Bank of America Corporation $BAC Shares Sold by GenTrust LLC

24 Oct 2025, 09:59 by Renee Jackson · The Cerbat Gem

GenTrust LLC lessened its position in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 26.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,644 shares of the financial services provider’s stock after selling 3,902 shares during the quarter. GenTrust LLC’s holdings in Bank of America were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Carnegie Investment Counsel raised its position in shares of Bank of America by 0.9% during the 2nd quarter. Carnegie Investment Counsel now owns 484,766 shares of the financial services provider’s stock valued at $22,939,000 after buying an additional 4,300 shares during the period. Warburton Capital Management LLC raised its position in shares of Bank of America by 3.1% during the 2nd quarter. Warburton Capital Management LLC now owns 15,719 shares of the financial services provider’s stock valued at $753,000 after buying an additional 469 shares during the period. FSM Wealth Advisors LLC raised its position in shares of Bank of America by 423.7% during the 2nd quarter. FSM Wealth Advisors LLC now owns 29,671 shares of the financial services provider’s stock valued at $1,444,000 after buying an additional 24,005 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Bank of America by 83.2% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 342,788 shares of the financial services provider’s stock valued at $16,221,000 after buying an additional 155,662 shares during the period. Finally, Cornerstone Advisory LLC raised its position in shares of Bank of America by 5.1% during the 2nd quarter. Cornerstone Advisory LLC now owns 25,630 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 1,242 shares during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Wall Street Analyst Weigh In

BAC has been the topic of several analyst reports. Erste Group Bank raised shares of Bank of America from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Ameriprise Financial raised Bank of America to a “buy” rating in a research report on Wednesday. Barclays boosted their target price on Bank of America from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. The Goldman Sachs Group boosted their target price on Bank of America from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Bank of America from $51.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.23.

Check Out Our Latest Report on BAC

Insider Transactions at Bank of America

In related news, insider James P. Demare sold 148,391 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 223,407 shares of the company’s stock, valued at $10,180,656.99. This represents a 39.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.

Bank of America Stock Performance

Shares of BAC stock opened at $51.77 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. The firm has a fifty day moving average price of $50.47 and a 200 day moving average price of $46.19. The company has a market cap of $383.49 billion, a P/E ratio of 14.11, a PEG ratio of 1.94 and a beta of 1.33. Bank of America Corporation has a 12 month low of $33.06 and a 12 month high of $52.88.

Bank of America (NYSE:BAC – Get Free Report) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. The firm had revenue of $28.09 billion during the quarter, compared to the consensus estimate of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Sell-side analysts predict that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, December 5th. Bank of America’s dividend payout ratio is currently 30.52%.

Bank of America declared that its board has initiated a stock repurchase program on Wednesday, July 23rd that permits the company to buyback $40.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 11.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Bank of America Profile

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