Adams Asset Advisors LLC Has $11.80 Million Stake in Bank of America Corporation $BAC

15 Sep 2025, 13:44 by Teresa Graham · The Cerbat Gem

Adams Asset Advisors LLC decreased its holdings in Bank of America Corporation (NYSE:BAC) by 5.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 249,384 shares of the financial services provider’s stock after selling 14,988 shares during the quarter. Bank of America accounts for approximately 1.7% of Adams Asset Advisors LLC’s portfolio, making the stock its 15th largest position. Adams Asset Advisors LLC’s holdings in Bank of America were worth $11,801,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Deutsche Bank AG lifted its position in Bank of America by 45.1% during the 1st quarter. Deutsche Bank AG now owns 48,112,090 shares of the financial services provider’s stock worth $2,007,718,000 after buying an additional 14,960,086 shares in the last quarter. Theleme Partners LLP bought a new position in shares of Bank of America in the fourth quarter worth about $263,449,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Bank of America by 12.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,092,517 shares of the financial services provider’s stock worth $1,981,816,000 after purchasing an additional 5,092,504 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Bank of America during the fourth quarter valued at approximately $217,979,000. Finally, GAMMA Investing LLC increased its holdings in shares of Bank of America by 4,414.4% in the first quarter. GAMMA Investing LLC now owns 4,654,022 shares of the financial services provider’s stock valued at $194,212,000 after purchasing an additional 4,550,930 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Bank of America Trading Down 0.3%

NYSE:BAC opened at $50.60 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 1.14. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $50.96. The firm has a market capitalization of $374.79 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.96 and a beta of 1.34. The business’s 50-day moving average price is $48.13 and its two-hundred day moving average price is $44.28.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of ($22,273.00) million during the quarter, compared to analysts’ expectations of $26.79 billion. Bank of America had a return on equity of 10.25% and a net margin of 14.81%.Bank of America’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. On average, equities analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current year.

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Bank of America’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 2.2%. Bank of America’s payout ratio is currently 32.75%.

Bank of America announced that its Board of Directors has approved a stock buyback program on Wednesday, July 23rd that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 11.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BAC. Hsbc Global Res cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. HSBC downgraded Bank of America from a “buy” rating to a “hold” rating and boosted their target price for the stock from $47.00 to $51.00 in a research report on Monday, July 7th. Morgan Stanley raised their price target on Bank of America from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, June 23rd. Royal Bank Of Canada set a $53.00 price objective on Bank of America and gave the stock an “outperform” rating in a report on Monday, June 30th. Finally, Phillip Securities lowered shares of Bank of America from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 25th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.39.

Check Out Our Latest Stock Analysis on Bank of America

Insiders Place Their Bets

In other news, insider James P. Demare sold 148,391 shares of Bank of America stock in a transaction on Friday, August 1st. The shares were sold at an average price of $45.57, for a total transaction of $6,762,177.87. Following the transaction, the insider directly owned 223,407 shares of the company’s stock, valued at $10,180,656.99. This trade represents a 39.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Bank of America Profile

(Free Report)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.