BNY (NYSE:BK – Get Free Report) EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the completion of the sale, the executive vice president directly owned 50,238 shares in the company, valued at approximately $6,857,487. This trade represents a 37.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
BNY Price Performance
Shares of BNY stock opened at $137.97 on Wednesday. The firm has a market cap of $94.96 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06. BNY has a 12-month low of $75.35 and a 12-month high of $139.15. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $120.68 and its two-hundred day simple moving average is $116.41.
BNY (NYSE:BK – Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. As a group, equities analysts expect that BNY will post 8.52 EPS for the current year.
BNY Dividend Announcement
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in BNY by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 71,319,884 shares of the bank’s stock valued at $8,279,525,000 after acquiring an additional 647,847 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in BNY by 18,044.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,670,202 shares of the bank’s stock valued at $2,283,514,000 after acquiring an additional 19,561,793 shares during the period. Ameriprise Financial Inc. lifted its position in BNY by 18.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock valued at $1,454,116,000 after acquiring an additional 2,034,781 shares during the period. Norges Bank purchased a new position in BNY during the 4th quarter valued at about $1,398,624,000. Finally, Invesco Ltd. lifted its position in BNY by 8.2% during the 4th quarter. Invesco Ltd. now owns 7,680,429 shares of the bank’s stock valued at $891,621,000 after acquiring an additional 578,999 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
BK has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of BNY from $128.50 to $130.50 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Barclays increased their price target on shares of BNY from $143.00 to $149.00 and gave the stock an “overweight” rating in a research note on Friday. New Street Research set a $143.00 price objective on shares of BNY in a report on Wednesday, January 14th. Evercore set a $136.00 price objective on shares of BNY in a report on Friday. Finally, Royal Bank Of Canada raised their price objective on shares of BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, BNY has a consensus rating of “Moderate Buy” and an average target price of $137.35.
Get Our Latest Analysis on BNY
BNY News Summary
Here are the key news stories impacting BNY this week:
- Positive Sentiment: Analysts raised price targets on BK (two reported raises to $150 and $148), signaling improved forward expectations that can support further upside. BNY Price Target Raised to $150.00 BNY Price Target Raised to $148.00
- Positive Sentiment: Coverage highlighting BK’s Q1 beat, AI-related business gains and a $10B buyback supports investor optimism on earnings growth and capital return. Assessing Bank of New York Mellon Corporation (BK) Valuation After Q1 Beat AI Gains And $10b Buyback
- Negative Sentiment: Multiple insiders sold shares on April 17 (EVP Alejandro Perez 12,504 shares; EVP J. Kevin McCarthy 30,000 shares; Kurtis R. Kurimsky 5,290 shares; VP Shannon Hobbs 297 shares). The size and concentration of these disposals (some large % ownership drops) may be read as a negative signal by the market. Regulatory filing links: Alejandro Perez SEC Filing J. Kevin McCarthy SEC Filing Kurtis Kurimsky SEC Filing Shannon Hobbs SEC Filing
- Negative Sentiment: Unusual options flow: traders bought 15,757 put contracts (a 663% jump vs. typical daily put volume). This spike in bearish/options-hedging activity increases near-term downside risk or signals growing hedging interest. (Options volume reported April 21)
BNY 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.
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