Group 1: Holdings and Institutional Activity - Csenge Advisory Group reduced its holdings in Bank of America by 29.4%, owning 29,695 shares after selling 12,347 shares, valued at $1,532,000 [2] - Quaker Wealth Management increased its position by 246.5%, now owning 523 shares valued at $25,000 after purchasing 880 additional shares [3] - RMG Wealth Management acquired a new position valued at approximately $28,000 during the 2nd quarter [3] - Steph & Co. grew its stake by 224.3%, now owning 548 shares valued at $28,000 after acquiring 379 shares [3] - CGC Financial Services increased its holdings by 585.4%, now owning 610 shares worth $29,000 after acquiring 521 shares [3] - Marquette Asset Management bought a new stake worth approximately $30,000 during the 3rd quarter [3] - Institutional investors own 70.71% of Bank of America's stock [3] Group 2: Analyst Ratings and Price Targets - TD Cowen lowered its price target from $66.00 to $64.00 while maintaining a "buy" rating [4] - HSBC upgraded its rating from "hold" to "buy" with a target price of $50.00 [4] - Evercore ISI set a price target of $59.00 [4] - Truist Financial reduced its price objective from $62.00 to $60.00 while keeping a "buy" rating [4] - Weiss Ratings reiterated a "buy (b)" rating [4] - The average rating for Bank of America is "Moderate Buy" with a consensus target price of $59.74 [4] Group 3: Financial Performance - Bank of America reported $0.98 EPS for the last quarter, beating estimates of $0.96 by $0.02 [6] - The company had revenue of $28.53 billion, exceeding analyst estimates of $27.73 billion, with a year-over-year revenue increase of 12.3% [6] - The return on equity was 11.07% and the net margin was 16.23% [6] Group 4: Stock Performance and Dividends - Bank of America shares opened at $53.02, with a 12-month low of $33.06 and a high of $57.55 [5] - The company has a market cap of $387.18 billion, a price-to-earnings ratio of 13.84, and a beta of 1.29 [5] - A quarterly dividend of $0.28 was paid, representing an annualized dividend of $1.12 and a yield of 2.1% [7] - The dividend payout ratio is 29.24% [7]