BSN CAPITAL PARTNERS Ltd Purchases New Shares in Bank of New York Mellon Corporation $BNY

BSN CAPITAL PARTNERS Ltd acquired a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 169,545 shares of the bank’s stock, valued at approximately $18,461,000. Bank of New York Mellon makes up about 0.8% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 19th biggest position.

A number of other institutional investors also recently modified their holdings of BNY. Abound Financial LLC acquired a new stake in Bank of New York Mellon in the 4th quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $27,000. MCF Advisors LLC grew its position in shares of Bank of New York Mellon by 74.8% during the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. Marquette Asset Management LLC increased its holdings in shares of Bank of New York Mellon by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after purchasing an additional 166 shares during the period. Finally, Heritage Wealth Advisors bought a new position in shares of Bank of New York Mellon during the fourth quarter worth approximately $31,000. Institutional investors own 85.31% of the company’s stock.

Insider Activity at Bank of New York Mellon

In related news, EVP Alejandro Perez sold 12,504 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the completion of the transaction, the executive vice president directly owned 62,613 shares in the company, valued at $8,578,607.13. This represents a 16.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shannon Marie Hobbs sold 297 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the transaction, the vice president directly owned 15,206 shares of the company’s stock, valued at approximately $2,083,982.30. The trade was a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,091 shares of company stock worth $6,568,423 over the last three months. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

BNY has been the subject of several recent research reports. Truist Financial boosted their price target on Bank of New York Mellon from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Keefe, Bruyette & Woods raised their price objective on Bank of New York Mellon from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. upped their target price on Bank of New York Mellon from $130.50 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Royal Bank Of Canada raised their price target on Bank of New York Mellon from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. Finally, Barclays boosted their price target on Bank of New York Mellon from $143.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.08.

Bank of New York Mellon Trading Up 0.0%

Shares of BNY opened at $143.64 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. Bank of New York Mellon Corporation has a 52-week low of $87.41 and a 52-week high of $148.13. The firm has a market cap of $98.59 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.05 and a beta of 1.07. The business’s fifty day moving average is $137.17 and its 200-day moving average is $124.97.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.31. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.14 billion. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.Bank of New York Mellon’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 EPS. Equities analysts anticipate that Bank of New York Mellon Corporation will post 8.78 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, April 27th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.5%. Bank of New York Mellon’s dividend payout ratio is 26.27%.

Bank of New York Mellon 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.