Schonfeld Strategic Advisors 13F: Cuts BAC Stake by $25M
The institutional investor scaled back its position, but other major funds have taken the opposite approach.
Reviewed by automated data checks against the source filing. How we make and check alerts
Schonfeld Strategic Advisors sold 437,188 shares from its stake in Bank of America Corporation ($BAC), a 67.65% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 209,048 shares worth $11.91 million at the end of the quarter.
Since the filing, $BAC is up 4.1% after 1 week, up 12.8% after 1 month and up 4.0% to date (from the $49.26 close on May 15, 2026).
Find the original: Schonfeld Strategic Advisors 13F filings on SEC EDGAR
BAC
Bank of America Corporation
Key Points
- Schonfeld Strategic Advisors cut its holdings in Bank of America by 67.7%, selling 437,188 shares during the period.
- Schonfeld Strategic Advisors held 209,048 $BAC shares at quarter end, down 67.65% from the prior quarter.
- The financial giant reported total revenue of $113.93 billion with a 16.8% growth rate, ahead of its next earnings release on October 14, 2026.
- While Schonfeld sold down its position, other major firms like Schroder Investment Management and Boston Partners expanded their stakes.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Bank of America Corporation alert may contain errors. Disclosures
Schonfeld Strategic Advisors scaled back its investment in Bank of America Corporation (NYSE: BAC) by 67.7% during the period ending May 15, 2026, according to its latest Form 13F filing with the Securities and Exchange Commission.
Because 13F filings are backward-looking documents, they show a fund's holdings as of the end of the reporting period and do not necessarily reflect current portfolio activity.
Schonfeld's Position Details
Schonfeld started the period with 646,236 shares of the diversified banking giant. By the close of the reporting window, the firm had sold 437,188 shares. That left it with 209,048 shares of Bank of America. Based on the market prices at the time of the filing, the remaining position was valued at $11,911,554.
How Other Large Funds Behaved
While Schonfeld chose to trim its exposure, other institutional investors have shown mixed sentiment. On May 14, 2026, Schroder Investment Management increased its holdings in Bank of America by 15.0%. Just a few days earlier, on May 11, 2026, Boston Partners expanded its stake by 12.3%, adding 965,751 shares to its portfolio. Meanwhile, on April 30, 2026, Candriam S.C.A. took a path similar to Schonfeld, trimming its position by 6.1%.
Bank of America Stock Performance
On Saturday, the stock was priced at $56.98. It has been hovering near its 200-day moving average of $55.26, though it remains below its 50-day moving average of $61.91. Over the last year, the stock's price has ranged from a low of $46.12 to a high of $65.23.
Recent Earnings
Bank of America recently reported total annual revenue of $113,931,001,856, which represents a growth rate of 16.8%. The company posted earnings of $4.33 per share, supported by a net margin of 29.52% and a return on equity of 11.2%. Shareholders looking for the next update can mark October 14, 2026, on their calendars, when the bank is scheduled to report its next round of quarterly financial results.
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 continues to distribute capital to its investors through regular dividends. The company pays an annual dividend rate of $1.28 per share, which equates to a dividend yield of 2.22%. The bank's dividend payout ratio is currently 25.87%.
Analysts Set New Price Targets
Wall Street researchers have recently weighed in on the stock. On October 15, 2026, a series of major financial institutions maintained positive ratings while adjusting their price targets. Citigroup kept its Buy rating with a $60.00 price target. Morgan Stanley kept its Overweight rating with a $61.00 target, and Truist Securities maintained its Buy rating with a target of $58.00.
On the same day, RBC Capital reiterated its Outperform rating with a $60.00 target, and Barclays maintained an Overweight rating with a $68.00 target. Wells Fargo kept an Overweight rating with a $64.00 target, TD Cowen held its position with a Hold rating and a $56.00 target, and Evercore ISI Group kept its Outperform rating with a $57.00 price target. Overall, the stock has a consensus buy recommendation from 21 analysts, with a mean price target of $68.86.
About the Company
Bank of America Corporation is one of the largest financial institutions in the world. Based in Charlotte, North Carolina, it provides a wide range of retail banking, wealth management, commercial banking, and investment services to individuals, small businesses, and large institutions globally. The company's performance is closely watched as a bellwether for the broader U.S. financial system.
What to Watch at Bank of America Corporation
Investors keeping an eye on Bank of America should watch for the upcoming earnings report on October 14, 2026, to see how high interest rates and loan demand are shaping the bank's profitability. Future 13F filings in the coming quarters will also reveal whether Schonfeld continues to reduce its bank holdings or if other institutional investors step in to buy the dip.
Related Filing Alerts
Source: Schonfeld Strategic Advisors's 13F filing on $BAC (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Schonfeld Strategic Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts