Gratus Wealth Advisors LLC Boosts Stock Holdings in Bank of America Corporation $BAC

Gratus Wealth Advisors LLC boosted its position in Bank of America Corporation (NYSE:BAC) by 27.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,746 shares of the financial services provider’s stock after purchasing an additional 9,347 shares during the period. Bank of America comprises approximately 0.3% of Gratus Wealth Advisors LLC’s holdings, making the stock its 24th largest position. Gratus Wealth Advisors LLC’s holdings in Bank of America were worth $2,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in shares of Bank of America in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC acquired a new position in Bank of America during the third quarter worth $27,000. CrossGen Wealth LLC acquired a new position in Bank of America during the fourth quarter worth $30,000. Joseph Group Capital Management purchased a new position in Bank of America in the fourth quarter worth $32,000. Finally, Vermillion Wealth Management Inc. raised its position in 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 worth $32,000 after acquiring an additional 438 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Stock Performance

NYSE:BAC opened at $64.82 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $59.36 and a two-hundred day moving average price of $54.14. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $64.95. The company has a market capitalization of $453.27 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17.

Bank of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

Trending Headlines about Bank of America

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

• Positive Sentiment: India expansion: Bank of America agreed to invest up to approximately $1.9 billion for as much as a 49.9% stake in Jio Credit, a non-bank lending subsidiary of Jio Financial Services. The partnership gives BAC access to India’s growing digital-credit market while providing Jio Credit with additional capital and global banking expertise. Reuters article
• Positive Sentiment: $250 billion infrastructure initiative: BAC plans to mobilize and deploy $250 billion through July 2027 for digital, energy, power and core infrastructure projects, including data centers, semiconductors, transportation and power generation. The program could expand lending, investment-banking and advisory revenue, while positioning the bank to benefit from rising AI and energy-infrastructure spending. Bank of America press release
• Positive Sentiment: Cybersecurity investment: BAC plans to acquire MDSec and add 65 specialists, strengthening protection for its digital-banking operations as artificial intelligence increases cyber risks. The move may improve operational resilience, although near-term financial benefits are likely limited. Yahoo Finance article
• Neutral Sentiment: Analyst outlook: Erste Group modestly raised its 2026 EPS estimate to $4.65 and projected $5.25 for 2027, supporting the broader constructive view of BAC’s earnings trajectory. The 2026 estimate remains slightly below consensus.
• Neutral Sentiment: Execution and credit risk: BAC is tightening lending standards for data-center projects because of permitting delays, community opposition and environmental concerns. This could reduce risk, but may also limit the pace of lending growth tied to the AI buildout. Yahoo Finance article

Wall Street Analyst Weigh In

Several brokerages have commented on BAC. Oppenheimer lowered shares of Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Argus set a $70.00 price target on shares of Bank of America in a report on Wednesday, July 15th. UBS Group raised their price objective on shares of Bank of America from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Bank of America in a report on Tuesday, July 14th. Finally, Barclays increased their target price on shares of Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.08.

Bank of America 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.