Pathstone Holdings LLC elevated its stake in The Financial institution of New York Mellon Co. (NYSE:BK – Free Report) by 0.2% within the third quarter, in response to the corporate in its most up-to-date submitting with the Securities and Change Fee. The agency owned 75,873 shares of the financial institution’s inventory after buying an extra 175 shares through the interval. Pathstone Holdings LLC’s holdings in Financial institution of New York Mellon have been value $5,452,000 as of its most up-to-date submitting with the Securities and Change Fee.
A variety of different massive traders have additionally not too long ago added to or diminished their stakes in BK. Stanley Laman Group Ltd. lifted its place in shares of Financial institution of New York Mellon by 2.2% within the third quarter. Stanley Laman Group Ltd. now owns 6,198 shares of the financial institution’s inventory value $445,000 after buying an extra 135 shares within the final quarter. Avidian Wealth Enterprises LLC elevated its stake in Financial institution of New York Mellon by 2.0% within the third quarter. Avidian Wealth Enterprises LLC now owns 7,024 shares of the financial institution’s inventory valued at $505,000 after shopping for an extra 137 shares over the past quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Financial institution of New York Mellon by 1.1% through the third quarter. Frank Rimerman Advisors LLC now owns 12,908 shares of the financial institution’s inventory value $928,000 after shopping for an extra 142 shares over the past quarter. Sigma Planning Corp grew its holdings in shares of Financial institution of New York Mellon by 2.7% within the third quarter. Sigma Planning Corp now owns 5,470 shares of the financial institution’s inventory valued at $393,000 after buying an extra 143 shares within the final quarter. Lastly, Grove Financial institution & Belief elevated its place in shares of Financial institution of New York Mellon by 28.8% within the third quarter. Grove Financial institution & Belief now owns 644 shares of the financial institution’s inventory valued at $46,000 after buying an extra 144 shares over the past quarter. Institutional traders personal 85.31% of the corporate’s inventory.
Insider Exercise at Financial institution of New York Mellon
In different information, EVP J Kevin Mccarthy bought 25,000 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, October fifteenth. The shares have been bought at a mean value of $76.31, for a complete worth of $1,907,750.00. Following the completion of the transaction, the chief vp now instantly owns 75,404 shares within the firm, valued at roughly $5,754,079.24. The commerce was a 24.90 % lower of their place. The sale was disclosed in a submitting with the Securities & Change Fee, which may be accessed by means of this hyperlink. Additionally, VP Hanneke Smits bought 16,475 shares of the corporate’s inventory in a transaction that occurred on Tuesday, October fifteenth. The inventory was bought at a mean value of $76.47, for a complete transaction of $1,259,843.25. Following the sale, the vp now instantly owns 157,455 shares of the corporate’s inventory, valued at roughly $12,040,583.85. This commerce represents a 9.47 % lower of their place. The disclosure for this sale may be discovered right here. 0.14% of the inventory is at present owned by company insiders.
Wall Avenue Analyst Weigh In
A variety of analysis analysts have weighed in on BK shares. Morgan Stanley raised their value goal on Financial institution of New York Mellon from $72.00 to $78.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Monday, September thirtieth. Evercore ISI boosted their goal value on shares of Financial institution of New York Mellon from $66.00 to $77.00 and gave the inventory an “in-line” ranking in a report on Monday, October 14th. Royal Financial institution of Canada reiterated a “sector carry out” ranking and issued a $79.00 value goal on shares of Financial institution of New York Mellon in a analysis be aware on Monday, October 14th. StockNews.com raised shares of Financial institution of New York Mellon from a “maintain” ranking to a “purchase” ranking in a report on Tuesday. Lastly, Barclays lifted their value goal on Financial institution of New York Mellon from $75.00 to $86.00 and gave the inventory an “obese” ranking in a report on Monday, October 14th. 5 analysis analysts have rated the inventory with a maintain ranking and 9 have issued a purchase ranking to the corporate. In accordance with MarketBeat.com, the corporate has a consensus ranking of “Reasonable Purchase” and a mean value goal of $77.23.
Learn Our Newest Inventory Report on Financial institution of New York Mellon
Financial institution of New York Mellon Inventory Efficiency
BK opened at $80.14 on Friday. The corporate has a debt-to-equity ratio of 0.89, a present ratio of 0.70 and a fast ratio of 0.70. The corporate has a market capitalization of $58.27 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.07. The enterprise has a fifty day easy transferring common of $75.03 and a 200 day easy transferring common of $66.64. The Financial institution of New York Mellon Co. has a 1 yr low of $46.81 and a 1 yr excessive of $80.29.
Financial institution of New York Mellon (NYSE:BK – Get Free Report) final launched its quarterly earnings outcomes on Friday, October eleventh. The financial institution reported $1.52 EPS for the quarter, beating the consensus estimate of $1.41 by $0.11. Financial institution of New York Mellon had a web margin of 9.44% and a return on fairness of 12.06%. The enterprise had income of $4.65 billion for the quarter, in comparison with the consensus estimate of $4.52 billion. Analysis analysts count on that The Financial institution of New York Mellon Co. will submit 5.82 EPS for the present yr.
Financial institution of New York Mellon Dividend Announcement
The agency additionally not too long ago declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of report on Monday, October twenty first got a $0.47 dividend. The ex-dividend date of this dividend was Monday, October twenty first. This represents a $1.88 dividend on an annualized foundation and a dividend yield of two.35%. Financial institution of New York Mellon’s payout ratio is 40.87%.
Financial institution of New York Mellon Firm Profile
The Financial institution of New York Mellon Company offers a variety of economic services and products in the USA and internationally. The corporate operates by means of Securities Providers, Market and Wealth Providers, Funding and Wealth Administration, and different segments. The Securities Providers phase affords custody, belief and depositary, accounting, exchange-traded funds, middle-office options, switch company, companies for personal fairness and actual property funds, international alternate, securities lending, liquidity/lending companies, and information analytics.
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