Leonteq Securities AG Acquires Shares of 4,137 Bank of New York Mellon Corporation $BNY

Leonteq Securities AG bought a new position in shares of Bank of New York Mellon Corporation (NYSE:BNY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,137 shares of the bank’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Bank of New York Mellon in the fourth quarter valued at about $27,000. Marquette Asset Management LLC grew its stake in Bank of New York Mellon by 174.7% in the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock valued at $30,000 after acquiring an additional 166 shares during the period. Valley Wealth Managers Inc. acquired a new position in Bank of New York Mellon in the third quarter valued at about $33,000. Westside Investment Management Inc. grew its stake in Bank of New York Mellon by 44.1% in the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock valued at $45,000 after acquiring an additional 127 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth about $46,000. Institutional investors own 85.31% of the company’s stock.

Insiders Place Their Bets

In related news, VP Shannon Marie Hobbs sold 297 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 15,206 shares of the company’s stock, valued at $2,083,982.30. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.02, for a total value of $719,545.80. Following the completion of the sale, the insider directly owned 17,259 shares of the company’s stock, valued at $2,347,569.18. The trade was a 23.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 48,091 shares of company stock valued at $6,568,423. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

BNY has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective 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. Evercore set a $136.00 price objective on Bank of New York Mellon in a research note on Friday, April 17th. Citigroup assumed coverage on Bank of New York Mellon in a research note on Monday, February 23rd. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased 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 note on Monday, May 11th. Finally, Weiss Ratings raised Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a research report on Monday, May 4th. One equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.08.

Bank of New York Mellon Trading Up 0.1%

NYSE BNY opened at $139.15 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. Bank of New York Mellon Corporation has a twelve month low of $87.41 and a twelve month high of $139.15. The company has a market cap of $95.77 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08. The business’s fifty day moving average is $127.66 and its 200 day moving average is $120.37.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.31. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the business posted $1.58 EPS. Bank of New York Mellon’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Bank of New York Mellon Corporation will post 8.78 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

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

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.