Bank of America Corporation $BAC Shares Acquired by Mufg Securities Americas Inc.

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Mufg Securities Americas Inc. increased its stake in Bank of America (BAC) by 26.6% in the third quarter, now owning 198,918 shares valued at $10.26 million. Bank of America recently reported topping earnings estimates with an EPS of $0.98 and declared a quarterly dividend of $0.28 per share. The company is actively pursuing growth initiatives, including a $25 billion private-credit platform expansion and launching ultra-high-net-worth services at Merrill, all while analysts maintain a “Moderate Buy” consensus with a $60.30 price target. Several other institutional investors also increased their holdings in BAC.

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