20,852 Bank of America Corporation $BAC Shares Acquired by PBU The Pension Fund of Early Childhood & Youth Educators

Key Points

• PBU The Pension Fund of Early Childhood & Youth Educators increased its Bank of America stake by 4.3%, buying 20,852 shares and bringing its holdings to 502,654 shares worth about $27.4 million. Institutional investors collectively own 70.71% of the stock.
• Analysts maintain a broadly positive outlook: Bank of America has a “Moderate Buy” consensus rating and an average price target of $62.48, despite several firms recently lowering their targets.
• The latest quarter fell slightly short of expectations, with EPS of $1.08 versus $1.10 expected and revenue of $29.96 billion versus $30.58 billion expected; revenue nevertheless rose 3.2% year over year.

PBU The Pension Fund of Early Childhood & Youth Educators increased its holdings in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,654 shares of the financial services provider's stock after buying an additional 20,852 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators' holdings in Bank of America were worth $27,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bamco Inc. NY lifted its position in shares of Bank of America by 45.4% in the second quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider's stock valued at $2,336,000 after acquiring an additional 12,794 shares in the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of Bank of America in the second quarter worth approximately $4,089,000. Bernicke Wealth Management Ltd. purchased a new stake in shares of Bank of America during the second quarter worth approximately $2,132,000. Aspiriant LLC increased its position in shares of Bank of America by 34.3% during the third quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider's stock worth $2,660,000 after purchasing an additional 12,479 shares in the last quarter. Finally, Lakeshore Capital Group Inc. raised its stake in Bank of America by 111.8% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 33,642 shares of the financial services provider's stock valued at $1,831,000 after purchasing an additional 17,759 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BAC. UBS Group set a $62.00 price objective on Bank of America and gave the company a "buy" rating in a report on Wednesday. Truist Financial lowered their target price on shares of Bank of America from $62.00 to $58.00 and set a "buy" rating on the stock in a research note on Thursday, October 15th. Citigroup dropped their target price on shares of Bank of America from $66.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Royal Bank Of Canada reduced their target price on shares of Bank of America from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Bank of America from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $62.48.

Key Headlines Impacting Bank of America

Investors following BAC have been watching these headlines:

• Positive Sentiment: Bank of America reaffirmed its 16%–18% return-on-tangible-common-equity target for 2028–2030. The outlook is supported by expected net interest income growth, loan growth, and expense discipline, signaling confidence in longer-term profitability. BAC Reaffirms 16-18% ROTCE Target
• Neutral Sentiment: Bank of America and Allegiant extended their co-branded credit-card partnership into the next decade. The renewal supports continuity in the bank’s card business, but the announcement provided no financial terms. Allegiant and Bank of America Extend Co-Branded Credit Card Partnership
• Negative Sentiment: Several law firms reiterated that a securities class action has been filed against Bank of America concerning investors who bought shares between August 1, 2025, and October 13, 2026; the lead-plaintiff deadline is December 15, 2026. The notices are not findings of wrongdoing, but the litigation creates uncertainty. Rosen Law Firm Investor Notice

Bank of America Trading Down 0.2%

Shares of Bank of America stock opened at $50.56 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The stock's 50 day simple moving average is $54.31 and its 200-day simple moving average is $54.86. The stock has a market cap of $348.87 billion, a P/E ratio of 12.01, a P/E/G ratio of 0.89 and a beta of 1.19. Bank of America Corporation has a 1-year low of $46.12 and a 1-year high of $65.22.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The company had revenue of $29.96 billion during the quarter, compared to analyst estimates of $30.58 billion. During the same period in the prior year, the business posted $1.06 EPS. Bank of America's revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts predict that Bank of America Corporation will post 4.51 EPS for the current fiscal year.

Bank of America Dividend Announcement

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 issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, December 4th. Bank of America's dividend payout ratio is presently 30.40%.

About Bank of America

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.

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