Bank of America Corporation $BAC Stock Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lowered its position in shares of Bank of America Corporation (NYSE:BAC) by 29.8% in the third quarter, Holdings Channel reports. The institutional investor owned 94,569 shares of the financial services provider’s stock after selling 40,200 shares during the period. Cullinan Associates Inc.’s holdings in Bank of America were worth $5,147,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Bank of America in the second quarter valued at about $2,571,060,000. Deutsche Bank AG purchased a new position in Bank of America during the second quarter worth about $2,359,172,000. Bank of New York Mellon Corp purchased a new position in Bank of America during the second quarter worth about $2,313,953,000. Amundi lifted its position in Bank of America by 12.5% in the first quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock valued at $2,066,274,000 after purchasing an additional 4,721,969 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Bank of America by 1.8% in the first 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 purchasing an additional 561,413 shares during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Stock Down 0.4%

BAC opened at $49.54 on Friday. The business’s fifty day moving average is $55.24 and its two-hundred day moving average is $54.89. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $341.82 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.87 and a beta of 1.19. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22.

Bank of America (NYSE:BAC) last announced 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 firm had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. During the same quarter in the prior year, the business earned $1.06 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s dividend payout ratio is presently 30.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BAC. Royal Bank Of Canada lowered their price objective on Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. JPMorgan Chase & Co. cut their target price on Bank of America from $62.00 to $59.50 and set an “overweight” rating for the company in a research note on Friday, October 30th. Evercore set a $62.00 price target on Bank of America in a report on Thursday, October 1st. Morgan Stanley decreased their price target on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Finally, Jefferies Financial Group decreased their price target on Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.48.

Bank of America News Summary

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

• Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
• Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
• Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
• Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Bank of America Profile

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.