Bank of America Corporation $BAC Stake Raised by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK increased its Bank of America stake by 141.6% in the third quarter, adding 520,853 shares to hold 888,715 shares valued at about $48.4 million.
• Other institutional investors also increased or initiated positions, and institutional investors collectively owned 70.71% of the company’s shares.
• Bank of America’s latest quarterly results fell short of analyst expectations: EPS was $1.08 versus $1.10 expected, and revenue was $29.96 billion versus $30.58 billion expected. Analysts’ average rating was “Moderate Buy,” with an average price target of $62.48.

AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Bank of America Corporation (NYSE:BAC - Free Report) by 141.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 888,715 shares of the financial services provider's stock after acquiring an additional 520,853 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Bank of America were worth $48,373,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bamco Inc. NY increased its position in shares of Bank of America by 45.4% in the 2nd quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider's stock worth $2,336,000 after purchasing an additional 12,794 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in Bank of America in the second quarter worth about $4,089,000. Bernicke Wealth Management Ltd. bought a new position in Bank of America during the 2nd quarter worth $2,132,000. Aspiriant LLC grew 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 acquiring an additional 12,479 shares during the last quarter. Finally, Lakeshore Capital Group Inc. grew its holdings 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 worth $1,831,000 after buying an additional 17,759 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Bank of America

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

• Neutral Sentiment: Bank of America’s inflation forecast—monthly headline and core CPI increases of about 0.2%—could reinforce expectations of a December Federal Reserve rate hike. The effect on BAC is uncertain, as higher rates can support lending revenue but may also weigh on borrowers and funding costs. October inflation outlook
• Neutral Sentiment: A filing may indicate Berkshire Hathaway sold more BAC shares in the third quarter, but the report describes this as a possibility, not a confirmed sale. If verified, selling could add pressure to the stock. Berkshire Hathaway holdings report
• Negative Sentiment: Several law firms publicized a securities class action against Bank of America for investors who bought shares from August 1, 2025, through October 13, 2026. The suit alleges securities-law violations; December 15, 2026, is the deadline to seek a lead-plaintiff role. The allegations are not proven, but the case adds potential legal costs and uncertainty. Kaplan Fox class action notice
• Negative Sentiment: Separate coverage says Senator Elizabeth Warren is urging a DOJ criminal probe related to the bank’s anti-money-laundering and sanctions-law violations. Further investigation could increase regulatory, legal, and reputational risks. Report on regulatory scrutiny

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Bank of America from $67.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. Evercore set a $62.00 target price on Bank of America in a report on Thursday, October 1st. Argus set a $70.00 target price on Bank of America in a report on Wednesday, July 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Bank of America from $70.00 to $65.00 and set an "outperform" rating for the company in a 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.48.

Bank of America Price Performance

NYSE BAC opened at $50.57 on Tuesday. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a fifty day simple moving average of $55.01 and a 200 day simple moving average of $54.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. The company has a market cap of $348.95 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.91 and a beta of 1.19.

Bank of America (NYSE:BAC - Get Free Report) last announced its 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 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 the consensus estimate of $30.58 billion. During the same quarter last year, the business earned $1.06 EPS. The business's revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Bank of America Corporation will post 4.51 EPS for the current year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America's payout ratio is 30.40%.

Bank of America Company 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.

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