Bank of America's 6.9% passive stake is a notable new institutional position but carries no activist intent. Monitor future 13G amendments for stake increases or a potential conversion to 13D if the bank engages with management.
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Executive Summary
Bank of America Corp disclosed a 6.9% passive stake in Dine Brands Global, Inc. via a new Schedule 13G filing, reporting beneficial ownership of 868,538 common shares as of September 30, 2026. This is a new 13G filing (not an amendment), indicating Bank of America crossed the 5% threshold and holds the shares in the ordinary course of business with no intent to influence control.
Key Financial Metrics
Key Facts
- Bank of America Corp filed a new Schedule 13G on October 28, 2026, reporting a 6.9% stake in Dine Brands Global, Inc.
- Beneficial ownership: 868,538 shares of common stock as of September 30, 2026.
- The filing certifies passive intent under Rule 13d-1(b), no intent to change or influence control.
- Sole voting power: 0 shares; shared voting power: 796,773 shares; sole dispositive power: 0 shares; shared dispositive power: 868,538 shares.
- Outstanding share count used: 12,659,150 shares, per the issuer's Form 10-Q filed August 5, 2026.
- This is a new 13G filing, not an amendment, prior 13G filings by Morgan Stanley and Vanguard are separate filers.
Financial Impact
6.9% stake valued at approximately $27.9M based on market cap of $404M
Risk Factors
- Passive certification could change if Bank of America later engages in activist activities, requiring conversion to Schedule 13D.
- No stated intent to increase or decrease the position, future filings will clarify direction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000070858-26-000537 |
| Document: 0000070858-26-000537-index.html | 0000070858-26-000537 |
| Document: 0000070858-26-000537.txt | 0000070858-26-000537 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 today | 8-K | $34.66 | awaiting T+60 | awaiting T+60 | $35.16 (+1.44%) |
Oct 28, 2026 1d ago | SC 13G | $34.68 | awaiting T+60 | awaiting T+60 | $35.16 (+1.38%) |
Sep 4, 2026 7w ago | 8-K | $31.68 | awaiting T+60 | awaiting T+60 | $35.16 (+10.98%) |
Aug 28, 2026 8w ago | Court Ruling | $33.08 | awaiting T+60 | awaiting T+60 | $35.16 (+6.29%) |
Aug 27, 2026 9w ago | 8-K | $33.34 | awaiting T+60 | awaiting T+60 | $35.16 (+5.46%) |
Aug 5, 2026 12w ago | 8-K | $35.75 $35.16 | ▲ +1.65% | ▲ +1.59% | $35.16 (+1.65%) |
Jun 12, 2026 19w ago | Institutional Cluster | $34.04 $30.86 | ▼ −9.34% | ▼ −12.61% | $35.16 (+3.29%) |
Jun 2, 2026 21w ago | 8-K | $28.73 $33.34 | ▲ +16.05% | ▲ +13.55% | $35.16 (+22.38%) |
May 14, 2026 24w ago | 8-K | $31.02 $35.82 | ▲ +15.47% | ▲ +11.88% | $35.16 (+13.35%) |
May 8, 2026 24w ago | 144 | $28.38 $34.85 | ▲ +22.80% | ▲ +17.96% | $35.16 (+23.89%) |
US Market Status
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