BofA cut target for PAX stock from USD 10.00 to USD 9.00
Published on 10/14/2026 at 01:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGovernance and earnings
- On October 5, 2026, BofA reduced its Patria Investments target from USD 10.00 to USD 9.00.
- Service revenue reached USD 208.40 million in the first half of 2026, versus USD 162.10 million.
- Patria Investments will hold its annual general meeting on October 26, 2026.
BofA cut its Patria Investments target for PAX stock from USD 10.00 to USD 9.00 on October 5, 2026, while keeping an Underperform rating, according to Markets Insider. The target revision came as the firm adjusted estimates ahead of third-quarter earnings across alternative and traditional asset managers.
Three governance dates
On June 12, 2026, Patria appointed Alfonso Duval as an interim board member, according to StockTitan. On September 3, 2026, the company appointed Ana Russo as a second interim board member in the same filing.
On October 5, 2026, Patria set its annual general meeting for October 26, 2026, with four resolutions covering the 2025 audited accounts and three director appointments, according to StockTitan.
What does the vote change?
The voting structure gives each Class A share one vote and each Class B share 10 votes. The filing also reports 163,950,267 common shares outstanding as of September 22, 2026, including 71,004,837 Class A shares and 92,945,430 Class B shares, according to StockTitan. That structure makes the director vote a governance event as well as a scheduled shareholder meeting.
Two shareholder deadlines
Shareholders requesting paper proxy materials had to do so by October 16, 2026, while proxy cards are due by 11:59 p.m. Eastern Time on October 25, 2026. The annual meeting follows on October 26, 2026, at 3:00 p.m. Eastern Time, according to StockTitan.
Market value and business scale
Patria had a market capitalization of USD 1.9 billion as of October 13, 2026. Separately, Patria Investments describes more than USD 62 billion in assets under management and six asset classes, including infrastructure, credit, real estate and private equity.
Its first-half 2026 results added a mixed operating signal. Net revenue from services reached USD 208.40 million, up from USD 162.10 million in the first half of 2025, while net income fell to USD 19.20 million from USD 30.70 million, according to TokenPost. Net cash provided by operating activities declined to USD 71.70 million from USD 175.50 million over the same periods.
Company: Patria Investments Ltd
ISIN: KYG694511059
Ticker: PAX
Primary exchange: NASDAQ
Market capitalization: USD 1.9 billion (as of October 13, 2026)
Sector / Industry: Financials / Asset management
Market context: Market report S&P 500.
