SoFi Technologies, Inc. $SOFI Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 32.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,914,345 shares of the company’s stock after purchasing an additional 954,359 shares during the quarter. Bank of New York Mellon Corp owned about 0.33% of SoFi Technologies worth $103,417,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of SoFi Technologies by 12.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,879,959 shares of the company’s stock worth $88,864,000 after acquiring an additional 540,610 shares during the period. Blair William & Co. IL raised its holdings in SoFi Technologies by 443.9% during the second quarter. Blair William & Co. IL now owns 335,698 shares of the company’s stock worth $6,113,000 after purchasing an additional 273,972 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in SoFi Technologies in the second quarter worth approximately $209,000. Quantbot Technologies LP acquired a new stake in SoFi Technologies in the second quarter worth approximately $25,699,000. Finally, Marex Group plc bought a new position in SoFi Technologies during the 2nd quarter valued at $11,179,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SOFI. UBS Group set a $24.50 price objective on SoFi Technologies in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Needham & Company LLC dropped their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of SoFi Technologies from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, BTIG Research restated a “neutral” rating on shares of SoFi Technologies in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.15.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the transaction, the insider directly owned 138,396 shares in the company, valued at approximately $3,426,684.96. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelli Keough sold 10,340 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $26.43, for a total transaction of $273,286.20. Following the sale, the executive vice president directly owned 265,034 shares in the company, valued at approximately $7,004,848.62. This trade represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 167,245 shares of company stock valued at $4,362,815 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

SoFi Technologies Stock Down 2.9%

Shares of SoFi Technologies stock opened at $22.16 on Monday. SoFi Technologies, Inc. has a 12-month low of $8.60 and a 12-month high of $32.73. The firm has a market capitalization of $26.72 billion, a PE ratio of 58.30, a price-to-earnings-growth ratio of 1.41 and a beta of 2.13. The company has a quick ratio of 0.16, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $26.95 and its 200-day moving average is $26.35.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter last year, the business posted $0.05 EPS. SoFi Technologies’s revenue was up 39.6% on a year-over-year basis. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Equities analysts anticipate that SoFi Technologies, Inc. will post 0.26 earnings per share for the current year.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.