Dynamic Technology Lab Private Ltd Takes $3.06 Million Position in Bank of New York Mellon Corporation $BNY

Dynamic Technology Lab Private Ltd acquired a new stake in Bank of New York Mellon Corporation (NYSE:BNY) in the 4th quarter, HoldingsChannel reports. The fund acquired 26,362 shares of the bank’s stock, valued at approximately $3,060,000. Bank of New York Mellon makes up about 0.7% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 5th biggest holding.

A number of other large investors have also added to or reduced their stakes in BNY. Revolve Wealth Partners LLC bought a new stake in Bank of New York Mellon in the 4th quarter valued at $220,000. Sivia Capital Partners LLC raised its stake in Bank of New York Mellon 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 acquiring an additional 909 shares during the period. Jump Financial LLC bought a new stake in Bank of New York Mellon in the 2nd quarter valued at $2,482,000. Treasurer of the State of North Carolina raised its stake in Bank of New York Mellon 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 acquiring an additional 5,445 shares during the period. Finally, Osterweis Capital Management Inc. raised its stake in Bank of New York Mellon 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 acquiring an additional 1,189 shares during the period. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Up 1.2%

BNY stock opened at $143.74 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $98.66 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.04 and a beta of 1.07. The business’s fifty day moving average price is $135.19 and its two-hundred day moving average price is $123.80. Bank of New York Mellon Corporation has a fifty-two week low of $87.41 and a fifty-two week high of $145.02.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings data 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. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS. On average, equities analysts anticipate that Bank of New York Mellon Corporation will post 8.78 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Monday, April 27th were given a $0.53 dividend. The ex-dividend date was Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.5%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 26.27%.

Insider Buying and Selling

In related news, EVP Alejandro Perez sold 12,504 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $137.01, for a total value of $1,713,173.04. Following the transaction, the executive vice president owned 62,613 shares in the company, valued at approximately $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shannon Marie Hobbs sold 297 shares of the firm’s stock in a transaction on 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 in the company, valued at $2,083,982.30. The trade was a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,091 shares of company stock worth $6,568,423 over the last three months. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BNY shares. Barclays increased their price target on Bank of New York Mellon from $143.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. increased their price target on Bank of New York Mellon from $130.50 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods increased their price target on Bank of New York Mellon from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen upgraded Bank of New York Mellon to a “hold” rating in a research note on Saturday, May 23rd. Finally, Morgan Stanley increased their price objective on Bank of New York Mellon from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.08.

Bank of New York Mellon 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.