Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $11.06 Million Investment in BNY $BK

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of BNY (NYSE:BK) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 95,253 shares of the bank’s stock, valued at approximately $11,058,000.

Several other institutional investors have also modified their holdings of BK. Ransom Advisory Ltd raised its stake in BNY by 1.3% during the 4th quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock worth $787,000 after acquiring an additional 85 shares in the last quarter. Mather Group LLC. raised its stake in BNY by 0.9% during the 4th quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock worth $1,072,000 after acquiring an additional 86 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in BNY by 1.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 7,539 shares of the bank’s stock worth $821,000 after acquiring an additional 94 shares in the last quarter. Vectors Research Management LLC raised its stake in BNY by 0.7% during the 4th quarter. Vectors Research Management LLC now owns 12,981 shares of the bank’s stock worth $1,507,000 after acquiring an additional 94 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its stake in BNY by 2.6% in the third quarter. Angeles Wealth Management LLC now owns 3,798 shares of the bank’s stock valued at $414,000 after purchasing an additional 98 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of BNY from $130.50 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Morgan Stanley boosted their price objective on shares of BNY from $135.00 to $139.00 and gave the stock an “equal weight” rating in a report on Friday, April 17th. Barclays upped their price target on shares of BNY from $143.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Evercore set a $136.00 price target on shares of BNY in a report on Friday, April 17th. One investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

BNY Stock Performance

Shares of BK opened at $136.15 on Wednesday. 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 $93.70 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.00 and a beta of 1.08. The company’s 50 day simple moving average is $126.36 and its 200 day simple moving average is $119.84. BNY has a 1 year low of $87.41 and a 1 year high of $139.15.

BNY (NYSE:BK) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.31. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. On average, sell-side analysts predict that BNY will post 8.78 EPS for the current year.

BNY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, April 27th were given a $0.53 dividend. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. BNY’s dividend payout ratio is presently 26.27%.

Insider Buying and Selling at BNY

In other news, EVP Alejandro Perez sold 12,504 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $137.01, for a total value of $1,713,173.04. Following the completion of the sale, the executive vice president owned 62,613 shares of the company’s stock, valued at $8,578,607.13. This represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the completion of the sale, the executive vice president directly owned 50,238 shares of the company’s stock, valued at $6,857,487. The trade was a 37.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,091 shares of company stock worth $6,568,423 over the last three months. 0.17% of the stock is currently owned by insiders.

BNY 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.