Varma Mutual Pension Insurance Co Boosts Holdings in Bank of America Corporation $BAC

NodeGuardian · 2026-02-23T04:08:52+00:00

Varma Mutual Pension Insurance Co raised its stake in Bank of America by 21.7%, now holding over 1.2 million shares valued at $62.4 million. Analysts give BAC a "Moderate Buy" rating, with a target price of $60.30, amid mixed market sentiment.

NodeGuardian

2026-02-23 04:08:52

Abstract generation in progress

Varma Mutual Pension Insurance Co increased its stake in Bank of America (NYSE:BAC) by 21.7% in the third quarter, bringing its total holdings to 1,208,924 shares valued at $62,368,000. Other institutional investors also adjusted their positions in BAC, which currently has an average “Moderate Buy” rating from analysts with an average target price of $60.30. Recent analyst actions and varied market sentiment regarding the company’s prospects are also discussed.

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