Vanguard Personalized Indexing Management LLC Buys 7,181 Shares of Bank of New York Mellon Corporation $BNY

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,570 shares of the bank’s stock after buying an additional 7,181 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bank of New York Mellon were worth $14,345,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Panagora Asset Management Inc. raised its holdings in shares of Bank of New York Mellon by 56.7% in the 4th quarter. Panagora Asset Management Inc. now owns 1,290,910 shares of the bank’s stock valued at $149,862,000 after purchasing an additional 467,279 shares in the last quarter. Piedmont Capital Management LLC NC bought a new stake in shares of Bank of New York Mellon in the 4th quarter valued at about $683,000. MML Investors Services LLC raised its holdings in shares of Bank of New York Mellon by 7.2% in the 4th quarter. MML Investors Services LLC now owns 276,189 shares of the bank’s stock valued at $32,063,000 after purchasing an additional 18,589 shares in the last quarter. Mariner LLC raised its holdings in shares of Bank of New York Mellon by 74.2% in the 4th quarter. Mariner LLC now owns 372,726 shares of the bank’s stock valued at $43,277,000 after purchasing an additional 158,743 shares in the last quarter. Finally, Nicolet Advisory Services LLC raised its holdings in shares of Bank of New York Mellon by 3.3% in the 4th quarter. Nicolet Advisory Services LLC now owns 3,986 shares of the bank’s stock valued at $481,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

Wall Street Analysts Forecast Growth

BNY has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Truist Financial boosted their price target on shares of Bank of New York Mellon from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, April 17th. Weiss Ratings upgraded shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods boosted their price target on shares of Bank of New York Mellon from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Bank of New York Mellon from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Bank of New York Mellon Stock Down 0.2%

NYSE:BNY opened at $143.74 on Monday. The company has a market cap of $98.66 billion, a PE ratio of 17.81, a P/E/G ratio of 1.05 and a beta of 1.07. Bank of New York Mellon Corporation has a twelve month low of $87.41 and a twelve month high of $145.02. 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 company’s 50 day moving average is $135.19 and its two-hundred day moving average is $123.91.

Bank of New York Mellon (NYSE:BNY) last released its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.31. The company 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 net margin of 14.60% and a return on equity of 15.29%. Bank of New York Mellon’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. Analysts anticipate that Bank of New York Mellon Corporation will post 8.78 EPS for the current year.

Bank of New York Mellon Dividend Announcement

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

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 5,290 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were 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 approximately $2,347,569.18. The trade was a 23.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alejandro Perez sold 12,504 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the completion of the sale, the executive vice president directly owned 62,613 shares in the company, valued at $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 48,091 shares of company stock worth $6,568,423 in the last quarter. 0.17% of the stock is currently owned by company insiders.

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.