Venturi Wealth Administration LLC lifted its holdings in shares of The Financial institution of New York Mellon Co. (NYSE:BK – Free Report) by 21.5% in the course of the third quarter, in response to its most up-to-date Type 13F submitting with the Securities and Trade Fee (SEC). The fund owned 1,147 shares of the financial institution’s inventory after shopping for a further 203 shares in the course of the interval. Venturi Wealth Administration LLC’s holdings in Financial institution of New York Mellon had been price $82,000 on the finish of the latest reporting interval.
A number of different massive buyers additionally not too long ago purchased and offered shares of BK. Empowered Funds LLC grew its stake in shares of Financial institution of New York Mellon by 28.1% in the course of the 1st quarter. Empowered Funds LLC now owns 10,620 shares of the financial institution’s inventory valued at $612,000 after buying a further 2,328 shares in the course of the interval. Blair William & Co. IL elevated its stake in shares of Financial institution of New York Mellon by 1.6% within the 1st quarter. Blair William & Co. IL now owns 21,393 shares of the financial institution’s inventory price $1,233,000 after buying a further 338 shares within the final quarter. Tocqueville Asset Administration L.P. raised its holdings in Financial institution of New York Mellon by 4.1% within the 1st quarter. Tocqueville Asset Administration L.P. now owns 13,492 shares of the financial institution’s inventory price $777,000 after buying a further 528 shares in the course of the interval. M&G Plc bought a brand new place in Financial institution of New York Mellon in the course of the first quarter valued at $55,543,000. Lastly, Councilmark Asset Administration LLC purchased a brand new stake in Financial institution of New York Mellon in the course of the first quarter valued at about $1,504,000. 85.31% of the inventory is at present owned by institutional buyers.
Financial institution of New York Mellon Inventory Efficiency
NYSE BK opened at $77.58 on Friday. The corporate has a market cap of $56.41 billion, a P/E ratio of 16.87, a P/E/G ratio of 0.90 and a beta of 1.07. The enterprise’s 50 day transferring common value is $73.56 and its 200-day transferring common value is $65.66. The Financial institution of New York Mellon Co. has a fifty-two week low of $46.04 and a fifty-two week excessive of $80.29. The corporate has a debt-to-equity ratio of 0.89, a fast ratio of 0.70 and a present ratio of 0.70.
Financial institution of New York Mellon (NYSE:BK – Get Free Report) final introduced its earnings outcomes on Friday, October eleventh. The financial institution reported $1.52 earnings per share 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. Promote-side analysts predict that The Financial institution of New York Mellon Co. will submit 5.82 earnings per share for the present yr.
Financial institution of New York Mellon Broadcasts Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, November 1st. Buyers of file on Monday, October twenty first had been issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized foundation and a yield of two.42%. The ex-dividend date of this dividend was Monday, October twenty first. Financial institution of New York Mellon’s payout ratio is at present 40.87%.
Wall Avenue Analyst Weigh In
Various analysis analysts have not too long ago weighed in on BK shares. UBS Group lifted their value goal on Financial institution of New York Mellon from $73.00 to $82.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, October eighth. Barclays upped their value goal on shares of Financial institution of New York Mellon from $75.00 to $86.00 and gave the inventory an “chubby” score in a analysis report on Monday, October 14th. JPMorgan Chase & Co. raised their value goal on shares of Financial institution of New York Mellon from $69.00 to $77.00 and gave the corporate an “chubby” score in a analysis report on Monday, October seventh. StockNews.com downgraded shares of Financial institution of New York Mellon from a “purchase” score to a “maintain” score in a report on Monday. Lastly, Royal Financial institution of Canada restated a “sector carry out” score and issued a $79.00 value goal on shares of Financial institution of New York Mellon in a analysis report on Monday, October 14th. Six funding analysts have rated the inventory with a maintain score and eight have issued a purchase score to the corporate. Based on MarketBeat, the inventory presently has a median score of “Average Purchase” and a median goal value of $77.08.
Verify Out Our Newest Evaluation on BK
Insider Shopping for and Promoting at Financial institution of New York Mellon
In different information, EVP J Kevin Mccarthy offered 25,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, October fifteenth. The shares had been offered at a median value of $76.31, for a complete transaction of $1,907,750.00. Following the transaction, the manager vice chairman now immediately owns 75,404 shares of the corporate’s inventory, valued at roughly $5,754,079.24. This commerce represents a 24.90 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by means of this hyperlink. Additionally, VP Hanneke Smits offered 16,475 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, October fifteenth. The shares had been offered at a median value of $76.47, for a complete worth of $1,259,843.25. Following the completion of the sale, the vice chairman now owns 157,455 shares of the corporate’s inventory, valued at $12,040,583.85. The commerce was a 9.47 % lower of their place. The disclosure for this sale could be discovered right here. 0.14% of the inventory is at present owned by company insiders.
Financial institution of New York Mellon Profile
The Financial institution of New York Mellon Company gives a spread of monetary services and products in the USA and internationally. The corporate operates by means of Securities Companies, Market and Wealth Companies, Funding and Wealth Administration, and different segments. The Securities Companies phase affords custody, belief and depositary, accounting, exchange-traded funds, middle-office options, switch company, providers for personal fairness and actual property funds, overseas change, securities lending, liquidity/lending providers, and knowledge analytics.
Additional Studying
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