Robeco Institutional Asset Management B.V. Increases Stock Position in Bank of America Corporation $BAC

Robeco Institutional Asset Management B.V. raised its stake in shares of Bank of America Corporation (NYSE:BAC) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,645,317 shares of the financial services provider’s stock after purchasing an additional 640,324 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Bank of America were worth $342,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Permanent Capital Management LP purchased a new stake in Bank of America during the third quarter valued at about $649,000. Boston Common Asset Management LLC boosted its holdings in Bank of America by 10.5% during the 2nd quarter. Boston Common Asset Management LLC now owns 259,680 shares of the financial services provider’s stock valued at $12,288,000 after acquiring an additional 24,740 shares during the period. Disciplined Investments LLC purchased a new position in Bank of America in the 2nd quarter worth approximately $217,000. Sunbeam Capital Management LLC lifted its position in Bank of America by 7.3% in the second quarter. Sunbeam Capital Management LLC now owns 6,476 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 439 shares during the last quarter. Finally, CCG Wealth Management LLC bought a new position in shares of Bank of America in the second quarter worth approximately $287,000. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BAC shares. Argus upped their price target on shares of Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. Truist Financial lifted their price objective on Bank of America from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Wolfe Research upped their target price on Bank of America from $57.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Wall Street Zen lowered Bank of America from a “hold” rating to a “sell” rating in a research note on Monday. Finally, HSBC upped their price objective on shares of Bank of America from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.27.

Bank of America Stock Up 1.6%

Shares of NYSE:BAC opened at $56.84 on Tuesday. 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 stock has a fifty day simple moving average of $53.88 and a two-hundred day simple moving average of $50.76. Bank of America Corporation has a 12-month low of $33.06 and a 12-month high of $57.55. The stock has a market capitalization of $415.04 billion, a price-to-earnings ratio of 15.49 and a beta of 1.29.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 $5.35 billion for the quarter, compared to analysts’ expectations of $27.05 billion. During the same quarter in the previous year, the business posted $0.81 EPS. Bank of America’s revenue was up 10.8% compared to the same quarter last year. On average, research analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

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

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Wells Fargo raised its price target on BAC to $65 and keeps an “overweight” rating, implying material upside from current levels and lending third‑party validation to the stock’s rally. Wells Fargo price target raise
• Positive Sentiment: Research and guidance from BofA around Bitcoin products is being interpreted as a growth opportunity: the firm has signaled advisers can now recommend Bitcoin ETFs and BofA published a view that portfolios should hold ~4% Bitcoin. That stance could boost fee income, wealth advisory activity and client AUM if adoption widens. BofA advisers and Bitcoin ETFs BofA 4% Bitcoin allocation
• Neutral Sentiment: Intraday market action shows moderately bullish trading interest in BAC, reflecting momentum and higher volume rather than a single fundamental catalyst. MSN: Moderately bullish activity
• Neutral Sentiment: Analysts and commentators are reassessing BAC valuation after recent share‑price momentum — positive ratings and higher targets support upside, but valuation reviews could cap short‑term gains if multiples look stretched. Yahoo: Assessing BAC valuation
• Neutral Sentiment: CEO Brian Moynihan’s hiring push for Gen‑Z grads (2,000 hires from 200,000 applicants) is a positive PR / workforce development story but is unlikely to move the stock materially in the near term. Fortune: BofA hiring Gen Z grads

Bank of America Profile

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.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.