3,110 Shares in Bank of New York Mellon Corporation $BNY Acquired by One Wealth Advisors LLC

One Wealth Advisors LLC bought a new position in shares of Bank of New York Mellon Corporation (NYSE:BNY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,110 shares of the bank’s stock, valued at approximately $450,000.

Other hedge funds have also bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in Bank of New York Mellon during the 2nd quarter worth about $96,000. Bridgewater Advisors Inc. purchased a new stake in Bank of New York Mellon during the 2nd quarter valued at about $520,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Bank of New York Mellon by 9.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 12,045 shares of the bank’s stock valued at $1,489,000 after purchasing an additional 1,031 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Bank of New York Mellon by 7.3% in the first quarter. Janney Montgomery Scott LLC now owns 148,115 shares of the bank’s stock valued at $17,571,000 after purchasing an additional 10,107 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Bank of New York Mellon by 17.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 141,899 shares of the bank’s stock valued at $16,473,000 after purchasing an additional 21,506 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

Shares of BNY stock opened at $163.30 on Friday. The stock has a market cap of $110.80 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. The business has a 50-day simple moving average of $151.97 and a 200-day simple moving average of $135.17. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Bank of New York Mellon Corporation has a 52-week low of $99.67 and a 52-week high of $163.77.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, topping the consensus estimate of $2.16 by $0.30. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.Bank of New York Mellon’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. On average, equities analysts expect that Bank of New York Mellon Corporation will post 9.26 EPS for the current year.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BNY. Zacks Research raised Bank of New York Mellon from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Bank of America increased their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Bank of New York Mellon from $149.00 to $159.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Erste Group Bank assumed coverage on shares of Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating for the company. Finally, Citigroup upped their price objective on shares of Bank of New York Mellon from $167.00 to $172.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.13.

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.