226,376 Bank of America Corporation $BAC Shares Sold by International Assets Investment Management LLC

08 Nov 2026, 07:48 by Renee Jackson · The Cerbat Gem

International Assets Investment Management LLC reduced its position in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 67.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 108,744 shares of the financial services provider’s stock after selling 226,376 shares during the quarter. International Assets Investment Management LLC’s holdings in Bank of America were worth $5,843,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. bought a new stake in Bank of America in the 2nd quarter worth $25,000. Cherry Tree Wealth Management LLC raised its stake in shares of Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Principia Wealth Advisory LLC raised its stake in shares of Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 218 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Bank of America during the second quarter valued at about $34,000. Finally, Balance Wealth Partners LLC purchased a new stake in shares of Bank of America during the third quarter worth about $33,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BAC shares. UBS Group cut their target price on Bank of America from $67.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Jefferies Financial Group lowered their price target on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Phillip Securities raised Bank of America to a “strong-buy” rating in a research report on Friday, October 16th. TD Cowen dropped their price objective on Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a report on Thursday, October 15th. Finally, Argus set a $70.00 price objective on Bank of America in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.48.

Check Out Our Latest Report on Bank of America

Bank of America Stock Performance

Shares of Bank of America stock opened at $49.54 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $341.82 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.87 and a beta of 1.19. The business has a fifty day simple moving average of $55.24 and a two-hundred day simple moving average of $54.89. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last announced its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The business had revenue of $29.96 billion for 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%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. On average, equities analysts forecast that Bank of America Corporation will post 4.51 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a dividend of $0.32 per share. 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 (DPR) is 30.40%.

Key Stories Impacting Bank of America

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

About Bank of America

(Free Report)

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.