--- title: "Csenge Advisory Group Buys Shares of 31,896 Bank of America Corporation $BAC" type: "News" locale: "en" url: "https://longbridge.com/en/news/296752703.md" description: "Csenge Advisory Group initiated a new position in Bank of America (BAC) during the second quarter, purchasing 31,896 shares valued at approximately $1.82 million. This move adds to recent activity by other institutional investors like Turim 21 Investimentos and Abound Financial. Meanwhile, analysts from Morgan Stanley, UBS, and Barclays have raised their price targets on BAC, maintaining positive ratings such as 'overweight' or 'buy', with a consensus target of $64.08." datetime: "2026-08-24T07:53:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296752703.md) - [en](https://longbridge.com/en/news/296752703.md) - [zh-HK](https://longbridge.com/zh-HK/news/296752703.md) generator: "portal-rs" --- # Csenge Advisory Group Buys Shares of 31,896 Bank of America Corporation $BAC Csenge Advisory Group purchased a new position in shares of Bank of America Corporation (NYSE:BAC - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,896 shares of the financial services provider's stock, valued at approximately $1,817,000. Get **Bank of America** alerts: - These Outperforming Giants Are Boosting Dividends in 2026, With Yields of Up to 6.6% Other hedge funds also recently made changes to their positions in the company. Turim 21 Investimentos Ltda. acquired a new position in Bank of America during the second quarter worth $25,000. Abound Financial LLC acquired a new stake in Bank of America in the 4th quarter valued at $26,000. Wiser Advisor Group LLC bought a new stake in Bank of America during the 3rd quarter worth about $27,000. CrossGen Wealth LLC bought a new stake in Bank of America during the 4th quarter worth about $30,000. Finally, Joseph Group Capital Management acquired a new position in shares of Bank of America during the 4th quarter worth about $32,000. 70.71% of the stock is owned by institutional investors. ## Key Stories Impacting Bank of America Here are the key news stories impacting Bank of America this week: - Positive Sentiment: Bank of America’s active participation in the August bond market demonstrates continued access to wholesale funding and allows it to extend maturities through senior unsecured offerings. Its latest quarterly results also showed strong earnings and revenue growth, providing a fundamental counterweight to near-term concerns. Bank of America's Stock Market Signal Flashes Warning - Neutral Sentiment: Bank of America increased its indirect stake in Turkish industrial technology company Hidropar to 5.386%. The disclosure indicates portfolio or client-related investment activity, but it is not expected to materially affect BAC’s earnings. Bank of America Lifts Indirect Stake in Hidropar to 5.386% - Neutral Sentiment: Bank of America crossed a disclosure threshold in Smith & Nephew, reflecting an updated shareholding. The move is unlikely to have a meaningful direct impact on BAC’s common stock. Smith & Nephew Discloses Updated Bank of America Shareholding - Neutral Sentiment: Bank of America’s analysts issued views on HP, Home Depot and Nvidia. These calls may generate research-related attention, but they do not materially change BAC’s own fundamentals. Bank of America Sends Warning on HP Stock - Negative Sentiment: A market commentary warns that crowded positioning in Bank of America could make any broader-market pullback sharper. Separate analysis questions whether BAC is undervalued after its recent bond issuance, while noting recent short-term share-price weakness. These factors are weighing on sentiment despite the bank’s solid earnings profile. Bank of America's Stock Market Signal Flashes Warning Is Bank of America Undervalued? - Negative Sentiment: Analysis of Bank of America preferred stock suggests that more attractive alternatives may exist than Series GG. While this primarily affects preferred securities, it can modestly temper sentiment toward BAC’s capital-raising instruments. Bank of America Preferreds: Better Propositions Available Than Series GG ## Analysts Set New Price Targets - Financials Hit Record Highs as the AI Trade Unravels—Can They Keep Leading? Several equities analysts have recently weighed in on the company. Argus set a $70.00 price objective on Bank of America in a report on Wednesday, July 15th. Morgan Stanley upped their target price on Bank of America from $61.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. UBS Group increased their price target on Bank of America from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Royal Bank Of Canada raised their price target on Bank of America from $59.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Finally, Barclays boosted their price target on Bank of America from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.08. **View Our Latest Report on BAC** ## Bank of America Stock Up 0.1% - Bank Earnings Are Roaring, But Wall Street Isn't Ready to Celebrate Shares of BAC stock opened at $61.73 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The firm's 50-day moving average is $60.60 and its 200-day moving average is $54.67. The stock has a market cap of $431.66 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.98 and a beta of 1.17. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22. Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.08. The business had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.Bank of America's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Sell-side analysts predict that Bank of America Corporation will post 4.68 EPS for the current year. ## Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Bank of America's previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America's payout ratio is 25.69%. ## Bank of America Profile (Free Report) 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. ## Recommended Stories - Five stocks we like better than Bank of America - VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? - 3 Closed-End Funds to Maximize Dividend Payments - Rocket Lab's Sell-Off Is Fading—Is It Finally Safe to Buy? - $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Bank of America Right Now? Before you consider Bank of America, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of America wasn't on the list. While Bank of America currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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