Schroder Investment Management Group Adds $38M in Bank of America Corporation ($BAC)
Schroder Investment Management increased its Bank of America position by 15% in its latest 13F filing.
Key Points
- Schroder Investment Management increased its Bank of America position by 661,029 shares, raising its stake by nearly 15% to 5.08 million shares, valued at $288.8 million.
- Bank of America, trading at $56.84, has a market cap of $403.37 billion and a P/E ratio of 14.10, with a 52-week range between $44.21 and $57.55.
- Recent insider activity includes CEO Brian Moynihan selling 18,083 shares at $49.77 and buying the same amount, while analysts maintain a strong buy consensus with a mean target price of $63.16.
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Schroder Investment Management Group has increased its stake in Bank of America Corporation (NYSE: BAC) by 661,029 shares, according to its latest Form 13F filing with the SEC. This move represents a nearly 15% increase in its holdings, bringing the total to approximately 5.08 million shares valued at $288.8 million as of the reporting period.
What Changed in Schroder Investment Management Group's Bank of America Position
Schroder Investment Management Group's recent filing shows a significant boost in its Bank of America position, adding 661,029 shares to its previous total of 4.42 million shares. This adjustment raises its stake by about 15%, resulting in a new total of 5.08 million shares valued at approximately $288.8 million.
Other Institutional Activity in Bank of America
In other institutional activity, BlackRock, Inc. reduced its holdings by 3,217,508 shares, ending with 539.26 million shares worth about $26.29 billion. Berkshire Hathaway Inc. also cut its stake by 3,671,769 shares, holding 513.62 million shares valued at $25.04 billion. Meanwhile, Vanguard Capital Management LLC's position remained steady at 409.70 million shares, valued at $19.97 billion. State Street Corp decreased its holdings by 4,590,520 shares, resulting in a total of 301.31 million shares worth $14.38 billion.
Bank of America Corporation Stock Down 8.0%
Shares of NYSE:BAC are trading near $56.84. Bank of America boasts a market cap of $403.37 billion, with a P/E ratio of 14.10 and a forward P/E of 11.26. The stock's 52-week low is $44.21, and its high is $57.55. It currently has a 50-day moving average of $52.64 and a 200-day moving average of $52.17.
$BAC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest earnings report, Bank of America reported revenue of $109.59 billion, reflecting a growth of 8.1% year-over-year. The bank's net margin stands at 28.96%, with a return on equity of 10.64%. The next earnings announcement is expected on July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
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Profit surprise
Operating income missed by 10 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 40.5 points. Operating margin up 17.1 points. Positive free cash flow.
Earnings Call Summary
Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.
Guidance Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Bank of America offers an annual dividend rate of $1.12 per share, yielding 1.97%. The company's dividend payout ratio is 27.3%.
Insider Buying and Selling at Bank of America Corporation
Recent insider activity at Bank of America includes Chair and CEO Brian Moynihan selling 18,083 shares at an average price of $49.77 on May 15, 2026. On the same day, he also bought the same number of shares. Additionally, Chief Risk Officer Geoffrey Greener sold 126,756 shares at $53.01 on May 5, 2026. Maria Zuber and Michael White both purchased 5,365 shares each on May 4, 2026.
Analysts Set New Price Targets
On April 16, 2026, Piper Sandler maintained a hold rating on Bank of America with a price target of $59. Oppenheimer, Evercore ISI Group, and Truist Securities all maintained buy ratings with targets of $61. RBC Capital reiterated its buy rating with a $59 target. The consensus among 22 analysts is a strong buy, with a mean price target of $63.16.
About Bank of America
Bank of America Corporation is a major player in the financial services sector, headquartered in Charlotte, North Carolina. The company offers a wide range of financial products and services to consumers, small and middle-market businesses, and large institutions. Under the leadership of CEO Brian Moynihan, Bank of America operates through segments like Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, employing approximately 212,000 people.
Bottom Line
Schroder Investment Management Group's increased stake in Bank of America highlights its confidence in the financial giant. Investors often track such institutional moves as part of their strategy, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. Bank of America's solid financial performance and analyst consensus further underscore its prominent position in the banking sector.
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