9,998 Bank of New York Mellon Corporation $BNY Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its position in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,549 shares of the bank’s stock after purchasing an additional 9,998 shares during the period. Eurizon Capital SGR S.p.A. owned approximately 0.05% of Bank of New York Mellon worth $49,155,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. 71 West Capital Partners raised its stake in shares of Bank of New York Mellon by 1.0% in the 3rd quarter. 71 West Capital Partners now owns 6,863 shares of the bank’s stock valued at $993,000 after acquiring an additional 67 shares during the period. Oakworth Capital Inc. raised its holdings in Bank of New York Mellon by 5.3% in the third quarter. Oakworth Capital Inc. now owns 1,360 shares of the bank’s stock valued at $197,000 after acquiring an additional 68 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in Bank of New York Mellon by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank’s stock worth $1,457,000 after acquiring an additional 77 shares in the last quarter. Cornerstone Financial Management LLC increased its position in shares of Bank of New York Mellon by 11.4% in the 2nd quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank’s stock valued at $113,000 after purchasing an additional 80 shares during the last quarter. Finally, Pinion Investment Advisors LLC increased its position in shares of Bank of New York Mellon by 2.3% in the 3rd quarter. Pinion Investment Advisors LLC now owns 3,667 shares of the bank’s stock valued at $530,000 after purchasing an additional 81 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Bank of New York Mellon Stock Performance

Shares of Bank of New York Mellon stock opened at $153.10 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86. Bank of New York Mellon Corporation has a 52 week low of $105.42 and a 52 week high of $165.84. The firm’s 50 day moving average is $149.26 and its two-hundred day moving average is $140.76. The firm has a market capitalization of $103.02 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.02 and a beta of 1.02.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The business had revenue of $5.68 billion during the quarter. The business’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast that Bank of New York Mellon Corporation will post 9.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BNY shares. Bank of America raised their price objective on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. Argus boosted their target price on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Bank of New York Mellon in a report on Wednesday. Truist Financial cut their price target on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Finally, Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average price target of $165.04.

Insider Transactions at Bank of New York Mellon

In other news, VP Jose Minaya sold 3,520 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the sale, the vice president owned 173,304 shares in the company, valued at approximately $25,616,064.24. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robin A. Vince sold 9,380 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.82, for a total transaction of $1,386,551.60. Following the transaction, the chief executive officer owned 575,794 shares in the company, valued at approximately $85,113,869.08. This trade represents a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,560 shares of company stock worth $9,007,119 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.