1,657,552 Shares in Bank of America Corporation $BAC Purchased by Nykredit A S

Nykredit A S recently acquired over 1.6 million shares of Bank of America (BAC) worth approximately $94.4 million during the second quarter. This move is part of a broader trend of institutional investors and hedge funds increasing their stakes in BAC, which now accounts for 70.71% of the company's outstanding stock. Analysts maintain a "Moderate Buy" rating with a consensus price target of $64.08, while Bank of America reported strong quarterly earnings and raised its quarterly dividend.