Knights of Columbus Asset Advisors LLC Buys 116,455 Shares of Bank of America Corporation $BAC

Knights of Columbus Asset Advisors LLC increased its stake in shares of Bank of America Corporation (NYSE:BAC) by 39.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,933 shares of the financial services provider’s stock after purchasing an additional 116,455 shares during the quarter. Bank of America comprises about 1.2% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 12th biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Bank of America were worth $21,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Quaker Wealth Management LLC lifted its position in Bank of America by 246.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 880 shares during the period. Steph & Co. lifted its holdings in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after buying an additional 379 shares during the period. RMG Wealth Management LLC acquired a new position in Bank of America in the second quarter valued at approximately $28,000. Marquette Asset Management LLC bought a new position in Bank of America in the third quarter valued at approximately $30,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Bank of America during the 3rd quarter worth $31,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BAC. TD Cowen decreased their price objective on Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Erste Group Bank upgraded shares of Bank of America from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Barclays increased their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Daiwa Capital Markets reduced their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Key Bank of America News

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

• Positive Sentiment: CEO Brian Moynihan singled out India as a major growth engine for Bank of America, calling for more capital to fuel expansion and urging streamlined local regulations — a message that supports long?term revenue opportunity in a fast-growing market. BofA CEO Moynihan sees India as major growth engine, calls for more capital
• Positive Sentiment: Market commentary highlights BAC’s low P/E and analyst calls for ~25% upside, framing the recent pullback as a valuation-driven buying opportunity following a solid earnings beat — supports investor interest in buying the dip. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
• Positive Sentiment: Firm is expanding client reach via account and lending initiatives (reported deals on Trump accounts and auto finance), which could boost deposit balances and loan originations if the initiatives scale. Bank Of America Extends Reach With Trump Accounts And Auto Finance Deal
• Neutral Sentiment: Bank of America will match the U.S. government’s $1,000 pilot contribution for eligible employees to the new pilot “Trump Accounts” program — mostly an internal/HR policy item with limited direct impact on the stock. BofA to match US government’s pilot contribution to Trump Accounts, memo says
• Neutral Sentiment: Management shuffle: Lo Piccolo named country head replacing Mattarella — a routine leadership change that markets often treat as neutral unless tied to execution concerns. Bank of America appoints Lo Piccolo as country head replacing Mattarella
• Neutral Sentiment: BofA disclosed a larger stake in Flutter Entertainment — an investment/positioning move that is unlikely to move BAC’s bank-stock valuation materially in the near term. Bank of America Boosts Stake in Flutter Entertainment
• Neutral Sentiment: BofA’s chief strategist warned the 30?year Treasury yield is nearing a key line in the sand (cannot exceed ~5%), a macro view that markets are watching because sustained higher long yields would affect bank funding and asset yields. This is a market-moving macro view rather than firm-specific news. Top Bank of America strategist says the long bond is nearing the key line in the sand
• Negative Sentiment: Some sell?side actions trimmed BAC targets or lowered expectations (e.g., Daiwa), which can weigh on near-term sentiment despite many analysts remaining constructive — contributes to intraday selling pressure. Daiwa Capital Markets Has Lowered Expectations for Bank of America (NYSE:BAC) Stock Price
• Negative Sentiment: Headline coverage noting analysts have trimmed price targets while staying bullish signals some caution among brokers and may cap upside until macro risks (rates, geopolitics) ease. Analysts cut Bank of America (BAC) price targets while staying bullish

Bank of America Stock Performance

Shares of BAC stock opened at $53.07 on Friday. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $57.55. The company’s fifty day simple moving average is $54.12 and its 200-day simple moving average is $51.48. The firm has a market cap of $387.54 billion, a PE ratio of 13.86, a P/E/G ratio of 1.27 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last issued its quarterly 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. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts expect that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

About Bank of America

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.