5,025 Shares in Bank of New York Mellon Corporation $BNY Purchased by First Nebraska Trust Co

First Nebraska Trust Co acquired a new position in Bank of New York Mellon Corporation (NYSE:BNY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,025 shares of the bank’s stock, valued at approximately $727,000.

A number of other institutional investors have also recently bought and sold shares of BNY. Abound Financial LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $25,000. MCF Advisors LLC raised its position in shares of Bank of New York Mellon by 74.8% in the fourth quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock valued at $27,000 after buying an additional 101 shares in the last quarter. Burnham & Co LLC acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at approximately $29,000. Heritage Wealth Advisors bought a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $31,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $31,000. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 0.9%

BNY opened at $158.72 on Friday. The company’s 50 day moving average is $153.85 and its 200-day moving average is $136.61. Bank of New York Mellon Corporation has a 1-year low of $101.71 and a 1-year high of $165.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The company has a market cap of $107.69 billion, a P/E ratio of 18.48, a PEG ratio of 1.12 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.30. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 EPS. Equities research analysts predict that Bank of New York Mellon Corporation will post 9.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BNY. Keefe, Bruyette & Woods increased their price target on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Erste Group Bank began coverage on Bank of New York Mellon in a report on Wednesday, July 15th. They issued a “buy” rating for the company. Weiss Ratings downgraded Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Argus increased their target price on Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.13.

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.