Swedbank AB Acquires 17,157 Shares of Bank of New York Mellon Corporation $BNY

Swedbank AB increased its holdings in Bank of New York Mellon Corporation (NYSE:BNY) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 886,883 shares of the bank’s stock after purchasing an additional 17,157 shares during the period. Swedbank AB’s holdings in Bank of New York Mellon were worth $102,958,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC increased its position in Bank of New York Mellon by 133.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 91,762 shares of the bank’s stock valued at $9,998,000 after acquiring an additional 52,412 shares during the last quarter. Jones Financial Companies Lllp increased its position in Bank of New York Mellon by 35.1% during the third quarter. Jones Financial Companies Lllp now owns 31,848 shares of the bank’s stock valued at $3,487,000 after acquiring an additional 8,277 shares during the last quarter. National Pension Service increased its position in Bank of New York Mellon by 3.1% during the third quarter. National Pension Service now owns 2,053,278 shares of the bank’s stock valued at $223,725,000 after acquiring an additional 61,718 shares during the last quarter. First National Bank of Omaha bought a new position in Bank of New York Mellon during the third quarter valued at $3,044,000. Finally, Cullen Investment Group LTD. increased its position in Bank of New York Mellon by 1,691.4% during the fourth quarter. Cullen Investment Group LTD. now owns 38,730 shares of the bank’s stock valued at $4,610,000 after acquiring an additional 36,568 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial boosted their price objective on shares of Bank of New York Mellon from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Evercore set a $136.00 target price on shares of Bank of New York Mellon in a research note on Friday, April 17th. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a research note on Friday, April 17th. Royal Bank Of Canada boosted their target price on shares of Bank of New York Mellon from $130.00 to $142.00 and gave the company a “sector perform” rating in a research note on Friday, April 17th. Finally, Weiss Ratings raised shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a research note 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.08.

Insider Buying and Selling at Bank of New York Mellon

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the completion of the sale, the executive vice president directly owned 50,238 shares of the company’s stock, valued at $6,857,487. This represents a 37.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alejandro Perez sold 12,504 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 62,613 shares of the company’s stock, valued at approximately $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,091 shares of company stock valued at $6,568,423 in the last ninety days. 0.17% of the stock is owned by insiders.

Bank of New York Mellon Stock Up 0.1%

NYSE:BNY opened at $139.15 on Friday. Bank of New York Mellon Corporation has a 1-year low of $87.41 and a 1-year high of $139.15. The company has a 50-day moving average of $127.66 and a 200 day moving average of $120.37. The firm has a market cap of $95.77 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75.

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, topping analysts’ consensus estimates of $1.94 by $0.31. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts anticipate 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. Investors of record on Monday, April 27th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.5%. Bank of New York Mellon’s dividend payout ratio 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.