Bank of New York Mellon (NYSE:BNY) VP Sells 3,520 Shares of Company Stock

Bank of New York Mellon Corporation (NYSE:BNY) VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the transaction, the vice president directly owned 176,824 shares in the company, valued at $26,309,642.96. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jose Minaya also recently made the following trade(s):

• On Thursday, August 27th, Jose Minaya sold 3,520 shares of Bank of New York Mellon stock. The shares were sold at an average price of $162.64, for a total value of $572,492.80.

Bank of New York Mellon Trading Down 1.5%

Shares of BNY traded down $2.19 during mid-day trading on Wednesday, reaching $144.79. 4,263,719 shares of the company were exchanged, compared to its average volume of 3,691,433. The business has a 50 day simple moving average of $158.51 and a two-hundred day simple moving average of $144.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $98.24 billion, a PE ratio of 16.86, a PEG ratio of 1.12 and a beta of 1.05. Bank of New York Mellon Corporation has a 52 week low of $103.11 and a 52 week high of $165.84.

Bank of New York Mellon (NYSE:BNY) last announced its earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, beating the consensus estimate of $2.16 by $0.30. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 earnings per share. On average, analysts predict that Bank of New York Mellon Corporation will post 9.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BNY has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Weiss Ratings cut shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Erste Group Bank started coverage on Bank of New York Mellon in a report on Wednesday, July 15th. They set a “buy” rating for the company. Keefe, Bruyette & Woods lifted their price objective on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Bank of America boosted their price objective on Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of New York Mellon has a consensus rating of “Moderate Buy” and a consensus target price of $156.73.

Institutional Investors Weigh In On Bank of New York Mellon

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Bank of New York Mellon during the second quarter valued at about $8,321,111,000. Bank of America Corp DE acquired a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Bank of New York Mellon in the 2nd quarter valued at about $1,214,193,000. Wellington Management Group LLP acquired a new position in Bank of New York Mellon during the 2nd quarter worth approximately $1,175,576,000. Finally, Amundi acquired a new position in Bank of New York Mellon during the 2nd quarter worth approximately $985,533,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon 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.