Tidal Investments 13F: Adds $27M to Bank of America (BAC) Stake
Tidal Investments has expanded its holdings in Bank of America, reflecting confidence in the financial giant.
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Tidal Investments added 473,639 shares to its stake in Bank of America Corporation ($BAC), a 58.15% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 1,288,184 shares worth $73.40 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: Tidal Investments 13F filings on SEC EDGAR
BAC
Bank of America Corporation
Key Points
- Tidal Investments boosted its stake in Bank of America by 58.1%, adding 473,639 shares to bring its total to 1,288,184 shares worth approximately $73.4 million.
- The stock closed at $56.98 on May 15, 2026, trading near its 52-week high of $65.23, showing strong performance.
- Analysts maintain a positive outlook on Bank of America, with a consensus recommendation of 'buy' and a mean price target of $68.86.
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Tidal Investments Increases Its Position
On May 15, 2026, Tidal Investments boosted its stake in Bank of America Corporation (NYSE: BAC) by 58.1%, adding 473,639 shares to its holdings. This brings Tidal’s total shares to 1,288,184, valued at about $73.4 million, according to the latest Form 13F filing with the SEC.
What's Changed in Tidal's Position
Tidal Investments increased its shares from 814,545 to 1,288,184, a substantial addition that reflects a growing confidence in Bank of America. The fund did not initiate a new position or exit any holdings, but rather significantly expanded its existing stake.
Institutional Activity
No other funds reported changes in their positions regarding Bank of America in this filing period.
Bank of America Stock Performance
The stock was trading at $56.98 on the day of the filing, close to its 52-week high of $65.23. This price suggests strong market interest, especially as it also sits above its 200-day moving average of $55.26.
Analysts Set New Price Targets
On October 15, 2026, several firms maintained their ratings for Bank of America. Citigroup kept a 'Buy' rating with a target price of $60.00, while Morgan Stanley maintained an 'Overweight' rating with a target of $61.00. Truist Securities, RBC Capital, and Barclays also reaffirmed their positive outlooks with targets ranging from $58.00 to $68.00. The average target price among analysts is $68.86, reflecting a consensus recommendation of 'buy'.
About Bank of America
Bank of America provides a wide range of financial services, including banking, investment management, and wealth management solutions. With a strong presence in the financial services sector, this increase in Tidal Investments' stake underscores a significant confidence in its future performance.
What's Ahead for Bank of America Corporation
The next earnings report for Bank of America is scheduled for October 14, 2026. Investors should keep an eye on further filings from Tidal Investments as they reflect past holdings and may not represent current positions. The latest 13F filing shows Tidal's commitment to Bank of America as it continues to navigate the financial landscape.
Related Filing Alerts
Source: Tidal Investments'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: Tidal Investments 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts