Swiss Life Asset Management Ltd Acquires 39,355 Shares of BNY $BK

Swiss Life Asset Management Ltd raised its holdings in BNY (NYSE:BK) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,020 shares of the bank’s stock after purchasing an additional 39,355 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in BNY were worth $27,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BK. Revolve Wealth Partners LLC bought a new position in BNY in the 4th quarter valued at $220,000. Sivia Capital Partners LLC grew its stake in BNY by 36.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock valued at $309,000 after purchasing an additional 909 shares during the period. Jump Financial LLC bought a new position in BNY in the 2nd quarter valued at $2,482,000. Treasurer of the State of North Carolina grew its stake in BNY by 1.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock valued at $30,466,000 after purchasing an additional 5,445 shares during the period. Finally, Osterweis Capital Management Inc. grew its stake in BNY by 11,890.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock valued at $109,000 after purchasing an additional 1,189 shares during the period. Institutional investors own 85.31% of the company’s stock.

Insider Buying and Selling

In other BNY news, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.50, for a total value of $4,095,000.00. Following the completion of the transaction, the executive vice president owned 50,238 shares in the company, valued at $6,857,487. This trade represents a 37.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shannon Marie Hobbs sold 297 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.05, for a total value of $40,703.85. Following the completion of the transaction, the vice president owned 15,206 shares of the company’s stock, valued at approximately $2,083,982.30. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,091 shares of company stock worth $6,568,423 in the last 90 days. 0.17% of the stock is owned by company insiders.

BNY Stock Up 1.5%

BK stock opened at $132.44 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $91.15 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.96 and a beta of 1.08. BNY has a fifty-two week low of $86.52 and a fifty-two week high of $139.15. The stock has a fifty day moving average of $124.26 and a 200-day moving average of $118.66.

BNY (NYSE:BK) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.31. BNY had a return on equity of 15.29% and a net margin of 14.60%.The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts predict that BNY will post 8.76 earnings per share for the current year.

BNY Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were paid a $0.53 dividend. The ex-dividend date was Monday, April 27th. This represents a $2.12 annualized dividend and a yield of 1.6%. BNY’s dividend payout ratio (DPR) is currently 26.27%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. New Street Research set a $143.00 price target on BNY in a research note on Wednesday, January 14th. Truist Financial increased their price target on BNY from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Morgan Stanley increased their price target on BNY from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada increased their price target on BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

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.