Banque Cantonale Vaudoise Sells 10,512 Shares of BNY $BK

Banque Cantonale Vaudoise decreased its holdings in shares of BNY (NYSE:BK) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,834 shares of the bank’s stock after selling 10,512 shares during the quarter. Banque Cantonale Vaudoise’s holdings in BNY were worth $4,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ransom Advisory Ltd grew its position in shares of BNY by 1.3% during the 4th quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after purchasing an additional 85 shares in the last quarter. Mather Group LLC. increased its stake in BNY by 0.9% in the fourth quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock valued at $1,072,000 after acquiring an additional 86 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in BNY by 1.3% in the third quarter. Valeo Financial Advisors LLC now owns 7,539 shares of the bank’s stock valued at $821,000 after acquiring an additional 94 shares during the last quarter. Vectors Research Management LLC increased its stake in BNY by 0.7% in the fourth quarter. Vectors Research Management LLC now owns 12,981 shares of the bank’s stock valued at $1,507,000 after acquiring an additional 94 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its stake in BNY by 2.6% in the third quarter. Angeles Wealth Management LLC now owns 3,798 shares of the bank’s stock valued at $414,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.

BNY Price Performance

NYSE BK opened at $136.15 on Wednesday. BNY has a 52-week low of $87.41 and a 52-week high of $139.15. The firm’s 50 day moving average price is $126.36 and its 200-day moving average price is $119.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $93.70 billion, a PE ratio of 16.87, a P/E/G ratio of 1.00 and a beta of 1.08.

BNY (NYSE:BK) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.31. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. Sell-side analysts forecast that BNY will post 8.78 EPS for the current fiscal year.

BNY Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, April 27th were given a $0.53 dividend. The ex-dividend date was Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. BNY’s dividend payout ratio (DPR) is 26.27%.

Insider Activity at BNY

In other news, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the transaction, the executive vice president directly owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This trade represents a 37.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.02, for a total transaction of $719,545.80. Following the completion of the transaction, the insider directly owned 17,259 shares in the company, valued at approximately $2,347,569.18. This represents a 23.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,091 shares of company stock worth $6,568,423 in the last ninety days. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BK has been the subject of several analyst reports. Weiss Ratings upgraded shares of BNY from a “buy (a-)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Evercore set a $136.00 price target on shares of BNY in a research note on Friday, April 17th. Keefe, Bruyette & Woods raised their target price on shares of BNY from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. raised their price target on shares of BNY from $130.50 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Citigroup assumed coverage on shares of BNY in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.08.

About BNY

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.