WINTON GROUP Ltd Acquires New Stake in Bank of New York Mellon Corporation $BNY

WINTON GROUP Ltd acquired a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,333 shares of the bank’s stock, valued at approximately $4,965,000.

Other large investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in shares of Bank of New York Mellon in the 4th quarter worth $220,000. Sivia Capital Partners LLC increased its stake in shares of Bank of New York Mellon by 36.6% during the second quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock worth $309,000 after acquiring an additional 909 shares during the period. Jump Financial LLC acquired a new position in shares of Bank of New York Mellon during the second quarter worth about $2,482,000. Treasurer of the State of North Carolina raised its holdings in Bank of New York Mellon by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock worth $30,466,000 after purchasing an additional 5,445 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in Bank of New York Mellon by 11,890.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock worth $109,000 after purchasing an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 0.1%

Shares of Bank of New York Mellon stock opened at $162.60 on Friday. The company has a 50-day moving average of $158.92 and a two-hundred day moving average of $140.91. Bank of New York Mellon Corporation has a 12-month low of $103.11 and a 12-month high of $165.84. 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 stock has a market cap of $110.32 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on BNY. Bank of America lifted their price objective on Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. Erste Group Bank started coverage on Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating for the company. Weiss Ratings cut Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Citigroup lifted their price target on Bank of New York Mellon from $167.00 to $172.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.13.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $162.64, for a total value of $572,492.80. Following the sale, the vice president directly owned 180,344 shares in the company, valued at $29,331,148.16. The trade was a 1.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. 0.17% of the stock is currently owned by corporate insiders.

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.