Bank of America (NYSE:BAC) saw increased investment from Riverbend Wealth Management LLC, which acquired 22,512 shares valued at approximately $991,000 during the fourth quarter. Several other institutional investors also increased their stakes in the company. The financial services provider reported $0.82 EPS for the quarter, surpassing estimates by $0.05, with revenue reaching $25.30 billion. A quarterly dividend of $0.26 per share is scheduled for payment on March 28th.
In related news, Dearborn Partners LLC reduced its position in BlackRock, Inc. (NYSE:BLK) by 1.6% during the same period, selling 663 shares. Despite this reduction, BlackRock remains a significant holding for Dearborn Partners LLC. BlackRock's Q4 earnings revealed $11.93 earnings per share, exceeding estimates by $0.41, with revenue at $5.68 billion. BlackRock declared a quarterly dividend of $5.21 per share, payable on March 24th. Director J. Richard Kushel sold 10,000 shares of BlackRock stock on January 30th.