Czech National Bank Raises Holdings in Bank of America Corporation $BAC

Key Points

• Czech National Bank increased its Bank of America stake by 2.8% in the second quarter, acquiring 51,224 additional shares and bringing its holdings to 1.86 million shares valued at approximately $105.9 million.
• Other institutional investors also raised their positions, and hedge funds and institutions collectively own 70.71% of Bank of America’s shares.
• Bank of America raised its quarterly dividend from $0.28 to $0.32 per share, equivalent to a 2.0% annual yield; analysts maintain a “Moderate Buy” consensus with an average price target of $64.08.

Czech National Bank grew its holdings in Bank of America Corporation (NYSE:BAC) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,858,365 shares of the financial services provider's stock after purchasing an additional 51,224 shares during the period. Czech National Bank's holdings in Bank of America were worth $105,890,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BAC. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of Bank of America by 8.1% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 1,517,136 shares of the financial services provider's stock valued at $86,446,000 after purchasing an additional 113,917 shares in the last quarter. Westmount Partners LLC increased its holdings in Bank of America by 5.1% in the 2nd quarter. Westmount Partners LLC now owns 20,783 shares of the financial services provider's stock worth $1,184,000 after buying an additional 1,001 shares in the last quarter. 55 North Private Wealth LLC increased its holdings in Bank of America by 7.4% in the 2nd quarter. 55 North Private Wealth LLC now owns 41,468 shares of the financial services provider's stock worth $2,363,000 after buying an additional 2,873 shares in the last quarter. Clark Asset Management LLC raised its position in Bank of America by 63.1% in the 2nd quarter. Clark Asset Management LLC now owns 10,908 shares of the financial services provider's stock worth $622,000 after buying an additional 4,220 shares during the last quarter. Finally, Fermata Advisors LLC raised its position in Bank of America by 11.8% in the 2nd quarter. Fermata Advisors LLC now owns 10,602 shares of the financial services provider's stock worth $604,000 after buying an additional 1,118 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company's stock.

More Bank of America News

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

• Positive Sentiment: Bank of America’s 2026 dividend increase highlights continued confidence in capital generation and supports the investment case for income-oriented shareholders. These Outperforming Giants Are Boosting Dividends in 2026
• Positive Sentiment: CEO Brian Moynihan continues to forecast three Federal Reserve rate hikes in 2026. Higher rates could support Bank of America’s net interest income, although the outlook depends on inflation and economic conditions. Brace for Three Rate Hikes in 2026, Says Bank of America’s CEO
• Positive Sentiment: Bank of America’s decision to spend more than $250 million annually on GLP-1 medications for employees may raise near-term healthcare costs, but management views the program as an investment in employee health and retention. Bank of America spends $250 million a year on GLP-1 drugs
• Neutral Sentiment: Bank of America’s research team remains active across technology and financial markets, including constructive views on AI-chip demand. The activity may support investment-banking and trading opportunities but does not directly change BAC’s earnings outlook. Nvidia dominates AI chips, but BofA sees AMD closing in
• Negative Sentiment: Investment-banking co-head Mike Joo is leaving Bank of America for an external opportunity only a year after taking the role. The high-profile departure raises concerns about leadership continuity and potential talent retention during a strong dealmaking environment. Bank of America’s co-head of investment banking Mike Joo to leave firm
• Negative Sentiment: Himalaya Capital, managed by Charlie Munger associate Li Lu, reportedly reduced its Bank of America position by roughly 71%. While one investor’s portfolio decision does not alter fundamentals, it can weigh on sentiment. Charlie Munger’s Only Outside Manager Just Sold a Bank
• Negative Sentiment: Bank of America disclosed that it may face monetary penalties from the OCC related to anti-money-laundering deficiencies. The potential resolution introduces regulatory-cost and compliance-risk overhang. Bank of America Signals OCC Penalties Over Anti Money Laundering Deficiencies

Bank of America Price Performance

Shares of NYSE:BAC opened at $62.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $440.17 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. The firm's 50 day moving average price is $58.40 and its 200-day moving average price is $53.82. Bank of America Corporation has a twelve month low of $44.78 and a twelve month high of $63.97.

Bank of America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This is an increase from Bank of America's previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America's dividend payout ratio is currently 25.69%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Argus set a $70.00 price target on shares of Bank of America in a report on Wednesday, July 15th. Truist Financial boosted their price objective on shares of Bank of America from $64.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Bank of America in a research report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on shares of Bank of America from $62.50 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $75.00 target price on shares of Bank of America in a report on Tuesday, July 14th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.08.

Bank of America Company 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.

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