Rathbones Group PLC Sells 11,535 Shares of Bank of America Corporation $BAC

Posted by Brian Himes on May 21st, 2026

Rathbones Group PLC decreased its holdings in Bank of America Corporation (NYSE:BAC) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. DecisionMap Wealth Management LLC raised its stake in Bank of America by 4.7% in the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock worth $223,000 after buying an additional 182 shares in the last quarter. Money Concepts Capital Corp raised its stake in Bank of America by 3.8% in the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after buying an additional 182 shares in the last quarter. Holistic Financial Partners raised its stake in Bank of America by 2.4% in the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after buying an additional 183 shares in the last quarter. Asahi Life Asset Management CO. LTD. raised its stake in Bank of America by 1.0% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after buying an additional 187 shares in the last quarter. Finally, Riverview Capital Advisers LLC raised its stake in Bank of America by 4.2% in the third quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider’s stock worth $242,000 after buying an additional 188 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BAC. Oppenheimer upped their price target on Bank of America from $58.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Robert W. Baird upped their price target on Bank of America from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Morgan Stanley reduced their price target on Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Piper Sandler upped their price target on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen raised Bank of America from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Check Out Our Latest Analysis on BAC

Bank of America Stock Performance

Shares of BAC stock opened at $51.26 on Thursday. The business’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $52.40. The company has a market cap of $363.75 billion, a PE ratio of 12.69, a PEG ratio of 0.86 and a beta of 1.21. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.18. Bank of America Corporation has a 12-month low of $42.35 and a 12-month high of $57.55.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Analysts expect that Bank of America Corporation will post 4.46 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America’s payout ratio is 27.72%.

Insider Activity at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the sale, the insider directly owned 170,184 shares of the company’s stock, valued at $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the sale, the insider directly owned 1,373,397 shares in the company, valued at $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 354,588 shares of company stock valued at $17,814,296 over the last three months. 0.27% of the stock is owned by corporate insiders.

Key Headlines Impacting Bank of America

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

Positive Sentiment: Bank of America reiterated a bullish stance on several large-cap tech names, including Alphabet, ServiceNow and Snowflake, which reinforces BAC’s influence as a major Wall Street research house and can highlight the firm’s advisory and market-moving franchise. BofA Doubles Down on Alphabet at $430 Price Target After I/O 2026 AI Showcase
Positive Sentiment: BAC disclosed significant indirect exposure to Bitcoin, XRP, Ether and Solana through ETFs and related holdings, underscoring the bank’s growing connection to digital-asset markets and potentially boosting investor interest in its market exposure. Bank of America discloses exposure to Bitcoin, XRP, Ether, Solana
Positive Sentiment: A Bank of America study showing fewer Gen Z consumers relying on family financial assistance may support a constructive view of long-term deposit growth, card usage, and broader retail banking relationships. BofA Study Finds Fewer Gen Z Rely on Family for Financial Assistance, Even With 42% Living Paycheck to Paycheck

Bank of America Profile

(Free Report)

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.