Mn Services Vermogensbeheer B.V. Has $32.53 Million Position in BNY $BK

Mn Services Vermogensbeheer B.V. raised its holdings in BNY (NYSE:BK) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 280,212 shares of the bank’s stock after acquiring an additional 8,696 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in BNY were worth $32,530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Revolve Wealth Partners LLC acquired a new position in shares of BNY in the 4th quarter valued at $220,000. Sivia Capital Partners LLC boosted its position in shares of BNY by 36.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock worth $309,000 after purchasing an additional 909 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of BNY during the second quarter worth $165,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of BNY by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 104,969 shares of the bank’s stock worth $9,564,000 after purchasing an additional 932 shares during the period. Finally, Level Four Advisory Services LLC bought a new stake in BNY in the second quarter valued at about $240,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

BNY Stock Performance

Shares of BNY stock opened at $115.18 on Tuesday. The stock’s fifty day simple moving average is $118.41 and its 200 day simple moving average is $114.12. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $79.27 billion, a PE ratio of 15.54, a PEG ratio of 1.07 and a beta of 1.10. BNY has a 12 month low of $70.46 and a 12 month high of $128.76.

BNY (NYSE:BK) last posted its earnings results on Tuesday, January 13th. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.11. BNY had a return on equity of 14.37% and a net margin of 13.62%.The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. On average, research analysts predict that BNY will post 6.96 EPS for the current year.

BNY Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 23rd were given a $0.53 dividend. The ex-dividend date was Friday, January 23rd. This represents a $2.12 annualized dividend and a dividend yield of 1.8%. BNY’s payout ratio is currently 28.61%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on BNY from $132.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Weiss Ratings upgraded BNY from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, March 11th. Barclays upped their price target on BNY from $120.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Morgan Stanley lifted their price objective on shares of BNY from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Citigroup initiated coverage on shares of BNY in a report on Monday, February 23rd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.92.

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.