Bank of America Corporation $BAC Shares Sold by Rathbones Group PLC

Key Points

• Rathbones Group PLC trimmed its stake in Bank of America by 1.2%, selling 11,535 shares and holding 915,457 shares worth about $50.35 million as of its latest 13F filing.
• Insiders have been net sellers recently — they sold 227,832 shares in the last three months valued at roughly $11.09 million, leaving insiders owning about 0.30% of the company.
• Other institutional moves include a massive increase by UBS AM (up 640.5%, adding ~40.24 million shares) and overall institutional ownership of about 70.71% of BAC stock.

Rathbones Group PLC lowered its stake in Bank of America Corporation (NYSE:BAC) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 915,457 shares of the financial services provider's stock after selling 11,535 shares during the period. Rathbones Group PLC's holdings in Bank of America were worth $50,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Bank of America by 640.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider's stock worth $2,399,798,000 after buying an additional 40,235,201 shares during the period. Capital World Investors lifted its stake in Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider's stock worth $7,448,816,000 after acquiring an additional 14,275,810 shares during the last quarter. Danske Bank A S purchased a new position in Bank of America in the third quarter worth approximately $224,863,000. Capitolis Liquid Global Markets LLC grew its holdings in Bank of America by 52.0% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 12,496,236 shares of the financial services provider's stock worth $644,681,000 after acquiring an additional 4,273,472 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in Bank of America during the 3rd quarter worth approximately $218,030,000. Hedge funds and other institutional investors own 70.71% of the company's stock.

Insiders Place Their Bets

In other Bank of America news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James P. Demare sold 83,832 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider directly owned 307,240 shares of the company's stock, valued at $15,362,000. The trade was a 21.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 227,832 shares of company stock valued at $11,094,960. Insiders own 0.30% of the company's stock.

Trending Headlines about Bank of America

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: HSBC upgraded BAC to a "Buy," a near‑term lift as a respected shop adding conviction to the stock amid broader bank‑sector momentum. HSBC Upgrades Bank of America
• Positive Sentiment: Barclays reiterated its Buy on BAC, reinforcing analyst support and likely helping limit downside from other negative headlines. Barclays Sticks to Its Buy Rating
• Positive Sentiment: Analysis highlights BAC's robust capital‑return plan (record earnings, $40B buyback and steady dividend hikes) — a structural tailwind that supports the stock's valuation and investor demand. Capital Return Strategy
• Neutral Sentiment: Preliminary approval of a $72.5M settlement with Epstein accusers removes some legal uncertainty but represents an immediate cash cost — mixed for near‑term EPS but clears an overhang. Settlement Approval
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — a portfolio/strategic holding disclosure that is unlikely to move BAC’s core earnings but is notable for asset‑management transparency. Qiagen Voting Stake
• Neutral Sentiment: Bank of America data on card‑spending trends (furniture/department stores down, gas station spending up) signals shifting consumer patterns that will shape fee and interchange trends — watch consumer credit and transaction volumes. Card Spending Trends
• Negative Sentiment: Morgan Stanley trimmed its BAC price target to $61 — a downward revision that can pressure sentiment even if the rating remains constructive. Morgan Stanley Cuts Price Target
• Negative Sentiment: A foiled bomb plot targeting a Bank of America Paris branch and subsequent remote‑work measures have drawn attention to the bank’s geopolitical and physical‑security exposure; while arrests and pre‑trial detentions reduce immediate threat, the headlines raise operational‑risk sensitivity. Foiled Paris Bomb Plot and Remote‑Work Shift

Bank of America Trading Down 0.0%

NYSE:BAC opened at $49.37 on Monday. The company has a market capitalization of $352.75 billion, a PE ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 1.23. Bank of America Corporation has a 52-week low of $33.06 and a 52-week high of $57.55. The stock's 50 day moving average price is $50.68 and its 200 day moving average price is $52.22. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company's revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. On average, research analysts anticipate that Bank of America Corporation will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. Bank of America's dividend payout ratio is currently 29.24%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BAC. Evercore set a $59.00 price objective on shares of Bank of America in a report on Thursday, January 15th. Barclays increased their target price on Bank of America from $59.00 to $71.00 and gave the company an "overweight" rating in a report on Monday, January 5th. TD Cowen cut their price target on Bank of America from $66.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, January 15th. Argus lifted their price target on Bank of America from $58.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. Finally, Morgan Stanley lowered their price objective on Bank of America from $67.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. Twenty-three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.54.

Bank of America Company Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.

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