Mondrian Investment Partners 13F: Cuts BAC Stake by $61M
Key Points
- Mondrian Investment Partners cut its Bank of America position by 46.3%, leaving it with 1,296,153 shares worth roughly $70.5 million.
- Bank of America shares recently traded around $50.77, well below their 52-week high of $65.23.
- The banking giant offers an annual dividend of $1.28 per share, translating to a yield of 2.51%.
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Mondrian Investment Partners trimmed its holdings in Bank of America Corporation (NYSE:BAC) by 1,118,765 shares during the quarter, according to a Form 13F filing with the SEC on October 23, 2026. Bank of America closed at $50.56 on the day of the filing.
BAC
Bank of America Corporation
What Changed in Mondrian Investment Partners's Bank of America Position
The fund reduced its position by 46.3%, bringing its total stake down to 1,296,153 shares. Those remaining shares had a reported value of $70,549,608 at the time of the filing. Before the adjustment, the fund held 2,414,918 shares.
Other Institutional Activity in Bank of America
Other large funds have also made notable moves in the banking institution. Berkshire Hathaway, Inc reduced its holdings by 30,253,860 shares, ending the period with 483,394,015 shares valued at about $24.4 billion.
Bank of America Corporation Stock Holds Steady
Bank of America shares recently traded around $50.77 as of October 24, 2026, up about 0.4% since the filing date. The stock trades below its 50-day moving average of $57.99 and sits below its 200-day moving average of $55.08. Over the past year, the shares have traded between a low of $46.12 and a high of $65.23. The company carries a market capitalization of roughly $357.2 billion, with a price-to-earnings ratio of 12.19.
Recent Earnings
For its trailing twelve months, Bank of America generated $114.87 billion in revenue and reported earnings of $4.19 per share. The company posted a net profit margin of 28.1% alongside a return on equity of 10.7%. Management's next earnings report is scheduled for release on January 15, 2027.
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 pays an annual dividend of $1.28 per share, giving the stock a dividend yield of 2.51%. The payout ratio sits at 25.9%, meaning the bank uses a modest portion of its earnings to fund shareholder payouts.
Insider Buying and Selling at Bank of America Corporation
Company insiders have actively adjusted their holdings over recent months. Sheri B Bronstein sold 60,000 shares on March 5, 2026, at an average price of $49.91 for a total value of $2,994,600. Thomas M Scrivener disposed of 50,000 shares on March 5, 2026, at $49.82 each, totaling $2,491,000. Bernard Amponsah Mensah offloaded 94,000 shares on March 12, 2026, at an average price of $46.94 for a value of $4,412,642. Geoffrey S Greener sold 126,756 shares on May 5, 2026, at $53.00 per share, realizing $6,718,702.
Analysts Set New Price Targets
Wall Street research firms updated their outlooks on the stock in mid-October. Citigroup maintained a buy rating on the stock with a $60.0 target on October 15, 2026. Morgan Stanley kept an overweight rating with a $61.0 target on the same day. Truist Securities maintained its buy rating and a $58.0 target on October 15, 2026. RBC Capital maintained an outperform rating with a $60.0 target on October 15, 2026. Barclays kept an overweight rating while lowering its target to $68.0 on October 15, 2026. Overall, the stock holds a consensus strong buy recommendation with a mean price target of $62.95 across 22 analyst opinions.
About Bank of America Corporation
Based in Charlotte, North Carolina, Bank of America provides financial products and services to individual consumers, small businesses, institutional investors, and large corporations around the world. The bank organizes its operations through Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets divisions.
Bottom Line
Investors tracking institutional shifts will look to upcoming SEC filings to see if other asset managers follow Mondrian's lead. The bank's next financial update arrives in January 2027.
Related Filing Alerts
Source: Mondrian Investment Partners's 13F filing on $BAC (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts