Legal & General increases Bank of America stake as dividend rises
Legal & General Group boosted its Bank of America holding to 45,411,913 shares valued at $2,497,655,000 after buying 1,487,809 more in the quarter. Mondrian Investment Partners also increased its stake to 2,175,401 shares worth $119,647,000. Bank of America reported $1.21 EPS, above $1.13 estimates, and raised its quarterly dividend to $0.32 from $0.28, while Barclays lifted its target to $72.