Mn Services Vermogensbeheer B.V. Has $32.53 Million Holdings in BNY $BK

Mn Services Vermogensbeheer B.V. lifted its stake in shares of BNY (NYSE:BK) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 280,212 shares of the bank’s stock after acquiring an additional 8,696 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in BNY were worth $32,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in BNY in the 4th quarter worth $220,000. Sivia Capital Partners LLC raised its stake in shares of BNY 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 purchasing an additional 909 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of BNY in the 2nd quarter valued at about $165,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BNY by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 104,969 shares of the bank’s stock valued at $9,564,000 after purchasing an additional 932 shares in the last quarter. Finally, Level Four Advisory Services LLC bought a new stake in shares of BNY in the second quarter valued at about $240,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BK. Wells Fargo & Company increased their price objective on BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Keefe, Bruyette & Woods boosted their target price on BNY from $132.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Citigroup began coverage on BNY in a research report on Monday, February 23rd. They set a “neutral” rating for the company. Barclays raised their price target on shares of BNY from $120.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of BNY from $124.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, BNY currently has an average rating of “Moderate Buy” and an average price target of $131.92.

BNY Trading Up 0.4%

BNY stock opened at $115.18 on Tuesday. The company has a market cap of $79.27 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.07 and a beta of 1.10. The firm has a 50-day moving average of $118.41 and a 200-day moving average of $114.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71. BNY has a one year low of $70.46 and a one year high of $128.76.

BNY (NYSE:BK) last released its earnings results on Tuesday, January 13th. The bank reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.11. BNY had a return on equity of 14.37% and a net margin of 13.62%.The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. BNY’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts expect that BNY will post 6.96 earnings per share for the current fiscal year.

BNY Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $2.12 annualized dividend and a dividend yield of 1.8%. BNY’s payout ratio is 28.61%.

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.