Sienna Gestion Has $15.22 Million Stock Holdings in Bank of New York Mellon Corporation $BNY

Sienna Gestion lifted its position in Bank of New York Mellon Corporation (NYSE:BNY) by 7.3% during the 4th quarter, Holdings Channel reports. The firm owned 130,838 shares of the bank’s stock after buying an additional 8,942 shares during the quarter. Bank of New York Mellon makes up 0.9% of Sienna Gestion’s investment portfolio, making the stock its 24th biggest holding. Sienna Gestion’s holdings in Bank of New York Mellon were worth $15,215,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth about $27,000. MCF Advisors LLC grew its holdings in shares of Bank of New York Mellon by 74.8% in the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock worth $27,000 after purchasing an additional 101 shares during the last quarter. Marquette Asset Management LLC grew its holdings in shares of Bank of New York Mellon by 174.7% in the 4th 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 last quarter. Heritage Wealth Advisors bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth about $31,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth about $31,000. Institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

BNY has been the topic of several analyst reports. Weiss Ratings raised shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a report on Monday, May 4th. Evercore set a $136.00 target price on shares of Bank of New York Mellon in a report on Friday, April 17th. Royal Bank Of Canada upped their target price on shares of Bank of New York Mellon from $130.00 to $142.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Citigroup initiated coverage on shares of Bank of New York Mellon in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Finally, Barclays upped their target price on shares of Bank of New York Mellon from $143.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.08.

Bank of New York Mellon Stock Down 1.0%

Shares of NYSE:BNY opened at $142.48 on Tuesday. Bank of New York Mellon Corporation has a 12 month low of $87.41 and a 12 month high of $146.45. The company’s 50-day moving average price is $135.59 and its two-hundred day moving average price is $124.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. The firm has a market cap of $97.80 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.05 and a beta of 1.07.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.31. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The company’s revenue was up 12.9% on a year-over-year basis. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.5%. Bank of New York Mellon’s dividend payout ratio is currently 26.27%.

Insider Activity at Bank of New York Mellon

In other news, EVP Alejandro Perez sold 12,504 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $137.01, for a total value of $1,713,173.04. Following the transaction, the executive vice president owned 62,613 shares of the company’s stock, valued at approximately $8,578,607.13. This trade represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were 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 $2,347,569.18. This trade represents a 23.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,091 shares of company stock worth $6,568,423 in the last quarter. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon 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.