116,050 Bank of America Corporation $BAC Shares Purchased by Candriam S.C.A.

Posted by Francis Steltz on Nov 8th, 2026

Candriam S.C.A. increased its holdings in shares of Bank of America Corporation (NYSE:BAC – Free Report) by 14.0% during the third quarter, HoldingsChannel reports. The firm owned 947,750 shares of the financial services provider’s stock after buying an additional 116,050 shares during the period. Candriam S.C.A.’s holdings in Bank of America were worth $51,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BAC. Turim 21 Investimentos Ltda. purchased a new position in Bank of America in the 2nd quarter worth about $25,000. Cherry Tree Wealth Management LLC lifted its stake in Bank of America by 167.6% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the period. Principia Wealth Advisory LLC lifted its stake in Bank of America by 69.9% during the 2nd quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 218 shares during the period. Balance Wealth Partners LLC bought a new position in Bank of America during the 3rd quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Bank of America during the 2nd quarter valued at about $34,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Bank of America Stock Down 0.4%

Bank of America stock opened at $49.54 on Friday. Bank of America Corporation has a one year low of $46.12 and a one year high of $65.22. The stock has a fifty day moving average of $55.24 and a 200 day moving average of $54.89. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $341.82 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.87 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). The firm had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, December 4th. Bank of America’s dividend payout ratio is 30.40%.

Analysts Set New Price Targets

BAC has been the subject of a number of research analyst reports. TD Cowen reduced their price target on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a research note on Thursday, October 15th. Rothschild & Co Redburn set a $72.00 price objective on shares of Bank of America in a report on Tuesday, October 6th. Jefferies Financial Group lowered their price objective on shares of Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. UBS Group lowered their price objective on shares of Bank of America from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Finally, Truist Financial dropped 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 report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.48.

Read Our Latest Stock Analysis on Bank of America

Bank of America News Roundup

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

Positive Sentiment: Bank of America may have room to grow revenue by offering more banking products to Merrill clients, supported by rising wealth balances and lending growth. Read article: BAC Sees Untapped Merrill Banking Potential
Neutral Sentiment: Consumer banking chief Holly O’Neill expressed optimism about AI’s potential for financial innovation, but the interview did not announce a specific initiative or financial target. Read article: Bank of America’s Holly O’Neill on AI
Negative Sentiment: A securities class action has been filed on behalf of investors who acquired BAC shares from August 1, 2025, through October 13, 2026. The suit alleges misleading statements; the claims have not been proven. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Read article: Securities class action notice
Negative Sentiment: Investor-law-firm notices also spotlight Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further scrutiny could increase legal, compliance, and reputational risks. Read article: BAC investor alert on regulatory scrutiny

Bank of America Company Profile

(Free Report)

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.