Boston Partners 13F: Adds $55M to Bank of America (BAC) Stake

Boston Partners Lifts Stake in Bank of America Corporation

Boston Partners increased its investment in Bank of America Corporation (NYSE:BAC), according to a recent Form 13F filing with the Securities and Exchange Commission. The institutional investor picked up an additional 965,751 shares during the period, representing a 12.3% increase from its prior holdings. The fund ended the reporting period with a total of 8,838,991 shares valued at roughly $503.6 million.

What Changed in the Position

Before this adjustment, Boston Partners held 7,873,240 shares of the financial institution. The purchase of 965,751 shares brought its ending count to 8,838,991 shares. Because 13F filings look backward at holdings from the close of a specific quarter, this snapshot reflects past positioning and may not match the firm's current share count today.

Bank of America Stock and Market Context

Bank of America shares recently changed hands around $56.98. The bank trades with a price-to-earnings ratio of 13.4 and a forward P/E of 11.0. It has a 52-week low of $46.12 and a 52-week high of $65.23, sitting comfortably above its 200-day moving average of $55.26.

Recent Earnings Performance

For its recent operational period, Bank of America reported $113.9 billion in revenue with a 16.8% revenue growth rate. The company generated earnings of $4.33 per share, alongside a net margin of 29.5% and a return on equity of 11.2%. The bank's next earnings report is anticipated around October 14, 2026.

Dividend Profile

Bank of America currently pays an annual dividend of $1.28 per share, giving the stock a dividend yield of 2.2%. The payout ratio sits at 25.9%, leaving room for the bank to sustain its shareholder distributions from ongoing earnings.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the bank, with numerous research updates arriving in mid-October 2026. On October 15, 2026, Citigroup maintained its Buy rating on the stock while adjusting its price target to $60.00 from $66.00. On the same day, Morgan Stanley maintained an Overweight rating with a target moved to $61.00 from $67.00. Truist Securities also maintained a Buy rating on October 15, 2026, taking its target to $58.00 from $62.00, while RBC Capital kept an Outperform rating with a target of $60.00. Barclays maintained its Overweight rating with a target of $68.00, Wells Fargo kept an Overweight rating with a target of $64.00, TD Cowen maintained a Hold rating with a target of $56.00, and Evercore ISI Group kept an Outperform rating with a target of $57.00. Overall, the stock carries a consensus buy recommendation from 21 analyst opinions, with a mean target price of $68.86.

Inside Bank of America Operations

Based in Charlotte, North Carolina, Bank of America operates through segments spanning consumer banking, global wealth and investment management, global banking, and global markets. The institution provides traditional savings accounts, credit cards, mortgages, commercial loans, and wealth advisory services to millions of clients worldwide. Boston Partners' decision to grow its position underscores steady institutional interest in one of the country's largest traditional banks.

What's Ahead for Bank of America Corporation

Investors tracking Boston Partners will need to wait for subsequent quarterly disclosures to see whether the firm builds on this stake or takes profits. The upcoming earnings release in October will offer fresh details on loan growth, net interest income, and overall profitability across the bank's core divisions.