Bank of America Corporation $BAC Stock: University of Texas Texas AM Investment Management Co. Raises Stake

University of Texas Texas AM Investment Management Co. boosted its position in shares of Bank of America Corporation (NYSE:BAC) by 3,962.9% in the 3rd quarter, according to its most recent disclosure 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 quarter. Bank of America accounts for approximately 1.7% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 13th largest position. University of Texas Texas AM Investment Management Co.’s holdings in Bank of America were worth $13,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of BAC. Almanack Investment Partners LLC. boosted its position in shares of 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 buying an additional 513 shares during the period. M Holdings Securities Inc. bought a new position in shares of Bank of America during the third quarter valued at approximately $2,976,000. Brighton Jones LLC raised its holdings in shares of 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 buying an additional 7,257 shares during the period. Candriam S.C.A. raised its holdings in shares of 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 buying an additional 116,050 shares during the period. Finally, American State Bank Iowa lifted its stake in shares of Bank of America by 2.7% during the 3rd quarter. American State Bank Iowa now owns 65,686 shares of the financial services provider’s stock worth $3,575,000 after acquiring an additional 1,699 shares during the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Trading Up 0.2%

BAC opened at $49.54 on Monday. The stock’s fifty day moving average is $55.24 and its two-hundred day moving average is $54.89. The company has a market capitalization of $341.82 billion, a P/E ratio of 11.77, a PEG ratio of 0.87 and a beta of 1.19. Bank of America Corporation has a 52 week low of $46.12 and a 52 week high of $65.22. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The firm had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. Bank of America’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts forecast that Bank of America Corporation will post 4.51 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, December 4th. Bank of America’s payout ratio is presently 30.40%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BAC shares. Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research report on Thursday, October 15th. Wells Fargo & Company decreased their target price on Bank of America from $69.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Truist Financial lowered their target price on shares of Bank of America from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, October 15th. Rothschild & Co Redburn set a $72.00 target price on shares of Bank of America in a research note on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.48.

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.