BNY $BK Stake Raised by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of BNY (NYSE:BK) by 287.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,391 shares of the bank’s stock after purchasing an additional 9,937 shares during the quarter. International Assets Investment Management LLC’s holdings in BNY were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BK. Revolve Wealth Partners LLC bought a new stake in shares of BNY during the fourth quarter valued at approximately $220,000. Sivia Capital Partners LLC raised its holdings in shares of BNY by 36.6% during the second quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock valued at $309,000 after buying an additional 909 shares during the last quarter. Jump Financial LLC bought a new stake in shares of BNY during the second quarter valued at approximately $2,482,000. Treasurer of the State of North Carolina raised its holdings in shares of BNY by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock valued at $30,466,000 after buying an additional 5,445 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in shares of BNY by 11,890.0% during the second 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.

Insider Buying and Selling at BNY

In related news, VP Shannon Marie Hobbs sold 297 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were 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 of the company’s stock, valued at approximately $2,083,982.30. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alejandro Perez sold 12,504 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the completion of the transaction, the executive vice president directly owned 62,613 shares of the company’s stock, valued at $8,578,607.13. This represents a 16.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 48,091 shares of company stock worth $6,568,423. 0.17% of the stock is owned by corporate insiders.

BNY Trading Down 0.2%

BNY stock opened at $130.48 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a market cap of $89.80 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. BNY has a 1 year low of $85.69 and a 1 year high of $139.15. The firm’s 50 day moving average price is $123.84 and its two-hundred day moving average price is $118.32.

BNY (NYSE:BK) last posted 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 firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. On average, research analysts predict that BNY will post 8.76 EPS for the current fiscal year.

BNY Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders 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 annualized dividend and a yield of 1.6%. BNY’s payout ratio is 26.27%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of BNY from $130.00 to $142.00 and gave the company a “sector perform” rating in a research note on Friday, April 17th. Weiss Ratings upgraded shares of BNY from a “buy (a-)” rating to a “buy (a)” rating in a research note on Monday. Truist Financial raised their price objective on shares of BNY from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Barclays raised their price objective on shares of BNY from $143.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company raised their price objective on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, BNY currently has a consensus rating of “Moderate Buy” and an average price target of $137.35.

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.