Avior Wealth Administration LLC trimmed its place in The Financial institution of New York Mellon Co. (NYSE:BK – Free Report) by 3.2% within the third quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The agency owned 4,452 shares of the financial institution’s inventory after promoting 147 shares throughout the quarter. Avior Wealth Administration LLC’s holdings in Financial institution of New York Mellon have been price $320,000 as of its most up-to-date SEC submitting.
Plenty of different hedge funds and different institutional traders have additionally not too long ago added to or lowered their stakes in BK. Marshall Wace LLP elevated its place in Financial institution of New York Mellon by 99.4% within the second quarter. Marshall Wace LLP now owns 2,631,213 shares of the financial institution’s inventory price $157,583,000 after buying an extra 1,311,969 shares throughout the interval. Panagora Asset Administration Inc. raised its place in shares of Financial institution of New York Mellon by 6,040.9% within the 2nd quarter. Panagora Asset Administration Inc. now owns 1,037,806 shares of the financial institution’s inventory valued at $62,154,000 after buying an extra 1,020,906 shares throughout the interval. Swedbank AB purchased a brand new place in Financial institution of New York Mellon throughout the 1st quarter price roughly $35,514,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Financial institution of New York Mellon by 89.5% throughout the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,216,146 shares of the financial institution’s inventory valued at $72,835,000 after buying an extra 574,319 shares throughout the interval. Lastly, Public Sector Pension Funding Board elevated its stake in Financial institution of New York Mellon by 440.1% within the second quarter. Public Sector Pension Funding Board now owns 645,811 shares of the financial institution’s inventory valued at $38,678,000 after buying an extra 526,249 shares within the final quarter. 85.31% of the inventory is presently owned by institutional traders and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have not too long ago issued stories on BK. Evercore ISI boosted their value goal on shares of Financial institution of New York Mellon from $66.00 to $77.00 and gave the corporate an “in-line” score in a report on Monday, October 14th. Deutsche Financial institution Aktiengesellschaft elevated their value goal on Financial institution of New York Mellon from $82.00 to $85.00 and gave the inventory a “purchase” score in a report on Monday, November eleventh. The Goldman Sachs Group lifted their value goal on Financial institution of New York Mellon from $74.00 to $80.00 and gave the corporate a “purchase” score in a report on Thursday, September twenty sixth. Citigroup elevated their goal value on Financial institution of New York Mellon from $65.00 to $70.00 and gave the inventory a “impartial” score in a analysis notice on Thursday, September nineteenth. Lastly, Barclays lifted their value goal on shares of Financial institution of New York Mellon from $75.00 to $86.00 and gave the corporate an “obese” score in a analysis notice on Monday, October 14th. 5 analysts have rated the inventory with a maintain score and 9 have given a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the inventory presently has a consensus score of “Reasonable Purchase” and a consensus goal value of $77.23.
View Our Newest Analysis Report on Financial institution of New York Mellon
Financial institution of New York Mellon Inventory Up 1.6 %
Shares of BK inventory opened at $80.14 on Friday. The corporate has a present ratio of 0.70, a fast ratio of 0.70 and a debt-to-equity ratio of 0.89. The Financial institution of New York Mellon Co. has a 1 yr low of $46.81 and a 1 yr excessive of $80.29. The agency’s fifty day transferring common value is $75.03 and its two-hundred day transferring common value is $66.64. The agency has a market capitalization of $58.27 billion, a P/E ratio of 17.42, a PEG ratio of 0.89 and a beta of 1.07.
Financial institution of New York Mellon (NYSE:BK – Get Free Report) final issued its quarterly earnings outcomes on Friday, October eleventh. The financial institution reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.11. Financial institution of New York Mellon had a internet margin of 9.44% and a return on fairness of 12.06%. The agency had income of $4.65 billion for the quarter, in comparison with analyst estimates of $4.52 billion. On common, equities analysts predict that The Financial institution of New York Mellon Co. will publish 5.82 EPS for the present fiscal yr.
Financial institution of New York Mellon Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of file on Monday, October twenty first have been paid a dividend of $0.47 per share. The ex-dividend date was Monday, October twenty first. This represents a $1.88 annualized dividend and a dividend yield of two.35%. Financial institution of New York Mellon’s dividend payout ratio is presently 40.87%.
Insider Transactions at Financial institution of New York Mellon
In different information, VP Hanneke Smits bought 16,475 shares of the enterprise’s inventory in a transaction dated Tuesday, October fifteenth. The shares have been bought at a mean value of $76.47, for a complete transaction of $1,259,843.25. Following the transaction, the vice chairman now instantly owns 157,455 shares within the firm, valued at $12,040,583.85. The commerce was a 9.47 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is on the market at this hyperlink. Additionally, EVP J Kevin Mccarthy bought 25,000 shares of the enterprise’s inventory in a transaction dated Tuesday, October fifteenth. The inventory was bought at a mean value of $76.31, for a complete transaction of $1,907,750.00. Following the transaction, the chief vice chairman now owns 75,404 shares within the firm, valued at $5,754,079.24. This represents a 24.90 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. 0.14% of the inventory is owned by firm insiders.
About Financial institution of New York Mellon
The Financial institution of New York Mellon Company gives a spread of economic services in the US and internationally. The corporate operates via Securities Companies, Market and Wealth Companies, Funding and Wealth Administration, and different segments. The Securities Companies phase presents custody, belief and depositary, accounting, exchange-traded funds, middle-office options, switch company, companies for personal fairness and actual property funds, overseas change, securities lending, liquidity/lending companies, and knowledge analytics.
Additional Studying
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