Brandes Investment Partners 13F: Adds $10M to BAC Stake
Brandes Investment Partners grew its position in Bank of America Corporation by 4.1% during the period.
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Brandes Investment Partners added 180,675 shares to its stake in Bank of America Corporation ($BAC), a 4.12% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 4,566,877 shares worth $260.22 million at the end of the quarter.
Since the filing, $BAC is up 4.1% after 1 week, up 12.8% after 1 month and up 4.0% to date (from the $49.26 close on May 15, 2026).
Find the original: Brandes Investment Partners 13F filings on SEC EDGAR
BAC
Bank of America Corporation
Key Points
- Brandes Investment Partners lifted its stake in Bank of America Corporation (NYSE:BAC) by 4.1% during the period, picking up 180,675 shares to finish with 4,566,877 shares valued at roughly $260.2 million.
- Bank of America shares trade around $56.98, sitting below its 50-day moving average of $61.91 while offering a 2.22% dividend yield backed by a 1.28 annual payout.
- A group of eight major Wall Street firms recently updated their outlooks on the bank, maintaining an overall buy consensus with a mean price target of $68.86.
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Brandes Investment Partners Adds to Bank of America Holding
Brandes Investment Partners increased its investment in Bank of America Corporation (NYSE:BAC) during the period, adding 180,675 shares to lift its total holdings. The latest SEC filing shows the firm owned 4,566,877 shares worth approximately $260.2 million at the reporting date, reflecting a 4.1% increase from the prior quarter. Institutional 13F filings look backward at past quarters and may not capture the firm's current trading activity.
Position Changes in Bank of America Stock
The 4.1% increase expanded the fund's stake from its previous total of 4,386,202 shares. This trade follows other recent portfolio adjustments by the firm, including a reduction in its holdings of Flex Ltd. earlier in the year. Form 13F reports provide a quarterly snapshot of institutional ownership for market watchers tracking large money managers.
Bank of America Stock Performance
Bank of America shares traded near $56.98. The stock has a price-to-earnings ratio of 13.39 and a forward P/E of 10.96. The company carries a market capitalization of roughly $405.3 billion alongside a beta of 1.16. Its 52-week trading range spans from a low of $46.12 to a high of $65.23, with the 50-day moving average resting at $61.91 and the 200-day moving average at $55.26.
Recent Earnings
For its recent reporting period, Bank of America generated $113.9 billion in revenue with a revenue growth rate of 16.8%. The company reported earnings of $4.33 per share, accompanied by a net margin of 29.5% and a return on equity of 11.2%. The firm's next earnings report is scheduled for October 14, 2026.
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, giving the stock a dividend yield of 2.22%. The company's payout ratio stands at 25.87% of earnings.
Analysts Set New Price Targets
Major financial institutions recently updated their views on Bank of America alongside target price adjustments. On October 15, 2026, Citigroup maintained its Buy rating with a target of $60.00. Morgan Stanley maintained an Overweight rating with a target of $61.00 on October 15, 2026. Truist Securities kept a Buy rating and a $58.00 target on October 15, 2026. RBC Capital maintained an Outperform rating with a $60.00 target on October 15, 2026. Barclays kept an Overweight rating and a $68.00 target on October 15, 2026. Wells Fargo maintained an Overweight rating with a $64.00 target on October 15, 2026. TD Cowen maintained a Hold rating and a $56.00 target on October 15, 2026. Evercore ISI Group maintained an Outperform rating with a $57.00 target on October 15, 2026. The stock carries an overall consensus recommendation of a buy from 21 analysts, with a mean price target of $68.86.
Overview of Bank of America Corporation
Based in Charlotte, North Carolina, Bank of America Corporation operates through subsidiaries to deliver traditional banking, wealth management, and global market services to individuals, businesses, and institutional clients. Founded in 1784, the bank serves customers worldwide across its consumer, commercial, and investment divisions.
What to Watch at Bank of America Corporation
Investors tracking Bank of America will look toward the upcoming October earnings release and subsequent SEC filings to monitor shifts in institutional sentiment. Quarterly 13F updates offer a delayed view of portfolio management strategies across major investment firms.
Related Filing Alerts
Source: Brandes Investment Partners's 13F filing on $BAC (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Brandes Investment Partners 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts