Mn Services Vermogensbeheer B.V. Buys 522,896 Shares of Bank of America Corporation $BAC

09 Oct 2026, 04:33 by Doug Wharley · The Cerbat Gem

Mn Services Vermogensbeheer B.V. grew its stake in Bank of America Corporation (NYSE:BAC) by 26.4% during the third quarter, Holdings Channel.com reports. The fund owned 2,500,806 shares of the financial services provider’s stock after acquiring an additional 522,896 shares during the period. Bank of America accounts for about 1.0% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 21st biggest position. Mn Services Vermogensbeheer B.V.’s holdings in Bank of America were worth $136,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of Bank of America in the second quarter valued at $2,571,060,000. Deutsche Bank AG acquired a new position in Bank of America during the 2nd quarter worth about $2,359,172,000. Bank of New York Mellon Corp purchased a new position in Bank of America during the 2nd quarter valued at about $2,313,953,000. Cardano Risk Management B.V. boosted its holdings in Bank of America by 914.5% during the 4th quarter. Cardano Risk Management B.V. now owns 25,095,260 shares of the financial services provider’s stock valued at $1,380,239,000 after acquiring an additional 22,621,546 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Bank of America in the 2nd quarter valued at about $939,807,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Headlines Impacting Bank of America

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

Positive Sentiment: A favorable shift in Federal Reserve policy could support Bank of America’s net interest income, prompting a rating upgrade and strengthening the bullish case for BAC. Bank of America: Fed Policy Shift Creates NII Upside
Positive Sentiment: TD Cowen initiated coverage with a “hold” rating and a $60 price target, implying roughly 12% upside from the referenced price. Although not bullish, the target suggests analysts see recovery potential. TD Cowen initiates Bank of America coverage
Positive Sentiment: Management highlighted artificial intelligence investments aimed at improving and personalizing customer service. Over time, better efficiency and client engagement could support revenue growth and profitability. How Bank of America is using AI to reinvent the customer experience
Neutral Sentiment: Bank of America raised its price target on Marvell Technology while maintaining a buy rating, reflecting continued investment-banking and research activity but offering little direct earnings impact for BAC. Marvell price target raised by Bank of America
Neutral Sentiment: Recent disclosures show Bank of America reduced holdings in Lakefront Biotherapeutics and Gentas, while increasing its stake in ICU Venture Capital Trust. These portfolio transactions are unlikely to materially affect BAC’s fundamentals. Bank of America trims Lakefront Biotherapeutics stake
Negative Sentiment: Analysts expect EPS growth to slow from approximately 36% to single digits. Investors will focus on October 14 earnings for evidence that revenue growth, margins and net interest income can offset decelerating profit momentum. Bank of America EPS growth expected to slow
Negative Sentiment: Bank of America agreed to a $39 million Merrill cash-sweep settlement. The financial cost is manageable relative to BAC’s size, but the resolution adds regulatory and litigation overhang ahead of earnings. Bank of America agrees to Merrill cash sweep settlement

Bank of America Price Performance

Bank of America stock opened at $53.51 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $374.15 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21. Bank of America Corporation has a 12 month low of $46.12 and a 12 month high of $65.22. The business has a 50 day simple moving average of $60.25 and a 200-day simple moving average of $56.54.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm had revenue of $31.56 billion during the quarter, compared to analysts’ expectations of $30.78 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. Bank of America’s revenue was up 19.6% compared to the same quarter last year. Equities analysts predict that Bank of America Corporation will post 4.61 earnings per share for the current year.

Bank of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, September 4th. Bank of America’s payout ratio is presently 29.36%.

Analyst Ratings Changes

BAC has been the topic of several recent research reports. UBS Group cut their target price on shares of Bank of America from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday. Robert W. Baird boosted their target price on Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Rothschild & Co Redburn set a $72.00 target price on shares of Bank of America in a research note on Tuesday. Royal Bank Of Canada raised their target price on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company lifted their price target on shares of Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Nineteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.22.

View Our Latest Analysis on BAC

Bank of America Company Profile

(Free Report)

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.