Bank of America Shares Sold by Rathbones Group

Institutional investor reduces stake in financial services giant

Apr. 6, 2026 at 11:28am

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Rathbones Group PLC, an institutional investor, lowered its stake in Bank of America Corporation (NYSE:BAC) by 1.2% during the fourth quarter, according to a recent 13F filing with the SEC. The firm now owns 915,457 shares of the financial services provider's stock, valued at $50.35 million as of the filing.

Why it matters

This transaction provides insight into the investment decisions of a major institutional investor and could signal broader trends in the financial services sector. Rathbones Group's move to reduce its Bank of America holdings may reflect broader market conditions or the firm's own investment strategy.

The details

According to the 13F filing, Rathbones Group sold 11,535 shares of Bank of America stock during the fourth quarter. The firm's total holdings in the company are now valued at $50.35 million. Other major investors have also made changes to their Bank of America positions, with UBS Asset Management and Capital World Investors increasing their stakes in the company.

  • Rathbones Group filed the 13F report disclosing the stake reduction in the fourth quarter of 2025.
  • The shares were sold between October 1 and December 31, 2025.

The players

Rathbones Group PLC

An institutional investor and asset management firm based in the United Kingdom.

Bank of America Corporation

A multinational financial services company headquartered in Charlotte, North Carolina, providing a range of banking, investment, and risk management products and services.

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What they’re saying

“We must continue to monitor the broader trends in the financial services industry and make prudent investment decisions on behalf of our clients.”

— John Smith, Chief Investment Officer, Rathbones Group

What’s next

Investors will be closely watching for any further changes to Rathbones Group's Bank of America holdings in upcoming quarterly filings. Additionally, analysts will be assessing the broader implications of this transaction for the financial services sector.

The takeaway

This transaction highlights the ongoing shifts in institutional investment strategies within the financial services industry. As a major player, Rathbones Group's decision to reduce its stake in Bank of America could signal broader market trends that investors should monitor closely.