Bank of New York Mellon Corporation $BNY Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in Bank of New York Mellon Corporation (NYSE:BNY) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,905 shares of the bank’s stock after selling 18,062 shares during the quarter. Natixis Advisors LLC’s holdings in Bank of New York Mellon were worth $45,148,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vantus Wealth LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter worth approximately $286,000. Root Financial Partners LLC grew its position in shares of Bank of New York Mellon by 15.2% in the 4th quarter. Root Financial Partners LLC now owns 1,646 shares of the bank’s stock worth $191,000 after acquiring an additional 217 shares in the last quarter. FDx Advisors Inc. grew its position in shares of Bank of New York Mellon by 3.7% in the 4th quarter. FDx Advisors Inc. now owns 4,000 shares of the bank’s stock worth $464,000 after acquiring an additional 141 shares in the last quarter. Sage Investment Advisers LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter worth approximately $427,000. Finally, Rothschild Wealth LLC grew its position in shares of Bank of New York Mellon by 60.7% in the 4th quarter. Rothschild Wealth LLC now owns 4,105 shares of the bank’s stock worth $477,000 after acquiring an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Trading Down 0.3%

Shares of NYSE BNY opened at $140.80 on Thursday. The company has a market cap of $96.64 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07. Bank of New York Mellon Corporation has a 12-month low of $87.41 and a 12-month high of $143.95. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The stock’s 50 day simple moving average is $131.67 and its 200 day simple moving average is $122.19.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping 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. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Equities research analysts expect that Bank of New York Mellon Corporation will post 8.78 EPS for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 annualized dividend and a yield of 1.5%. Bank of New York Mellon’s payout ratio is presently 26.27%.

Analysts Set New Price Targets

Several research analysts have recently commented on BNY shares. JPMorgan Chase & Co. lifted their target price on Bank of New York Mellon from $130.50 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods lifted their target price on Bank of New York Mellon from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Morgan Stanley raised their price target on Bank of New York Mellon from $135.00 to $139.00 and gave the stock an “equal weight” rating in a report on Friday, April 17th. Evercore set a $136.00 price target on Bank of New York Mellon in a report on Friday, April 17th. Finally, Truist Financial raised their price target on Bank of New York Mellon from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Insiders Place Their Bets

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 5,290 shares of Bank of New York Mellon stock in a transaction on Friday, April 17th. The stock was sold at an average price of $136.02, for a total transaction of $719,545.80. Following the sale, the insider owned 17,259 shares of the company’s stock, valued at $2,347,569.18. The trade was a 23.46% decrease in their position. The sale 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 Bank of New York Mellon stock in a transaction on Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the sale, the executive vice president directly owned 50,238 shares in the company, 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 90 days. Insiders own 0.17% of the company’s stock.

About Bank of New York Mellon

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.