BNY $BK is Matthew Goff Investment Advisor LLC’s 4th Largest Position

Matthew Goff Investment Advisor LLC decreased its holdings in BNY (NYSE:BK) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 261,011 shares of the bank’s stock after selling 11,949 shares during the quarter. BNY accounts for about 5.1% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 4th largest holding. Matthew Goff Investment Advisor LLC’s holdings in BNY were worth $30,301,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Valley Wealth Managers Inc. purchased a new stake in shares of BNY in the third quarter valued at approximately $33,000. Caldwell Trust Co purchased a new position in shares of BNY during the 2nd quarter valued at approximately $36,000. Westside Investment Management Inc. lifted its position in shares of BNY by 44.1% during the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock valued at $45,000 after buying an additional 127 shares in the last quarter. Dunhill Financial LLC grew its stake in BNY by 130.8% in the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank’s stock valued at $47,000 after acquiring an additional 242 shares during the period. Finally, Community Bank N.A. grew its stake in BNY by 250.4% in the 3rd quarter. Community Bank N.A. now owns 438 shares of the bank’s stock valued at $48,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of BNY from $124.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Barclays lifted their target price on shares of BNY from $120.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods boosted their target price on shares of BNY from $132.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Citigroup assumed coverage on shares of BNY in a research report on Monday, February 23rd. They set a “neutral” rating for the company. Finally, TD Cowen raised their price target on shares of BNY from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.92.

BNY Stock Up 0.1%

NYSE BK opened at $114.77 on Monday. The business has a fifty day moving average price of $118.53 and a 200 day moving average price of $114.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $78.99 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.07 and a beta of 1.10. BNY has a one year low of $70.46 and a one year high of $128.76.

BNY (NYSE:BK) last announced its earnings results on Tuesday, January 13th. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.11. BNY had a net margin of 13.62% and a return on equity of 14.37%. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts anticipate that BNY will post 6.96 EPS for the current fiscal year.

BNY Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Friday, January 23rd were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, January 23rd. BNY’s dividend payout ratio (DPR) is currently 28.61%.

BNY Company Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.