IFM Investors Pty Ltd Sells 9,373 Shares of Bank of America Corporation $BAC

24 Dec 2025, 08:50 by Doug Wharley · The Cerbat Gem

IFM Investors Pty Ltd lowered its stake in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,393,483 shares of the financial services provider’s stock after selling 9,373 shares during the quarter. Bank of America makes up approximately 0.6% of IFM Investors Pty Ltd’s portfolio, making the stock its 25th largest holding. IFM Investors Pty Ltd’s holdings in Bank of America were worth $72,754,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Revisor Wealth Management LLC raised its holdings in shares of Bank of America by 7.0% in the 3rd quarter. Revisor Wealth Management LLC now owns 6,849 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 446 shares during the period. Revolve Wealth Partners LLC grew its holdings in Bank of America by 8.1% during the third quarter. Revolve Wealth Partners LLC now owns 14,731 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 1,098 shares during the period. Monument Capital Management increased its position in Bank of America by 4.6% in the third quarter. Monument Capital Management now owns 5,369 shares of the financial services provider’s stock worth $277,000 after buying an additional 237 shares during the last quarter. Welch Group LLC raised its stake in shares of Bank of America by 8.1% in the third quarter. Welch Group LLC now owns 31,022 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 2,325 shares during the period. Finally, True North Advisors LLC lifted its position in shares of Bank of America by 287.1% during the 3rd quarter. True North Advisors LLC now owns 266,586 shares of the financial services provider’s stock valued at $13,753,000 after buying an additional 197,719 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes

BAC has been the subject of several recent research reports. Barclays lifted their price objective on Bank of America from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Erste Group Bank upgraded shares of Bank of America from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Wolfe Research upped their price target on shares of Bank of America from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. TD Cowen raised their price objective on shares of Bank of America from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Bank of America from a “hold” rating to a “sell” rating in a research note on Saturday. Twenty-three research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $58.59.

Get Our Latest Stock Report on BAC

Bank of America Stock Up 0.2%

BAC stock opened at $55.97 on Wednesday. The company’s 50 day moving average is $53.15 and its 200 day moving average is $50.06. The stock has a market cap of $408.68 billion, a price-to-earnings ratio of 15.25 and a beta of 1.30. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $56.22.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly 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 business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. Sell-side analysts predict that Bank of America Corporation will post 3.7 EPS for the current fiscal year.

Bank of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 5th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Bank of America’s dividend payout ratio (DPR) is presently 30.52%.

Key Bank of America News

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

Positive Sentiment: BofA publicly projects a stronger-than-expected 2026 economy, a message that supports optimism for loan growth, fee income and lower credit costs next year. Bank of America has a surprising ‘strong’ call on the 2026 economy
Positive Sentiment: CEO Brian Moynihan has been publicly saying AI is boosting U.S. economic growth and that the consumer is in decent shape — comments that signal limited near-term downside and potential upside for BofA’s consumer, markets and corporate banking businesses. He also suggested the Fed may have room to cut next year, which would be positive for rates-sensitive lending and markets revenue. Bank of America Says AI Increasingly Contributes to US Economic Growth
Positive Sentiment: BofA committed $10 million in zero‑interest capital to CDFIs assisting L.A. wildfire recovery — a small direct financial outlay but a positive for ESG reputation and community banking relationships. BofA Commits $10 Million in Capital for Residents and Small Businesses Impacted by L.A. Wildfires
Neutral Sentiment: Analyst comparisons are being published weighing Citigroup vs. Bank of America as 2026 investments — helpful context for sector investors but not an immediate company-specific catalyst. Citigroup or Bank of America: Which Big Bank is the Better 2026 Bet?
Neutral Sentiment: BofA research commentary continues to attract attention (e.g., a top BofA analyst highlighting Amazon’s holiday strength) — supports the firm’s investment‑banking and research franchise but is an indirect driver of BAC shares. This E-Commerce Giant Stood Out This Holiday Season, Says Top Bank of America Analyst
Neutral Sentiment: Corporate lending activity continues (Rocket Companies extended a facility tied to BofA) — a sign of ongoing client activity but not a major one-off driver of the stock. Rocket Companies Extends Key Bank of America Facility

Bank of America Company Profile

(Free Report)

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.