Anderson Hoagland 13F: Adds $1.1M to Bank of America (BAC) Stake
Key Points
- Anderson Hoagland increased its holdings in Bank of America by 20,834 shares, raising its total position to 244,696 shares valued at approximately $124.99 million.
- The stock closed at $50.56 on October 23, 2026, and has recently traded around $50.87, about 0.6% higher since then.
- Bank of America has a strong analyst consensus rating of 'Buy' with a mean price target of $62.95, indicating potential upside from its recent trading levels.
Since the filing, $BAC is down 0.1% to date (from the $50.56 close on Oct 23, 2026).
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Anderson Hoagland boosted its stake in Bank of America Corporation (BAC) by 20,834 shares, bringing its total ownership to 244,696 shares. This increase, valued at about $12.5 million, was disclosed in a filing on October 23, 2026.
BAC
Bank of America Corporation
Anderson Hoagland vs. the S&P 500
Hypothetical returns from Anderson Hoagland's disclosed trades, not real profit or advice. How we model this.
What Changed in Anderson Hoagland's Bank of America Position
In the latest filing, Anderson Hoagland reported a 9.3% increase in its position. The total reported value of this stake is approximately $574.4 million, and Bank of America accounts for 2.18% of the fund's portfolio, ranking 15th out of 134 positions.
Where Bank of America Fits in Anderson Hoagland's Portfolio
Bank of America represents a sizable portion of Anderson Hoagland's investments, with a portfolio weight of 2.18%.
Other Institutional Activity in Bank of America
Several other institutional investors adjusted their positions in Bank of America recently. Sumitomo Mitsui DS Asset Management Company reduced its stake by 80,126 shares, ending with 1,385,321 shares valued at about $75.4 million. Mondrian Investment Partners cut its holdings by 1,118,765 shares, bringing its total to 1,296,153 shares worth approximately $70.5 million. Evergreen Capital Management also trimmed its position by 52,159 shares, holding 345,563 shares valued at about $18.8 million.
Bank of America Corporation Stock Down 0.4%
As of October 23, 2026, Bank of America shares closed at $50.56. The stock has recently traded around $50.87, which is above the closing price, showing a slight increase of about 0.6%. However, it remains below its 50-day moving average of $57.73 and is about 22% below its 52-week high of $65.23.
Recent Earnings
Bank of America reported trailing twelve-month revenue of approximately $114.87 billion, with an earnings per share (EPS) of $4.19. The company's next earnings report is set for January 15, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
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Profit surprise
Operating income missed by 10 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 40.5 points. Operating margin up 17.1 points. Positive free cash flow.
Earnings Call Summary
Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.
Guidance Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Bank of America pays an annual dividend of $1.28 per share, yielding about 2.53%. The dividend payout ratio stands at 25.9%.
Insider Buying and Selling at Bank of America Corporation
Several insiders sold shares earlier this year. Sheri B. Bronstein, an officer, sold 60,000 shares at an average price of $49.91 on March 5, 2026. Thomas M. Scrivener, another officer, sold 50,000 shares at $49.82 on the same day. Bernard Amponsah Mensah sold 94,000 shares at $46.94 on March 12, 2026.
Analysts Set New Price Targets
On October 15, 2026, Citigroup maintained a 'Buy' rating with a target price of $60.00, while Morgan Stanley also maintained an 'Overweight' rating with a target of $61.00. Truist Securities, RBC Capital, and Barclays all maintained their ratings, with price targets ranging from $58.00 to $68.00.
About Bank of America
Bank of America Corporation provides a variety of financial services, including banking, investment management, and wealth management. The company serves individual consumers, small businesses, large corporations, and governments worldwide. The recent boost in Anderson Hoagland's stake indicates confidence in the bank's future performance.
Bottom Line
Investors should keep an eye on Bank of America's upcoming earnings report on January 15, 2027, as well as any further changes in institutional holdings. Anderson Hoagland's recent filing reflects a commitment to its investment in Bank of America, which remains a significant part of its portfolio.
Related Filing Alerts
Source: Anderson Hoagland's 13F filing on $BAC (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts