3,301 Shares in Bank of New York Mellon Corporation $BNY Acquired by CM Wealth Advisors LLC

CM Wealth Advisors LLC acquired a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,301 shares of the bank’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also bought and sold shares of BNY. Abound Financial LLC bought a new position in shares of Bank of New York Mellon during the 4th quarter worth $25,000. MCF Advisors LLC boosted its position in shares of Bank of New York Mellon by 74.8% in the fourth quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock valued at $27,000 after acquiring an additional 101 shares during the period. Heritage Wealth Advisors bought a new position in shares of Bank of New York Mellon in the fourth quarter worth $31,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Bank of New York Mellon in the 4th quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Bank of New York Mellon during the second quarter valued at approximately $32,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon Trading Down 2.5%

NYSE BNY opened at $159.88 on Thursday. The firm has a market capitalization of $108.48 billion, a PE ratio of 18.61, a P/E/G ratio of 1.16 and a beta of 1.06. The stock’s 50 day moving average is $153.24 and its 200 day moving average is $136.19. Bank of New York Mellon Corporation has a twelve month low of $99.67 and a twelve month high of $165.68. 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 (NYSE:BNY) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.30. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts forecast that Bank of New York Mellon Corporation will post 9.26 earnings per share for the current fiscal year.

Insider Transactions at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BNY shares. Citigroup raised their price objective on 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. Wells Fargo & Company upped their price target on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Erste Group Bank assumed coverage on Bank of New York Mellon in a report on Wednesday, July 15th. They issued a “buy” rating on the stock. Wall Street Zen upgraded Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Finally, Bank of America lifted their price target on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.13.

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.