Stanley Capital Management LLC Takes Position in Bank of America Corporation $BAC
Stanley Capital Management LLC has purchased a new position in Bank of America (NYSE:BAC), acquiring 321,642 shares valued at approximately $18.3 million. This makes Bank of America the 19th largest holding in Stanley Capital Management's portfolio, representing 2.4% of its investments. Institutional investors collectively own 70.71% of Bank of America, which has a "Moderate Buy" consensus rating from analysts and an average price target of $64.08.