234,170 Bank of America Corporation $BAC Shares Bought by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. boosted its stake in shares of Bank of America Corporation (NYSE:BAC) by 3,962.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,079 shares of the financial services provider’s stock after buying an additional 234,170 shares during the period. Bank of America accounts for about 1.7% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 13th biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in Bank of America were worth $13,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Almanack Investment Partners LLC. boosted its position in Bank of America by 8.8% during the third quarter. Almanack Investment Partners LLC. now owns 6,373 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 513 shares in the last quarter. M Holdings Securities Inc. bought a new position in Bank of America in the third quarter worth about $2,976,000. Brighton Jones LLC raised its holdings in Bank of America by 5.3% in the third quarter. Brighton Jones LLC now owns 145,234 shares of the financial services provider’s stock worth $7,905,000 after purchasing an additional 7,257 shares in the last quarter. Candriam S.C.A. raised its holdings in Bank of America by 14.0% in the third quarter. Candriam S.C.A. now owns 947,750 shares of the financial services provider’s stock worth $51,775,000 after purchasing an additional 116,050 shares in the last quarter. Finally, American State Bank Iowa lifted its position in shares of Bank of America by 2.7% during the third quarter. American State Bank Iowa now owns 65,686 shares of the financial services provider’s stock valued at $3,575,000 after buying an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Trending Headlines about 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

Analysts Set New Price Targets

A number of research firms have recently weighed in on BAC. Phillip Securities upgraded shares of Bank of America to a “strong-buy” rating in a report on Friday, October 16th. Argus set a $70.00 price objective on shares of Bank of America in a research note on Wednesday, July 15th. Barclays decreased their target price on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. UBS Group lowered their target price on shares of Bank of America from $67.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Finally, Citigroup cut their price target on shares of Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. One 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. Based on data from MarketBeat.com, Bank of America has an average rating of “Moderate Buy” and an average price target of $62.48.

Bank of America Price Performance

Shares of NYSE BAC opened at $49.54 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $341.82 billion, a PE ratio of 11.77, a P/E/G ratio of 0.87 and a beta of 1.19. The business has a 50-day simple moving average of $55.24 and a two-hundred day simple moving average of $54.89. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to analyst estimates 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 revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. As a group, equities analysts expect that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s payout ratio is currently 30.40%.

Bank of America Profile

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.

Bank of America traces its history to the Bank of Italy, founded in San Francisco in 1904 by Amadeo Peter Giannini.