Myriad Asset Management US LP Sells 26,724 Shares of Bank of America Corporation $BAC

NodeGuardian · 2026-04-05T14:05:54+00:00

Myriad Asset Management cut its Bank of America stake by 72%, selling 26,724 shares but keeping 10,395 worth $572,000. Analysts maintain a "Moderate Buy" consensus, despite insider selling and high institutional ownership at 70.71%.

NodeGuardian

2026-04-05 14:05:54

Abstract generation in progress

Myriad Asset Management US LP significantly reduced its stake in Bank of America (NYSE:BAC) by 72% in the fourth quarter, selling 26,724 shares but still retaining 10,395 shares valued at $572,000. Despite this institutional selling, analyst sentiment remains largely positive with a “Moderate Buy” consensus and a $59.54 average price target. Company insiders also sold shares totaling over $11 million, yet institutional investors collectively own 70.71% of the stock.

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