PensionDanmark Pensionsforsikringsaktieselskab Grows Stock Position in Bank of America Corporation $BAC

Key Points

• PensionDanmark increased its Bank of America stake by 8.1% in the second quarter, adding 113,917 shares to reach 1.52 million shares valued at approximately $86.4 million.
• Institutional investors own about 70.7% of Bank of America, while analysts maintain a “Moderate Buy” consensus with an average price target of $64.08.
• Bank of America raised its quarterly dividend from $0.28 to $0.32 per share, equivalent to an annualized $1.28 payout and a 2.0% yield.

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Bank of America Corporation (NYSE:BAC - Free Report) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,517,136 shares of the financial services provider's stock after acquiring an additional 113,917 shares during the period. Bank of America makes up about 0.7% of PensionDanmark Pensionsforsikringsaktieselskab's holdings, making the stock its 20th largest holding. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Bank of America were worth $86,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Westmount Partners LLC raised 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 valued at $1,184,000 after buying an additional 1,001 shares during the period. 55 North Private Wealth LLC increased its position in shares of Bank of America by 7.4% during the second quarter. 55 North Private Wealth LLC now owns 41,468 shares of the financial services provider's stock valued at $2,363,000 after acquiring an additional 2,873 shares during the last quarter. Clark Asset Management LLC increased its position in shares of Bank of America by 63.1% during the second quarter. Clark Asset Management LLC now owns 10,908 shares of the financial services provider's stock valued at $622,000 after acquiring an additional 4,220 shares during the last quarter. Fermata Advisors LLC raised its stake in shares of 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 valued at $604,000 after acquiring an additional 1,118 shares during the period. Finally, Bill Few Associates Inc. acquired a new position in shares of Bank of America in the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 70.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore set a $63.00 price objective on shares of Bank of America and gave the stock an "outperform" rating in a research report on Monday, July 6th. Daiwa Securities Group upped their price target on Bank of America from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 28th. The Goldman Sachs Group raised their price target on Bank of America from $58.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Citigroup lifted their price objective on Bank of America from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Finally, Robert W. Baird boosted their price objective on Bank of America from $58.00 to $62.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Bank of America presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.08.

Bank of America Trading Down 0.5%

Shares of BAC stock opened at $62.95 on Friday. Bank of America Corporation has a fifty-two week low of $44.78 and a fifty-two week high of $63.97. The company has a 50 day moving average price of $58.40 and a 200 day moving average price of $53.82. The stock has a market capitalization of $440.17 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83.

Bank of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.32 dividend. 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 is Friday, September 4th. Bank of America's payout ratio is presently 25.69%.

Bank of America News Summary

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 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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