Aspiriant LLC Cuts Holdings in Bank of America Corporation $BAC

18 Oct 2025, 09:40 by Jessica Moore · The Cerbat Gem

Aspiriant LLC decreased its position in Bank of America Corporation (NYSE:BAC) by 5.2% in the second quarter, Holdings Channel reports. The institutional investor owned 34,900 shares of the financial services provider’s stock after selling 1,925 shares during the period. Aspiriant LLC’s holdings in Bank of America were worth $1,651,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAC. Deutsche Bank AG increased its holdings in Bank of America by 45.1% in the first quarter. Deutsche Bank AG now owns 48,112,090 shares of the financial services provider’s stock valued at $2,007,718,000 after buying an additional 14,960,086 shares in the last quarter. Unisphere Establishment increased its stake in shares of Bank of America by 1,642.5% during the first quarter. Unisphere Establishment now owns 4,195,000 shares of the financial services provider’s stock worth $175,057,000 after purchasing an additional 3,954,250 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Bank of America during the second quarter worth about $164,623,000. Maverick Capital Ltd. purchased a new stake in shares of Bank of America during the first quarter worth about $152,098,000. Finally, AMF Tjanstepension AB increased its stake in shares of Bank of America by 62.9% during the second quarter. AMF Tjanstepension AB now owns 8,904,561 shares of the financial services provider’s stock worth $421,564,000 after purchasing an additional 3,438,876 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Stock Up 1.7%

Shares of NYSE BAC opened at $51.28 on Friday. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $52.88. The stock has a market cap of $379.83 billion, a PE ratio of 13.97, a P/E/G ratio of 1.93 and a beta of 1.33. 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 company has a 50-day moving average of $50.11 and a 200 day moving average of $45.79.

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

Bank of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 5th. This is a positive change from Bank of America’s previous quarterly dividend of $0.26. Bank of America’s dividend payout ratio (DPR) is presently 32.75%.

Bank of America declared that its board has authorized a stock repurchase plan on Wednesday, July 23rd that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 11.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BAC shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $58.00 target price (up previously from $57.00) on shares of Bank of America in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Bank of America from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Royal Bank Of Canada boosted their target price on shares of Bank of America from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Baird R W cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Hsbc Global Res cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 8th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of America has an average rating of “Moderate Buy” and a consensus price target of $56.76.

Read Our Latest Analysis on Bank of America

Insiders Place Their Bets

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

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.