced earnings, and expenses grew faster than revenue; weaker fixed-income trading and settlement costs added pressure. Bank of America Stock Sell-Off Looks Like a Buying Opportunity
• Negative Sentiment: Compliance and litigation overhang: Senator Elizabeth Warren criticized the penalty as insufficient, while several law firms announced investigations into potential securities claims and fiduciary-duty issues. These developments could increase legal costs and prolong reputational concerns. Rosen Law Firm Investigation

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Keefe, Bruyette & Woods dropped their target price on Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company cut their target price on Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday. HSBC assumed coverage on Bank of America in a research report on Monday, September 28th. They set a “buy” rating and a $65.00 price target for the company. Finally, UBS Group reduced their price target on Bank of America from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Twenty research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.52.

Bank of America Profile

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.