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NEOS Investment Management LLC Acquires 274,086 Shares of Bank of America Corporation $BAC
NEOS Investment Management LLC significantly increased its stake in Bank of America Corporation (NYSE:BAC) by 51.2% in the third quarter, purchasing an additional 274,086 shares to bring its total holdings to 809,511 shares valued at $41.76 million. Other hedge funds also adjusted their positions in Bank of America, while analysts have maintained a “Moderate Buy” consensus rating with an average target price of $60.30. The company recently reported strong quarterly earnings, beating analyst estimates, and declared a quarterly dividend of $0.28 per share.