Bank of New York Mellon Corporation $BNY Stake Raised by Calamos Advisors LLC

Calamos Advisors LLC grew its stake in Bank of New York Mellon Corporation (NYSE:BNY) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 178,577 shares of the bank’s stock after acquiring an additional 3,605 shares during the period. Calamos Advisors LLC’s holdings in Bank of New York Mellon were worth $25,828,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Luken Investment Analytics LLC purchased a new stake in Bank of New York Mellon in the second quarter valued at approximately $27,000. Balance Wealth Partners LLC acquired a new position in Bank of New York Mellon during the third quarter worth $28,000. Burnham & Co LLC acquired a new position in Bank of New York Mellon during the second quarter worth $29,000. EFG International AG acquired a new position in Bank of New York Mellon during the second quarter worth $29,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Bank of New York Mellon during the second quarter worth $32,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the transaction, the vice president directly owned 173,304 shares of the company’s stock, valued at approximately $25,616,064.24. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robin Vince sold 40,620 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $147.81, for a total transaction of $6,004,042.20. Following the sale, the chief executive officer owned 585,174 shares in the company, valued at $86,494,568.94. The trade was a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,560 shares of company stock valued at $9,007,119 in the last quarter. Company insiders own 0.17% of the company’s stock.

Bank of New York Mellon Stock Up 0.3%

Shares of NYSE:BNY traded up $0.43 during trading on Friday, hitting $147.92. The company’s stock had a trading volume of 2,631,482 shares, compared to its average volume of 3,592,380. Bank of New York Mellon Corporation has a fifty-two week low of $105.42 and a fifty-two week high of $165.84. The business has a 50 day moving average price of $150.26 and a two-hundred day moving average price of $139.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $99.54 billion, a PE ratio of 16.34, a P/E/G ratio of 0.98 and a beta of 1.02.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The business had revenue of $5.68 billion for the quarter. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BNY shares. New Street Research set a $182.00 price objective on Bank of New York Mellon in a research note on Friday, October 16th. JPMorgan Chase & Co. lifted their target price on Bank of New York Mellon from $161.00 to $166.50 and gave the company an “overweight” rating in a research report on Friday, October 30th. Truist Financial cut their price target on shares of Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bank of New York Mellon in a research note on Friday, October 16th. Finally, Bank of America increased their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.04.

Bank of New York Mellon Company 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.