Bank of New York Mellon Corporation $BNY Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC raised its holdings in Bank of New York Mellon Corporation (NYSE:BNY) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,577 shares of the bank’s stock after buying an additional 3,605 shares during the period. Calamos Advisors LLC’s holdings in Bank of New York Mellon were worth $25,828,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BNY. Oakworth Capital Inc. increased its holdings in shares of Bank of New York Mellon by 5.3% in the 3rd quarter. Oakworth Capital Inc. now owns 1,360 shares of the bank’s stock valued at $197,000 after acquiring an additional 68 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its position in shares of Bank of New York Mellon by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank’s stock worth $1,457,000 after acquiring an additional 77 shares in the last quarter. Cornerstone Financial Management LLC lifted its stake in Bank of New York Mellon by 11.4% during the second quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank’s stock worth $113,000 after purchasing an additional 80 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in Bank of New York Mellon by 49.5% during the third quarter. Physician Wealth Advisors Inc. now owns 272 shares of the bank’s stock worth $39,000 after purchasing an additional 90 shares during the last quarter. Finally, Riversedge Advisors LLC lifted its stake in Bank of New York Mellon by 3.1% during the third quarter. Riversedge Advisors LLC now owns 3,035 shares of the bank’s stock worth $439,000 after purchasing an additional 92 shares during the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bank of New York Mellon

In other news, VP Jose Minaya sold 3,520 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the completion of the sale, the vice president directly owned 173,304 shares of the company’s stock, valued at approximately $25,616,064.24. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robin A. Vince sold 40,620 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $147.81, for a total transaction of $6,004,042.20. Following the transaction, the chief executive officer owned 585,174 shares in the company, valued at approximately $86,494,568.94. This trade represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 60,560 shares of company stock worth $9,007,119. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BNY shares. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bank of New York Mellon in a research note on Friday, October 16th. Royal Bank Of Canada raised their price objective on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of Bank of New York Mellon from $161.00 to $166.50 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Truist Financial lowered their target price on shares of Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a report on Friday, October 16th. Finally, Bank of America upped their target price on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.04.

Bank of New York Mellon Stock Performance

Shares of BNY traded up $0.43 during midday trading on Friday, reaching $147.92. 2,631,482 shares of the stock were exchanged, compared to its average volume of 3,592,380. The business’s 50-day moving average price is $150.26 and its 200 day moving average price is $139.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. Bank of New York Mellon Corporation has a twelve month low of $105.42 and a twelve month high of $165.84. The company has a market capitalization of $99.54 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.98 and a beta of 1.02.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.11. The business had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. Bank of New York Mellon’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current fiscal year.

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.